2023-10-01 05533423 2024-09-30 05533423 2023-10-01 2024-09-30 05533423 2023-09-30 05533423 2022-10-01 2023-09-30 05533423 uk-core:WithinOneYear 2023-09-30 05533423 uk-core:WithinOneYear 2024-09-30 05533423 uk-core:AfterOneYear 2023-09-30 05533423 uk-core:AfterOneYear 2024-09-30 05533423 uk-core:ShareCapital 2024-09-30 05533423 uk-core:ShareCapital 2023-09-30 05533423 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 05533423 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 05533423 uk-bus:Director1 2023-10-01 2024-09-30 05533423 uk-core:InvestmentPropertyIncludedWithinPPE 2023-10-01 2024-09-30 05533423 uk-core:FurnitureFittings 2023-10-01 2024-09-30 05533423 uk-core:AfterOneYear uk-core:Secured 2024-09-30 05533423 uk-core:AfterOneYear uk-core:Secured 2023-09-30 iso4217:GBP xbrli:pure 05533423 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05533423 uk-bus:FRS102 2023-10-01 2024-09-30 05533423 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 05533423 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
DSM Ventures Limited
Registered Number:05533423
For the year ended 30 September 2024
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 30 September 2024
DSM Ventures Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05533423
As at 30 September 2024
DSM Ventures Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2,560,000
2,560,000
Investment property
2,560,000
2,560,000
Current assets
Trade and other receivables
666,527
13,894
2
1,130
Cash and cash equivalents
1,689
15,583
667,657
Trade and other payables: amounts falling due within one
year
(24,867)
(12,621)
3
642,790
2,962
Net current assets
Total assets less current liabilities
2,562,962
3,202,790
Trade and other payables: amounts falling due after more
than one year
(1,932,654)
(1,930,125)
4
(179,662)
(215,417)
Provisions for liabilities
453,175
Net assets
1,054,719
Capital and reserves
Called up share capital
100
100
Retained earnings
453,075
1,054,619
453,175
1,054,719
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr P S Makkar Director
These financial statements were approved and authorised for issue by the Board on 07 March 2025 and were signed by:
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4
Registered Number :
05533423
For the year ended 30 September 2024
DSM Ventures Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2024
DSM Ventures Limited
Notes to the Financial Statements
Statutory Information
DSM Ventures Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05533423.
Registered address:
Top Floor, Bridgewater House
866 - 868 Uxbridge Road
Hayes, Middlesex
UB4 0RR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 '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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0% Straight line
25% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Trade and other receivables
2023
2024
£
£
Amounts owed by group undertakings and participating interests
5,300
638,911
Other debtors
8,594
27,616
666,527
13,894
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6
For the year ended 30 September 2024
DSM Ventures Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
-
8,500
Taxation and social security
1,958
585
Other creditors
10,663
15,782
12,621
24,867
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
17,165
19,196
Bank loans and overdraft (secured)
1,912,960
1,913,458
1,930,125
1,932,654
5. Related party transactions
During the year the company has written off the loan of holding company, SBI Investments Ltd, a company
incorporated in England & Wales amounted to £643,496.
6. Average number of persons employed
During the year the average number of employees was 0
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