Company registration number 04533716 (England and Wales)
DATABARRACKS (UK) LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
DATABARRACKS (UK) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DATABARRACKS (UK) LTD
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
30 September 2022
Notes
£
£
£
£
Current assets
Debtors
4
1,000
1,000
Cash at bank and in hand
84,915
-
0
85,915
1,000
Creditors: amounts falling due within one year
5
(84,915)
-
0
Net current assets
1,000
1,000
Capital and reserves
-
-
Called up share capital
6
1,000
1,000

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 August 2024 and are signed on its behalf by:
P Groucutt
T Roberts
Director
Director
Company registration number 04533716 (England and Wales)
DATABARRACKS (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Databarracks (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Bridges Court, London, SW11 3BB.

1.1
Reporting period

The reporting date has been lengthened in order to bring it in line with the parent company accounting period. Therefore the comparative information is not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors have considered the company's transactions from the date of signing the accounts, and believe the company will continue to be solvent. Therefore the accounts have been prepared on a going concern basis.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

DATABARRACKS (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
3
3
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,000
1,000
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
84,915
-
0
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

DATABARRACKS (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
7
Audit report information
(Continued)
- 4 -
Senior Statutory Auditor:
Tracey Wickens
Statutory Auditor:
MGI Midgley Snelling LLP
Date of audit report:
19 August 2024
8
Related party transactions

The company has taken advantage of the exemption in FRS102.33.1A not to disclose transactions with wholly owned group companies. Details of where consolidated accounts can be obtained are included in note 9.

9
Parent company

Databarracks Limited, registered in Guernsey, is regarded by the directors as being the company's ultimate parent company. It also heads both the largest and the smallest group within which the subsidiary belongs and for which group accounts are prepared. The Consolidated Financial Statements can be obtained from the registered office of Databarracks Limited, located at Avenue House, St Julien's Avenue, St Peter Port, Guernsey, Channel Islands, GY1 1WA.

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