ACCOUNTS - Final Accounts

Registered number: 16108076

DLP HANOVER LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

DLP HANOVER LIMITED

COMPANY INFORMATION

Directors	J. Hager
	M. I. Frenkel
	C. Kahn


Company secretary	S. H. Ollech


Registered number	16108076


Registered office	28 The Ridgeway
	London
	NW11 8TB


Independent auditors	Wilder Coe Ltd
	Chartered Accountants & Statutory Auditors
	1st Floor Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL

DLP HANOVER LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 4

DLP HANOVER LIMITED

REGISTERED NUMBER: 16108076

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£


Current assets
Debtors	4	29,600
Creditors: amounts falling due within one year	5	(32,130)
Net current liabilities			(2,530)
Total assets less current liabilities			(2,530)

Net liabilities			(2,530)

Capital and reserves
Allotted, called up and fully paid share capital			100
Profit and loss account			(2,630)
Equity shareholders' deficit			(2,530)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Directors' Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on
25 November 2025.

J. Hager

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

DLP HANOVER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

DLP Hanover Limited (company number: 16108076), having its registered office and trading address at 28 The Ridgeway, London, NW11 8TB, is a private limited company incorporated in England and Wales.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Functional and presentation currency

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Reporting period

This is the first accounting period of the Company which covers the date of incorporation on 20 November 2024 to 31 March 2025.

The following principal accounting policies have been applied:

2.2

Statement of Cash Flows

The Company has taken advantage of the exemptions in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

2.3

Going concern

At the period end, the Company had net liabilities of £2,530.
The Company retains the support of its parent company which itself has a healthy Balance Sheet. The directors of the Company are of the opinion that this support will continue.
The Company should, therefore, be able to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any Company placing reliance on other entities for financial support, the directors acknowledge that there can be no certainty that this support will continue, although at the date of approval of these financial statements, they have no reason to believe that it will not do so.
On this basis, the directors believe that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Page 2

DLP HANOVER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Financial instruments (continued)

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

2.6

Creditors

Short-term creditors are measured at the transaction price.

2.7

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Page 3

DLP HANOVER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the period was 2.

Debtors

					2025
					£

	Due within one year
	Other debtors	29,600

5.	Creditors: Amounts falling due within one year
		2025
		£

	Amounts owed to group undertakings	29,730
	Accruals and deferred income	2,400
		32,130

6.	Related party transactions
	The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 33.1A not to disclose transactions with group entities which are wholly owned by a member of the group.

7.	Consolidated parent undertaking

As at 31 March 2025 the ultimate parent undertaking and controlling party of the Company is Delapage Limited, a company limited by guarantee, and a registered charity incorporated in the United Kingdom.
Consolidated accounts may be obtained from the following address:
The Trustees
Delapage Limited
28 The Ridgeway
London
NW11 8TB

8.	Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2025 was unqualified.

The audit report was signed on 1 December 2025 by Chris Gent BA FCA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.

Page 4