DHD Self Storage Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05863267 (England and Wales)

Unaudited Financial Statements

For The Year Ended 28 February 2017

for

DHD Self Storage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D E Street

Mrs H S Orritt

Mr D J Mole

Mrs C S Street

SECRETARY:

Mrs H S Orritt

REGISTERED OFFICE:

The Stables

Church Walk

Daventry

Northamptonshire

NN11 4BL

REGISTERED NUMBER:

05863267 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

The Stables

Church Walk

Daventry

Northamptonshire

NN11 4BL

FIXED ASSETS

Intangible assets

4

500

500

Tangible assets

5

54,796

74,702

55,296

75,202

CURRENT ASSETS

Stocks

800

800

Debtors

6

74,069

65,694

Cash at bank and in hand

13,220

13,594

88,089

80,088

CREDITORS

Amounts falling due within one year

7

91,818

77,754

NET CURRENT (LIABILITIES)/ASSETS

(3,729

)

2,334

TOTAL ASSETS LESS CURRENT LIABILITIES

51,567

77,536

CREDITORS

Amounts falling due after more than one year

8

(15,858

)

(20,772

)

PROVISIONS FOR LIABILITIES

(10,960

)

(14,940

)

NET ASSETS

24,749

41,824

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

24,748

41,823

SHAREHOLDERS' FUNDS

24,749

41,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 22 May 2017 and were signed on its behalf by:

Mr D E Street - Director

Mr D J Mole - Director

Mrs H S Orritt - Director

Mrs C S Street - Director

1.	STATUTORY INFORMATION

DHD Self Storage 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.

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services

provided in the normal course of business, and is shown net of value added tax.

Intangible assets

Intangible assets are included at the historical cost value in the balance sheet. Amortisation is not provided as

it is believed the assets will not devalue.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation and any

impairment losses. No depreciation is charged in the period of acquisition.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2016

and 28 February 2017

500

NET BOOK VALUE

At 28 February 2017

500

At 29 February 2016

500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

94,633

Disposals

(12,537

)

At 28 February 2017

82,096

DEPRECIATION

At 1 March 2016

19,931

Charge for year

17,432

Eliminated on disposal

(10,063

)

At 28 February 2017

27,300

NET BOOK VALUE

At 28 February 2017

54,796

At 29 February 2016

74,702

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 March 2016

64,403

Transfer to ownership

(13,000

)

At 28 February 2017

51,403

DEPRECIATION

At 1 March 2016

5,688

Charge for year

14,679

Transfer to ownership

(7,516

)

At 28 February 2017

12,851

NET BOOK VALUE

At 28 February 2017

38,552

At 29 February 2016

58,715

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/17

29/2/16

£

£

Trade debtors

28,618

26,296

Amounts owed by group undertakings

36,687

33,115

Other debtors

8,764

6,283

74,069

65,694

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/17

29/2/16

£

£

Hire purchase contracts (see note 9)

5,119

5,954

Trade creditors

4,185

2,299

Taxation and social security

60,198

50,446

Other creditors

22,316

19,055

91,818

77,754

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/17

29/2/16

£

£

Hire purchase contracts (see note 9)

15,858

20,772

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

28/2/17

29/2/16

£

£

Net obligations repayable:

Within one year

5,119

5,954

Between one and five years

15,858

20,772

20,977

26,726

Non-cancellable operating

leases

28/2/17

29/2/16

£

£

Within one year

2,826

3,585

Between one and five years

930

3,135

3,756

6,720

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/17

29/2/16

value:

£

£

1

Ordinary

£1

1

1

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date there was a corporate guarantee between the company, its parent DDH Holdings

Limited and the bank amounting to £566,368 (at the balance sheet date) in relation to secured lending in DDH

Holdings Limited. This has now been satisfied.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of section 1A 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, as the company is a wholly owned

subsidiary of the group to which it is a party to the transactions.

13.	CONTROLLING PARTY

The company is a wholly owned subsidiary of DDH Holdings Limited whose registered office is The Stables,

Church Walk, Daventry, Northants, NN11 4BL.