Company Registration No. 02822363 (England and Wales)
D.A.R. Management Limited
Unaudited financial statements
for the year ended 31 December 2023
Pages for filing with the registrar
D.A.R. Management Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
D.A.R. Management Limited
Statement of financial position
As at 31 December 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
240,000
240,000
Current assets
Debtors
4
54,500
3,680
Cash at bank and in hand
564
64
55,064
3,744
Creditors: amounts falling due within one year
5
(54,662)
(1,632)
Net current assets
402
2,112
Net assets
240,402
242,112
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
240,400
242,110
Total equity
240,402
242,112

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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 and signed by the director and authorised for issue on 10 September 2024.
Victor Gaeta
Director
Company Registration No. 02822363
D.A.R. Management Limited
Notes to the financial statements
For the year ended 31 December 2023
2
1
Accounting policies
Company information

D.A.R. Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lincoln Road, Cressex Business Park, High Wycombe, Buckinghamshire, HP12 3RH.

1.1
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.

1.2
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, 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.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

 

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial.

D.A.R. Management Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
3
1.5
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.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2023
2022
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
240,000
240,000

 

4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
54,500
3,680

Trade debtors disclosed above are measured at amortised cost.

 

5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
54,662
1,632
D.A.R. Management Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
4
6
Controlling party

The ultimate controlling party is Victor Gaeta, by virtue of his shareholding.

7
Related party transactions
Transactions with related parties

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts owed to related parties
£
£
Companies in which Victor Gaeta is both director and shareholder
52,952
-

The following amounts were outstanding at the reporting end date:

2023
Balance
Amounts owed by related parties
£
Other related parties
54,500
2022
Balance
Amounts owed in previous period
£
Companies in which Victor Gaeta is both director and shareholder
3,680
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