Dragonfly Holdco Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC632878 (Scotland)

Dragonfly Holdco Limited

Financial Statements

for the period

10th June 2019 to 31st December 2019

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

to

4

Directors:

A W Bagshaw

Mrs V K Grant

Registered office:

4 Stafford Street

Edinburgh

United Kingdom

EH3 7AU

Registered number:

SC632878 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Investments

4

4,067,000

Creditors

Amounts falling due within one year

5

1,067,000

Net current liabilities

(1,067,000

)

Total assets less current liabilities

3,000,000

Capital and reserves

Called up share capital

1,000

Share premium

2,999,000

3,000,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2019 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th June 2020 and were signed on its behalf by:

Mrs V K Grant - Director

1.	Statutory information

Dragonfly Holdco Limited is a private company, limited by shares , registered in Scotland. 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Financial instruments

The following assets and liabilities are classified as financial instruments - directors' loans and other

loans.

Directors' loans (being repayable on demand) and other loans are measured at the undiscounted

amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss

is recognised in the Income Statement.

Taxation

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

Income and Retained Earnings, 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event

prior to the balance sheet date and that a payment will be required in settlement that can be estimated

reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The directors have considered the company's financial position for a period of 12 months from the date

of signing these financial statements and have reasonable expectation that the company has adequate

resources to continue in operational existence for the foreseeable future. Accordingly, they continue to

adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the period was NIL.

4.	Fixed asset investments

Shares in

group

undertakin

£

Cost

Additions

4,067,000

At 31st December 2019

4,067,000

Net book value

At 31st December 2019

4,067,000

5.

Creditors: amounts falling due within one year

£

Amounts owed to group undertakings

462,000

Other creditors

605,000

1,067,000

6.	Post balance sheet events

Since the year end, on 31st March 2020, an interim dividend for the year ended 31st December 2020

of £290.28 per 'A' share has been declared.

Since the year end, on 30th April 2020, an interim dividend for the year ended 31st December 2020 of

£23.97 per 'A' share has been declared.