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Company No: 07359994 (England and Wales)

DSBW HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

DSBW HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

DSBW HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
DSBW HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS D Breuer-Weil
S Breuer-Weil
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 07359994 (England and Wales)
DSBW HOLDINGS LIMITED

BALANCE SHEET

As at 30 June 2024
DSBW HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 1,900,000 1,900,000
1,900,000 1,900,000
Current assets
Debtors 4 3,027,770 3,483,934
Cash at bank and in hand 2,350 3,610
3,030,120 3,487,544
Creditors: amounts falling due within one year 5 ( 4,095) ( 5,632)
Net current assets 3,026,025 3,481,912
Total assets less current liabilities 4,926,025 5,381,912
Net assets 4,926,025 5,381,912
Capital and reserves
Called-up share capital 102 102
Profit and loss account 4,925,923 5,381,810
Total shareholders' funds 4,926,025 5,381,912

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of DSBW Holdings Limited (registered number: 07359994) were approved and authorised for issue by the Board of Directors on 24 March 2025. They were signed on its behalf by:

S Breuer-Weil
Director
DSBW HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
DSBW HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

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.

General information and basis of accounting

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

The address of its registered office is:
22 Chancery Lane
London
WC2A 1LS

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.

The financial statements have been prepared under the historical cost convention except for investment properties which are carried at fair value as detailed below.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated as the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Turnover

Turnover represents rents receivable in respect of investment properties and is recognised on an accruals basis.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Ordinary share capital

Ordinary shares are classified as equity.

Dividends

Interim dividends are recognised when paid and final dividends are recognised when approved by the members.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors. 0 0

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 1,900,000
As at 30 June 2024 1,900,000

The fair value of the investment property is the directors' best estimate of the open market value at 30 June 2024. The property was most recently revalued on 30 June 2018.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 2,107,681 2,107,681

4. Debtors

2024 2023
£ £
Other debtors 3,027,770 3,483,934

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 4,095 5,632

6. Related party transactions

Other related party transactions

During the year, the Company received repayments of funds from Galerie B. Weil Limited, a company under common control, amounting to £456,164 (2023 - £493,499). At the year end, the balance owed from Galerie B Weil Limited amounted to £3,027,770 (2023 - £3,483,934). Amounts owed are interest free and repayable on demand.