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Company No: 05224057 (England and Wales)

DTSAWB LTD

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

DTSAWB LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

DTSAWB LTD

BALANCE SHEET

As at 30 September 2024
DTSAWB LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 79,118
Investment property 4 101,103 0
101,103 79,118
Current assets
Debtors 5 4,811 0
Cash at bank and in hand 56,618 50,834
61,429 50,834
Creditors: amounts falling due within one year 6 ( 5,059) ( 10,982)
Net current assets 56,370 39,852
Total assets less current liabilities 157,473 118,970
Net assets 157,473 118,970
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account 156,473 117,970
Total shareholders' funds 157,473 118,970

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

Directors' responsibilities:

The financial statements of DTSAWB Ltd (registered number: 05224057) were approved and authorised for issue by the Board of Directors on 12 May 2025. They were signed on its behalf by:

Mr A W Burton
Director
DTSAWB LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
DTSAWB LTD

NOTES TO THE FINANCIAL STATEMENTS

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

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DTSAWB Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company’s activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 50 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

The investment property was previously classified in land and buildings. This is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 October 2023 101,103 101,103
Transfers ( 101,103) ( 101,103)
At 30 September 2024 0 0
Accumulated depreciation
At 01 October 2023 21,985 21,985
Disposals ( 21,985) ( 21,985)
At 30 September 2024 0 0
Net book value
At 30 September 2024 0 0
At 30 September 2023 79,118 79,118

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 0
Transfers to and from property, plant and equipment 101,103
As at 30 September 2024 101,103

Valuation

The fair value of the company's investment properties was not revalued in the current year as the directors took the view that there was no material change in value.

5. Debtors

2024 2023
£ £
Other debtors 4,811 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 3,260 2,917
Other creditors 1,799 8,065
5,059 10,982

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
500 ORDINARY A shares shares of £ 1.00 each 500 500
250 ORDINARY B shares shares of £ 1.00 each 250 250
250 ORDINARY C shares shares of £ 1.00 each 250 250
1,000 1,000

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to/(by) directors brought forward 3,494 (12,787)
Advances to directors (8,617) (6,979)
Repayments by directors 312 23,260
Amounts owed to/(by) directors carried forward (4,811) 3,494