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
N Bakkali
appointed 10 October 2023
R Goodworth
appointed 23 October 2023
resigned 28 October 2024
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
Summertown Pavilion
18-24 Middle Way
Summertown
Oxford
OX2 7LG
COMPANY REGISTRATION NUMBER
15201769 England and Wales
DILIGENCIA GROUP LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
Notes 2024
£
FIXED ASSETS
Investments 6 6,281,278
CURRENT ASSETS
Debtors 7 1
CREDITORS: Amounts falling due within one year 8 230,823
NET CURRENT LIABILITIES (230,822)
TOTAL ASSETS LESS CURRENT LIABILITIES 6,050,456
CREDITORS: Amounts falling due after more than one year 9 898,200
NET ASSETS 5,152,256
CAPITAL AND RESERVES
Called up share capital 12,888
Merger reserve 4,589,915
Distributable profit and loss account 549,453
SHAREHOLDERS' FUNDS 5,152,256
DILIGENCIA GROUP LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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: 7 July 2025
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 10 October 2023.
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
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
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
DILIGENCIA GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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.
Current and deferred tax assets and liabilities are not discounted.
Consolidation
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.
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 2
DILIGENCIA GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
6 FIXED ASSET INVESTMENTS
Investment in subsidiary
£
Cost
Additions 6,281,278
At 31 December 2024 6,281,278
Net book value
At 31 December 2024 6,281,278
7 DEBTORS
2024
£
Other debtors 1
8 CREDITORS: Amounts falling due within one year
2024
£
Accruals and deferred income 2,500
Other creditors 228,323
230,823
9 CREDITORS: Amounts falling due after more than one year
2024
£
Other creditors 898,200
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 107,000
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:
Diligencia Consulting Limited
Subsidiary company
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