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Company No: 15356274 (England and Wales)

DICENCO LIMITED

Unaudited Financial Statements
For the financial period from 16 December 2023 to 31 March 2025
Pages for filing with the registrar

DICENCO LIMITED

Unaudited Financial Statements

For the financial period from 16 December 2023 to 31 March 2025

Contents

DICENCO LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
DICENCO LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 31.03.2025
£
Fixed assets
Investments 3 25,703,005
25,703,005
Current assets
Debtors 4 70
Cash at bank and in hand 123,462
123,532
Creditors: amounts falling due within one year 5 ( 8,562,805)
Net current liabilities (8,439,273)
Total assets less current liabilities 17,263,732
Net assets 17,263,732
Capital and reserves
Called-up share capital 6 5,580,100
Profit and loss account 11,683,632
Total shareholders' funds 17,263,732

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dicenco Limited (registered number: 15356274) were approved and authorised for issue by the Board of Directors on 11 July 2025. They were signed on its behalf by:

P A Dickinson
Director
DICENCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 16 December 2023 to 31 March 2025
DICENCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 16 December 2023 to 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Dicenco Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Barton Manor, Bristol, BS2 0RL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

These accounts have been prepared for the long period of account from 16 December 2023 to 31 March 2025 due to incorporation in the period. There are no comparatives available.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Period from
16.12.2023 to
31.03.2025
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Fixed asset investments

Investments in subsidiaries

31.03.2025
£
Cost
At 16 December 2023 0
Additions 25,703,005
At 31 March 2025 25,703,005
Carrying value at 31 March 2025 25,703,005

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.03.2025
Dawson E&E Parts (Europe) Ltd Unit 2 Barton Manor, Bristol, BR2 0RL, United Kingdom Holding Company Ordinary 100.00%

4. Debtors

31.03.2025
£
Other debtors 70

5. Creditors: amounts falling due within one year

31.03.2025
£
Amounts owed to directors 3,813,829
Accruals 4,080
Other creditors 4,744,896
8,562,805

6. Called-up share capital

31.03.2025
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100
5,580,000 0.05% Preference shares of £ 1.00 each 5,580,000
5,580,100

7. Related party transactions

Transactions with the entity's directors

31.03.2025
£
Amounts owed to directors shown in Creditors note 5 3,813,829

The amounts are interest free and repayable on demand.