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Company No: 14058855 (England and Wales)

DGW ADVISORY LIMITED

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

DGW ADVISORY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

DGW ADVISORY LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
DGW ADVISORY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR Alexander Yiallouros
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
England
United Kingdom
COMPANY NUMBER 14058855 (England and Wales)
DGW ADVISORY LIMITED

BALANCE SHEET

As at 31 March 2024
DGW ADVISORY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Restated
Fixed assets
Tangible assets 3 570 0
Investments 4 210 210
780 210
Current assets
Debtors 5 2,222 1,236
Cash at bank and in hand 297,632 192,851
299,854 194,087
Creditors: amounts falling due within one year 6 ( 118,859) ( 98,351)
Net current assets 180,995 95,736
Total assets less current liabilities 181,775 95,946
Net assets 181,775 95,946
Capital and reserves
Called-up share capital 1 1
Profit and loss account 181,774 95,945
Total shareholders' funds 181,775 95,946

For the financial year ending 31 March 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 DGW Advisory Limited (registered number: 14058855) were approved and authorised for issue by the Director on 12 November 2024. They were signed on its behalf by:

Alexander Yiallouros
Director
DGW ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
DGW ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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 period, unless otherwise stated.

General information and basis of accounting

DGW Advisory 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 22 Chancery Lane, London, WC2A 1LS, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Prior year adjustment

A prior year restatement has been made to recognise the investment in group undertakings. Fixed asset investments have increased by £210 and other creditors have increased by £210.

Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business and is shown net of VAT and other sales related taxes.

Turnover is recognised in the period to which the services 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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

The investments in subsidiaries are measured at cost less impairment.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

Year ended
31.03.2024
Period from
21.04.2022 to
31.03.2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 0 0
Additions 855 855
At 31 March 2024 855 855
Accumulated depreciation
At 01 April 2023 0 0
Charge for the financial year 285 285
At 31 March 2024 285 285
Net book value
At 31 March 2024 570 570
At 31 March 2023 0 0

4. Fixed asset investments

Investments in subsidiaries

31.03.2024
£
Cost
At 01 April 2023 210
At 31 March 2024 210
Carrying value at 31 March 2024 210
Carrying value at 31 March 2023 210

Investments in group undertakings represents a 100% interest in WDG Advisory International Limited, a company incorporated in Cyprus.

5. Debtors

31.03.2024 31.03.2023
£ £
Other debtors 2,222 1,236

6. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Trade creditors 1,601 5,362
Taxation and social security 40,060 22,819
Other creditors 77,198 70,170
118,859 98,351