21 November 2024 false No description of principal activity Taxfiler 2024.6 16096489 business:PrivateLimitedCompanyLtd 2024-11-21 2026-03-31 16096489 2024-11-20 16096489 2024-11-21 2026-03-31 16096489 business:AuditExemptWithAccountantsReport 2024-11-21 2026-03-31 16096489 business:FilletedAccounts 2024-11-21 2026-03-31 16096489 2026-03-31 16096489 core:WithinOneYear 2026-03-31 16096489 core:AfterOneYear 2026-03-31 16096489 core:ShareCapital core:PreviouslyStatedAmount 2026-03-31 16096489 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-03-31 16096489 core:PreviouslyStatedAmount 2026-03-31 16096489 business:SmallEntities 2024-11-21 2026-03-31 16096489 business:Director1 2024-11-21 2026-03-31 16096489 countries:EnglandWales 2024-11-21 2026-03-31 16096489 business:RegisteredOffice 2024-11-21 2026-03-31 iso4217:GBP xbrli:pure
Company Registration No. 16096489 (England and Wales)
Dgm Development (Cambridge) Ltd Unaudited accounts for the period from 21 November 2024 to 31 March 2026
Dgm Development (Cambridge) Ltd Statement of financial position as at 31 March 2026
2026
Notes
£
Current assets
Inventories
814,325
Debtors
4
5,350
Cash at bank and in hand
3,736
823,411
Creditors: amounts falling due within one year
5
(33,279)
Net current assets
790,132
Total assets less current liabilities
790,132
Creditors: amounts falling due after more than one year
6
(838,500)
Net liabilities
(48,368)
Capital and reserves
Called up share capital
4
Profit and loss account
(48,372)
Shareholders' funds
(48,368)
For the period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by
R McGregor Director Company Registration No. 16096489
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Dgm Development (Cambridge) Ltd Notes to the Accounts for the period from 21 November 2024 to 31 March 2026
1
Statutory information
Dgm Development (Cambridge) Ltd is a private company, limited by shares, registered in England and Wales, registration number 16096489. The registered office is 75 School Road, Runcton Holme, King's Lynn, Norfolk, PE33 0AN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2026
£
Amounts falling due within one year
VAT
406
Accrued income and prepayments
4,944
5,350
5
Creditors: amounts falling due within one year
2026
£
Trade creditors
25,076
Loans from directors
322
Accruals
7,881
33,279
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Dgm Development (Cambridge) Ltd Notes to the Accounts for the period from 21 November 2024 to 31 March 2026
6
Creditors: amounts falling due after more than one year
2026
£
Other creditors
838,500
7
Transactions with related parties
The company had an outstanding loan to Mr McGregor and his wife of £588,500 at the period end. This is included in other creditors in note 6. This loan is at an interest rate of 6.75% and repayable on demand. The company had an outstanding loan of £250,000 to RJM & Co Investments, which is a company owned 50% by Mr McGregor and his wife. This loan is at an interest rate of 5% and repayable on demand. During the period, the company had services provided by Kingfisher Project Developments Ltd, a company owned by Mr Davies to the value of £600,694.
8
Average number of employees
During the period the average number of employees was 2.
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