Registered number
09608734
DRSV Investments Limited
Report and Accounts
31 August 2024
Accountancy 4 Wealth Limited
Chartered Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
DRSV Investments Limited
Registered number: 09608734
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,116,915 3,116,915
Current assets
Debtors 4 28,707 23,250
Cash at bank and in hand 86,119 88,533
114,826 111,783
Creditors: amounts falling due within one year 5 (1,387,717) (1,375,388)
Net current liabilities (1,272,891) (1,263,605)
Total assets less current liabilities 1,844,024 1,853,310
Creditors: amounts falling due after more than one year 6 (1,799,106) (1,799,106)
Net assets 44,918 54,204
Capital and reserves
Called up share capital 100 100
Profit and loss account 44,818 54,104
Shareholders' funds 44,918 54,204
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sengodan Venkateswaran
Director
Approved by the board on 29 November 2024
DRSV Investments Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings N/A
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 3,116,915
At 31 August 2024 3,116,915
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 3,116,915
At 31 August 2023 3,116,915
4 Debtors 2024 2023
£ £
Trade debtors 6,600 1,420
Other debtors 22,107 21,830
28,707 23,250
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,279,961 1,304,501
Corporation tax 168 3,948
Other creditors 107,588 66,939
1,387,717 1,375,388
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 1,799,106 1,799,106
7 Related party transactions
The company has taken advantage of exemption, under the terms Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland, not to disclose related party transactions with wholly owned subsidiaries within the group.
8 Controlling party
The company is controlled by it's directors and shareholders.
DRSV Investments Limited 09608734 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2024 Sengodan Venkateswaran No description of principal activity 09608734 2022-09-01 2023-08-31 09608734 core:WithinOneYear 2023-08-31 09608734 core:AfterOneYear 2023-08-31 09608734 core:ShareCapital 2023-08-31 09608734 core:RetainedEarningsAccumulatedLosses 2023-08-31 09608734 2023-09-01 2024-08-31 09608734 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09608734 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09608734 bus:Director40 2023-09-01 2024-08-31 09608734 bus:FRS102 2023-09-01 2024-08-31 09608734 bus:FilletedAccounts 2023-09-01 2024-08-31 09608734 2024-08-31 09608734 core:WithinOneYear 2024-08-31 09608734 core:AfterOneYear 2024-08-31 09608734 core:ShareCapital 2024-08-31 09608734 core:RetainedEarningsAccumulatedLosses 2024-08-31 09608734 core:LandBuildings 2024-08-31 09608734 2023-08-31 09608734 core:LandBuildings 2023-08-31 iso4217:GBP xbrli:pure