Silverfin false 28/02/2023 01/03/2022 28/02/2023 Alexey Sorokin 18/02/2019 15 November 2023 Other research and experimental development on natural sciences and engineering. 11831652 2023-02-28 11831652 bus:Director1 2023-02-28 11831652 2022-02-28 11831652 core:CurrentFinancialInstruments 2023-02-28 11831652 core:CurrentFinancialInstruments 2022-02-28 11831652 core:ShareCapital 2023-02-28 11831652 core:ShareCapital 2022-02-28 11831652 core:RetainedEarningsAccumulatedLosses 2023-02-28 11831652 core:RetainedEarningsAccumulatedLosses 2022-02-28 11831652 core:OtherPropertyPlantEquipment 2022-02-28 11831652 core:OtherPropertyPlantEquipment 2023-02-28 11831652 2022-03-01 2023-02-28 11831652 bus:FullAccounts 2022-03-01 2023-02-28 11831652 bus:SmallEntities 2022-03-01 2023-02-28 11831652 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11831652 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11831652 bus:Director1 2022-03-01 2023-02-28 11831652 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-03-01 2023-02-28 11831652 2021-03-01 2022-02-28 11831652 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Company No: 11831652 (England and Wales)

DST RESEARCH LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

DST RESEARCH LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

DST RESEARCH LIMITED

COMPANY INFORMATION

For the financial year ended 28 February 2023
DST RESEARCH LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 28 February 2023
DIRECTOR Alexey Sorokin
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
England
United Kingdom
COMPANY NUMBER 11831652 (England and Wales)
CHARTERED ACCOUNTANTS Dixon Wilson
22 Chancery Lane
London
WC2A 1LS
DST RESEARCH LIMITED

BALANCE SHEET

As at 28 February 2023
DST RESEARCH LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 228 1,088
228 1,088
Current assets
Debtors 4 545 0
Cash at bank and in hand 5 1,401,314 872,125
1,401,859 872,125
Creditors: amounts falling due within one year 6 ( 168,516) ( 154,820)
Net current assets 1,233,343 717,305
Total assets less current liabilities 1,233,571 718,393
Net assets 1,233,571 718,393
Capital and reserves
Called-up share capital 100 100
Profit and loss account 1,233,471 718,293
Total shareholder's funds 1,233,571 718,393

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of DST Research Limited (registered number: 11831652) were approved and authorised for issue by the Director on 15 November 2023. They were signed on its behalf by:

Alexey Sorokin
Director
DST RESEARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
DST RESEARCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 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

DST Research 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 22 Chancery Lane, London, WC2A 1LS, England, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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 and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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. 3 years straight line

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 Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2022 2,579 2,579
At 28 February 2023 2,579 2,579
Accumulated depreciation
At 01 March 2022 1,491 1,491
Charge for the financial year 860 860
At 28 February 2023 2,351 2,351
Net book value
At 28 February 2023 228 228
At 28 February 2022 1,088 1,088

4. Debtors

2023 2022
£ £
Other debtors 545 0

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 1,401,314 872,125

6. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 163,476 150,314
Other creditors 5,040 4,506
168,516 154,820

7. Related party transactions

Transactions with the entity's director

Advances of £300 were made to the director (2022 - Nil). At the balance sheet date, the amount due from the director totalled £300 (2022 - Nil).