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REGISTERED NUMBER: 03929795 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DSRE HOLDINGS LIMITED

DSRE HOLDINGS LIMITED (REGISTERED NUMBER: 03929795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DSRE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr D M Erman
Mrs B L J Erman
Miss R M Erman





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 03929795 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

DSRE HOLDINGS LIMITED (REGISTERED NUMBER: 03929795)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,301,841 2,301,006
Investments 5 201,240 201,240
2,503,081 2,502,246

CURRENT ASSETS
Debtors 6 372,249 366,999
Cash at bank 67,790 75,762
440,039 442,761
CREDITORS
Amounts falling due within one year 7 (498,734 ) (399,273 )
NET CURRENT (LIABILITIES)/ASSETS (58,695 ) 43,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,444,386

2,545,734

CREDITORS
Amounts falling due after more than one
year

8

(330,000

)

(429,445

)
NET ASSETS 2,114,386 2,116,289

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Reserves 10 1,838,218 1,838,218
Capital redemption reserve 120 120
Retained earnings 275,048 276,951
SHAREHOLDERS' FUNDS 2,114,386 2,116,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

DSRE HOLDINGS LIMITED (REGISTERED NUMBER: 03929795)

BALANCE SHEET - continued
31 MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





Mrs B L J Erman - Director


DSRE HOLDINGS LIMITED (REGISTERED NUMBER: 03929795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

DSRE Holdings 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

DSRE HOLDINGS LIMITED (REGISTERED NUMBER: 03929795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,300,000 4,855 2,977 2,307,832
Additions 1,020 - - 1,020
At 31 March 2024 2,301,020 4,855 2,977 2,308,852
DEPRECIATION
At 1 April 2023 - 3,961 2,865 6,826
Charge for year - 75 110 185
At 31 March 2024 - 4,036 2,975 7,011
NET BOOK VALUE
At 31 March 2024 2,301,020 819 2 2,301,841
At 31 March 2023 2,300,000 894 112 2,301,006

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 201,240
NET BOOK VALUE
At 31 March 2024 201,240
At 31 March 2023 201,240

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 142,249 136,999

Amounts falling due after more than one year:
Other debtors 230,000 230,000

Aggregate amounts 372,249 366,999

DSRE HOLDINGS LIMITED (REGISTERED NUMBER: 03929795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,186 31,301
Amounts owed to group undertakings 456,093 336,472
Taxation and social security 4,242 5,166
Other creditors 16,213 26,334
498,734 399,273

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 99,445
Other creditors 330,000 330,000
330,000 429,445

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 330,000 330,000

Repayable by instalments
Bank loans more 5 yr by instal - 99,445

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
112 Ordinary £10 1,000 1,000

10. RESERVES
Reserves
£   
At 1 April 2023
and 31 March 2024 1,838,218