Company registration number 13621664 (England and Wales)
DIAMOND CAT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
DIAMOND CAT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DIAMOND CAT LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
FIXED ASSETS
Investments
3
4,057,397
4,057,397
CURRENT ASSETS
-
-
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4
(761,156)
(204,631)
NET CURRENT LIABILITIES
(761,156)
(204,631)
TOTAL ASSETS LESS CURRENT LIABILITIES
3,296,241
3,852,766
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5
(3,293,528)
(3,852,309)
NET ASSETS
2,713
457
CAPITAL AND RESERVES
Called up share capital
18,496
18,496
Share premium account
81,506
81,506
Profit and loss reserves
(97,289)
(99,545)
TOTAL EQUITY
2,713
457
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
DIAMOND CAT LIMITED
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 15 July 2025
Mr A A Bojanowski
Director
Company registration number 13621664 (England and Wales)
DIAMOND CAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
ACCOUNTING POLICIES
Company information
Diamond Cat Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Heol Maendy, North Cornelly, Bridgend, CF33 4DD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
DIAMOND CAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2
EMPLOYEES
2024
2023
Number
Number
Total
1
1
3
FIXED ASSET INVESTMENTS
2024
2023
£
£
Shares in group undertakings and participating interests
61
61
Loans to group undertakings and participating interests
4,057,336
4,057,336
4,057,397
4,057,397
DIAMOND CAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
4
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Bank loans
221,524
37,950
Other creditors
539,632
166,681
761,156
204,631
5
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
£
£
Bank loans and overdrafts
221,524
Other creditors
3,293,528
3,630,785
3,293,528
3,852,309
Included within other creditors is a balance of £2,993,528 (2023 - £2,894,491) due to the companies subsidiaries.
6
DIRECTORS' TRANSACTIONS
Included within other creditors is a balance of £50,000 (2023 - £50,000) due to a director.
This balance is interest free and repayable on demand.