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REGISTERED NUMBER: 01853420 (England and Wales)















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: B T R Scruby
P J M Wellington





SECRETARY: A C Nolan





REGISTERED OFFICE: The Barn
Hambleden Village
Henley on Thames
Oxfordshire
RG9 6RT





REGISTERED NUMBER: 01853420 (England and Wales)






Data Financial Services Limited (Registered number: 01853420)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,754,589 1,672,768
Investments 5 471,599 471,599
2,226,188 2,144,367

CURRENT ASSETS
Debtors 6 1,093,672 1,000,072
Cash at bank 1,566,366 1,072,096
2,660,038 2,072,168
CREDITORS
Amounts falling due within one year 7 428,409 566,609
NET CURRENT ASSETS 2,231,629 1,505,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,457,817

3,649,926

PROVISIONS FOR LIABILITIES 330 330
NET ASSETS 4,457,487 3,649,596

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,457,387 3,649,496
SHAREHOLDERS' FUNDS 4,457,487 3,649,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

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


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

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 10 October 2024 and were signed on its behalf by:





B T R Scruby - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 1,682,475 100,966 1,783,441
Additions 81,634 2,859 84,493
At 31 July 2024 1,764,109 103,825 1,867,934
DEPRECIATION
At 1 August 2023 11,441 99,232 110,673
Charge for year 1,693 979 2,672
At 31 July 2024 13,134 100,211 113,345
NET BOOK VALUE
At 31 July 2024 1,750,975 3,614 1,754,589
At 31 July 2023 1,671,034 1,734 1,672,768

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 196,063 298,411 494,474
PROVISIONS
At 1 August 2023
and 31 July 2024 - 22,875 22,875
NET BOOK VALUE
At 31 July 2024 196,063 275,536 471,599
At 31 July 2023 196,063 275,536 471,599

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 1,093,672 1,000,072

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 - 1
Amounts owed to group undertakings 204,563 204,576
Taxation and social security 41,852 90,888
Other creditors 181,994 271,144
428,409 566,609

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
£    £   
B T R Scruby
Balance outstanding at start of year - -
Amounts advanced 93,600 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,600 -

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.