| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| DCMS Holdings Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| DCMS Holdings Limited |
| DCMS Holdings Limited (Registered number: 11269714) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| DCMS Holdings Limited |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Brook House |
| Moss Grove |
| Kingswinford |
| West Midlands |
| DY6 9HS |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| DCMS Holdings Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of comprehensive income and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DCMS Holdings Limited for the year ended 31 December 2024 which comprise the Profit and Loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of DCMS Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DCMS Holdings Limited and state those matters that we have agreed to state to the Board of Directors of DCMS Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DCMS Holdings Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that DCMS Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DCMS Holdings Limited. You consider that DCMS Holdings Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of DCMS Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Brook House |
| Moss Grove |
| Kingswinford |
| West Midlands |
| DY6 9HS |
| DCMS Holdings Limited (Registered number: 11269714) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| DCMS Holdings Limited (Registered number: 11269714) |
| Balance Sheet - continued |
| 31 December 2024 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| DCMS Holdings Limited (Registered number: 11269714) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| DCMS Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about DCMS Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Listed investments |
| Listed investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| DCMS Holdings Limited (Registered number: 11269714) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Unlisted investments |
| Unlisted investments are valued at cost except for crypto currencies which are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2024 | 33,613,487 |
| Additions | 5,207,449 |
| Disposals | ( |
) | (14,693,611 | ) |
| Revaluations | 61,832 |
| At 31 December 2024 | 24,189,157 |
| NET BOOK VALUE |
| At 31 December 2024 | 24,189,157 |
| At 31 December 2023 | 33,613,487 |
| Cost or valuation at 31 December 2024 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2024 | - | 61,832 | 61,832 |
| Cost | 3,707,812 | 20,419,513 | 24,127,325 |
| 3,707,812 | 20,481,345 | 24,189,157 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| DCMS Holdings Limited (Registered number: 11269714) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | DEBTORS |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Amounts owed by participating interests | 2,085,924 | 1,560,017 |
| Amounts owed by associates |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| DCMS Holdings Limited (Registered number: 11269714) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 10. | RELATED PARTY DISCLOSURES |
| During the year, the company provided Timely Investments Limited with an interest free loan. Timely Investments Limited is a company in which B J Collins and N J Davis are directors. The amount at 31 December 2024 and included within amounts owed from participating interests was £2,080,424 (2023: £1,545,517). |
| During the year, the company provided Digital Vellum Limited with an interest free loan. Digital Vellum Limited is a company in which B J Collins and N J Davis are directors. The amount at 31 December 2024 and included within amounts owed from participating interests was £5,500 (2023: £14,500). |
| During the year, the company provided BCJC Property Limited with an interest free loan. BCJC Property Limited is a company in which B J Collins and N J Davis are directors. The amount outstanding at 31 December 2024 and included within amounts owed from group undertakings was £1,486,250 (2023: £1,100,250). |
| During the year, the company provided Ineversley Investments Limited with an interest free loan. Ineversley Investments Limited is a company in which B J Collins and N J Davis are directors. The amount outstanding at 31 December 2024 and included within amounts owed from group undertakings was £419,425 (2023: £358,625). |
| During the year, the company provided EGCB Holdings Limited with an interest free loan. EGCB Holdings Limited is a company in which B J Collins and N J Davis are directors. The amount outstanding at 31 December 2024 and included within amounts owed from group undertakings was £2,582,083 (2023: £4,421,214). |
| During the year, the company provided Bendito Holdings Limited with an interest free loan. Bendito Holdings Limited is a company in which B J Collins and N J Davis are directors. The amount outstanding at 31 December 2024 and included within amounts owed from group undertakings was £412,953 (2023: £1,426,340). |
| During the year, the company provided Beartennis Ventures Limited with an interest free loan. Beartennis Ventures Limited is a company in which B J Collins, N J Davis and R J Ennis are directors. The amount outstanding at 31 December 2024 and included within amounts owed from group undertakings was £1,598,305 (2023: £121,261). |
| During the year, the company provided Outwood Ventures Limited with an interest free loan. Outwood Ventures Limited is a company in which B J Collins and N J Davis are directors. The amount outstanding at 31 December 2024 and included within amounts owed from group undertakings was £501,540 (2023: £25,770). |