DS Group Service Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

DS Group Service Limited is a private company, limited by shares, incorporated in England & Wales, with registered number 15119366 . The address of the registered office is 1 Chapel Street, Warwick, CV34 4HL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The director has considered the company’s financial position, liquidity and future performance together with financial projections for the company and over the foreseeable future and has also reviewed the ongoing committed financial support from the company's parent undertaking and are confident this will be available for the forseeable future. After making enquiries, the director is satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the company’s financial statements.

2.3. Significant judgements and estimations

The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

2.4. Turnover

Turnover represents the value of services provided to its group undertakings, net of value added tax. Revenue is recognised when the company has a contractual right to receive revenue for work undertaken.

2.5. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

2.8. Debtors

Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

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DS Group Service Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.9. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.10. Creditors

Basic financial liabilities, including trade and other creditors, loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.11. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. Average Number of Employees

Average number of employees, including director, during the year was: 2 (2024: 2)

4. Debtors

	2025	2024
	£	£
Due within one year
Prepayments	1,071	415
VAT	594	628
Amounts owed by group undertakings	40,787	43,187

	42,452	44,230

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,403	1,075
Corporation tax	4,270	5,431
Other taxes and social security	6,192	4,403
Accruals	33,761	32,024
Amounts owed to group undertakings	13,911	-
Amounts owed to parent undertaking	108,910	108,910

	168,447	151,843

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

7. Dividends

No dividends were proposed or paid during the current year or prior period.

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DS Group Service Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Related Party Transactions

During the period there were related party transactions entered into between the Company and Dah Sing Bank, Limited which is not a wholly-owned subsidiary of the group to which the company belongs. These transactions were concluded under normal market conditions. The company has opted under paragraph 1AC.35 of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose these transactions.

9. Ultimate Controlling Party

The company's ultimate controlling party is Dah Sing Financial Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.

10. Audit Information

The auditor's report on the accounts of DS Group Service Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Caroline Peverett (Senior Statutory Auditor) for and on behalf of Tuerner Audit Limited , Statutory Auditor.

Tuerner Audit Limited

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

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		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	42,452		44,230
Cash at bank and in hand		155,071		123,894

		197,523		168,124
Creditors: Amounts Falling Due Within One Year	5	(168,447 )		(151,843 )

NET CURRENT ASSETS (LIABILITIES)			29,076		16,281

TOTAL ASSETS LESS CURRENT LIABILITIES			29,076		16,281

NET ASSETS			29,076		16,281

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			29,075		16,280

SHAREHOLDERS' FUNDS			29,076		16,281