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COMPANY REGISTRATION NUMBER: 13936098
DMM76 Investments Limited
Filleted Unaudited Financial Statements
30 September 2024
DMM76 Investments Limited
Financial Statements
Year ended 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
DMM76 Investments Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
4
90,830
96,380
Current assets
Debtors
5
436,919
83,019
Cash at bank and in hand
54,624
404,883
---------
---------
491,543
487,902
Creditors: amounts falling due within one year
6
735
9,962
---------
---------
Net current assets
490,808
477,940
---------
---------
Total assets less current liabilities
581,638
574,320
---------
---------
Net assets
581,638
574,320
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
49,878
49,878
Profit and loss account
530,760
523,442
---------
---------
Shareholders funds
581,638
574,320
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DMM76 Investments Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 12 June 2025 , and are signed on behalf of the board by:
Mr D.M. Murphy
Director
Company registration number: 13936098
DMM76 Investments Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hawkshead House, Hawkshead Fold, Glossop, Derbyshire, SK13 7GB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Shares in participating interests
Other investments other than loans
Total
£
£
£
Cost
At 1 October 2023
50,880
45,500
96,380
Revaluations
( 5,550)
( 5,550)
--------
--------
--------
At 30 September 2024
50,880
39,950
90,830
--------
--------
--------
Impairment
At 1 October 2023 and 30 September 2024
--------
--------
--------
Carrying amount
At 30 September 2024
50,880
39,950
90,830
--------
--------
--------
At 30 September 2023
50,880
45,500
96,380
--------
--------
--------
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
436,919
50,019
Other debtors
33,000
---------
--------
436,919
83,019
---------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
735
9,962
----
-------
7. Director's advances, credits and guarantees
Included within other creditors above is a balance of £2 (2023: £9,229) owed to the directors. No interest has been charged to the company in respect of the loan which is repayable on demand.
8. Related party transactions
Included within debtors above is an amount of £70,300 owed by Opus 4 Logistics Limited a company in which it owns 29% of the issued share capital. Included within debtors above is an amount £366,619 owed by Opus 4 Property Limited a company in which it owns 50% of the issued share capital.