Company Registration No. 11436872 (England and Wales)
Danshell UK Limited
Unaudited accounts
for the year ended 30 June 2024
Danshell UK Limited
Unaudited accounts
Contents
Danshell UK Limited
Company Information
for the year ended 30 June 2024
Company Number
11436872 (England and Wales)
Registered Office
1 Manchester Square
London
W1U 3AB
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Danshell UK Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
2,600
7,661
Creditors: amounts falling due within one year
(821,373)
(820,173)
Net current liabilities
(818,773)
(812,512)
Net liabilities
(818,442)
(812,070)
Called up share capital
100
100
Profit and loss account
(818,542)
(812,170)
Shareholders' funds
(818,442)
(812,070)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
Ori Zaidman
Director
Company Registration No. 11436872
Danshell UK Limited
Notes to the Accounts
for the year ended 30 June 2024
Danshell UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11436872. The registered office is 1 Manchester Square, London, W1U 3AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Operating Leases: The Company as Lessee
Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.
Danshell UK Limited
Notes to the Accounts
for the year ended 30 June 2024
Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current corporation 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 income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
820,173
815,973
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company is controlled by Mr Efraim Hershkovitz by virtue of his majority shareholding.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).