Delph Management Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12215153

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,068		2,047

			1,068		2,047
CURRENT ASSETS
Debtors	5	362,370		343,200
Cash at bank and in hand		8,389		92

		370,759		343,292
Creditors: Amounts Falling Due Within One Year	6	(368,825 )		(342,549 )

NET CURRENT ASSETS (LIABILITIES)			1,934		743

TOTAL ASSETS LESS CURRENT LIABILITIES			3,002		2,790

NET ASSETS			3,002		2,790

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			2,902		2,690

SHAREHOLDERS' FUNDS			3,002		2,790

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Delph Management Company Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Crocker

Director

10 July 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Delph Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12215153 . The registered office is 35 Ballards Lane, London, N3 1XW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33.33% Straight line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Delph Management Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	2,938

As at 31 December 2024	2,938

Depreciation
As at 1 January 2024	891
Provided during the period	979

As at 31 December 2024	1,870

Net Book Value
As at 31 December 2024	1,068

As at 1 January 2024	2,047

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by participating interests	345,024	321,626
Other debtors	17,346	21,574

	362,370	343,200

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Delph Management Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	89	5,787
Bank loans and overdrafts	-	9,470
Amounts owed to participating interests	366,547	323,828
Other creditors	1,900	3,400
Taxation and social security	289	64

	368,825	342,549

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

At the balance sheet date the company was due £345,024 (2023: £321,626) from companies under common control. This amount is included within other debtors due within one year. This balance is repayable on demand. No interest is being charged on the balance.

At the balance date the company owed £366,547 (2023: £323,828) to companies under common control. This amount is included within other creditors due within one year. This balance is repayable on demand. No interest is accruing on this balance.

During the period, management fees of £43,358 (2023: £178,423) were charged to companies under common control.

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