Company No:
Contents
| Note | 2025 | 2024 | ||
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| Current assets | ||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| 96,443 | 68,575 | |||
| Creditors: amounts falling due within one year | 4 | (
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| Net current assets | 59,004 | 30,606 | ||
| Total assets less current liabilities | 59,004 | 30,606 | ||
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| Called-up share capital | 5 |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of David Menzies Management Services Ltd (registered number:
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R M Laser
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
David Menzies Management Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4th Floor Khiara House, 25 / 26 Poland Street, London, W1F 8QN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Trade debtors |
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| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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| 1,000 | 1,000 |
Transactions with the entity's directors
| 2025 | 2024 | ||
| £ | £ | ||
| Management Services | 240,000 | 270,000 |
The company made payments to David Menzies Associates for management services totalling £240,000 (2024 - £270,000). David Menzies Associates is a Partnership in which the directors are also Partners.