Company No: 14368423 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr D Holland
	Mrs W Holland

REGISTERED OFFICE	Westgate House
	44 Hale Road
	Altrincham
	WA14 2EX
	United Kingdom

COMPANY NUMBER

14368423 (England and Wales)

CHARTERED ACCOUNTANTS	PM+M Solutions for Business LLP
	New Century House
	Greenbank Technology Park
	Challenge Way
	Blackburn
	BB1 5QB

	Note	2025		2024
		£		£
Current assets
Debtors
- due within one year	4	20,215,177		9,883,889
- due after more than one year	4	2,482,583		70,000
		22,697,760		9,953,889
Creditors: amounts falling due within one year	5	( 20,948,111)		( 9,567,624)
Net current assets		1,749,649		386,265
Total assets less current liabilities		1,749,649		386,265
Net assets		1,749,649		386,265
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,749,549		386,165
Total shareholders' funds		1,749,649		386,265

For the financial year ending 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of DWH Finance Limited (registered number: 14368423) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

Mr D Holland Director

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

DWH Finance 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 Westgate House, 44 Hale Road, Altrincham, WA14 2EX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents interest income and fees on amounts receivable from loans advanced. Interest income is calculated using contracted interest rates which are payable annually over the length of the loan. Other fee income is recognised at the point when these fees become applicable to a specific loan agreement, for example on arrangement or at the point of customer default.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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 likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, which are described in note 1, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the financial year in which the estimate is revised if the revision affects only that financial year, or in the financial year of the revision and future financial years if the revision affects both current and future financial years.

The directors do not consider that any critical judgements have been made in the application of the Company's accounting policies and no key sources of estimation uncertainty have been identified that have a significant risk of causing a material misstatement to the carrying amount of assets and liabilities within the financial year.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Amounts owed by Group undertakings	100		100
Accrued income	0		193,007
Other debtors	20,215,077		9,690,782
	20,215,177		9,883,889
Debtors: amounts falling due after more than one year
Other debtors	2,482,583		70,000

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	578		0
Amounts owed to Group undertakings	19,456,162		9,436,262
Accruals	3,887		2,640
Taxation and social security	444,461		128,722
Payments received on account	6,081		0
Other creditors	1,036,942		0
	20,948,111		9,567,624

6. Related party transactions

The parent entity in the group

During the period no amounts were advanced from The Holland 2022 Discretionary Settlement. The amount due to the related party at 31 March 2025 is £4,449,329 (2024: £4,449,329). The loan is interest free, unsecured and repayable on demand.

DWH FIC Limited

A company of which Mr D Holland and Mrs W Holland are directors and shareholders. The amount due to the related party at 31 March 2025 is £13 (2024: £1,969,292 due from the related party). The loan is subject to interest at 7% per annum which is accrued on a daily basis. The loan is unsecured and repayable on demand.

DWH Property Limited

A company of which Mr D Holland and Mrs W Holland are directors and shareholders. The amount due from the related party at 31 March 2025 is £1,993,859 (2024: £2,721,491). The loan is subject to interest at 7% per annum which is accrued on a daily basis. The loan is unsecured and repayable on demand.

DWH Family Investco Limited

A company under common control. During the period invoices were paid and received on behalf of DWH Finance Limited by DWH Family Investco. The amount due to this related party at 31 March 2025 is £15,006,819 (2024: £4,986,919). The loan is unsecured, interest free and repayable on demand.