REGISTERED NUMBER: 06396317 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DSM MANAGEMENT (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Middleton

D Middleton

SECRETARY:

S Middleton

REGISTERED OFFICE:

Unit 3, West Coppice Road

Brownhills

Walsall

West Midlands

WS8 7HB

REGISTERED NUMBER:

06396317 (England and Wales)

ACCOUNTANTS:

Astbury Accountants Limited

12 Northgate

Bridgnorth

Shropshire

WV16 4ER

FIXED ASSETS

Tangible assets

4

280

373

Investments

5

999

999

Investment property

6

240,000

240,000

241,279

241,372

CURRENT ASSETS

Cash at bank

-

766

CREDITORS

Amounts falling due within one year

7

187,077

182,459

NET CURRENT LIABILITIES

(187,077

)

(181,693

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,202

59,679

CREDITORS

Amounts falling due after more than one year

8

38,238

46,812

NET ASSETS

15,964

12,867

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

14,964

11,867

SHAREHOLDERS' FUNDS

15,964

12,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

D Middleton - Director

1.	STATUTORY INFORMATION

Dsm Management (Uk) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Dsm Management (Uk) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

42,334

DEPRECIATION

At 1 January 2024

41,961

Charge for year

93

At 31 December 2024

42,054

NET BOOK VALUE

At 31 December 2024

280

At 31 December 2023

373

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

999

NET BOOK VALUE

At 31 December 2024

999

At 31 December 2023

999

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

240,000

NET BOOK VALUE

At 31 December 2024

240,000

At 31 December 2023

240,000

Investment property was valued on an open market basis on 31 December 2017 by the directors.

In their opinion there has been no material change to this valuation since that date.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,576

8,730

Trade creditors

2,155

2,155

Amounts owed to group undertakings

45,777

42,419

Taxation and social security

-

825

Other creditors

129,569

128,330

187,077

182,459

Included in other creditors is an amount owing to the directors totalling £120,300 (2022 - £120,300). There are no fixed repayment terms and no interest has been charged.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

38,238

46,812

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

6,577

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

47,799

55,542

A first legal charge and debenture on freehold property known as Unit 3, Coppice Side Industrial Estate, Brownhills, Walsall and all other current and future assets exists in respect of secured debts in favour of Barclays Bank Plc.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.	CONTINGENT LIABILITIES

The company is a party to a cross guarantee and debenture with Middleton Traditional Joinery Limited, the subsidiary company, in respect of this company's mortgage loans, which amounted to £47,799 at the balance sheet date.

12.	RELATED PARTY DISCLOSURES

Middleton Traditional Joinery Limited

A subsidiary company.

Amount owed to Middleton Traditional Joinery Limited at 31 December 2024 of £45,777 (2023 - £42,419)

The amount owed to Middleton Traditional Joinery Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the Directors have given assurances that payment of this amount will not be demanded until such time DSM Management (UK) Limited can afford to do so without financial detriment.