Company registration number 13364576 (England and Wales)
DAVID SAYCE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 OCTOBER 2024
DAVID SAYCE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DAVID SAYCE HOLDINGS LIMITED
BALANCE SHEET
AS AT
28 OCTOBER 2024
28 October 2024
- 1 -
2024
2023
Notes
£
£
FIXED ASSETS
Investments
3
800,000
800,000
CURRENT ASSETS
Debtors
4
12,500
212,500
Cash at bank and in hand
1
1
12,501
212,501
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5
(100,000)
(200,000)
NET CURRENT (LIABILITIES)/ASSETS
(87,499)
12,501
TOTAL ASSETS LESS CURRENT LIABILITIES
712,501
812,501
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
6
-
(100,000)
NET ASSETS
712,501
712,501
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss reserves
712,500
712,500
TOTAL EQUITY
712,501
712,501

For the financial year ended 28 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

DAVID SAYCE HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 OCTOBER 2024
28 October 2024
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 October 2025
Mr D M Sayce
Director
Company registration number 13364576 (England and Wales)
DAVID SAYCE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 OCTOBER 2024
- 3 -
1
ACCOUNTING POLICIES
Company information

David Sayce Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 1a Floor Hodge House, 114 - 116 St. Mary Street, Cardiff, CF10 1DY.

1.1
Basis of preparation

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through profit or loss.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
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.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

DAVID SAYCE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

DAVID SAYCE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
- 5 -
2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
0
0
3
FIXED ASSET INVESTMENTS
2024
2023
£
£
Shares in group undertakings and participating interests
800,000
800,000
4
DEBTORS
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
12,500
212,500
5
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Other creditors
100,000
200,000
6
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
£
£
Other creditors
-
0
100,000
DAVID SAYCE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
- 6 -
7
RELATED PARTY TRANSACTIONS
Transactions with related parties

Under Section 33 of FRS 102 Relates Party Disclosures paragraph 33.7, the company is exempt from Related Party disclosures for those related party transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by the group.

2024-10-28 2023-10-29 false false false 15 October 2025 CCH Software CCH Accounts Production 2025.200 The principal activity of the company is a holding company.
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