Company registration number: 11603021

Dartington Crystal Holdings Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 9

Dartington Crystal Holdings Limited

(Registration number: 11603021)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investments	6	1,761,115	2,548,119
Current assets
Debtors	7	100,000	350,000
Cash at bank and in hand		-	541
		100,000	350,541
Creditors: Amounts falling due within one year	8	(1,219,126)	(1,467,608)
Net current liabilities		(1,119,126)	(1,117,067)
Total assets less current liabilities		641,989	1,431,052
Creditors: Amounts falling due after more than one year	8	(198,966)	(198,966)
Net assets		443,023	1,232,086
Capital and reserves
Called up share capital		77,264	77,264
Capital redemption reserve		2,046,034	2,046,034
Profit and loss account		(1,680,275)	(891,212)
Total equity		443,023	1,232,086

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 15 December 2025 and signed on its behalf by:
 

J H Hammond Director

Dartington Crystal Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dartington Crystal Town Park
School Lane
Torrington
Devon
EX38 7AN

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Summary of disclosure exemptions

The company has taken advantage of the exemption from preparing group accounts under Section 400 of The Companies Act 2006 as the company is a member of a UK group that prepares publicly available consolidated financial statements.

The company has also taken advantage of the exemption in FRS102 1.12(c) from disclosing transactions with the other members of the group.

Name of parent of group

These financial statements are consolidated in the financial statements of Dartington Crystal Group Limited.

The financial statements of Dartington Crystal Group Limited may be obtained from Linden Close, Torrington, EX38 7AN.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover recognition

Turnover comprises of dividends received from group companies and are recognised when the right to receive payment has been established.

Dartington Crystal Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more lilely than not to be recovered based on current or future taxable profit.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet

Investments

Investments in subsidiary companies are measured at cost less impairment. Whether an impairment is required is assessed by comparing the recoverable amount of the investment with the carrying value. The recoverable amount is the higher of the value in use and the net realisable value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Intercompany debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment.

Creditors

Intercompany creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dartington Crystal Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

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

Reserves

Called up share capital represents the nominal value of shares that have been issued.

Share premium account includes any premiums received on the issue of share capital. Transaction costs associated with the issuing of shares are deducted from the share premium.

Profit and loss account includes all current and prior period profits and losses.

Capital redemption reserve is a non-distributable reserve which records the nominal value of ordinary and preference shares repurchased by the company.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Dartington Crystal Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

3	Key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Investment carrying value

A key estimate in the accounts is the value of the investment in subsidiaries within the balance sheet. The directors have made an assessment that the value of this investment is impaired. There is a high degree of uncertainty and subjectivity in determining the value at which this investment should be stated. Forecasts have been prepared showing a return to profitability of the subsidiary company for the year to 31 December 2026. However, given the uncertainties at present alongside economic pressures in the UK impacting the subsidiary’s customers, the Directors have concluded that a conservative stance should be adopted and have used the underling net asset value of the subsidiary company.

4	Exceptional item

The company has recognised in its loss for the year an impairment of £Nil (2023 - £1,228,881) against the cost of the investment in its subsidiary undertaking, Dartington Crystal (Torrington) Limited.

5	Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

Dartington Crystal Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

6	Investments

	2024 £	2023 £
Investments in subsidiaries	1,761,115	2,548,119