Company registration number 14365614 (England and Wales)
DABAPPS HOLDINGS LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DABAPPS HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DABAPPS HOLDINGS LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
30 September 2024
28 February 2024
Notes
£
£
£
£
Fixed assets
Investments
3
2,223,150
2,223,150
Current assets
Debtors
5
5,345
4,638
Cash at bank and in hand
380
263
5,725
4,901
Creditors: amounts falling due within one year
6
(2,228,629)
(2,227,829)
Net current liabilities
(2,222,904)
(2,222,928)
Net assets
246
222
Capital and reserves
Called up share capital
7
234
234
Profit and loss reserves
12
(12)
Total equity
246
222
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 June 2025 and are signed on its behalf by:
Mr C Palk
Director
Company registration number 14365614 (England and Wales)
DABAPPS HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Dabapps Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, 37 Frederick Place, Brighton, BN1 4EA.
1.1
Reporting period
The previous set of financial statements were the first since incorporation and covered a period of more than 12 months.
The period-end has changed for commercial reasons. These financial statements cover a period of 7 months and are therefore not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
DABAPPS HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2024
Number
Number
Total
3
3
3
Fixed asset investments
2024
2024
£
£
Shares in group undertakings and participating interests
2,123,150
2,123,150
Other investments other than loans
100,000
100,000
2,223,150
2,223,150
4
Subsidiaries
Details of the company's subsidiaries at 30 September 2024 are as follows:
Name of undertaking
Address
Class of
% Held
shares held
Direct
Dabapps Ltd
1
Ordinary
100.00
Dabapps Branding Ltd
1
Ordinary
100.00
Registered office addresses (all UK unless otherwise indicated):
1
1st Floor, 37 Frederick Place ,Brighton, BN14EA
5
Debtors
2024
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,246
Other debtors
4,099
4,638
5,345
4,638
DABAPPS HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
2024
£
£
Amounts owed to group undertakings
931,531
782,476
Other creditors
1,297,098
1,445,353
2,228,629
2,227,829
7
Called up share capital
2024
2024
2024
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
112
112
112
112
Ordinary C of £1 each
95
95
95
95
Ordinary D of £1 each
27
27
27
27
234
234
234
234