Die-Pat Holdings Limited - Accounts to registrar (filleted) - small 23.2
Die-Pat Holdings Limited - Accounts to registrar (filleted) - small 23.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| FOR |
| DIE-PAT HOLDINGS LIMITED |
| DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| DIE-PAT HOLDINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 161 Newhall Street |
| Birmingham |
| B3 1SW |
| DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584) |
| BALANCE SHEET |
| 31 DECEMBER 2022 |
| 2022 | 2021 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve | 8 |
| Other reserves | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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. |
| DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2022 |
| 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 |
| DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| 1. | STATUTORY INFORMATION |
| Die-Pat Holdings Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets to fair value. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Die-Pat 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. |
| Turnover |
| Turnover represents management charges, excluding value added tax, invoiced to subsidiaries. The revenue is recognised in the period that the management services are provided. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiaries are measured at fair value, with changes in fair value being recognised in other comprehensive income. Where revaluation does occur then an appropriate deferred tax provision is also recognised in respect of the potential future capital gain. The fair value is estimated using a valuation technique as deemed appropriate by the directors. |
| DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Current and deferred tax |
| Current tax, including UK corporation tax, is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and it results as stated in the financial statements that arise from inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. |
| Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expended to apply to the reversal of the timing differences. |
| Where items recognised in other comprehensive income and equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for year |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST OR VALUATION |
| At 1 January 2022 |
| and 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| Cost or valuation at 31 December 2022 is represented by: |
| Shares in |
| group |
| undertakings |
| £ |
| Valuation in 2014 | 1,039,685 |
| Valuation in 2015 | 175,000 |
| Valuation in 2016 | 25,000 |
| Valuation in 2020 | 150,000 |
| Cost | 460,315 |
| 1,850,000 |
| The shares in group undertakings were valued by the directors at their fair value at the year end. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| as | restated |
| £ | £ |
| Amounts owed by group companies |
| Deferred tax asset | 329 | 253 |
| Prepayments and accrued income |
| DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| as | restated |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Accrued expenses |
| 8. | RESERVES |
| Capital |
| Retained | redemption | Other |
| earnings | reserve | reserves | Totals |
| £ | £ | £ | £ |
| At 1 January 2022 | 2,553,542 |
| Profit for the year | - | - |
| At 31 December 2022 | 2,592,986 |
| Other reserves represent the cumulative effect of movements in the valuation of the company's investments in subsidiaries, net of deferred tax. |
| The balance at the year end consists of: |
| 2022 | 2021 |
| £ | £ |
| Revaluation gains | 1,389,685 | 1,389,685 |
| Deferred tax | (347,000) | (264,000) |
| 1,042,685 | 1,125,685 |
| 9. | CONTINGENT LIABILITIES |
| There is an unlimited cross guarantee given by Die-Pat Holdings Ltd with respect to bank liabilities of other group companies, Die-Pat Divisions Ltd and Vantage Products Ltd. At the year end there was contingent liabilities of £119,286 in this regard (2021: £192,904). |
| 10. | PARENT UNDERTAKING |
| The immediate and ultimate parent undertaking is Brander-Gleghorn Holdings Ltd |