Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truetruetruetruetrue2023-02-01falseGenealogists74truetruefalse 07600209 2023-02-01 2024-01-31 07600209 2021-11-01 2023-01-31 07600209 2024-01-31 07600209 2023-01-31 07600209 1 2023-02-01 2024-01-31 07600209 d:Director3 2023-02-01 2024-01-31 07600209 c:PlantMachinery 2023-02-01 2024-01-31 07600209 c:PlantMachinery 2024-01-31 07600209 c:PlantMachinery 2023-01-31 07600209 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07600209 c:CurrentFinancialInstruments 2024-01-31 07600209 c:CurrentFinancialInstruments 2023-01-31 07600209 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 07600209 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 07600209 c:ShareCapital 2024-01-31 07600209 c:ShareCapital 2023-01-31 07600209 c:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 07600209 c:RetainedEarningsAccumulatedLosses 2024-01-31 07600209 c:RetainedEarningsAccumulatedLosses 2023-01-31 07600209 d:OrdinaryShareClass1 2023-02-01 2024-01-31 07600209 d:OrdinaryShareClass1 2024-01-31 07600209 d:OrdinaryShareClass1 2023-01-31 07600209 d:FRS102 2023-02-01 2024-01-31 07600209 d:Audited 2023-02-01 2024-01-31 07600209 d:FullAccounts 2023-02-01 2024-01-31 07600209 d:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07600209 d:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07600209 2 2023-02-01 2024-01-31 07600209 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07600209









DSRESEARCHERS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
DSRESEARCHERS LIMITED
REGISTERED NUMBER: 07600209

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,280
1,394

  
3,280
1,394

Current assets
  

Debtors: amounts falling due within one year
 5 
181,754
71,492

Cash at bank and in hand
 6 
7,313
50,981

  
189,067
122,473

Creditors: amounts falling due within one year
 7 
(227,134)
(132,461)

Net current liabilities
  
 
 
(38,067)
 
 
(9,988)

Total assets less current liabilities
  
(34,787)
(8,594)

  

Net liabilities
  
(34,787)
(8,594)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
(34,887)
(8,694)

  
(34,787)
(8,594)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.




S Wall
Director

The notes on pages 2 to 9 form part of these financial statements.

Page 1

 
DSRESEARCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

DSResearchers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 57 Main Street, Willerby, Hull, England, HU10 6BY. 
The principal activity of the company is that of genealogists services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Finders Genealogists Holdings Limited as at 31 January 2024 and these financial statements may be obtained from Companies House.

 
2.3

Going concern

The company has net current liabilities as at 31 January 2024. The company is supported by its group members, who continue to be profitable after the year end based on management information available. On this basis, the director is of the opinion that the company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. He therefore considers it appropriate to continue to prepare the financial statements on a going concern basis

Page 2

 
DSRESEARCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DSRESEARCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
DSRESEARCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Page 5

 
DSRESEARCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 4)

Page 6

 
DSRESEARCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 February 2023
6,700


Additions
2,905



At 31 January 2024

9,605



Depreciation


At 1 February 2023
5,306


Charge for the year on owned assets
1,019



At 31 January 2024

6,325



Net book value



At 31 January 2024
3,280



At 31 January 2023
1,394


5.


Debtors

2024
2023
£
£


Trade debtors
1,800
847

Amounts owed by group undertakings
178,805
70,000

Prepayments and accrued income
1,149
645

181,754
71,492



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,313
50,981


Page 7

 
DSRESEARCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
23
-

Amounts owed to group undertakings
210,000
119,832

Other taxation and social security
7,463
7,076

Other creditors
747
179

Accruals and deferred income
8,901
5,374

227,134
132,461



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


There is a single class of ordinary share. There are no restrictions on the distribution of dividends and the repayment of capital. 



9.


Reserves

Profit and loss account

The Profit and loss account consists of distributable reserves arising from cumulative historical profits and losses net of dividends and other adjustments.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,249 (2023 - £6,201). Contributions totalling £747 (2023 - £179) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

The company has taken advantage of the exemption, under FRS 102 paragraph 1.12 and paragraph 33.1A from disclosing transactions with key management and from disclosing other related party transactions as they are with other companies that are wholly owned within the group.

Page 8

 
DSRESEARCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

12.


Post balance sheet events

Subsequent to the year end, the group entered into a revolving credit facility secured by fixed and floating charges. An estimate of its financial effect cannot be made.


13.


Controlling party

During the year, a group re-organisation took place resulting in Finders International Holdings Limited no longer being the company's ultimate parent company. Finders Genealogists Holdings Limited is now considered to be the company's ultimate parent undertaking at the year end. The Company is included in the consolidated accounts prepared by Finders Genealogists Holdings Limited and copies of those can be obtained from Companies House.
Subsequent to the year end and prior to the signing of the accounts, Finders Genealogists Holdings Limited was acquired by India Topco Limited, which is now the ultimate controlling party


14.


Auditor's information

The auditor's report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 31 July 2024 by Adam Dodds (Senior statutory auditor) on behalf of Barnes Roffe LLP.

Page 9