Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsefalseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10502039 2023-01-01 2023-12-31 10502039 2022-01-01 2022-12-31 10502039 2023-12-31 10502039 2022-12-31 10502039 c:Director1 2023-01-01 2023-12-31 10502039 d:FreeholdInvestmentProperty 2023-12-31 10502039 d:FreeholdInvestmentProperty 2022-12-31 10502039 d:CurrentFinancialInstruments 2023-12-31 10502039 d:CurrentFinancialInstruments 2022-12-31 10502039 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10502039 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10502039 d:ShareCapital 2023-12-31 10502039 d:ShareCapital 2022-12-31 10502039 d:RetainedEarningsAccumulatedLosses 2023-12-31 10502039 d:RetainedEarningsAccumulatedLosses 2022-12-31 10502039 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10502039 c:OrdinaryShareClass1 2023-12-31 10502039 c:OrdinaryShareClass1 2022-12-31 10502039 c:OrdinaryShareClass2 2023-01-01 2023-12-31 10502039 c:OrdinaryShareClass2 2023-12-31 10502039 c:OrdinaryShareClass2 2022-12-31 10502039 c:OrdinaryShareClass3 2023-01-01 2023-12-31 10502039 c:OrdinaryShareClass3 2023-12-31 10502039 c:OrdinaryShareClass3 2022-12-31 10502039 c:FRS102 2023-01-01 2023-12-31 10502039 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10502039 c:FullAccounts 2023-01-01 2023-12-31 10502039 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10502039









DMG INVESTMENTS (UK NO.1) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DMG INVESTMENTS (UK NO.1) LIMITED
REGISTERED NUMBER: 10502039

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
426,103
426,103

Current assets
  

Cash at bank and in hand
 5 
2,276
7,244

  
2,276
7,244

Creditors: amounts falling due within one year
 6 
(389,434)
(403,430)

Net current liabilities
  
 
 
(387,158)
 
 
(396,186)

  

Net assets
  
38,945
29,917


Capital and reserves
  

Called up share capital 
  
1,100
1,100

Profit and loss account
  
37,845
28,817

  
38,945
29,917


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 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.
 
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DMG INVESTMENTS (UK NO.1) LIMITED
REGISTERED NUMBER: 10502039
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.




D J Godden
Director

The notes on pages 3 to 5 form part of these financial statements.

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DMG INVESTMENTS (UK NO.1) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

DMG Investments (UK No.1) Limited ("the Company") is a Company Limited by shares, incorporated in England and Wales. It's registered office is 3 Blackwall Trading Estate, Lanrick Road, London, United Kingdom, E14 0JP.
The principal activity of the company is that of a property investment company

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is measured at the fair value of consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the Company and value added taxes.
The Company’s source of revenue is from rental income from investment properties. Revenue is recognised in the accounting period in which the services are rendered.

 
2.3

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.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

  
2.5

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. 

  
2.6

Creditors

Short-term creditors are measured at the transaction price. 

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DMG INVESTMENTS (UK NO.1) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.7

Financial instruments

The Company only enters into basic financial instrument 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 related parties and investments in ordinary shares.

  
2.8

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds

  
2.9

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 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
426,103



At 31 December 2023
426,103









5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,276
7,244


Page 4

 
DMG INVESTMENTS (UK NO.1) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
38

Amounts owed to group undertakings
385,900
400,900

Corporation tax
2,534
1,492

Accruals and deferred income
1,000
1,000

389,434
403,430



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100
500 (2022 - 500) Ordinary B shares of £1.00 each
500
500
500 (2022 - 500) Ordinary C shares of £1.00 each
500
500

1,100

1,100

Ordinary shares have full rights with respect to voting. These shares have no rights to dividends or distributions.
Ordinary B and C shares have full rights with respect to dividends and distributions. These shares have no voting rights.



8.


Related party transactions

At the year end the company owed its parent undertaking £385,900 (2022 - £400,900).


9.


Controlling party

The ultimate parent entity is DMG Investments Group Limited. The accounts of DMG Investments Group Limited can be obtained from the Registrar of Companies at Companies House, Crown Way, Cardiff, CF14 3UZ.

 
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