DNA Leisure Holdings Limited
Registered number: 12145755
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 948,457 948,457
Investments 4 100 100
948,557 948,557
Current assets
Debtors 5 179,303 218,628
Cash at bank and in hand 169,654 17,812
348,957 236,440
Creditors: amounts falling due within one year 6 (66,371) (32,471)
Net current assets 282,586 203,969
Total assets less current liabilities 1,231,143 1,152,526
Creditors: amounts falling due after more than one year 7 (311,414) (347,974)
Provisions for liabilities - (47,600)
Net assets 919,729 756,952
Capital and reserves
Called up share capital 100 100
Profit and loss account 919,629 756,852
Shareholder's funds 919,729 756,952
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Eliaz
Director
Approved by the board on 25 October 2023
DNA Leisure Holdings Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Exemption from preparation of consolidated financial information
The financial statements contain information about DNA Leisure Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the exemption available under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover relates to the provision of services and revenue is recognised when the service is performed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Freehold Land and buildings
£
Cost
At 1 February 2022 948,457
At 31 January 2023 948,457
Net book value
At 31 January 2023 948,457
At 31 January 2022 948,457
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2022 100
At 31 January 2023 100
5 Debtors 2023 2022
£ £
Trade debtors 360 -
Amounts owed by group undertakings 178,943 218,628
179,303 218,628
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 24,000 -
Trade creditors 162 (1)
Taxation and social security costs 41,708 29,972
Other creditors 501 2,500
66,371 32,471
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 311,414 347,974
311,414 347,974
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 335,414 347,974
Bank Loans are secured over the freehold property owned by the company, incur interest at 3.3% and expire in August 2054.
9 Controlling party
The company is controlled by A Eliaz by virtue of his 100% shareholding in the company.
10 Other information
DNA Leisure Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Park Place
Newdigate Road
Harefield
Middlesex
UB9 6EJ
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