Company No:
Contents
DIRECTORS | D Breuer-Weil |
S Breuer-Weil |
REGISTERED OFFICE | 22 Chancery Lane |
London | |
WC2A 1LS | |
United Kingdom |
COMPANY NUMBER | 07359994 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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1,900,000 | 1,900,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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3,030,120 | 3,487,544 | |||
Creditors: amounts falling due within one year | 5 | (
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(
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Net current assets | 3,026,025 | 3,481,912 | ||
Total assets less current liabilities | 4,926,025 | 5,381,912 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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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:
S Breuer-Weil
Director |
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.
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 £.
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.
Interim dividends are recognised when paid and final dividends are recognised when approved by the members.
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.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors. |
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Investment property | |
£ | |
Valuation | |
As at 01 July 2023 |
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As at 30 June 2024 |
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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 |
2024 | 2023 | ||
£ | £ | ||
Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Taxation and social security |
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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.