REGISTERED NUMBER: 16298880 (England and Wales)

Financial Statements

for the Period 6 March 2025 to 31 December 2025

for

Dell Factor Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K J Freeman

M Mitchell

P S Robinson

A C Swindells

REGISTERED OFFICE:

Unit 1

Merrills Hall Lane

Wednesfield

Wolverhampton

West Midlands

WV11 3QW

REGISTERED NUMBER:

16298880 (England and Wales)

AUDITORS:

DKR Audit Services Ltd

36 Lichfield Street

Walsall

West Midlands

WS1 1TJ

FIXED ASSETS

Investments

4

1,059,214

CURRENT ASSETS

Debtors

5

40,786

CREDITORS

Amounts falling due within one year

6

250,000

NET CURRENT LIABILITIES

(209,214

)

TOTAL ASSETS LESS CURRENT LIABILITIES

850,000

CREDITORS

Amounts falling due after more than one year

7

750,000

NET ASSETS

100,000

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 6 August 2026 and were signed on its behalf by:

A C Swindells - Director

1.	STATUTORY INFORMATION

Dell Factor 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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements and that the activities of the subsidiary will be sufficient to support the entity. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements,

Preparation of consolidated financial statements

The financial statements contain information about Dell Factor 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

3,059,214

Impairments

(2,000,000

)

At 31 December 2025

1,059,214

NET BOOK VALUE

At 31 December 2025

1,059,214

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dell Factor Limited

Registered office: Unit 1 Merrills Hall Lane, Wednesfield, Wolverhampton, West Midlands, WV11 3QW

Nature of business: Wholesale plumbing distributors.

%

Class of shares:

holding

Ordinary

100.00

31.12.25

£

Aggregate capital and reserves

1,051,470

Profit for the year

347,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

40,786

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

250,000

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

750,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Gray BSc FCA (Senior Statutory Auditor)

for and on behalf of DKR Audit Services Ltd

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

10.	SHARE TRANSFER

During the year, the Company acquired the entire issued share capital of Dell Factor Limited, comprising 100 ordinary shares of £1 each, by way of a management buyout.

The liability recognised at the balance sheet date represents the deferred consideration payable in respect of the acquisition. Settlement of the long-term deferred consideration is not contractually fixed, and accordingly the timing of payment has not yet been determined.

During the year, a dividend was paid from Dell Factor Limited from historic reserves, resulting in an impairment to the carrying amount of the shares.