Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311Art gallery supporttruefalsetruefalse1DAG Private Limited2023-04-01 10985939 2023-04-01 2024-03-31 10985939 2022-04-01 2023-03-31 10985939 2024-03-31 10985939 2023-03-31 10985939 c:Director1 2023-04-01 2024-03-31 10985939 d:CurrentFinancialInstruments 2024-03-31 10985939 d:CurrentFinancialInstruments 2023-03-31 10985939 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10985939 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10985939 d:ShareCapital 2024-03-31 10985939 d:ShareCapital 2023-03-31 10985939 d:RetainedEarningsAccumulatedLosses 2024-03-31 10985939 d:RetainedEarningsAccumulatedLosses 2023-03-31 10985939 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10985939 c:OrdinaryShareClass1 2024-03-31 10985939 c:OrdinaryShareClass1 2023-03-31 10985939 c:FRS102 2023-04-01 2024-03-31 10985939 c:Audited 2023-04-01 2024-03-31 10985939 c:FullAccounts 2023-04-01 2024-03-31 10985939 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10985939 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10985939











DAG (UK) PRIVATE LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024





































LUBBOCK FINE
Chartered Accountants
Paternoster House
65 St Paul's Churchyard
London EC4M 8AB


 

DAG (UK) PRIVATE LIMITED
REGISTERED NUMBER:10985939


BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
288
420

  
288
420

Creditors: amounts falling due within one year
 5 
(8,820)
(9,480)

Net current liabilities
  
 
 
(8,532)
 
 
(9,060)

Total assets less current liabilities
  
(8,532)
(9,060)

  

Net liabilities
  
(8,532)
(9,060)


Capital and reserves
  

Called up share capital 
 6 
77,000
70,000

Profit and loss account
  
(85,532)
(79,060)

  
(8,532)
(9,060)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Ashish Kumar Anand
Director

Date: 27 December 2024

The notes on pages 2 to 4 form part of these financial statements.
Page 1


 
DAG (UK) PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

DAG (UK) Private Limited is a company limited by shares and incorporated in England and Wales. Its registered office is 3rd Floor, Paternoster House, 65 St Paul's Churchyard, London, EC4M 8AB.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. The Principal activity of the company during the period was that of looking for premises for operating as an art gallery. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company meets its day to day working capital requirements with the support of the parent company. The director believes it is appropriate to prepare the financial statements on a going concern basis which assumes the continued support of the controlling party. There is no indication that the parent company does not wish to, or is not able to, continue to support DAG UK Private Limited for a period of at least 12 months after the signing of the financial statements. 

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the
Page 2


 
DAG (UK) PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

case of a small company, or a public benefit entity concessionary loan.


3.


Employees

There were no employees in the year (2023 - none) other than the Director who did not receive remuneration.


4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
288
420



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,500
960

Accruals and deferred income
4,320
8,520

8,820
9,480



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



77,000 (2023 - 70,000) Ordinary shares of £1.00 each
77,000
70,000


During the year 7,000 Ordinary shares were issued at a par value of £1.00.


7.


Controlling party

The parent company is DAG Private Limited, (formerly known as Delhi Art Gallery Private Limited) a company incorporated in India with registered office at 1203-1206, 12th Floor Mohan Dev Building, 13 Tolstoy Marg, New Delhi 110001, India.
The smallest and largest group in which the results of the company are consolidated is that headed by DAG Private Limited.




Page 3


 
DAG (UK) PRIVATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 27 December 2024 by Sam Snelson (Senior Statutory Auditor) on behalf of Lubbock Fine LLP.

 
Page 4