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DPS Holdings Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 July 2022

Registration number: 11470251

 

DPS Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

DPS Holdings Limited

Company Information

Director

Mr D Silvera

Registered office

Ground Floor
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset
TA1 2PX

Accountants

Francis Clark LLP
Ground Floor
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset
TA1 2PX

 

DPS Holdings Limited

Balance Sheet

31 July 2022

Note

2022
£

2021
£

Fixed assets

 

Investment property

4

235,599

235,599

Current assets

 

Debtors

5

250

-

Cash at bank and in hand

 

1,502

5,308

 

1,752

5,308

Creditors: Amounts falling due within one year

6

(300,799)

(297,398)

Net current liabilities

 

(299,047)

(292,090)

Net liabilities

 

(63,448)

(56,491)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(63,548)

(56,591)

Shareholders' deficit

 

(63,448)

(56,491)

 

DPS Holdings Limited

Balance Sheet

31 July 2022

For the financial year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 28 August 2022
 

.........................................
Mr D Silvera
Director

   
     

Company Registration Number: 11470251

 

DPS Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 July 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset
TA1 2PX
United Kingdom

These financial statements were authorised for issue by the director on 28 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director, having made all necessary enquiries and given due consideration to the current operational and financial conditions and future outlook, is satisfied that the company will continue to meet its liabilities as they fall due and that the going concern basis of preparation remains appropriate for the foreseeable future being no less that 12 months from the date of approval of these accounts.

Key sources of estimation uncertainty

The director is satisfied, having considered the current financial position and performance of the company in light of the ongoing global challenges that the going concern assessment (which is a critical accounting judgement) remains appropriate. In making this assessment, the director has taken account (from the date of approval of these financial statements) of possible changes in income levels, in order to determine when, and to what extent any further cost management measures may need to be implemented.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of investment properties in the ordinary course of the company's activities, rentals are recognised in the period to which they relate.

 

DPS Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 July 2022

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Investment properties

2022
£

At 1 August

235,599

At 31 July

235,599

In the director's opinion the value of the investment property has not changed significantly from the original cost.

This class of assets has a current market value of £235,599 and a carrying historic cost of £235,599.

5

Debtors

2022
£

2021
£

Prepayments

250

-

250

-

 

DPS Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 July 2022

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Other creditors

299,399

296,098

Accruals and deferred income

1,400

1,300

300,799

297,398

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100