Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04326432 Mr Michael Devlin Mrs Joanne Devlin Mrs Joanne Devlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04326432 2023-07-31 04326432 2024-07-31 04326432 2023-08-01 2024-07-31 04326432 frs-core:CurrentFinancialInstruments 2024-07-31 04326432 frs-core:ShareCapital 2024-07-31 04326432 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04326432 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04326432 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04326432 frs-bus:SmallEntities 2023-08-01 2024-07-31 04326432 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04326432 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04326432 frs-core:UnlistedNon-exchangeTraded 2024-07-31 04326432 frs-core:UnlistedNon-exchangeTraded 2023-07-31 04326432 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 04326432 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 04326432 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 04326432 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 04326432 frs-bus:Director1 2023-08-01 2024-07-31 04326432 frs-bus:Director2 2023-08-01 2024-07-31 04326432 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04326432 frs-countries:EnglandWales 2023-08-01 2024-07-31 04326432 2022-07-31 04326432 2023-07-31 04326432 2022-08-01 2023-07-31 04326432 frs-core:CurrentFinancialInstruments 2023-07-31 04326432 frs-core:ShareCapital 2023-07-31 04326432 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04326432
DRS Investments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04326432
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 682,970 682,970
Investments 5 1,610 1,610
684,580 684,580
CURRENT ASSETS
Debtors 71,735 1,670
Cash at bank and in hand 454,404 443,521
526,139 445,191
Creditors: Amounts Falling Due Within One Year 6 (47,653 ) (69,376 )
NET CURRENT ASSETS (LIABILITIES) 478,486 375,815
TOTAL ASSETS LESS CURRENT LIABILITIES 1,163,066 1,060,395
NET ASSETS 1,163,066 1,060,395
CAPITAL AND RESERVES
Called up share capital 7 320 320
Profit and Loss Account 1,162,746 1,060,075
SHAREHOLDERS' FUNDS 1,163,066 1,060,395
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Devlin
Director
04/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DRS Investments Limited , registered number 04326432 is a company limited by shares incorporated in England & Wales. The registered office is Unit 2 Pittman Court, Pittman Way, Fulwood, Preston, PR2 9ZG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The company is a parent company subject to the small companies regime. The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
2.2. Turnover
Turnover consists of rental income.
2.3. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 682,970
5. Investments
Unlisted
£
Cost
As at 1 August 2023 1,610
As at 31 July 2024 1,610
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 1,610
As at 1 August 2023 1,610
Designed Roof Systems Limited
The Company owns 100% of the issued ordinary share capital in Designed Roof Systems Limited, a company which provides roofing and building services and is incorporated in England and Wales number 3392877. The capital reserves of this undertaking at 31st July 2024 amounted to £352,909 (2023-£424,462) and it's pre-tax profit for the year was £104,879 (2023-£474,931).
Devlin Lettings Limited
The Company owns 100% of the issued ordinary share capital in Devlin Lettings Limited, a company which lets property it owns and is incorporated in England and Wales number 10805218. The capital reserves of this undertaking at 31st July 2024 amounted to £116,446 (2023-£92,809) and it's pre-tax profit for the year was £31,941 (2023-£41,045).
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 103
Corporation tax 2,628 -
Accruals and deferred income 3,485 17,673
Directors' loan accounts 41,540 51,600
47,653 69,376
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 320 320
8. Related Party Transactions
Designed Roof Systems LimitedA subsidary company in which this Company holds 100% of the issued share capitalThis Company received dividends from Designed Roof Systems Limited during the year totalling £150,000 (2023-£455,000).

Designed Roof Systems Limited

A subsidary company in which this Company holds 100% of the issued share capital

This Company received dividends from Designed Roof Systems Limited during the year totalling £150,000 (2023-£455,000).

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