Silverfin false 31/03/2023 01/04/2022 31/03/2023 T H Freed 20/11/2017 J A Kennedy 01/07/1987 05 October 2023 The principal activity of the company continued to be that of property management. 00923592 2023-03-31 00923592 bus:Director1 2023-03-31 00923592 bus:Director2 2023-03-31 00923592 2022-03-31 00923592 core:CurrentFinancialInstruments 2023-03-31 00923592 core:CurrentFinancialInstruments 2022-03-31 00923592 core:ShareCapital 2023-03-31 00923592 core:ShareCapital 2022-03-31 00923592 core:RetainedEarningsAccumulatedLosses 2023-03-31 00923592 core:RetainedEarningsAccumulatedLosses 2022-03-31 00923592 core:OtherPropertyPlantEquipment 2022-03-31 00923592 core:OtherPropertyPlantEquipment 2023-03-31 00923592 bus:OrdinaryShareClass1 2023-03-31 00923592 2022-04-01 2023-03-31 00923592 bus:FullAccounts 2022-04-01 2023-03-31 00923592 bus:SmallEntities 2022-04-01 2023-03-31 00923592 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 00923592 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00923592 bus:Director1 2022-04-01 2023-03-31 00923592 bus:Director2 2022-04-01 2023-03-31 00923592 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 00923592 2021-04-01 2022-03-31 00923592 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 00923592 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 00923592 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00923592 (England and Wales)

DUDLEY SAMUEL & HARRISON (MANAGEMENT) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

DUDLEY SAMUEL & HARRISON (MANAGEMENT) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

DUDLEY SAMUEL & HARRISON (MANAGEMENT) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
DUDLEY SAMUEL & HARRISON (MANAGEMENT) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 96 128
96 128
Current assets
Debtors 5 195,909 203,612
Cash at bank and in hand 9,462 10,204
205,371 213,816
Creditors: amounts falling due within one year 6 ( 240,632) ( 249,077)
Net current liabilities (35,261) (35,261)
Total assets less current liabilities (35,165) (35,133)
Net liabilities ( 35,165) ( 35,133)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 35,265 ) ( 35,233 )
Total shareholder's deficit ( 35,165) ( 35,133)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dudley Samuel & Harrison (Management) Limited (registered number: 00923592) were approved and authorised for issue by the Director. They were signed on its behalf by:

J A Kennedy
Director

05 October 2023

DUDLEY SAMUEL & HARRISON (MANAGEMENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
DUDLEY SAMUEL & HARRISON (MANAGEMENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dudley Samuel & Harrison (Management) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business and is shown net of VAT.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 1,641 1,641
At 31 March 2023 1,641 1,641
Accumulated depreciation
At 01 April 2022 1,513 1,513
Charge for the financial year 32 32
At 31 March 2023 1,545 1,545
Net book value
At 31 March 2023 96 96
At 31 March 2022 128 128

5. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 191,604 199,059
Other debtors 4,305 4,553
195,909 203,612

6. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 236,274 245,760
Other taxation and social security 1,098 1,107
Other creditors 3,260 2,210
240,632 249,077

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 0.05 each 100 100

8. Ultimate controlling party

The ultimate parent undertaking is Oxford Street And Bond Street Properties Limited, a private company limited by shares incorporated in England and Wales. The registered office address of Oxford Street And Bond Street Properties Limited is at 35 Ballards Lane, London, N3 1XW.