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REGISTERED NUMBER: 11363610 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DMS COMMERCIAL UK LIMITED

DMS COMMERCIAL UK LIMITED (REGISTERED NUMBER: 11363610)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DMS COMMERCIAL UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: J Schreiber
D Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 11363610 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DMS COMMERCIAL UK LIMITED (REGISTERED NUMBER: 11363610)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Investment property 4 3,000,000 3,000,000

CURRENT ASSETS
Debtors 5 1,069,625 1,039,015
Cash at bank and in hand 514 15,554
1,070,139 1,054,569
CREDITORS
Amounts falling due within one year 6 (31,154 ) (30,585 )
NET CURRENT ASSETS 1,038,985 1,023,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,038,985

4,023,984

CREDITORS
Amounts falling due after more than one
year

7

(938,595

)

(953,124

)
NET ASSETS 3,100,390 3,070,860

CAPITAL AND RESERVES
Called up share capital 8 3,000,001 3,000,001
Retained earnings 9 100,389 70,859
SHAREHOLDERS' FUNDS 3,100,390 3,070,860

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

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

DMS COMMERCIAL UK LIMITED (REGISTERED NUMBER: 11363610)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 19 February 2024 and were signed on its behalf by:





J Schreiber - Director


DMS COMMERCIAL UK LIMITED (REGISTERED NUMBER: 11363610)

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

1. STATUTORY INFORMATION

DMS COMMERCIAL UK 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 3,000,000
NET BOOK VALUE
At 31 May 2023 3,000,000
At 31 May 2022 3,000,000

The director has confirmed that there is no significant change in the value of the properties

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by participating interests 1,069,625 1,039,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed to participating interests 13 13
Taxation and social security 7,364 6,855
Other creditors 23,777 23,717
31,154 30,585

DMS COMMERCIAL UK LIMITED (REGISTERED NUMBER: 11363610)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 938,595 953,124

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 929,386 929,386

Repayable by instalments
Bank loans more 5 yr by instal 9,209 23,738

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
3,000,001 Ordinary £1 3,000,001 3,000,001

9. RESERVES
Retained
earnings
£   

At 1 June 2022 70,859
Profit for the year 29,530
At 31 May 2023 100,389