Company No: 15356274 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.03.2026		31.03.2025
		£		£
Fixed assets
Investments	3	25,703,005		25,703,005
		25,703,005		25,703,005
Current assets
Debtors	4	70		70
Cash at bank and in hand		141,798		123,462
		141,868		123,532
Creditors: amounts falling due within one year	5	( 6,310,309)		( 8,562,805)
Net current liabilities		(6,168,441)		(8,439,273)
Total assets less current liabilities		19,534,564		17,263,732
Net assets		19,534,564		17,263,732
Capital and reserves
Called-up share capital	6	5,580,100		5,580,100
Profit and loss account		13,954,464		11,683,632
Total shareholders' funds		19,534,564		17,263,732

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Dicenco Limited (registered number: 15356274) were approved and authorised for issue by the Board of Directors on 08 July 2026. They were signed on its behalf by:

P A Dickinson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Dicenco Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Barton Manor, Bristol, BS2 0RL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £6,168,441. The Company is supported through loans from the directors and a third party creditor. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Year ended 31.03.2026		Period from 16.12.2023 to 31.03.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	31.03.2026
	£
Cost
At 01 April 2025	25,703,005
At 31 March 2026	25,703,005
Carrying value at 31 March 2026	25,703,005
Carrying value at 31 March 2025	25,703,005

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.03.2026
Dawson E&E Parts (Europe) Ltd	Unit 2 Barton Manor, Bristol, BR2 0RL, United Kingdom	Holding Company	Ordinary	100.00%

4. Debtors

	31.03.2026		31.03.2025
	£		£
Other debtors	70		70

5. Creditors: amounts falling due within one year

	31.03.2026		31.03.2025
	£		£
Amounts owed to directors	2,755,708		3,813,829
Accruals	4,080		4,080
Other creditors	3,550,521		4,744,896
	6,310,309		8,562,805

6. Called-up share capital

	31.03.2026		31.03.2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100
5,580,000 0.05% Preference shares of £ 1.00 each	5,580,000		5,580,000
	5,580,100		5,580,100

7. Related party transactions

Transactions with the entity's directors

	31.03.2026		31.03.2025
	£		£
Amounts owed to directors shown in Creditors (note 5)	2,755,708		3,813,829

The amounts are interest free and repayable on demand.