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Registered number:
FOR THE YEAR ENDED 30 JUNE 2025
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DTD HOLDINGS LIMITED
COMPANY INFORMATION
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DTD HOLDINGS LIMITED
CONTENTS
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DTD HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The principal group activities are groundwork, civil engineering, design maintenance, fit out plant hire and recycling.
During the year we have continued to strengthen our position as a resilient and forward-looking business. We are continuing to invest in measures to support our operations and our long-term sustainable commitments. Including commitments to both our social, environmental and governance responsibilities.
All group operations have performed well during the year within their areas of expertise.
Groundwork & Civil Engineering The group successfully finalised several major contracts in the last quarter of the year. Their new projects had some start date delays which influenced the last quarter performance. The delayed projects commenced in July and August, and the group has a good workload going forward. There was continued plant investment across the year leading to reduced cost levels which contributed to the groups results. During the year the group successfully completed works on hospitals, business parks and schools and has major ongoing work for other schools and academies in 25/26. The LPL operation continues to be supported by the Corr Plant Operation with its investment in modern plant, to assist LPL in improving costs, emissions, and safety standards. Design & Build, Fitout & Facility Management The year to date has been active and demanding for this division of the group. There has been a lot of focus on delivering projects in the aviation sector, which has involved supporting our core customers in a diverse range of projects, ranging from large multi-phased schemes to one-off developments and ongoing periodic fabric and infrastructure renewal upgrades. We have also sought to expand our service offer to new customers, both within the aviation setting and more broadly within Healthcare and the Guilds of London, with a specific focus on schools and education. The scale and complexity of the work we have delivered in the previous 12 months has demonstrated the depth, capability and adaptability of our teams, and reinforced the benefits of our service offer - particularly in controlled and highly regulated environments. These attributes and skills will provide a valuable platform from which we seek to support our customers in major capital programmes in the year ahead, and more widely where our approach and skills are transferable - such as health and education, where we have secured opportunities to expand and diversify. The group will continue to be run from our head office facility, but we recognise the to need to support our customers more locally, and we have recently secured a permanent location from which our Manchester team will operate. The current workload within this division of the group is secured for the next 18 months.
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DTD HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Environmental, & Social Responsibilities
Environmental As in previous years the operation continues to invest with Corr Plant to ensure the civils operations have modern fuel-efficient plant to the levels to fulfil the expectations of our main contractors on the Civil side, which has been an integral part of our strategy for the business for several years. During 24/25 our Carbon Management Plan was successfully validated by the Science Based Targets Initiative, so we can ensure our carbon reporting framework going forward will remain realistic and achievable. We are continuing to embed circular construction principles across the operations with increasing emphasis on material reuse, waste minimisation and low impact construction methods, many of these with the support of the Corr Plant operation. Social As a locally rooted SME we remain committed to social responsibility and supporting the communities in which we operate. We continue to strengthen our local supply chain, prioritising regional procurement. Across the year, we have contributed to local employment, supported charitable initiatives and encouraged staff participation in community programmes.
The major risk as with all construction operations continues to be the current political uncertainty and the potential impact on construction project timings and costs for the future years.
This has caused several UK construction projects to be delayed with the risk this may continue into 25/26, although most of the delayed order book, within our operations have now commenced it is still considered a potential risk going forward. The availability of both skilled and unskilled employees has continued to be challenging within the operations, in particular the skill set required to work in a regulated environment. This alongside the increasing cost of the labour are challenging with future workload.
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DTD HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
The Group has invested further in the compliance department who have focused on maintaining or adding to our certifications and developing our management systems and extending our training programmes
ISO45001:2018 Health and Safety ISO9001: 2018 Quality Achilles UVDB Chas Elite Safe contractor Constructionline Gold Eco Vadis Corr Plant Limited are members of the RHA and CPA Future developments We are continuing to extend our employee development programmes including targeted training on environmental responsibilities, and sustainable construction practices to ensure LPL continue to move to the forefront of responsible, modern construction delivery. The company has placed orders in 24/25 to expand the low carbon fleet through investment in electric and hybrid vehicles strengthening our ability to reduce operational emissions which will be brought into operation 25/26. The civils operation in 25/26 the operation has commenced the delayed projects and is looking at an order book of £21 million for the year ahead. The Maintenance and Fit-out operation are gearing for their involvement in the Stansted airport expansion plan going forward for the next 2/3 years.
This report was approved by the board on 11 December 2025 and signed on its behalf.
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DTD HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The directors present their report and the financial statements for the year ended 30 June 2025.
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £2,062,287 (2024 - £1,457,663).
There were dividends of £250,000 declared in the year (2024 - £170,000). The directors do not propose a further final dividend.
The directors who served during the year were:
As a group we are focusing on the development of long term customer relations and the successful delivery of our projects.
We are also continuing to align our investment programme to minimise the environmental impact from our operations.
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DTD HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Before the year end Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.
This report was approved by the board on
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DTD HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DTD HOLDINGS LIMITED
We have audited the financial statements of DTD Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 30 June 2025, which comprise the Group Statement of comprehensive income, the Group and Company Balance sheets, the Group Statement of cash flows, the Group and Company Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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DTD HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DTD HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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DTD HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DTD HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
∙The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the relevant sector;
∙We focused on specific laws and regulations, which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and ISO standards;
∙We assessed the extent of compliance with laws and regulations identified above through making enquires of management and inspecting legal correspondence and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙Making enquires of management as to where they considered there was susceptibility to fraud, their knowledge of actual suspected and alleged fraud; and
∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙Performed analytical procedures to identify and unusual or unexpected relationships;
∙Tested journal entries to identify unusual transactions;
∙Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙Investigated the rationale behind significant or unusual transactions.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial statements, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect that those that arise from errors as they may involve deliberate concealment or collusion.
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DTD HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DTD HOLDINGS LIMITED (CONTINUED)
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
Leytonstone House
3 Hanbury Drive
London
E11 1GA
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DTD HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
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DTD HOLDINGS LIMITED
REGISTERED NUMBER: 12908675
CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2025.
The notes on pages 18 to 36 form part of these financial statements.
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DTD HOLDINGS LIMITED
REGISTERED NUMBER: 12908675
COMPANY BALANCE SHEET
AS AT 30 JUNE 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 18 to 36 form part of these financial statements.
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DTD HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
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DTD HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
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DTD HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
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DTD HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
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DTD HOLDINGS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 JUNE 2025
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
DTD Holdings Limited ("the Company") is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, England, E11 1GA .
The financial statements are presented in Sterling which is the functional currency of the Company. The principal activity of DTD Holdings Limited during the year was that of a holding company. The principal activity of Corr Plant Limited during the year continued to be that of renting and leasing of machinery, equipment and tangible goods. The principal activity of Loppingdale Plant Limited during the year continued to be that of groundwork, civil engineering, design maintenance and fit out operations. The principal activity of Corr Properties Limited during the year was that of rental income received from group companies.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
Where consideration for a subsidiary is an exchange of shares and only limited resources leave the Group, merger accounting has been used as permitted under FRS102 section 19. Accordingly, the financial information for the current and prior periods has been presented as if DTD Holdings Limited has always been the parent company of the Group.
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
The directors have reviewed the adoption of the going concern basis in the preparation of the accounts.
This has involved reviewing realistic and pessimistic scenarios for the Group profitability and liquidity. In view of the Group’s reserves position and in light of these forecasts the directors are therefore confident the company can continue in the most pessimistic scenario and it is appropriate to prepare the accounts on the going concern basis. Long term contracts are assessed on a contract by contract basis based on work certified and expected contract profitability. Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract at the balance sheet date. Where the outcome of a contract cannot be estimated reliably, revenue is only recognised to the extent that it is probable that it will be recoverable. Profit is only recognised on a construction contract when the final outcome can be assessed with reasonable certainty. Where the actual and estimated costs to completion exceed the estimated turnover for a contract, the full contract life loss is recognised immediately. Work in progress is valued at the lower of cost and estimated revenue less costs to complete. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
Provisions are charged as an expense to profit or loss in the year that the Group becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. When payments are eventually made, they are charged to the provision carried in the Balance sheet.
The Group 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, loans to related parties and investments in ordinary shares.
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 Consolidated statement of comprehensive income. 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
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
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 Group would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. Revenue recognition and profits on long term contracts The estimation technique used by the company in attributing profit on contracts to a particular accounting period is the preparation of forecasts on a contract by contract basis.These forecasts predict the most likely outcome of each contract based on a number of factors including technical and contractual requirements, progress to date, previous experience of similar projects, form of contract and of working with that particular client. The outcome, and therefore appropriate level of revenue to be recognised is therefore subject to a significant number of inter-related factors. Consistent contract review procedures are in place in respect of contract forecasting. Carrying value of trade debtors, amounts recoverable on contracts and other receivables The company makes an estimate of the recoverable value of trade debtors, amounts recoverable on contracts and other receivables. When assessing impairment of trade debtors, amounts recoverable on contracts and other receivables, management considers factors including the current credit rating of the trade debtors, the ageing profile of the trade debtors and historical experience. Allowance for doubtful debt and provisions against amounts due on construction contracts are made on a specific basis, based on estimates of irrecoverability determined by market knowledge and past experience.
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
An analysis of turnover by class of business is as follows:
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Page 25
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Page 26
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
12.Taxation (continued)
There were no factors that may affect future tax charges.
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Page 28
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
14.Intangible assets (continued)
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Page 30
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Page 31
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Page 32
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Obligations under finance lease and hire purchase contracts of £1,532,230 (2024 - £1,649,589) are secured on the assets that they relate to.
Bank loans are secured by a debenture and cross guarantee.
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Page 34
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Page 35
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DTD HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Merger Reserve
Profit and loss account
other adjustments.
The Group operates a number of defined contribution pension schemes for full time employees. The assets of the schemes are held separately from those of the Group in independently administered funds.
The pension cost charge represents contributions payable by the Group and amounted to £159,439 (2024 - £147,991). Group pension contributions outstanding at the balance sheet date amounted to £40,325 (2024 - £35,687) and are included within other creditors.
The company's ultimate controlling party is E B Corr.
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