Registration number: 09874966

DMG Commercial Finance Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 8

DMG Commercial Finance Limited

Company Information

Director

D M Gateshill

Registered office

Unit 18 Freemantle Business Centre 152 Millbrook Road East Southampton SO15 1JR

Accountants

Keith Powers FCA AIMS Accountants for Business13 Ambleside Botley Southampton SO30 2NS

DMG Commercial Finance Limited

(Registration number: 09874966)
Abridged Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	600	1,200
Tangible assets	5	1,200	-
		1,800	1,200
Current assets
Debtors		58,569	83,923
Cash at bank and in hand		37,586	3
		96,155	83,926
Creditors: Amounts falling due within one year		(38,317)	(38,500)
Net current assets		57,838	45,426
Total assets less current liabilities		59,638	46,626
Creditors: Amounts falling due after more than one year		(57,141)	(62,938)
Net assets/(liabilities)		2,497	(16,312)
Capital and reserves
Called up share capital	6	6,500	6,500
Retained earnings		(4,003)	(22,812)
Shareholders' funds/(deficit)		2,497	(16,312)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

DMG Commercial Finance Limited

(Registration number: 09874966)
Abridged Balance Sheet as at 30 April 2025

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 June 2025
 

......................................... D M Gateshill Director

DMG Commercial Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1	General information

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

The address of its registered office is:
Unit 18
Freemantle Business Centre
152 Millbrook Road East
Southampton
SO15 1JR

The principal place of business is:
Unit 18
Freemantle Business Centre
152 Millbrook Road East
Southampton
SO15 1JR

These financial statements were authorised for issue by the director on 25 June 2025.

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 abridged 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 abridged 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.

Revenue recognition

Revenue (comprising fees for the preliminary assessment; arrangement fees; and commissions) is accounted for on a cash received basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

DMG Commercial Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office furniture and equipment	25% straight line

Goodwill

'Licenses and franchise' represents amounts expended on purchase of the Franchise with ASC Partnership Limited

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Franchise fee paid	10%

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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

DMG Commercial Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

DMG Commercial Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 May 2024	600
At 30 April 2025	600
Amortisation
Carrying amount
At 30 April 2025	600
At 30 April 2024	1,200

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2024	5,189	5,189
Additions	1,799	1,799
At 30 April 2025	6,988	6,988
Depreciation
At 1 May 2024	5,189	5,189
Charge for the year	599	599
At 30 April 2025	5,788	5,788
Carrying amount
At 30 April 2025	1,200	1,200

DMG Commercial Finance Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	6,500	6,500	6,500	6,500

7	Related party transactions

The Company is under the control of the director, DM Gateshill, who owns 100% of the issued equity share capital.

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	11,908	12,102

Summary of transactions with other related parties

Included in other debtors is a loan to the director of £58,570 (2024: £83,922). The loan is unsecured, free of interest and has no fixed terms of repayment. It is anticipated that the loan will be repaid within nine months of the year end.

Except as otherwise disclosed in these accounts, there were no transactions with related parties requiring disclosure in terms of S1a of FRS102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, or the Companies Act, 2006.