REGISTERED NUMBER: 10295660 (England and Wales)

Design Masters London Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr B B Evans

Mr D J Goulandris

Registered office:

20-21 Bloomsbury Way

London

WC1A 2TH

Registered number:

10295660 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Current assets

Debtors

4

100

100

Creditors

Amounts falling due within one year

5

1,543

1,543

Net current liabilities

(1,443

)

(1,443

)

Total assets less current liabilities

(1,443

)

(1,443

)

Capital and reserves

Called up share capital

6

100

100

Retained earnings

7

(1,543

)

(1,543

)

Shareholders' funds

(1,443

)

(1,443

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr B B Evans - Director

1.	Statutory information

Design Masters London Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The directors have received a letter of support from the group confirming their current intention to continue to support the company as and when required to enable the company to meet its liabilities as they fall due and have considered the ability of the group to provide that support. Based on these assessments, the directors have concluded that they can continue to adopt the going concern basis in the preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by group undertakings

-

100

Other debtors

100

-

100

100

5.

Creditors: amounts falling due within one year

2024

2023

£

£

Amounts owed to group undertakings

177

177

Other creditors

1,366

1,366

1,543

1,543

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

7.

Reserves

Retained

earnings

£

At 1 January 2024

(1,543

)

Profit for the year

-

At 31 December 2024

(1,543

)

8.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date the company owed £766 (2023: £766) to companies in which the directors are shareholders.