0 01/10/2023 30/09/2024 2024-09-30 false false false false true false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06572491 2023-10-01 2024-09-30 06572491 2024-09-30 06572491 2023-09-30 06572491 2022-10-01 2023-09-30 06572491 2023-09-30 06572491 2022-09-30 06572491 bus:RegisteredOffice 2023-10-01 2024-09-30 06572491 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 06572491 bus:Director1 2023-10-01 2024-09-30 06572491 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 06572491 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 06572491 core:WithinOneYear 2024-09-30 06572491 core:WithinOneYear 2023-09-30 06572491 core:ShareCapital 2024-09-30 06572491 core:ShareCapital 2023-09-30 06572491 core:RetainedEarningsAccumulatedLosses 2024-09-30 06572491 core:RetainedEarningsAccumulatedLosses 2023-09-30 06572491 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06572491 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 06572491 bus:SmallEntities 2023-10-01 2024-09-30 06572491 bus:Audited 2023-10-01 2024-09-30 06572491 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06572491 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06572491 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 06572491
DLS Investments Limited
Filleted financial statements
30 September 2024
DLS Investments Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
DLS Investments Limited
Directors and other information
Director GWL Brewis
Company number 06572491
Registered office Occupation Lane
Gonerby Moor
Grantham
Lincolnshire
NG32 2BP
Business address Occupation Lane
Gonerby Moor
Grantham
Lincolnshire
NG32 2BP
Auditor Just Audit Limited
Strelley Hall
Main Street
Strelley
Nottingham
NG8 6PE
Accountants Coulter & Co
Pera Business Park
M03 Tower Building
Nottingham Road
Melton Mowbray
LE13 0PB
DLS Investments Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 1,515,299 1,559,687
_______ _______
1,515,299 1,559,687
Current assets
Debtors 6 14,500 14,500
Cash at bank and in hand 6,256 47,240
_______ _______
20,756 61,740
Creditors: amounts falling due
within one year 7 ( 300,579) ( 465,709)
_______ _______
Net current liabilities ( 279,823) ( 403,969)
_______ _______
Total assets less current liabilities 1,235,476 1,155,718
_______ _______
Net assets 1,235,476 1,155,718
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,235,376 1,155,618
_______ _______
Shareholders funds 1,235,476 1,155,718
_______ _______
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
GWL Brewis
Director
Company registration number: 06572491
DLS Investments Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The Company's registered number is 06572491 and the address of the registered office is Occupation Lane, Gonerby Moor, Grantham, Lincolnshire, NG32 2BP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (March 2018), which the company has early adopted, and the Companies Act 2006. .
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group which has adequate resources. The director has been given assurance that this support will continue for the foreseeable future.
Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover represents total rental income receivable during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property 2.50 %
Freehold land is not depreciated
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Number of employees
The director is the only employee of the company for either year.
5. Tangible assets
Freehold property Total
£ £
Cost
At 1 October 2023 and 30 September 2024 2,332,011 2,332,011
_______ _______
Depreciation
At 1 October 2023 772,324 772,324
Charge for the year 44,388 44,388
_______ _______
At 30 September 2024 816,712 816,712
_______ _______
Carrying amount
At 30 September 2024 1,515,299 1,515,299
_______ _______
At 30 September 2023 1,559,687 1,559,687
_______ _______
The freehold property is an investment property rented to a group company but is carried at cost, net of depreciation, in these financial statements as allowed by FRS102 (March 2018).
Included in cost of freehold property is freehold land with an estimated cost of £450,000 (2023: £450, 000) which is not depreciated
6. Debtors
2024 2023
£ £
Trade debtors 14,500 14,500
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 254,919 424,919
Corporation tax 41,400 36,650
Other creditors 4,260 4,140
_______ _______
300,579 465,709
_______ _______
8. Summary audit opinion
The auditor's report dated 26 March 2025 was unqualified.
The senior statutory auditor was David Fletcher BA BFP FCA for and on behalf of Just Audit Limited
9. Ultimate parent undertaking
The parent company of the smallest group which includes DLS Investments Limited is DLS Holdings (Grantham) Limited.