Registered number
09467315
Dapao Ltd
Filleted Accounts
31 March 2023
Dapao Ltd
Registered number: 09467315
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 50,054 104
Current assets
Debtors 4 22,901 22,901
Cash at bank and in hand 6,020,453 5,958,973
6,043,354 5,981,874
Creditors: amounts falling due within one year 5 (9,096) -
Net current assets 6,034,258 5,981,874
Net assets 6,084,312 5,981,978
Capital and reserves
Called up share capital 5 5
Profit and loss account 6,084,307 5,981,973
Shareholder's funds 6,084,312 5,981,978
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.
Dr J Nabet
Director
Approved by the board on 18 December 2023
Dapao Ltd
Notes to the Accounts
for the year ended 31 March 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).
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2022 104 - 104
Additions 49,950 - 49,950
At 31 March 2023 50,054 - 50,054
The company holds 20% or more of the share capital of the following companies:
Company Shares held Capital & Profit (loss)
Class % Reserves for the year
Medical Products & Services Ltd Ordinary 100 (1,057) 150,207
French Cosmetic Centre Ltd Ordinary 100 (9,711) (10,880)
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 13,001 13,001
Other debtors 9,900 9,900
22,901 22,901
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 9,096 -
6 Related party transactions
Medical Products & Services Ltd
Dapao Ltd is the parent company
During the year, Dapao Ltd received dividends for a total amount of £150,000 (2022: £183,000).
7 Controlling party
Dr J Nabet, the company Director, controls the company by virtue of his 100% shareholding.
8 Other information
Dapao Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Tenbury I - Brenchley House
School Road
Charing
Kent
TN27 0JW
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