Designs By Daykin Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Designs By Daykin Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10533240 . The registered office is Wildes House Worksop Road, Clowne, Chesterfield, S43 4TD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: The disclosure requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b), 11.48(c), 12.26, 12.27, 12.29(a), 12.29(b), and 12.29A;

Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Wildes Group Limited. These consolidated financial statements are available from its registered office, Wildes House, Worksop Road, Clowne, Chesterfield, S43 4TD.

2.2. Going Concern Disclosure

The directors have a reasonable expectation that the group has adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements. In forming this view, the directors have considered the group’s latest forecasts and budgets for the periods ending 31 March 2027. These forecasts indicate that the group is expected to generate positive EBITDA in both the years ending 31 March 2026 and 31 March 2027.

Xeinadin Audit Limited have reviewed these forecasts as part of their audit work. The directors and shareholders have also confirmed their continued financial and operational support for the group. In addition, the group continues to hold significant assets which provide a strong financial base.

Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

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Designs By Daykin Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	18% on reducing balance
Computer Equipment	18% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.5. Leasing and Hire Purchase Contracts

As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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Designs By Daykin Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Government Grant

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.11. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.12. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 5)

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Designs By Daykin Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	92,101	3,454	95,555
Additions	24,646	-	24,646

As at 31 March 2025	116,747	3,454	120,201

Depreciation
As at 1 April 2024	31,194	2,112	33,306
Provided during the period	12,698	242	12,940

As at 31 March 2025	43,892	2,354	46,246

Net Book Value
As at 31 March 2025	72,855	1,100	73,955

As at 1 April 2024	60,907	1,342	62,249

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	24,865	4,757
Amounts owed by group undertakings	19,406	16,501
Amounts owed by participating interests	12,086	9,611
Other debtors	11,929	874

	68,286	31,743

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,201	2,321
Bank loans and overdrafts	2,987	2,847
Amounts owed to group undertakings	101,792	89,005
Amounts owed to participating interests	4,719	4,719
Other creditors	8,809	12,054
Taxation and social security	9,184	43,911

	131,692	154,857

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,069	5,057
Other creditors	-	9,000

	2,069	14,057

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Designs By Daykin Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

The following transactions were entered into with companies in which the directors held an interest:

During the year, £66,495 (net) was advanced to Wildes Branded Hotels Limited. At 31 March 2025, £11,218 (2024: - £77,713) was due to Wildes Branded Hotels Limited.

During the year, £nil was recharged to Epicurean Living Limited. At 31 March 2025, £9,611 (2024 - £9,611) was due from Epicurean Living Limited.

During the year, £4,719 creditor balance was transferred from Wildes Hotel Limited to Chester Hotel Holdings Limited. At 31 March 2025, £nil (2024 - £4,719) was due to Wildes Hotel Limited. At 31 March 2025, £4,719 (2024 - £nil) was due to Chester Hotel Holdings Limited.

During the year, £72,000 (net) was advanced from Van Dyk Limited. At 31 March 2025, £83,272.25 (2024 - £11,292.25) was due to Van Dyk Limited.

During the year, £2,905 (net) was advanced to Wildes Group Limited. At 31 March 2025, £19,406.02 (2023 - £16,501) was due from Wildes Group Limited.

During the year, £7,281 (net) was advanced from Bluebell Hotel Limited. At 31 March 2025, £7,281 (2024 - £nil) was due to Bluebell Hotel Limited.

During the year, £2,475 (net) was advanced to Crewe Hotel Trading Limited. At 31 March 2025, £2,475 (2024 - £nil) was due from Crewe Hotel Trading Limited.

10. Ultimate Parent Undertaking and Controlling Party

100% of the share capital of Designs By Daykin Limited is held by Wildes Group Limited. The registered office of Wildes Group Limited is Wildes House, Worksop Road, Clowne, Chesterfield, England, S43 4TD.

The ultimate controlling party of Wildes Group Limited is Mrs Caroline Wildes.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		73,955		62,249

			73,955		62,249
CURRENT ASSETS
Stocks		2,563		3,191
Debtors	5	68,286		31,743
Cash at bank and in hand		16,336		17,163

		87,185		52,097
Creditors: Amounts Falling Due Within One Year	6	(131,692 )		(154,857 )

NET CURRENT ASSETS (LIABILITIES)			(44,507 )		(102,760 )

TOTAL ASSETS LESS CURRENT LIABILITIES			29,448		(40,511 )

Creditors: Amounts Falling Due After More Than One Year	7		(2,069 )		(14,057 )

NET ASSETS/(LIABILITIES)			27,379		(54,568 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			27,378		(54,569 )

SHAREHOLDERS' FUNDS			27,379		(54,568)