REGISTERED NUMBER: 11156050 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2025

FOR

DEC (HB UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D E Carr FCCA

REGISTERED OFFICE:

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

REGISTERED NUMBER:

11156050 (England and Wales)

ACCOUNTANTS:

Honey Barrett Limited

Chartered Accountants

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

FIXED ASSETS

Tangible assets

5

466

141

Investments

6

415,888

304,730

416,354

304,871

CURRENT ASSETS

Debtors

7

9,764

-

Cash at bank

22,028

32,316

31,792

32,316

CREDITORS

Amounts falling due within one year

8

17,624

25,070

NET CURRENT ASSETS

14,168

7,246

TOTAL ASSETS LESS CURRENT LIABILITIES

430,522

312,117

CREDITORS

Amounts falling due after more than one year

9

(116,642

)

(124,163

)

PROVISIONS FOR LIABILITIES

11

(47,879

)

(19,794

)

NET ASSETS

266,001

168,160

CAPITAL AND RESERVES

Called up share capital

12

100

100

Non-distributable reserve

13

144,741

61,373

Retained earnings

121,160

106,687

SHAREHOLDERS' FUNDS

266,001

168,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

D E Carr FCCA - Director

1.	STATUTORY INFORMATION

DEC (HB UK) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

straight line over 3 years

All fixed assets are originally recorded at cost.

Financial instruments

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 asset of the entity after deducting all of its financial liabilities.

When the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Financial costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Unlisted investments

Unlisted investments have been measured at cost less impairment.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 May 2024

503

Additions

699

At 30 April 2025

1,202

DEPRECIATION

At 1 May 2024

362

Charge for year

374

At 30 April 2025

736

NET BOOK VALUE

At 30 April 2025

466

At 30 April 2024

141

6.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 1 May 2024

304,730

Fair value

111,158

At 30 April 2025

415,888

NET BOOK VALUE

At 30 April 2025

415,888

At 30 April 2024

304,730

Cost or valuation at 30 April 2025 is represented by:

Other

investment

£

Valuation in 2023

140,486

Valuation in 2024

(58,656

)

Valuation in 2025

111,158

Cost

222,900

415,888

It is not possible to measure the unlisted investments at fair value reliably and therefore these investments shall instead be measured at cost less impairment.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Director's current account

9,764

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 10)

17,534

22,594

Other creditors

90

112

Director's current account

-

2,364

17,624

25,070

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 10)

116,642

124,163

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

37,734

33,784

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

17,534

22,594

Amounts falling due between one and two years:

Other loans - 1-2 years

18,315

22,595

Amounts falling due between two and five years:

Other loans - 2-5 years

60,593

67,784

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

37,734

33,784

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

47,879

19,794

Deferred

tax

£

Balance at 1 May 2024

19,794

Provided during year

28,085

Balance at 30 April 2025

47,879

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Non-distrib

reserve

£

At 1 May 2024

61,373

Transfer

83,368

At 30 April 2025

144,741

14.	RELATED PARTY DISCLOSURES

The Director's loan account was overdrawn by £9,764 at the year end. This is interest free, unsecured and repayable on demand.

There was a loan interest charge of £22 (£409 - 2024) on the Director's loan account when it was in credit.