Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-31false2021-06-01The principal activity of the company continued to be that of music artist management.33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06994302 2021-06-01 2022-05-31 06994302 2020-06-01 2021-05-31 06994302 2022-05-31 06994302 2021-05-31 06994302 c:Director2 2021-06-01 2022-05-31 06994302 d:PlantMachinery 2021-06-01 2022-05-31 06994302 d:PlantMachinery 2022-05-31 06994302 d:PlantMachinery 2021-05-31 06994302 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06994302 d:FurnitureFittings 2021-06-01 2022-05-31 06994302 d:FurnitureFittings 2022-05-31 06994302 d:FurnitureFittings 2021-05-31 06994302 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06994302 d:ComputerEquipment 2021-06-01 2022-05-31 06994302 d:ComputerEquipment 2022-05-31 06994302 d:ComputerEquipment 2021-05-31 06994302 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06994302 d:OwnedOrFreeholdAssets 2021-06-01 2022-05-31 06994302 d:CurrentFinancialInstruments 2022-05-31 06994302 d:CurrentFinancialInstruments 2021-05-31 06994302 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 06994302 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 06994302 d:ShareCapital 2022-05-31 06994302 d:ShareCapital 2021-05-31 06994302 d:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 06994302 d:RetainedEarningsAccumulatedLosses 2022-05-31 06994302 d:RetainedEarningsAccumulatedLosses 2021-05-31 06994302 c:FRS102 2021-06-01 2022-05-31 06994302 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 06994302 c:FullAccounts 2021-06-01 2022-05-31 06994302 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 06994302 2 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 06994302










D1ST MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2022

 
D1ST MANAGEMENT LIMITED
 

CONTENTS



Page
Balance Sheet
1
Notes to the Financial Statements
2 - 6


 
D1ST MANAGEMENT LIMITED
REGISTERED NUMBER: 06994302

BALANCE SHEET
AS AT 31 MAY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,937
7,258

Current assets
  

Debtors: amounts falling due within one year
 5 
1,601,848
1,537,361

Cash at bank and in hand
 6 
523
5,481

  
1,602,371
1,542,842

Creditors: amounts falling due within one year
 7 
(661,050)
(584,183)

Net current assets
  
 
 
941,321
 
 
958,659

  

Net assets
  
945,258
965,917


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 8 
945,158
965,817

  
945,258
965,917


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2023.



P Spiropoulos
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
D1ST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1.


General information

D1st Management Limited is a private company by shares, incorporated in England and Wales, registration number 06994302. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
D1ST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Straight line over 3 years.
Fixtures and fittings
-
Straight line over 5 years.
Computer equipment
-
Straight line over 3 years.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

  
2.8

Financial instruments

The Company only enters into basic financial instrument 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 related parties and investments in ordinary shares. 

 
2.9

Creditors

Short-term creditors are measured at the transaction price. 

Page 3

 
D1ST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Page 4

 
D1ST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2021
17,496
13,479
17,743
48,718


Additions
2,775
-
-
2,775



At 31 May 2022

20,271
13,479
17,743
51,493



Depreciation


At 1 June 2021
15,707
9,410
16,343
41,460


Charge for the year on owned assets
2,479
2,217
1,400
6,096



At 31 May 2022

18,186
11,627
17,743
47,556



Net book value



At 31 May 2022
2,085
1,852
-
3,937



At 31 May 2021
1,789
4,069
1,400
7,258


5.


Debtors

2022
2021
£
£


Trade debtors
8,787
20,860

Other debtors
1,593,061
1,516,501

1,601,848
1,537,361



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
523
5,481

Less: bank overdrafts
(3,453)
(12)

(2,930)
5,469


Page 5

 
D1ST MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
3,453
12

Trade creditors
20,883
22,016

Amounts owed to group undertakings
582,262
504,728

Other taxation and social security
28,544
31,517

Accruals and deferred income
25,908
25,910

661,050
584,183



8.


Reserves

Profit and loss account

The profit and loss reserve is made up of accumulated profit and loss less dividends.


9.


Related party transactions

At the year end, included within other debtors is an amount of £1,145,337 (2020: £1,090,082) due to the company from the director of the company. This amount is interest free.

 
Page 6