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Company No: 10188885 (England and Wales)

# DELTOR HOLDINGS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

DELTOR HOLDINGS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

DELTOR HOLDINGS LIMITED

## BALANCE SHEET

As at 31 May 2025
DELTOR HOLDINGS LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,500,000 |  | 1,500,000
Investments | 4 | 1,800,000 |  | 1,800,000
|  | 3,300,000 |  | 3,300,000
Current assets |  |  |  |
Debtors |  |  |  |
- due within one year | 5 | 16,830 |  | 18,021
- due after more than one year | 5 | 26,939 |  | 175,832
Cash at bank and in hand |  | 6,901 |  | 6,593
|  | 50,670 |  | 200,446
Creditors: amounts falling due within one year | 6 | ( 30,000) |  | ( 51,055)
Net current assets |  | 20,670 |  | 149,391
Total assets less current liabilities |  | 3,320,670 |  | 3,449,391
Creditors: amounts falling due after more than one year | 7 | ( 1,170,557) |  | ( 1,284,686)
Provision for liabilities |  | ( 163,906) |  | ( 182,304)
Net assets |  | 1,986,207 |  | 1,982,401
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Fair value reserve |  | 690,885 |  | 690,885
Capital redemption reserve |  | 687,000 |  | 627,000
Profit and loss account |  | 608,222 |  | 664,416
Total shareholders' funds |  | 1,986,207 |  | 1,982,401

For the financial year ending 31 May 2025 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Deltor Holdings Limited (registered number: 10188885) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Mr S Shannon Director |

DELTOR HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
DELTOR HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Deltor Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Deltor Communications Limited Long Acre, Saltash Parkway, Saltash, PL12 6LZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

##### Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Properties are held at fair value at the date of valuation less subsequent depreciation and impairment.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
No depreciation is provided in respect of investment properties applying the fair value model.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 June 2024 | 1,500,000
As at 31 May 2025 | 1,500,000

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 June 2024 | 1,800,000
At 31 May 2025 | 1,800,000
Carrying value at 31 May 2025 | 1,800,000
Carrying value at 31 May 2024 | 1,800,000

The company holds 100% voting rights and shares in Deltor Communications Limited, a company incorporated in England and Wales. The principal activity of Deltor Communications Limited is printing.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Other debtors | 16,830 |  | 18,021
Debtors: amounts falling due after more than one year |  |  |
Amounts owed by Group undertakings | 26,939 |  | 175,832

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 30,000 |  | 51,055

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 557,557 |  | 611,686
Other creditors | 613,000 |  | 673,000
| 1,170,557 |  | 1,284,686

Bank borrowings are secured via a fixed and floating charge over company assets. A charge has been registered at Companies House.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
90 Ordinary shares of £ 1.00 each | 90 |  | 90
5 Ordinary A shares of £ 1.00 each | 5 |  | 5
5 Ordinary B shares of £ 1.00 each | 5 |  | 5
| 100 |  | 100

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Brought forward | 8,155 |  | 10,255
Advances to directors | 456 |  | 0
Repayments by directors | (1,101) |  | (2,100)
Carried forward | 7,510 |  | 8,155

No interest has been charged on the overdrawn directors loan account.