REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2024 |
for |
Data Financial Services Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2024 |
for |
Data Financial Services Limited |
Data Financial Services Limited (Registered number: 01853420) |
Contents of the Financial Statements |
for the Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Data Financial Services Limited |
Company Information |
for the Year Ended 31 July 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Data Financial Services Limited (Registered number: 01853420) |
Balance Sheet |
31 July 2024 |
31.7.24 | 31.7.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Data Financial Services Limited (Registered number: 01853420) |
Balance Sheet - continued |
31 July 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Data Financial Services Limited (Registered number: 01853420) |
Notes to the Financial Statements |
for the Year Ended 31 July 2024 |
1. | STATUTORY INFORMATION |
Data Financial Services Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 August 2023 |
Additions |
At 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
In the opinion of the directors, the fair market value of the company's investment property is greater than its cost. |
Data Financial Services Limited (Registered number: 01853420) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 August 2023 |
and 31 July 2024 | 494,474 |
PROVISIONS |
At 1 August 2023 |
and 31 July 2024 | - | 22,875 | 22,875 |
NET BOOK VALUE |
At 31 July 2024 | 471,599 |
At 31 July 2023 | 471,599 |
The company's investments at the Balance Sheet date in the share capital of companies include the following wholly owned subsidiary: |
Hamblebrook Developments Ltd |
Country of Incorporation: England |
Class of Shares: Ordinary |
Holding: 100% |
31.07.24 31.07.23 |
£ £ |
Aggregate Capital & Reserves 192,720 192,733 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.7.23 |
£ | £ |
Other debtors |
The company made a Secured loan during the year of £1,000,000 to Teignmouth Maritime and Property Holdings Ltd. The loan is regarded as fully recoverable. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.7.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Data Financial Services Limited (Registered number: 01853420) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2024 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the year ended 31 July 2024 and the period ended 31 July 2023: |
31.7.24 | 31.7.23 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The loan to the director was repaid in full on 4th October 2024. |
9. | RELATED PARTY DISCLOSURES |
A secured loan existed in the previous year to a family member of the director. The loan carried a full commercial rate of 3.5% above the bank base rate. The loan was settled in full in that year. Full recognition of the interest payable on this loan was included in those accounts. |
The company has taken advantage of the exemption in FRS 8 from the requirement to disclose transactions with group companies. |