Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr D Silvera 18/07/2018 09 September 2024 The principal activity of the company is property rental. 11470251 2024-07-31 11470251 bus:Director1 2024-07-31 11470251 2023-07-31 11470251 core:CurrentFinancialInstruments 2024-07-31 11470251 core:CurrentFinancialInstruments 2023-07-31 11470251 core:ShareCapital 2024-07-31 11470251 core:ShareCapital 2023-07-31 11470251 core:RetainedEarningsAccumulatedLosses 2024-07-31 11470251 core:RetainedEarningsAccumulatedLosses 2023-07-31 11470251 core:ComputerEquipment 2023-07-31 11470251 core:ComputerEquipment 2024-07-31 11470251 bus:OrdinaryShareClass1 2024-07-31 11470251 2023-08-01 2024-07-31 11470251 bus:FilletedAccounts 2023-08-01 2024-07-31 11470251 bus:SmallEntities 2023-08-01 2024-07-31 11470251 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11470251 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11470251 bus:Director1 2023-08-01 2024-07-31 11470251 core:ComputerEquipment core:TopRangeValue 2023-08-01 2024-07-31 11470251 2022-08-01 2023-07-31 11470251 core:ComputerEquipment 2023-08-01 2024-07-31 11470251 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 11470251 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11470251 (England and Wales)

DPS HOLDINGS LIMITED

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

DPS HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

DPS HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
DPS HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR Mr D Silvera
REGISTERED OFFICE Ground Floor Blackbrook Gate 1
Blackbrook Business Park
Taunton
TA1 2PX
United Kingdom
COMPANY NUMBER 11470251 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
DPS HOLDINGS LIMITED

BALANCE SHEET

As at 31 July 2024
DPS HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 151 258
Investment property 4 450,000 417,767
450,151 418,025
Current assets
Cash at bank and in hand 189 2,315
189 2,315
Creditors: amounts falling due within one year 5 ( 461,057) ( 475,411)
Net current liabilities (460,868) (473,096)
Total assets less current liabilities (10,717) (55,071)
Net liabilities ( 10,717) ( 55,071)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 10,817 ) ( 55,171 )
Total shareholder's deficit ( 10,717) ( 55,071)

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

Director's responsibilities:

The financial statements of DPS Holdings Limited (registered number: 11470251) were approved and authorised for issue by the Director on 09 September 2024. They were signed on its behalf by:

Mr D Silvera
Director
DPS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
DPS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

DPS 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 Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

Notwithstanding the net current liabilities of £460,868 (2023: £473,096) the director has continued to adopt the going concern basis of accounting. The director has confirmed willingness to support the company for the foreseeable future (being not less than 12 months from approval of the financial statements), and is also expecting future profits sufficient to enable the company to meet its liabilities.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental of investment properties in the ordinary course of the company's activities, rentals are recognised in the period to which they relate.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 3 years straight line
Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 August 2023 320 320
At 31 July 2024 320 320
Accumulated depreciation
At 01 August 2023 62 62
Charge for the financial year 107 107
At 31 July 2024 169 169
Net book value
At 31 July 2024 151 151
At 31 July 2023 258 258

4. Investment property

Investment property
£
Valuation
As at 01 August 2023 417,767
Fair value movement 32,233
As at 31 July 2024 450,000

At 31 July 2024 the fair value of the properties in the financial statements were considered by the director based on knowledge of the properties and associated trends in the local property market.

In the opinion of the director, this class of assets has a current market value of £450,000 (2023:£417,767) and a carrying historic cost of £417,767 (2023:£417,767).

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 458,298 473,811
Accruals 1,600 1,600
Taxation and social security 1,159 0
461,057 475,411

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100