REGISTERED NUMBER: 09232036 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DIGBETH & JEWELLERY QUARTER REGENERATION

COMPANY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

L C P Gray

REGISTERED OFFICE:

Suite A

1-3 Canfield Place

London

NW6 3BT

REGISTERED NUMBER:

09232036 (England and Wales)

ACCOUNTANTS:

Cameron Baum Hollander Limited

Suite A

1-3 Canfield Place

London

NW6 3BT

FIXED ASSETS

Property, plant and equipment

4

10,223,778

10,262,235

Investments

5

932,101

100

11,155,879

10,262,335

CURRENT ASSETS

Debtors

9,909,162

10,532,378

Cash at bank

9,269

19,516

9,918,431

10,551,894

CREDITORS

Amounts falling due within one year

397,606

1,686,545

NET CURRENT ASSETS

9,520,825

8,865,349

TOTAL ASSETS LESS CURRENT LIABILITIES

20,676,704

19,127,684

PROVISIONS FOR LIABILITIES

6

1,269,527

1,279,141

NET ASSETS

19,407,177

17,848,543

CAPITAL AND RESERVES

Called up share capital

102

102

Share premium

1,212,289

1,212,289

Retained earnings

18,194,786

16,636,152

SHAREHOLDERS' FUNDS

19,407,177

17,848,543

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

L C P Gray - Director

1.	STATUTORY INFORMATION

Digbeth & Jewellery Quarter Regeneration Company 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.

The financial statements are prepared in UK Pound Sterling, which is the functional currency of the company.

Turnover

Turnover represents licence fee income receivable, net of VAT.

Income is recognised on the production of invoices. The amount of revenue can be reliably measured. It is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at their historical cost less accumulated depreciation and accumulated impairment losses.

Depreciation is recognised to write off the cost of the assets less their residual values over their useful lives using the straight line method.

The company's policy is to review the remaining useful economic lives and residual values of tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining estimated useful economic life and residual value.

Fully depreciated tangible fixed assets are retained in the cost of tangible fixed assets and related accumulated depreciation until they are removed from service. In case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, charged or credited to the profit and loss account.

Assets not carried at fair value are also reviewed from impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying value exceeds its recoverable amount.

The recoverable amount is the higher of an asset's fair value less costs to sell and its value in use. Value in use is defined as the present value of the future pre-tax and interest cash flows obtainable as a result of the asset's continued use. The pre-tax and interest cash flows are discounted using a pre-tax discount rate that represents the current risk free market rate and risks inherent to the asset. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash generating units).

If the recoverable amount of each asset (or cash generating unit) is estimated to be lower than the carrying amount, the carrying amount is reduced to the recoverable amount. An impairment loss is recognised in the profit and loss account, unless the asset has been revalued when the amount is recognised in other comprehensive income to the extent of any previously recognised revaluation. Thereafter, any excess is recognised in profit and loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount, but only to the extent that the revised carrying value does not exceed the carrying value that would have been determined (net of depreciation) had no impairment loss been recognised in prior periods. Any reversal of an impairment loss is recognised in the profit and loss account.

Investments in subsidiaries

Fixed asset investments relate to shares in a subsidiary. These shares are held at cost less accumulated impairment losses as the fair value cannot be reliably determined.

An impairment loss would be recognised as a charge to the profit and loss account in the event that future economic benefits from the investment became uncertain or unlikely.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment properties

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents include cash on hand, demand deposits and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position.

Borrowings

Borrowings are recognised initially at the transaction price (present value of cash payable to the bank, including transaction costs). Borrowings are subsequently stated at amortised cost. Interest expense is recognised on the basis of the effective interest method and is included in finance costs.

Borrowings are classified as current liabilities unless the company has a right to defer settlement of the liability for at least 12 months after the reporting date.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 January 2024

10,489,175

Additions

17,974

At 31 December 2024

10,507,149

DEPRECIATION

At 1 January 2024

226,940

Charge for year

56,431

At 31 December 2024

283,371

NET BOOK VALUE

At 31 December 2024

10,223,778

At 31 December 2023

10,262,235

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

100

Additions

932,001

At 31 December 2024

932,101

NET BOOK VALUE

At 31 December 2024

932,101

At 31 December 2023

100

6.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

1,269,527

1,279,141

Deferred

tax

£

Balance at 1 January 2024

1,279,141

Provided during year

(9,614

)

Balance at 31 December 2024

1,269,527

7.	CONSOLIDATION

The company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption provided by S399 of the Companies Act 2006 not to prepare group accounts. The financial statements therefore presents information about the company as an individual undertaking and not about its group.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Digbeth & Jewellery Quarter Regeneration Company Limited for the year ended 31 December 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Digbeth & Jewellery Quarter Regeneration Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Digbeth & Jewellery Quarter Regeneration Company Limited and state those matters that we have agreed to state to the director of Digbeth & Jewellery Quarter Regeneration Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digbeth & Jewellery Quarter Regeneration Company Limited and its director for our work or for this report.

It is your duty to ensure that Digbeth & Jewellery Quarter Regeneration Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Digbeth & Jewellery Quarter Regeneration Company Limited. You consider that Digbeth & Jewellery Quarter Regeneration Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Digbeth & Jewellery Quarter Regeneration Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cameron Baum Hollander Limited

Suite A

1-3 Canfield Place

London

NW6 3BT

30 September 2025