Company registration number 13502366 (England and Wales)
DAS Holdco Ltd
Unaudited Financial Statements
For the year ended 31 July 2025
DAS Holdco Ltd
Company information
Director
Mr D A Siviter
Company number
13502366
Registered office
97 Park Lane
Mayfair
London
United Kingdom
W1K 7TG
Accountants
DJH Halesowen Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT
DAS Holdco Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
DAS Holdco Ltd
Statement of financial position
As at 31 July 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
3,544,327
4,390,294
Current assets
Cash at bank and in hand
345,071
1
Creditors: amounts falling due within one year
4
(448,391)
(82,363)
Net current liabilities
(103,320)
(82,362)
Net assets
3,441,007
4,307,932
Capital and reserves
Called up share capital
250,000
1,000
Fair value reserve
5
3,278,661
4,373,628
Profit and loss reserves
(87,654)
(66,696)
Total equity
3,441,007
4,307,932

For the financial year ended 31 July 2025 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.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 April 2026
Mr D A Siviter
Director
Company registration number 13502366 (England and Wales)
DAS Holdco Ltd
Notes to the financial statements
For the year ended 31 July 2025
- 2 -
1
Accounting policies
Company information

DAS Holdco Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 97 Park Lane, Mayfair, London, United Kingdom, W1K 7TG.

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. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

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.

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.

1.4
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.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

DAS Holdco Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
3,544,327
4,390,294
DAS Holdco Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2025
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 August 2024 & 31 July 2025
4,390,294
Impairment
At 1 August 2024
-
Impairment losses
845,967
At 31 July 2025
845,967
Carrying amount
At 31 July 2025
3,544,327
At 31 July 2024
4,390,294

The company acquired 25% of the issued share capital of Seven Capital Plc in May 2020 at par value of £16,666.

At the point of ownership the base value of shares of Seven Capital Plc was based on the accounts to 30 September 2020 being £44,065,698. Since then the value of Seven Capital Plc has lifted and the last accounts to 30 September 2024 now show net assets of £58,243,005.

As such there is an increase over the base value of the shares of £14,177,307 of which 25% is attributable to DAS Holdco Ltd, being £3,544,327.

The director has reflected this change in the fair value of the shares to £3,554,327 in the year end accounts.

4
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
5,639
3,545
Other creditors
442,752
78,818
448,391
82,363
DAS Holdco Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 5 -
5
Fair value reserve
2025
2024
£
£
At the beginning of the year
4,373,628
3,723,584
Fair value adjustment to investments
(845,967)
650,044
Other movements
(249,000)
-
At the end of the year
3,278,661
4,373,628
6
Related party transactions

At 31 July 2025 the company owed £440,852 (2024: - £74,888) to the director.

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