REGISTERED NUMBER: 01853420 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2022 to 31 July 2023

for

Data Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B T R Scruby

P J M Wellington

SECRETARY:

A C Nolan

REGISTERED OFFICE:

The Barn

Hambleden Village

Henley on Thames

Oxfordshire

RG9 6RT

REGISTERED NUMBER:

01853420 (England and Wales)

ACCOUNTANT:

J N Flanagan ATT (Fellow)

The Granary,

Hones Yard,

1 Waverley Lane,

Farnham,

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

4

1,672,768

2,482,957

Investments

5

471,599

471,599

2,144,367

2,954,556

CURRENT ASSETS

Debtors

6

1,000,072

338,272

Cash at bank

1,072,096

365,000

2,072,168

703,272

CREDITORS

Amounts falling due within one year

7

566,609

744,975

NET CURRENT ASSETS/(LIABILITIES)

1,505,559

(41,703

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,649,926

2,912,853

PROVISIONS FOR LIABILITIES

330

434

NET ASSETS

3,649,596

2,912,419

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,649,496

2,912,319

SHAREHOLDERS' FUNDS

3,649,596

2,912,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 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 23 September 2023 and were signed on its behalf by:

B T R Scruby - Director

1.	STATUTORY INFORMATION

Data Financial Services 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost and 15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2022

2,496,198

100,966

2,597,164

Disposals

(813,723

)

-

(813,723

)

At 31 July 2023

1,682,475

100,966

1,783,441

DEPRECIATION

At 1 November 2022

15,524

98,683

114,207

Charge for period

1,615

549

2,164

Eliminated on disposal

(5,698

)

-

(5,698

)

At 31 July 2023

11,441

99,232

110,673

NET BOOK VALUE

At 31 July 2023

1,671,034

1,734

1,672,768

At 31 October 2022

2,480,674

2,283

2,482,957

In the opinion of the directors, the fair market value of the company's investment property is greater than its cost.

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 November 2022

and 31 July 2023

196,063

298,411

494,474

PROVISIONS

At 1 November 2022

and 31 July 2023

-

22,875

22,875

NET BOOK VALUE

At 31 July 2023

196,063

275,536

471,599

At 31 October 2022

196,063

275,536

471,599

The company's investments at the Balance Sheet date in the share capital of companies include the following wholly owned subsidiary:

Hamblebrook Developments Ltd

Country of Incorporation: England

Class of Shares: Ordinary

Holding: 100%

31.07.23 31.10.22

£ £

Aggregate Capital & Reserves 192,733 192,733

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.10.22

£

£

Amounts owed by group undertakings

-

334,410

Other debtors

1,000,072

3,862

1,000,072

338,272

The company made a Secured loan during the year of £1,000,000 to Teignmouth Maritime and Property Holdings Ltd. The loan is regarded as fully recoverable.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.10.22

£

£

Bank loans and overdrafts

-

5,130

Trade creditors

1

-

Amounts owed to group undertakings

204,576

204,576

Taxation and social security

90,888

56,564

Other creditors

271,144

478,705

566,609

744,975

8.	RELATED PARTY DISCLOSURES

A secured loan existed in the previous year to a family member of the director. The loan carried a full commercial rate of 3.5% above the bank base rate. The loan was settled in full in that year. Full recognition of the interest payable on this loan was included in those accounts.

The company has taken advantage of the exemption in FRS 8 from the requirement to disclose transactions with group companies.