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Registration number: 06554815

DCRB Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

DCRB Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

DCRB Limited

Company Information

Directors

Mr D Clark

Mr R Bourne

Company secretary

Mr D Clark

Registered office

Bridge House
41 Wincolmlee
Hull
East Yorkshire
HU2 8AG

 

DCRB Limited

(Registration number: 06554815)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

1,031,582

1,031,582

 

1,031,582

1,031,582

Current assets

 

Debtors

5

-

107,110

Cash at bank and in hand

 

867,328

376,685

 

867,328

483,795

Creditors: Amounts falling due within one year

6

(37,651)

(83,672)

Net current assets

 

829,677

400,123

Net assets

 

1,861,259

1,431,705

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,861,159

1,431,605

Shareholders' funds

 

1,861,259

1,431,705

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 July 2025 and signed on its behalf by:
 

.........................................
Mr R Bourne
Director

 

DCRB Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Bridge House
41 Wincolmlee
Hull
East Yorkshire
HU2 8AG
England

The principal place of business is:
William Wright Dock
Kingston upon Hull
HU3 4PG

These financial statements were authorised for issue by the Board on 18 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

DCRB Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

DCRB Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

1,031,582

1,031,582

Subsidiaries

£

Cost or valuation

At 1 January 2024

1,031,582

Provision

Carrying amount

At 31 December 2024

1,031,582

At 31 December 2023

1,031,582

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Dunston (Ship Repairs) Limited

William Wright Dock
Kingston upon Hull, HU3 6PG

England

Ordinary

100%

100%

Dunston (Electrical Services) Limited

William Wright Dock
Kingston upon Hull, HU3 6PG

England

Ordinary

100%

100%

Subsidiary undertakings

Dunston (Ship Repairs) Limited

The principal activity of Dunston (Ship Repairs) Limited is ship repairing.

Dunston (Electrical Services) Limited

The principal activity of Dunston (Electrical Services) Limited is dormant company.

 

DCRB Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

-

107,110

 

-

107,110

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

15,670

8,205

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

5,560

-

Other creditors

 

16,421

75,467

 

37,651

83,672

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

15,670

8,205

8

Related party transactions

Advantage has been taken under FRS102 Section 33.1A of the exemption available to groups of companies not to disclose transactions and balances involving wholly owned group companies.

Transactions with directors

2024

At 1 January 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

Mr R Bourne

Directors' loan

-

6,032

(6,032)

-

Mr D Clark

Directors' loan

-

4,298

(4,298)

-

 

DCRB Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

9

Parent and ultimate parent undertaking

The ultimate controlling party is the Directors.