| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Period 1 May 2023 to 31 October 2024 |
| for |
| DPP Partners Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Period 1 May 2023 to 31 October 2024 |
| for |
| DPP Partners Ltd |
| DPP Partners Ltd (Registered number: 07918295) |
| Contents of the Financial Statements |
| for the Period 1 May 2023 to 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| DPP Partners Ltd |
| Company Information |
| for the Period 1 May 2023 to 31 October 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3rd Floor Pacific Chambers |
| 11-13 Victoria Street |
| Liverpool |
| Merseyside |
| L2 5QQ |
| DPP Partners Ltd (Registered number: 07918295) |
| Balance Sheet |
| 31 October 2024 |
| 31.10.24 | 30.4.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash in hand |
| 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 | 10 |
| Revaluation reserve | 11 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| DPP Partners Ltd (Registered number: 07918295) |
| Balance Sheet - continued |
| 31 October 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| DPP Partners Ltd (Registered number: 07918295) |
| Notes to the Financial Statements |
| for the Period 1 May 2023 to 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| DPP Partners Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
| Turnover |
| Turnover represents services provided excluding disbursements and value added tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: |
| Freehold property | 2% Straight line basis |
| Fixtures and fittings | 10% Straight line basis |
| Computer equipment | 25% Straight line basis |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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. |
| DPP Partners Ltd (Registered number: 07918295) |
| Notes to the Financial Statements - continued |
| for the Period 1 May 2023 to 31 October 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 May 2023 |
| and 31 October 2024 |
| AMORTISATION |
| At 1 May 2023 |
| Charge for period |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 30 April 2023 |
| DPP Partners Ltd (Registered number: 07918295) |
| Notes to the Financial Statements - continued |
| for the Period 1 May 2023 to 31 October 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 May 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| Revaluations |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 May 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| Revaluation adjustments | ( |
) | ( |
) |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 30 April 2023 |
| Cost or valuation at 31 October 2024 is represented by: |
| Freehold |
| property |
| £ |
| Valuation in 2024 | 300,000 |
| Cost | 712,297 |
| 1,012,297 |
| The freehold property has been valued by the directors. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.24 | 30.4.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Within other debtors is £847,433 (2023: nil) owed from DPP Law LLP |
| DPP Partners Ltd (Registered number: 07918295) |
| Notes to the Financial Statements - continued |
| for the Period 1 May 2023 to 31 October 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.24 | 30.4.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.10.24 | 30.4.23 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 40,392 | 70,743 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.10.24 | 30.4.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number | Class | Nominal | 30.4.24 | 30.4.23 |
| value | £ | £ |
| 6 (2021:7) | Ordinary | £1 | 6 | 6 |
| 1 | Ordinary A shares | £1 | 1 | 1 |
| 1 | Ordinary C shares | £1 | 1 | 1 |
| 1 | Ordinary D shares | £1 | 1 | 1 |
| 1 | Ordinary E shares | £1 | 1 | 1 |
| 0 (2021:1) | Ordinary F shares | £1 | - | - |
| 1 | Ordinary G shares | £1 | 1 | 1 |
| 1 | Ordinary H share | £1 | 1 | 1 |
| 1 | Ordinary I shares | £1 | 1 | 1 |
| 18 (2021:21) | Redeemable shares | £1,000 | 18,000 | 18,000 |
| 18,013 | 18,013 |
| DPP Partners Ltd (Registered number: 07918295) |
| Notes to the Financial Statements - continued |
| for the Period 1 May 2023 to 31 October 2024 |
| 11. | RESERVES |
| Revaluation |
| reserve |
| £ |
| Revaluation during period |
| Deferred tax on revaluation | (75,000 | ) |
| Depreciation adjustment | 113,967 |
| At 31 October 2024 |
| 12. | POST BALANCE SHEET EVENTS |
| The trade of the company was transferred to DPP Law LLP with effect from 30 April 2024. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its seven ordinary shareholders. |
| 14. | SECURITY |
| The Bank holds a debenture dated 30 April 2014 against all assets of the company. The Bank also holds a legal charge dated 29 October 2015 against the company's trading premises at Pinnacle House, Stanley Road, Bootle, Liverpool, Merseyside, L20 7JF. |