Danniz Holdings Limited Filleted accounts for Companies House (small and micro)

Danniz Holdings Limited Filleted accounts for Companies House (small and micro)

DANNIZ HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10343482
Danniz Holdings Limited
Filleted Unaudited Financial Statements
31 August 2020
Danniz Holdings Limited
Statement of Financial Position
31 August 2020
2020
2019
Note
£
£
£
Fixed assets
Investments
4
3,671,134
3,671,134
Current assets
Debtors
5
2,150
750
Cash at bank and in hand
88,347
90,408
--------
--------
90,497
91,158
Creditors: amounts falling due within one year
6
3,761,669
3,762,269
------------
------------
Net current liabilities
3,671,172
3,671,111
------------
------------
Total assets less current liabilities
( 38)
23
----
----
Net (liabilities)/assets
( 38)
23
----
----
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 40)
21
----
----
Shareholders (deficit)/funds
( 38)
23
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Danniz Holdings Limited
Statement of Financial Position (continued)
31 August 2020
These financial statements were approved by the board of directors and authorised for issue on 1 June 2021 , and are signed on behalf of the board by:
Mr D Fluss
Director
Company registration number: 10343482
Danniz Holdings Limited
Notes to the Financial Statements
Year ended 31 August 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .
Financial instruments
/ A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Investment in unquoted companies
£
Cost
At 1 September 2019 and 31 August 2020
3,671,134
------------
Impairment
At 1 September 2019 and 31 August 2020
–
------------
Carrying amount
At 31 August 2020
3,671,134
------------
At 31 August 2019
3,671,134
------------
5. Debtors
2020
2019
£
£
Other debtors
2,150
750
-------
----
6. Creditors: amounts falling due within one year
2020
2019
£
£
Other creditors
3,761,669
3,762,269
------------
------------