| REGISTERED NUMBER: |
| Financial Statements for the Period 1 April 2024 to 30 September 2024 |
| for |
| DVA Holdings Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Period 1 April 2024 to 30 September 2024 |
| for |
| DVA Holdings Limited |
| DVA Holdings Limited (Registered number: 13800835) |
| Contents of the Financial Statements |
| for the Period 1 April 2024 to 30 September 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| DVA Holdings Limited |
| Company Information |
| for the Period 1 April 2024 to 30 September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Foresters Hall |
| 25/27 Westow Street |
| Upper Norwood |
| London |
| SE19 3RY |
| DVA Holdings Limited (Registered number: 13800835) |
| Abridged Balance Sheet |
| 30 September 2024 |
| 30/9/24 | 31/3/24 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Retained earnings | 6 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| DVA Holdings Limited (Registered number: 13800835) |
| Abridged Balance Sheet - continued |
| 30 September 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| DVA Holdings Limited (Registered number: 13800835) |
| Notes to the Financial Statements |
| for the Period 1 April 2024 to 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| DVA Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company has reported a net loss of £5,111,410 which is after a provision of £4,480,507 in relation to loans to a subsidiary undertaking which the Directors now consider to be irrecoverable,and a £620,517 write-down in the carrying amount of the company's investments At the Balance Sheet date the sum of the company's liabilities exceeded the sum of its assets by £5,495,075. At the Balance Sheet date a total of £6,901,952 was owed to four corporate financiers, the boards of which have indicated that there is currently no intention to seek immediate repayment of their loans which they intend to continue to be available to the company for the foreseeable future. |
| The company's current parent undertaking has also pledged funding, as required, for the foreseeable future, to enable the company to continue in operational existence and settle its debts as they fall due. |
| In light of the foregoing the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements. |
| Preparation of consolidated financial statements |
| The financial statements contain information about DVA Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Significant judgements and estimates |
| The preparation of these financial statements requires the directors to note judgements and estimates that affect the reported amount of assets and liabilities at the balance sheet date and the reported profits for the financial year. |
| (i) Impairment of Debtors - the provision policy for impairment of amounts owing to the company, including financial instrument assets, is based on an ongoing evaluation of the collectability, aged analysis of the various amounts and the directors' judgement. A considerable amount of judgement is required in assessing the ultimate realisation of these balances. |
| Estimates and judgements are continually evaluated and are based on a number of factors including historical experience and expectations of future events that are believed to be reasonable under the circumstances. |
| DVA Holdings Limited (Registered number: 13800835) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 30 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like loans from banks and other third parties. |
| Debt instruments which are payable or receivable within one year are measured at the undiscounted amount of cash consideration expected to be paid or received. |
| Debt instruments which are payable or receivable after more than one year are initially measured at the fair value of the cash consideration and thereafter at amortised cost using the effective interest method. |
| Taxation |
| Taxation for the period comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2024 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST OR VALUATION |
| At 1 April 2024 | 621,018 |
| Revaluations | (620,518 | ) |
| At 30 September 2024 | 500 |
| NET BOOK VALUE |
| At 30 September 2024 | 500 |
| At 31 March 2024 | 621,018 |
| Cost or valuation at 30 September 2024 is represented by: |
| Totals |
| £ |
| Valuation in 2024 | (620,517 | ) |
| Cost | 621,017 |
| 500 |
| DVA Holdings Limited (Registered number: 13800835) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 30 September 2024 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/9/24 | 31/3/24 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Attached to the shares are a right to vote in general meetings, a right to receive dividends if declared by the company and a right to participate in distributions of capital, including on winding up.The shares do not confer any right of redemption. |
| 6. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2024 | ( |
) |
| Deficit for the period | ( |
) |
| At 30 September 2024 | ( |
) |
| 7. | POST BALANCE SHEET EVENTS |
| The company's entire issued share capital was acquired on 1 October 2024 by Hollybrook (UK) Limited, incorporated in England. |