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Company No: 03484854 (England and Wales)

DIESCO HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

DIESCO HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

DIESCO HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
DIESCO HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 11,896 11,896
11,896 11,896
Current assets
Cash at bank and in hand 4 27,740 24,130
27,740 24,130
Creditors: amounts falling due within one year 5 ( 6,250) 0
Net current assets 21,490 24,130
Total assets less current liabilities 33,386 36,026
Net assets 33,386 36,026
Capital and reserves
Called-up share capital 6 23,928 23,928
Profit and loss account 9,458 12,098
Total shareholders' funds 33,386 36,026

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Diesco Holdings Limited (registered number: 03484854) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D S Cohen
Director

03 September 2024

DIESCO HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
DIESCO HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Diesco Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 11,896
At 31 March 2024 11,896
Carrying value at 31 March 2024 11,896
Carrying value at 31 March 2023 11,896

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 27,740 24,130

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 6,250 0

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
23,928 Ordinary shares of £ 1.00 each 23,928 23,928