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REGISTERED NUMBER: 13502366 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 July 2023

for

DAS Holdco Ltd

DAS Holdco Ltd (Registered number: 13502366)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAS Holdco Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: D A Siviter





REGISTERED OFFICE: 97 Park Lane
Mayfair
London
W1K 7TG





REGISTERED NUMBER: 13502366 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

DAS Holdco Ltd (Registered number: 13502366)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,740,250 -

CURRENT ASSETS
Cash at bank and in hand 95 1,000

CREDITORS
Amounts falling due within one year 5 37,065 -
NET CURRENT (LIABILITIES)/ASSETS (36,970 ) 1,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,703,280

1,000

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 6 3,723,584 -
Retained earnings (21,304 ) -
SHAREHOLDERS' FUNDS 3,703,280 1,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 April 2024 and were signed by:





D A Siviter - Director


DAS Holdco Ltd (Registered number: 13502366)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

DAS Holdco Ltd 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.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

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 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST OR VALUATION
Additions 16,666
Revaluations 3,723,584
At 31 July 2023 3,740,250
NET BOOK VALUE
At 31 July 2023 3,740,250

DAS Holdco Ltd (Registered number: 13502366)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 July 2023 is represented by:

Interest
in
associate
£   
Valuation in 2023 3,723,584
Cost 16,666
3,740,250

The company acquired 25% of the issued share capital of Seven Capital Plc in May 2020 at par value of £16,666.

At the point of ownership the base value of the shares of Seven Capital Plc was based on the accounts to 30th September 2020 being £44,065,698. Since then the value of Seven Capital Plc has lifted and the last accounts to 30th September 2022 now show net assets of £59,026,701.

As such there is an increase over the base value of the shares of £14,961,003 of which 25% is attributable to DAS Holdco Limited, being £3,740,250.

The director has reflected this increase in the fair value of the shares of £3,740,250 in the year end accounts.
.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,936 -
Other creditors 35,129 -
37,065 -

6. RESERVES
Fair
value
reserve
£   
Fair value adjustment 3,723,584

At 31 July 2023 3,723,584

7. RELATED PARTY DISCLOSURES

At 31 July 2023 the company owed £33,959 (2022 - £nil) to the director.