| DILIGENCIA GROUP LIMITED | |||||||||||
| UNAUDITED FINANCIAL STATEMENTS | |||||||||||
| FOR THE PERIOD ENDED | |||||||||||
| 31 DECEMBER 2024 | |||||||||||
| Company Registration Number: 15201769 | |||||||||||
| DILIGENCIA GROUP LIMITED | |||||||||||
| UNAUDITED FINANCIAL STATEMENTS | |||||||||||
| FOR THE PERIOD ENDED 31 DECEMBER 2024 | |||||||||||
| CONTENTS | PAGES | ||||||||||
| Company information | 1 | ||||||||||
| Balance sheet | 2 to 3 | ||||||||||
| Notes to the financial statements | 4 to 8 | ||||||||||
| DILIGENCIA GROUP LIMITED | |||||||||||
| COMPANY INFORMATION | |||||||||||
| FOR THE PERIOD ENDED 31 DECEMBER 2024 | |||||||||||
| DIRECTORS | |||||||||||
| appointed |
|||||||||||
| appointed |
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| resigned |
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| SECRETARY | |||||||||||
| The company does not have an appointed secretary | |||||||||||
| REGISTERED OFFICE | |||||||||||
| COMPANY REGISTRATION NUMBER | |||||||||||
| 15201769 England and Wales | |||||||||||
| DILIGENCIA GROUP LIMITED | |||||||||||
| BALANCE SHEET | |||||||||||
| AS AT 31 DECEMBER 2024 | |||||||||||
| Notes | 2024 | ||||||||||
| £ | |||||||||||
| FIXED ASSETS | |||||||||||
| Investments | 6 | ||||||||||
| CURRENT ASSETS | |||||||||||
| Debtors | 7 | ||||||||||
| CREDITORS: Amounts falling due within one year | 8 | ||||||||||
| NET CURRENT LIABILITIES | ( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES | |||||||||||
| CREDITORS: Amounts falling due after more than one year | 9 | ||||||||||
| NET ASSETS | |||||||||||
| CAPITAL AND RESERVES | |||||||||||
| Called up share capital | |||||||||||
| Merger reserve | |||||||||||
| Distributable profit and loss account | |||||||||||
| SHAREHOLDERS' FUNDS | |||||||||||
| DILIGENCIA GROUP LIMITED | |||||||||||
| BALANCE SHEET | |||||||||||
| AS AT 31 DECEMBER 2024 | |||||||||||
| As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. | |||||||||||
| Signed on behalf of the board | |||||||||||
| N Bakkali | |||||||||||
| Director | |||||||||||
| Date approved by the board: |
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| DILIGENCIA GROUP LIMITED | |||||||||||
| NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
| FOR THE PERIOD ENDED 31 DECEMBER 2024 | |||||||||||
| 1 | GENERAL INFORMATION | ||||||||||
| Diligencia Group Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: | |||||||||||
| Summertown Pavilion | |||||||||||
| 18-24 Middle Way | |||||||||||
| Summertown | |||||||||||
| Oxford | |||||||||||
| OX2 7LG | |||||||||||
| The company incorporated on |
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| 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||||
| Basis of preparation of financial statements | |||||||||||
| Going concern | |||||||||||
| The accounts have been drawn up on the going concern basis. The company has outstanding loan notes totalling £1,121,000 owing to existing and previous shareholders which are due to be repaid by 2028 and 2030. The company is therefore reliant on the continued support of its subsidiary company to finance these repayments. The director does not believe that the support of the subsidiary company will be withdrawn. | |||||||||||
| If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets. | |||||||||||
| Investments | |||||||||||
| Investments in subsidiaries are shown at cost less accumulated impairment losses. | |||||||||||
| DILIGENCIA GROUP LIMITED | |||||||||||
| NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
| FOR THE PERIOD ENDED 31 DECEMBER 2024 | |||||||||||
| 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) | ||||||||||
| Financial Instruments | |||||||||||
| A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. | |||||||||||
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. | |||||||||||
| Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account. | |||||||||||
| Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment. | |||||||||||
| Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately. | |||||||||||
| Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised. | |||||||||||
| Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. | |||||||||||
| Debtors | |||||||||||
| Short term debtors are measured at transaction price, less any impairment. | |||||||||||
| Creditors | |||||||||||
| DILIGENCIA GROUP LIMITED | |||||||||||
| NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
| FOR THE PERIOD ENDED 31 DECEMBER 2024 | |||||||||||
| 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) | ||||||||||
| Taxation | |||||||||||
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits. | |||||||||||
| Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. | |||||||||||
| Consolidation | |||||||||||
| 3 | CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS | ||||||||||
| No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements. | |||||||||||
| 4 | EMPLOYEES | ||||||||||
| The average number of persons employed by the company (including the directors) during the period was: | |||||||||||
| 2024 | |||||||||||
| Average number of employees | |||||||||||
| DILIGENCIA GROUP LIMITED | |||||||||||
| NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
| FOR THE PERIOD ENDED 31 DECEMBER 2024 | |||||||||||
| 6 | FIXED ASSET INVESTMENTS | ||||||||||
| Investment in subsidiary | |||||||||||
| £ | |||||||||||
| Cost | |||||||||||
| Additions | |||||||||||
| At 31 December 2024 | |||||||||||
| Net book value | |||||||||||
| At 31 December 2024 | |||||||||||
| 7 | DEBTORS | ||||||||||
| 2024 | |||||||||||
| £ | |||||||||||
| Other debtors | |||||||||||
| 8 | CREDITORS: Amounts falling due within one year | ||||||||||
| 2024 | |||||||||||
| £ | |||||||||||
| Accruals and deferred income | |||||||||||
| Other creditors | |||||||||||
| 230,823 | |||||||||||
| 9 | CREDITORS: Amounts falling due after more than one year | ||||||||||
| 2024 | |||||||||||
| £ | |||||||||||
| Other creditors | |||||||||||
| Analysis of creditors falling due after more than five years: | |||||||||||
| 2024 | |||||||||||
| Aggregate of instalments which fall due for repayment after five years: | £ | ||||||||||
| Debentures, loan stocks and other loans | |||||||||||
| DILIGENCIA GROUP LIMITED | |||||||||||
| NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
| FOR THE PERIOD ENDED 31 DECEMBER 2024 | |||||||||||
| 10 | RELATED PARTY TRANSACTIONS | ||||||||||
| The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members: | |||||||||||
| Subsidiary company | |||||||||||