Company registration number 12341554 (England and Wales)
DAVID NEAL HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
DAVID NEAL HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DAVID NEAL HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
797,500
907,500
Investments
5
306,714
306,714
1,104,214
1,214,214
Current assets
Debtors
6
1,034,378
1,041,583
Cash at bank and in hand
6,780
159,377
1,041,158
1,200,960
Creditors: amounts falling due within one year
7
(3,147,284)
(3,030,430)
Net current liabilities
(2,106,126)
(1,829,470)
Net liabilities
(1,001,912)
(615,256)
Capital and reserves
Called up share capital
2,000
2,000
Share premium account
48,800
48,800
Profit and loss reserves
(1,052,712)
(666,056)
Total equity
(1,001,912)
(615,256)

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 July 2026 and are signed on its behalf by:
Mr Michael Zybutz
Director
Company registration number 12341554 (England and Wales)
DAVID NEAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

David Neal Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Price Bailey LLP, 3rd Floor, 24 Old Bond Street, London, W1S 4AP.

1.1
Accounting convention

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 a mounts 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.

1.2
Going concern

At the time of approving the financial statements, the directors have confirmed their intentions to continue to financially support the company, therefore there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

DAVID NEAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
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.

1.6
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 paymen ts 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. A m ounts 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.

1.7
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.

DAVID NEAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
3
4
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2024 and 30 September 2025
1,100,000
Amortisation and impairment
At 1 October 2024
192,500
Amortisation charged for the year
110,000
At 30 September 2025
302,500
Carrying amount
At 30 September 2025
797,500
At 30 September 2024
907,500
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
306,714
306,714

The company owns 100% of the share capital of a number of subsidiary companies which are not consolidated in these financial statements. The company, and the group headed by it, qualify as small under s383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

DAVID NEAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,034,378
1,035,486
Other debtors
-
0
6,097
1,034,378
1,041,583
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,170
1,731
Amounts owed to group undertakings
437,943
351,748
Taxation and social security
5,168
5,260
Other creditors
2,694,003
2,671,691
3,147,284
3,030,430
8
Related party transactions

Included in other creditors is an amount of £223,314 (2024: £223,403) due to Dental Design Limited, £194,185 (2024: £128,345) due to David Neal Hastings Limited and £2,500 (2024: £Nil) due to Smiling Arches Dental Lab Limited, 100% owned subsidiaries of the company.

Also included in other creditors is an amount of £17,944 (2024: £nil) due to Linksfield Properties Limited, a company related by virtue of common control.

Included in other debtors are amounts of £542,547 (2024: £529,257) due from David Neal Northampton Limited, and £491,832 (2024: £506,228) due from David Neal Eastbourne Limited, 100% owned subsidiaries of the company.

The loans bear no interest and there are no formal repayment terms attached.

9
Directors' transactions

Included in other creditors is an amount of £2,358,793 (2024: £2,456,623) due to the directors of the company, of which £1,200,000 bears interest at 10% per annum and £1,158,793 bears no interest. The balance represents a working capital loan and there are no formal terms of repayment.

Interest payable to the directors included in the profit and loss account for the year amounts to £120,000 (2024: £120,000).

10
Charges

There is a fixed and floating charge with Santander UK PLC dated 8/12/2023, covering all property and undertakings of the company, and a negative pledge.

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