DGB1998 Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11950870 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

DGB1998 HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D G Brown

REGISTERED OFFICE:

2 Ferry House

Far Sawrey

Ambleside

Cumbria

LA22 0LZ

REGISTERED NUMBER:

11950870 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Investments

4

3,395,924

3,404,809

CURRENT ASSETS

Debtors

5

2,797,177

2,775,790

Cash at bank and in hand

30,559

16,864

2,827,736

2,792,654

CREDITORS

Amounts falling due within one year

6

72,714

72,369

NET CURRENT ASSETS

2,755,022

2,720,285

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,150,946

6,125,094

CREDITORS

Amounts falling due after more than one year

7

5,292

15,666

NET ASSETS

6,145,654

6,109,428

CAPITAL AND RESERVES

Called up share capital

8

100

Share premium

5,498,000

Fair value reserve

(632,237

)

(602,750

)

Retained earnings

1,279,791

1,214,078

SHAREHOLDERS' FUNDS

6,145,654

6,109,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 October 2025 and were signed by:

D G Brown - Director

1.	STATUTORY INFORMATION

DGB1998 Holdings 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about DGB1998 Holdings 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.

Revenue recognition

Dividends received are measured at the fair value of the consideration receivable and is recognised when the shareholder’s right to receive payment is established, it is probable that the economic benefits associated with the dividend will flow to the entity, and the amount of the dividend can be measured reliably. This is typically the date on which the dividend is declared by the investee company.

Interest income receivable is recognised as it accrues, using the effective interest method.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Going concern

The director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

Fixed asset investments

Investments in another entity's equity shares are measured at fair value, unless it is an unlisted investment whose fair value cannot be reliably measured, in which case it is measured at cost less impairment.

Changes in fair value are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

31/1/25

31/1/24

as restated

£

Shares in group undertakings

1,070,000

Other investments not loans

2,325,924

2,334,809

3,395,924

3,404,809

Additional information is as follows:

Shares in

group

Listed

Unlisted

undertakings

investments

Totals

£

COST OR VALUATION

At 1 February 2024

1,458,000

1,711,573

323,236

3,492,809

Additions

-

84,963

174,328

259,291

Disposals

-

(177,863

)

(32,299

)

(210,162

)

Revaluations

-

(30,727

)

(27,287

)

(58,014

)

Reclassification/transfer

-

(24,998

)

24,998

-

At 31 January 2025

1,458,000

1,562,948

462,976

3,483,924

PROVISIONS

At 1 February 2024

and 31 January 2025

388,000

-

388,000

NET BOOK VALUE

At 31 January 2025

1,070,000

1,562,948

462,976

3,095,924

At 31 January 2024

1,070,000

1,711,573

323,236

3,104,809

Investments (neither listed nor unlisted) were as follows:

31/1/25

31/1/24

as restated

£

Cost/valuation b/f

300,000

-

Additions

-

300,000

Market value of listed investments as at 31 January 2025 - £1,562,948

Market value of unlisted investments as at 31 January 2025 - £462,976

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

as restated

£

Amount owed from related

parties

2,620,245

2,597,556

Tax

796

5,891

Deferred tax asset

167,136

163,343

Prepayments and accrued income

9,000

2,797,177

2,775,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

as restated

£

Bank loans and overdrafts

10,374

10,119

Accrued expenses

62,340

62,250

72,714

72,369

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/1/25

31/1/24

as restated

£

Bank loans - 1-2 years

5,292

10,375

Bank loans - 2-5 years

-

5,291

5,292

15,666

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/25

31/1/24

value:

as restated

£

10,002

Ordinary

£0.01

100

9.	RELATED PARTY DISCLOSURES

Brindle Homes Limited is deemed a related party. Included in debtors as at 31 January 2025 is an amount of £2,497,245 (2024: £1,817,245) due from Brindle Homes Limited. The loan is deemed repayable on demand and no interest has been charged.

The David Brown Discretionary Settlement Trust is deemed a related party. Included in debtors as at 31 January 2025 is an amount of £123,000 (2024: £211,000) due from The David Brown Discretionary Settlement Trust. The loan is deemed repayable on demand and no interest has been charged.