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REGISTERED NUMBER: 14877598 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 MAY 2023 TO 31 MAY 2024

FOR

DWS CONSORTIUM LTD

DWS CONSORTIUM LTD (REGISTERED NUMBER: 14877598)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 18 May 2023 to 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DWS CONSORTIUM LTD

COMPANY INFORMATION
For The Period 18 May 2023 to 31 May 2024







DIRECTORS: D Zaha
M E K O Owuo Junior
D Young





REGISTERED OFFICE: c/o BAND
111 Charterhouse Street
London
EC1M 6AW





REGISTERED NUMBER: 14877598 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

DWS CONSORTIUM LTD (REGISTERED NUMBER: 14877598)

BALANCE SHEET
31 May 2024

Notes £    £   
FIXED ASSETS
Investments 4 85

CURRENT ASSETS
Debtors 5 238,245
Cash at bank 19
238,264
CREDITORS
Amounts falling due within one year 6 241,399
NET CURRENT LIABILITIES (3,135 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,050

)

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings (3,150 )
SHAREHOLDERS' FUNDS (3,050 )

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





D Young - Director


DWS CONSORTIUM LTD (REGISTERED NUMBER: 14877598)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 18 May 2023 to 31 May 2024


1. STATUTORY INFORMATION

DWS Consortium Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about DWS Consortium Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The Directors agree to support the Company and its Stakeholders in terms of the wider group as demonstrated in the Directors Report. As such the Directors consider the going concern status of the Company appropriate.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


DWS CONSORTIUM LTD (REGISTERED NUMBER: 14877598)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 18 May 2023 to 31 May 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 85
At 31 May 2024 85
NET BOOK VALUE
At 31 May 2024 85

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 108,145
Other debtors 122,100
Directors' loan accounts 8,000
238,245

DWS CONSORTIUM LTD (REGISTERED NUMBER: 14877598)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 18 May 2023 to 31 May 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Directors' loan accounts 238,279
Accruals and deferred income 3,120
241,399

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

8. RELATED PARTY DISCLOSURES

Included in other debtors is an amount owed by the subsidiary. This amount is interest free and repayable on demand.

At the balance sheet date one of the Directors owed the Company £8,000. This amount is repaid within 9 months of the year end.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Young.