Dig Deep Challenges Limited

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

Registered number: 08591740

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		359		-

			359		-
CURRENT ASSETS
Debtors	5	10,565		5,168
Cash at bank and in hand		111,810		93,585

		122,375		98,753
Creditors: Amounts Falling Due Within One Year	6	(122,375 )		(98,753 )

TOTAL ASSETS LESS CURRENT LIABILITIES			359		-

NET ASSETS			359		-

Income and Expenditure Account			359		-

MEMBERS' FUNDS			359		-

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Dig Deep Challenges 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 Income and Expenditure Account.

On behalf of the board

Emily Carey

Director

22/09/2025

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

1. General Information

Dig Deep Challenges Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08591740 . The registered office is The Circle, 33 Rockingham Lane, Sheffield, S1 4FW.

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. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 5)

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Dig Deep Challenges Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	9,031
Additions	538
Disposals	(6,416 )

As at 31 December 2024	3,153

Depreciation
As at 1 January 2024	9,031
Provided during the period	179
Disposals	(6,416 )

As at 31 December 2024	2,794

Net Book Value
As at 31 December 2024	359

As at 1 January 2024	-

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	10,565	5,168

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Amounts owed to group undertakings	119,444	97,853
Other creditors	1,950	900
Taxation and social security	981	-

	122,375	98,753

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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Dig Deep Challenges Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Dig Deep (Africa) . Dig Deep (Africa) was incorporated in England. Copies of the group accounts may be obtained from the secretary, The Circle, 33 Rockingham Lane, Sheffield, England, S1 4FW . The ultimate controlling party is Dig Deep (Africa) .

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