ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

DVL (HOLDINGS) LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2018-04-01 10823756 2018-04-01 2019-03-31 10823756 2017-06-16 2018-03-31 10823756 2019-03-31 10823756 2018-03-31 10823756 c:Director1 2018-04-01 2019-03-31 10823756 c:Director2 2018-04-01 2019-03-31 10823756 c:RegisteredOffice 2018-04-01 2019-03-31 10823756 d:ShareCapital 2018-04-01 2019-03-31 10823756 d:ShareCapital 2019-03-31 10823756 d:ShareCapital 2017-06-16 2018-03-31 10823756 d:ShareCapital 2018-03-31 10823756 d:SharePremium 2018-04-01 2019-03-31 10823756 d:SharePremium 2019-03-31 10823756 d:SharePremium 2017-06-16 2018-03-31 10823756 d:SharePremium 2018-03-31 10823756 d:RetainedEarningsAccumulatedLosses 2018-04-01 2019-03-31 10823756 d:RetainedEarningsAccumulatedLosses 2019-03-31 10823756 d:RetainedEarningsAccumulatedLosses 2017-06-16 2018-03-31 10823756 d:RetainedEarningsAccumulatedLosses 2018-03-31 10823756 c:OrdinaryShareClass1 2018-04-01 2019-03-31 10823756 c:OrdinaryShareClass1 2019-03-31 10823756 c:OrdinaryShareClass1 2018-03-31 10823756 c:OrdinaryShareClass2 2018-04-01 2019-03-31 10823756 c:OrdinaryShareClass2 2019-03-31 10823756 c:OrdinaryShareClass2 2018-03-31 10823756 c:FRS102 2018-04-01 2019-03-31 10823756 c:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 10823756 c:FullAccounts 2018-04-01 2019-03-31 10823756 c:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 10823756 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-04-01 2019-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10823756










DVL (Holdings) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2019
 
DVL (Holdings) Limited
 

Company Information


Directors
D A Lawrence 
V J Lawrence 




Registered number
10823756



Registered office
37 St Margaret's Street

Canterbury

Kent

CT1 2TU




Accountants
Kreston Reeves LLP
Chartered Accountants

37 St Margaret's Street

Canterbury

Kent

CT1 2TU




 
DVL (Holdings) Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of DVL (Holdings) Limited for the year ended 31 March 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DVL (Holdings) Limited for the year ended 31 March 2019 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

This report is made solely to the Board of directors of DVL (Holdings) Limited, as a body, in accordance with the terms of our engagement letter dated 17 August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of DVL (Holdings) Limited and state those matters that we have agreed to state to the Board of directors of DVL (Holdings) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DVL (Holdings) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that DVL (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DVL (Holdings) Limited. You consider that DVL (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of DVL (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
13 August 2019
Page 1
 
DVL (Holdings) Limited
Registered number: 10823756

Balance sheet
As at 31 March 2019

2019
2018
Note
£
£

Fixed assets
  

Investments
 4 
3,000,001
3,000,001

  
3,000,001
3,000,001

  

Total assets less current liabilities
  
 
3,000,001
 
3,000,001

  

Net assets
  
3,000,001
3,000,001


Capital and reserves
  

Called up share capital 
 5 
1,739
1,739

Share premium account
  
2,998,262
2,998,262

  
3,000,001
3,000,001


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2019.




V J Lawrence
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 2
 
DVL (Holdings) Limited
 

Statement of changes in equity
For the year ended 31 March 2019


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Profit for the period

-
-
10,000
10,000


Other comprehensive income for the period
-
-
-
-


Total comprehensive income for the period
-
-
10,000
10,000

Dividends: Equity capital
-
-
(10,000)
(10,000)

Shares issued during the period
1,739
2,998,262
-
3,000,001


Total transactions with owners
1,739
2,998,262
(10,000)
2,990,001



At 1 April 2018
1,739
2,998,262
-
3,000,001


Comprehensive income for the year

Profit for the year
-
-
4,000
4,000
Total comprehensive income for the year
-
-
4,000
4,000

Dividends: Equity capital
-
-
(4,000)
(4,000)


Total transactions with owners
-
-
(4,000)
(4,000)


At 31 March 2019
1,739
2,998,262
-
3,000,001


The notes on pages 4 to 5 form part of these financial statements.

Page 3
 
DVL (Holdings) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2019

1.


General information

DVL (Holdings) Limited is a private company limited by shares which was incorporated in England and Wales, with the registration number 10823756. 
The company's registered office is 37 St Margaret's Street, Canterbury, Kent, CT1 2TU. 
The financial statements are presented in pound Sterling, and rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2018 - £NIL).

Page 4
 
DVL (Holdings) Limited
 

 
Notes to the financial statements
For the year ended 31 March 2019

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2018
3,000,001



At 31 March 2019
3,000,001





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

DVL Ltd
Ordinary
100%


5.


Share capital

2019
2018
£
£
Allotted, called up and fully paid



34,883 (2018 - 34,883) Ordinary A shares of £0.01 each
349
349
139,033 (2018 - 139,033) Ordinary B shares of £0.01 each
1,390
1,390

1,739

1,739


6.


Related party transactions

All related party transactions during the year were done so under normal market conditions.


7.


Controlling party

The company is under the ultimate control of Douglas Lawrence, by virtue of his majority shareholding.

Page 5