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Registration number: 14780119

20 DSL Limited

Unaudited Financial Statements

for the Period from 4 April 2023 to 30 September 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

20 DSL Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

20 DSL Limited

Company Information

Director

J P Kley

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

20 DSL Limited

Statement of Financial Position as at 30 September 2024

Note

2024
£

Current assets

 

Debtors

4

150,432

Cash at bank and in hand

 

52

 

150,484

Creditors: Amounts falling due within one year

5

(238,558)

Net liabilities

 

(88,074)

Capital and reserves

 

Called up share capital

1

Retained earnings

(88,075)

Shareholders' deficit

 

(88,074)

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 19 February 2025
 

.........................................

J P Kley

Director

Company registration number: 14780119

 

20 DSL Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company providing management services.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Disclosure of long or short period

These financial statements relate to the 18 month period from 4 April 2023 to 30 September 2024.

Going concern

The company made a loss for the period ended 30 September 2024 and had a deficiency of net assets at that date of £88,074.

The company funds its working capital requirements with financial support received from the parent undertaking to whom an amount of £145,411 was due at 30 September 2024. The parent undertaking has confirmed it will continue to support the company and will not call for repayment until such time as the company has sufficient working capital.

On the basis of the above and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in the preparation of the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents management services received or receivable in the normal course of the company's activities, exclusive of Value Added Tax, discounts and rebates.

Turnover from management services is recognised evenly over the period in which the services are provided.

 

20 DSL Limited

Notes to the Unaudited Financial Statements for the Period from 4 April 2023 to 30 September 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the period, was 0.

4

Debtors

2024
£

Trade debtors

56,971

Other debtors

93,461

150,432

Other debtors includes an amount of £69,000 recoverable in greater than one year.

5

Creditors

Creditors: amounts falling due within one year

2024
£

Trade creditors

84,266

Amounts owed to group undertakings

145,411

Accruals

8,881

238,558

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £1,298,897.

7

Related party transactions

In accordance with FRS102 paragraph 1AC.35 exemption is taken not to disclose transactions or amounts due between wholly owned group undertakings.