DIM West Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14858786

DIM WEST LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

DIM WEST LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

DIM WEST LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	R Slabbert

Registered office	168 Church Road
	Hove
	East Sussex
	BN3 2DL

Accountants	UHY Hacker Young (S.E.) Limited
	Chartered accountants
	168 Church Road
	Hove
	East Sussex
	BN3 2DL

DIM WEST LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4	4,600,288	2,082,274
Investments	5	8,112	–
		-------------	-------------
		4,608,400	2,082,274

Current assets

Debtors	6	296,227	129,595
Cash at bank and in hand		106,839	550
		----------	----------
		403,066	130,145

Creditors: amounts falling due within one year	7	1,025,798		2,407,846
		-------------		-------------
Net current liabilities			622,732	2,277,701
			-------------	-------------
Total assets less current liabilities			3,985,668	( 195,427)

Creditors: amounts falling due after more than one year	8	3,201,000	–
		-------------	----------
Net assets/(liabilities)		784,668	( 195,427)
		-------------	----------

Capital and reserves

Called up share capital	1	1
Profit and loss account	784,667	( 195,428)
	----------	----------
Shareholders funds/(deficit)	784,668	( 195,427)
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DIM WEST LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 January 2026 , and are signed on behalf of the board by:

R Slabbert
Director

Company registration number: 14858786

DIM WEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

4. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost or valuation
At 1 April 2024	2,082,274	–	2,082,274
Additions	1,356,450	360	1,356,810
Revaluations	1,161,276	–	1,161,276
	-------------	----	-------------
At 31 March 2025	4,600,000	360	4,600,360
	-------------	----	-------------
Depreciation
At 1 April 2024	–	–	–
Charge for the year	–	72	72
	-------------	----	-------------
At 31 March 2025	–	72	72
	-------------	----	-------------
Carrying amount
At 31 March 2025	4,600,000	288	4,600,288
	-------------	----	-------------
At 31 March 2024	2,082,274	–	2,082,274
	-------------	----	-------------

5. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024	–
Additions	8,112
	-------
At 31 March 2025	8,112
	-------
Impairment
At 1 April 2024 and 31 March 2025	–
	-------

Carrying amount
At 31 March 2025	8,112
	-------
At 31 March 2024	–
	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	9,804	–
Other debtors	286,423	129,595
	----------	----------
	296,227	129,595
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	75,000	1,612,345
Trade creditors	339,256	324,362
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	73,000
Amounts due to connected companies	263,772	116,400
Other creditors	347,770	281,739
	-------------	-------------
	1,025,798	2,407,846
	-------------	-------------

Bank loans totalling £75,000 (2024: £1,612,345) are secured over the freehold properties held in the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,201,000	–
	-------------	----

Bank loans totalling £3,201,000 (2024: £Nil) are secured over the freehold properties held in the company.

9. Director's advances, credits and guarantees

The company owed the director £277,497 at 31 March 2025.