DELL TECHNOLOGIES DFS HOLDINGS LIMITED

Company number

03268522

Status

Active

Incorporation

1996-10-24

Last accounts made up

2025-01-31

Account category

FULL

Primary SIC

62020

Hubs

UK AI & Enterprise SaaS

Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PJE Chartered Accountants & Statutory Auditors

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Subsidiaries

• Dell DFS Holdings L.L.C. · 100% held · United States

Significant events

• “On 24 October 2023, the board of directors passed a resolution to reduce the company's share capital by £175,001 and reclassify this amount to distributable reserves.”
• “On 27 October 2023, the company declared an interim dividend of £195,700 as part of a restructuring project. This dividend was paid on 2 November 2023.”
• “On 5 December 2023, Dell DFS Corporation made a capital contribution of its shareholding in Dell DFS Group Holdings L.L.C., valued at £38,787,420, to Dell Technologies DFS Holdings Limited.”
• “On 12 December 2023, Dell DFS Corporation made a further capital contribution to the company, consisting of (i) cash equal to the fair market value of Dell DFS Holdings L.L.C., a subsidiary, amounting to £39,047,120 plus £1, in exchange for share capital and share premium.”
• “Also on 12 December 2023, the sole shareholder (Dell DFS Corporation) resolved to reduce the company's share premium account by £39,047,120, and the amount of this reduction was credited to distributable reserves (retained earnings).”
• “On 12 December 2023, Dell DFS Holdings Kft., a Tier 2 subsidiary of the company, made a cash gift of $48,950,000 (equivalent to £39,007,276) to Dell DFS Corporation, the company's parent. This transaction was accounted by the Company as a deemed dividend.”
• “In the UK, the Pillar Two legislation to implement both a domestic and multinational top-up tax was substantively enacted on 20 June 2023. The Dell Technologies Group... falls into the scope of the Pillar Two legislation with effect from 3 February 2024.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers