Company Registration No. 12580863 (England and Wales)
DSRG LIMITED
ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DSRG LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DSRG LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
351,920
351,920
Investments
5
13,739,770
8,777,969
14,091,690
9,129,889
Current assets
Debtors
6
48,075
877,046
Cash at bank and in hand
11,688,208
19,103,638
11,736,283
19,980,684
Creditors: amounts falling due within one year
7
(66,160)
(152,806)
Net current assets
11,670,123
19,827,878
Net assets
25,761,813
28,957,767
Capital and reserves
Called up share capital
310
310
Profit and loss account
25,761,503
28,957,457
Total equity
25,761,813
28,957,767
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 year ended 31 December 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 year 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 28 July 2025 and are signed on its behalf by:
Dr D Freeman
Director
Company Registration No. 12580863
DSRG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
DSRG Limited is a private company limited by shares incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
1.1
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
nil
1.3
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred 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
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at an average rate of exchange at the dates of the transactions. Monetary assets and liabilities that are denominated in foreign currencies are retranslated at the actual rates prevailing on 31 December 2024. Gains and losses arising on translation in the period are included in profit or loss.
DSRG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
1
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
185,352
144,259
4
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 and 31 December 2024
351,920
Depreciation and impairment
At 1 January 2024 and 31 December 2024
Net Book Value
At 31 December 2024
351,920
At 31 December 2023
351,920
5
Fixed asset investments
2024
2023
£
£
Listed investments
7,733,520
7,733,520
Unlisted investments
6,006,250
1,044,449
13,739,770
8,777,969
DSRG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 January 2024
8,777,969
Additions
5,034,867
Disposals
(73,066)
At 31 December 2024
13,739,770
Net Book Value
At 31 December 2024
13,739,770
At 31 December 2023
8,777,969
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
830,821
Loans
46,702
44,902
Prepayments
1,373
1,323
48,075
877,046
7
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
50,352
144,259
Director's current account
6,186
495
Accruals
9,622
8,052
66,160
152,806