| Dam Holdco Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements are prepared in Sterling, which is the functional currency of the company. Monitary amounts in these financial statements are rounded to the nearest £.
At the balance sheet date, the company held the following investments in subsidiary undertakings:
Adam Holdings (Leeds) Limited, registered office at Field Mill, Little Fountain Street, Morley, Leeds, LS27 9EN. The principal activity is the provision of holding company services. The company holds 531 ordinary alphabet shares, A-F, representing 100% of the issued share capital and 100% of the voting rights.
The company's immediate parent is IBSL Group Limited, incorporated in England and Wales. Its registered office is Unit 14 D, Double Row Delaval Trading Estate, Seaton Delaval, Whitley Bay, Northumberland, England, NE25 0QT.
The company's ultimate parent is Green Leaf Top co BV, incorporated in Belgium. Its registered office is 94 Box 201, Brusselsesteenweg, Merelbeke-Melle, 9090, Belgium.
The most senior parent entity producing publicly available financial statements is Green Leaf Top co BV.These financial statements are available upon request from Brusselsesteenweg 94 Bus 201 Melle, 9090, Belgium
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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Going concern |
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When preparing financial statements, the management shall make an assessment of the entity’s ability to continue as a going concern. The entity is a going concern unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management will take into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. When management is aware, in making its assessment of material uncertainties related to events or conditions that cast significant doubt upon the entity’s ability to continue as a going concern, the entity shall disclose those uncertainties.
When the entity does not prepare financial statements on a going concern basis, it shall disclose that fact, together with the basis on which it prepared the financial statements and the reason why the entity is not regarded as a going concern. |
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| 2 |
Audit information |
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The audit report is qualified. |
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Senior statutory auditor: |
Brian Laidlaw BA CA |
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Firm: |
Azets Audit Services |
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Date of audit report: |
23 December 2025 |
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2025 |
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2024 |
| £ |
£ |
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Audit fee |
5,000 |
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- |
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| 3 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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| 4 |
Investments |
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| Other |
| investments |
| £ |
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Cost |
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At 1 April 2024 |
1,083,250 |
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At 31 March 2025 |
1,083,250 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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290,749 |
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- |
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Other creditors |
- |
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177,642 |
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290,749 |
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177,642 |
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| 6 |
Related party transactions |
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The company has taken the exemption set out in FRS 102 from disclosing transactions with group companies. |
| 7 |
Controlling party |
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The company's immediate parent is IBSL Group Limited, incorporated in England and Wales. Its registered office is Unit 14 D, Double Row Delaval Trading Estate, Seaton Delaval, Whitley Bay, Northumberland, England, NE25 0QT.
The company's ultimate parent is Green Leaf Top co BV, incorporated in Belgium. Its registered office is 94 Box 201, Brusselsesteenweg, Merelbeke-Melle, 9090, Belgium.
The most senior parent entity producing publicly available financial statements is Green Leaf Top co BV.These financial statements are available upon request from Brusselsesteenweg 94 Bus 201 Melle, 9090, Belgium |
| 8 |
Other information |
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Dam Holdco Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Little Fountain Street |
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Field Mill |
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Morley |
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Leeds |
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LS27 9EN |
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| 9 |
Investments in subsidiary undertakings |
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At the balance sheet date, the company held the following investments in subsidiary undertakings: |
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Adam Holdings (Leeds) Limited, registered office at Field Mill, Little Fountain Street, Morley, Leeds, LS27 9EN. The principal activity is the provision of holding company services. The company holds 531 ordinary alphabet shares, A-F, representing 100% of the issued share capital and 100% of the voting rights. |
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The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group. |