REGISTERED NUMBER: 11269714 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

DCMS Holdings Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

B J Collins

N J Davis

O C Cox

R J Ennis

E Hall

SECRETARY:

E Hall

REGISTERED OFFICE:

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

REGISTERED NUMBER:

11269714 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of comprehensive income and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DCMS Holdings Limited for the year ended 31 December 2025 which comprise the Profit and Loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of DCMS Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DCMS Holdings Limited and state those matters that we have agreed to state to the Board of Directors of DCMS Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DCMS Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DCMS Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DCMS Holdings Limited. You consider that DCMS Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DCMS Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

16 April 2026

FIXED ASSETS

Investments

4

23,603,858

24,189,157

Investment property

5

5,176,608

8,052,969

28,780,466

32,242,126

CURRENT ASSETS

Debtors

6

8,420,361

9,227,878

Cash at bank

196,301

346,798

8,616,662

9,574,676

CREDITORS

Amounts falling due within one year

7

(190,703

)

(294,467

)

NET CURRENT ASSETS

8,425,959

9,280,209

TOTAL ASSETS LESS CURRENT LIABILITIES

37,206,425

41,522,335

CREDITORS

Amounts falling due after more than one year

8

(32,204,200

)

(36,727,509

)

PROVISIONS FOR LIABILITIES

-

(15,458

)

NET ASSETS

5,002,225

4,779,368

CAPITAL AND RESERVES

Called up share capital

3,600

3,600

Retained earnings

4,998,625

4,775,768

SHAREHOLDERS' FUNDS

5,002,225

4,779,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

N J Davis - Director

1.	STATUTORY INFORMATION

DCMS Holdings 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about DCMS Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Listed investments

Listed investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Unlisted investments

Unlisted investments are valued at cost except for crypto currencies which are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

3,707,812

20,481,345

24,189,157

Additions

366,431

2,547,574

2,914,005

Disposals

-

(3,095,741

)

(3,095,741

)

Revaluations

-

(403,563

)

(403,563

)

At 31 December 2025

4,074,243

19,529,615

23,603,858

NET BOOK VALUE

At 31 December 2025

4,074,243

19,529,615

23,603,858

At 31 December 2024

3,707,812

20,481,345

24,189,157

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2025

-

(208,604

)

(208,604

)

Cost

4,074,243

19,738,219

23,812,462

4,074,243

19,529,615

23,603,858

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

8,052,969

Disposals

(2,876,361

)

At 31 December 2025

5,176,608

NET BOOK VALUE

At 31 December 2025

5,176,608

At 31 December 2024

8,052,969

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

-

30,400

Other debtors

80,665

110,998

80,665

141,398

Amounts falling due after more than one year:

Amounts owed by group undertakings

3,709,972

7,000,556

Amounts owed by participating interests

4,629,724

2,085,924

8,339,696

9,086,480

Aggregate amounts

8,420,361

9,227,878

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

114,190

150,000

Other creditors

76,513

144,467

190,703

294,467

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,973,250

3,469,500

Amounts owed to group undertakings

203,425

-

Other creditors

30,027,525

33,258,009

32,204,200

36,727,509

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,973,250

3,469,500

The bank loans were secured by a fixed and floating charge over the company's assets.

10.	RELATED PARTY DISCLOSURES

During the year, the company provided Timely Investments Limited with an interest free loan. Timely Investments Limited is a company in which B J Collins and N J Davis are directors. The amount at 31 December 2025 and included within amounts owed from participating interests was £4,622,724 (2024: £2,080,424).

During the year, the company provided Digital Vellum Limited with an interest free loan. Digital Vellum Limited is a company in which B J Collins and N J Davis are directors. The amount at 31 December 2025 and included within amounts owed from participating interests was £7,000 (2024: £5,500).

During the year, the company provided BCJC Property Limited with an interest free loan. BCJC Property Limited is a company in which B J Collins and N J Davis are directors. The amount outstanding at 31 December 2025 and included within amounts owed from group undertakings was £1,854,750 (2024: £1,486,250).

During the year, the company received an interest free loan from Ineversley Investments Limited. Ineversley Investments Limited is a company in which B J Collins, N J Davis and E Hall are directors. The amount outstanding at 31 December 2025 and included within amounts owed to group undertakings was £203,425 (2024: £nil).

During the previous year, the company provided Ineversley Investments Limited with an interest free loan. Ineversley Investments Limited is a company in which B J Collins, N J Davis and E Hall are directors. The amount outstanding at 31 December 2024 and included within amounts owed from group undertakings was £419,425..

During the year, the company provided EGCB Holdings Limited with an interest free loan. EGCB Holdings Limited is a company in which B J Collins, N J Davis and E Hall are directors. The amount outstanding at 31 December 2025 and included within amounts owed from group undertakings was £932,346 (2024: £2,582,083).

During the year, the company provided Bendito Holdings Limited with an interest free loan. Bendito Holdings Limited is a company in which B J Collins, N J Davis and E Hall are directors. The amount outstanding at 31 December 2025 and included within amounts owed from group undertakings was £195,983 (2024: £412,953).

During the year, the company provided Beartennis Ventures Limited with an interest free loan. Beartennis Ventures Limited is a company in which B J Collins, N J Davis and R J Ennis are directors. The amount outstanding at 31 December 2025 and included within amounts owed from group undertakings was £298,853 (2024: £1,598,305).

During the year, the company provided Outwood Ventures Limited with an interest free loan. Outwood Ventures Limited is a company in which B J Collins, N J Davis and E Hall are directors. The amount outstanding at 31 December 2025 and included within amounts owed from group undertakings was £428,040 (2024: £501,540).