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REGISTERED NUMBER: 02080978 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DISTRICT & SUBURBAN HOLDINGS LIMITED

DISTRICT & SUBURBAN HOLDINGS LIMITED (REGISTERED NUMBER: 02080978)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

DISTRICT & SUBURBAN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: N M Mann
G M Mann



SECRETARY: G M Mann



REGISTERED OFFICE: Market House
21 Lenten Street
Alton
Hampshire
GU34 1HG



REGISTERED NUMBER: 02080978 (England and Wales)



ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG



BANKERS: HSBC Bank plc
102 Brompton Road
Knightsbridge
London
SW3 1JJ

DISTRICT & SUBURBAN HOLDINGS LIMITED (REGISTERED NUMBER: 02080978)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,750,000 1,750,000

CURRENT ASSETS
Debtors 5 2,197 3,545
Cash at bank 2,543,080 2,414,913
2,545,277 2,418,458
CREDITORS
Amounts falling due within one year 6 1,701,743 1,662,428
NET CURRENT ASSETS 843,534 756,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,593,534

2,506,030

PROVISIONS FOR LIABILITIES 91,615 91,615
NET ASSETS 2,501,919 2,414,415

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 1,101,031 1,101,031
Retained earnings 1,399,888 1,312,384
SHAREHOLDERS' FUNDS 2,501,919 2,414,415

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

DISTRICT & SUBURBAN HOLDINGS LIMITED (REGISTERED NUMBER: 02080978)

BALANCE SHEET - continued
31 MARCH 2023


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 21 November 2023 and were signed on its behalf by:





G M Mann - Director


DISTRICT & SUBURBAN HOLDINGS LIMITED (REGISTERED NUMBER: 02080978)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

District & Suburban Holdings 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,750,000
NET BOOK VALUE
At 31 March 2023 1,750,000
At 31 March 2022 1,750,000

DISTRICT & SUBURBAN HOLDINGS LIMITED (REGISTERED NUMBER: 02080978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 1998 217,646
Valuation in 1999 75,000
Valuation in 2005 225,000
Valuation in 2007 (150,000 )
Valuation in 2009 (100,000 )
Valuation in 2012 50,000
Valuation in 2013 175,000
Valuation in 2014 350,000
Valuation in 2015 100,000
Valuation in 2016 250,000
Cost 557,354
1,750,000

The director is of the opinion that the open market values of investment properties are similar to the valuations reflected above, although no independent valuations have been carried out.

The long leasehold property is held on a 999 year lease from 29 September 1985.

On a historical cost basis, long leasehold investment property would have been included in the sum of £302,875 and freehold investment property would have been included in the sum of £254,479.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 2,197 3,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 44,357 23,813
Social security and other taxes - 2,644
Other creditors 1,533,356 1,533,356
Directors' loan account 71,468 55,200
Accruals and deferred income 52,562 47,415
1,701,743 1,662,428

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

DISTRICT & SUBURBAN HOLDINGS LIMITED (REGISTERED NUMBER: 02080978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. RELATED PARTY DISCLOSURES

At the year end, there is an amount of £1,531,656 (2022: £1,531,656) owed by District & Suburban Holding Limited to Westfield Hotel Limited, a company with common shareholders.

In March 2023 HMRC provided clearance for a share for share exchange to enable Westfield Hotel Limited to become a wholly-owned subsidiary of District & Suburban Holding Limited. The shares were transferred in June 2023 and an inter-company dividend paid in November 2023 to eliminate the above debt.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DISTRICT & SUBURBAN HOLDINGS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of District & Suburban Holdings Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of District & Suburban Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of District & Suburban Holdings Limited and state those matters that we have agreed to state to the Board of Directors of District & Suburban Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that District & Suburban Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of District & Suburban Holdings Limited. You consider that District & Suburban Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of District & Suburban Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG


21 November 2023