REGISTERED NUMBER: 09012262 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DF HOLDINGS (SOUTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Fisher

N Hardcastle

M Weatherall

REGISTERED OFFICE:

Yarmouth House

1300 Parkway

Whiteley

Hampshire

PO15 7AE

REGISTERED NUMBER:

09012262 (England and Wales)

ACCOUNTANTS:

Robert Anthony ACA

36 Merdon Avenue

Chandlers Ford

Eastleigh

Hampshire

SO53 1EP

FIXED ASSETS

Tangible assets

4

2,530,002

1,639,523

Investments

5

20,000

20,000

2,550,002

1,659,523

CURRENT ASSETS

Debtors

6

260,962

269,058

Cash at bank

8,972

12,988

269,934

282,046

CREDITORS

Amounts falling due within one year

7

(738,505

)

(419,472

)

NET CURRENT LIABILITIES

(468,571

)

(137,426

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,081,431

1,522,097

CREDITORS

Amounts falling due after more than one year

8

(787,263

)

(159,409

)

PROVISIONS FOR LIABILITIES

(481,755

)

(409,881

)

NET ASSETS

812,413

952,807

CAPITAL AND RESERVES

Called up share capital

20,100

20,100

Retained earnings

792,313

932,707

SHAREHOLDERS' FUNDS

812,413

952,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

D Fisher - Director

1.	STATUTORY INFORMATION

DF Holdings (Southern) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about DF Holdings (Southern) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises the fair value of charges receivable excluding VAT, for the hire of plant, machinery and motor vehicles, virtually all of which is derived from the company's wholly-owned subsidiary, D F Groundworks Limited.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,677,354

Additions

1,672,375

Disposals

(805,090

)

At 31 March 2025

3,544,639

DEPRECIATION

At 1 April 2024

1,037,831

Charge for year

405,250

Eliminated on disposal

(428,444

)

At 31 March 2025

1,014,637

NET BOOK VALUE

At 31 March 2025

2,530,002

At 31 March 2024

1,639,523

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

1,138,338

Additions

1,564,643

Disposals

(63,200

)

Transfer to ownership

(561,427

)

At 31 March 2025

2,078,354

DEPRECIATION

At 1 April 2024

302,825

Charge for year

308,943

Eliminated on disposal

(21,337

)

Transfer to ownership

(232,241

)

At 31 March 2025

358,190

NET BOOK VALUE

At 31 March 2025

1,720,164

At 31 March 2024

835,513

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

20,000

At 31 March 2024

20,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

109,851

212,711

Other debtors

151,111

56,347

260,962

269,058

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

681,846

297,761

Taxation and social security

10,714

30,002

Other creditors

45,945

91,709

738,505

419,472

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

787,263

159,409

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

1,469,109

457,170

The hire purchase liabilities are secured against certain tangible fixed assets as shown in the note to the balance sheet.

10.	OTHER FINANCIAL COMMITMENTS

The company has given a guarantee to the bankers of its subsidiary company D F Groundworks Limited in respect of its loan, which at the year-end amounted to £249,167.

The company has entered into a cross-guarantee with its largest shareholder ABL Capital Investments Limited and its subsidiaries to jointly guarantee the hire purchase liabilities of that group of companies. At 31 March 2025 the amount of hire purchase liabilities so guaranteed was £1,296,639.

The company has also entered into an informal hire agreement in respect of a motor vehicle with the same group for £25,260 per annum.