Digital View Group Limited - Accounts to registrar (filleted) - small 18.2

Digital View Group Limited - Accounts to registrar (filleted) - small 18.2

DIGITAL VIEW GROUP LIMITED - Company Information

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REGISTERED NUMBER: 04376204 (England and Wales)















DIGITAL VIEW GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020





Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP








DIGITAL VIEW GROUP LIMITED (REGISTERED NUMBER: 04376204)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020










Page

Company Information 1

Accountants' Report 2 to 3

Statement of Financial Position 4 to 5

Notes to the Financial Statements 6 to 8


DIGITAL VIEW GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2020







DIRECTORS: J R W Henry
R S F Lytton Cobbold





REGISTERED OFFICE: The Estate Office Knebworth Park
Old Knebworth
Knebworth
Hertfordshire
SG3 6PY





REGISTERED NUMBER: 04376204 (England and Wales)





ACCOUNTANTS: Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
Page 1
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DIGITAL VIEW GROUP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Digital View Group Limited for the year ended 31st December 2020 which comprise the Income Statement, Statement of Financial Position, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Digital View Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Digital View Group Limited and state those matters that we have agreed to state to the Board of Directors of Digital View Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Digital View Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Digital View Group 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 loss of Digital View Group Limited. You consider that Digital View Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Digital View Group 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.






Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP



This page does not form part of the statutory financial statements

Page 2
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DIGITAL VIEW GROUP LIMITED


3rd November 2021

This page does not form part of the statutory financial statements

Page 3
DIGITAL VIEW GROUP LIMITED (REGISTERED NUMBER: 04376204)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2020

2020 2019
Notes £    £   
FIXED ASSETS
Investments 5 6,870 1,883,903

CURRENT ASSETS
Debtors 6 23,131 23,131

CREDITORS
Amounts falling due within one year 7 (169,255 ) (146,536 )
NET CURRENT LIABILITIES (146,124 ) (123,405 )
TOTAL ASSETS LESS CURRENT LIABILITIES (139,254 ) 1,760,498

CREDITORS
Amounts falling due after more than one
year
8
(1,250,130
)
(1,281,424
)
NET (LIABILITIES)/ASSETS (1,389,384 ) 479,074

The notes form part of these financial statements

Page 4
DIGITAL VIEW GROUP LIMITED (REGISTERED NUMBER: 04376204)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2020

2020 2019
Notes £    £   

CAPITAL AND RESERVES
Called up share capital 9 47,189 47,189
Share premium 209,173 209,173
Retained earnings (1,645,746 ) 222,712
SHAREHOLDERS' FUNDS (1,389,384 ) 479,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2021 and were signed on its behalf by:





R S F Lytton Cobbold - Director


The notes form part of these financial statements

Page 5
DIGITAL VIEW GROUP LIMITED (REGISTERED NUMBER: 04376204)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020


1. STATUTORY INFORMATION

Digital View Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The subsidiary and connected companies, DV Hong Kong and DV US, will continue to support the company for the foreseeable future and will not demand payment of amounts due to them until the cash flow of the company allows for this. The financial statements have been prepared on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Digital View Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Tax
Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred tax assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 6
DIGITAL VIEW GROUP LIMITED (REGISTERED NUMBER: 04376204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2020


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
Cost
At 1st January 2020 1,883,903
Disposals (1,877,033 )
At 31st December 2020 6,870
Net book value
At 31st December 2020 6,870
At 31st December 2019 1,883,903

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 23,131 23,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to connected companies 117,899 103,905
Other creditors 51,356 42,631
169,255 146,536

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 1,250,130 1,281,424

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
4,718,897 Ordinary shares £0.01 47,189 47,189

Page 7
DIGITAL VIEW GROUP LIMITED (REGISTERED NUMBER: 04376204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2020


10. RELATED PARTY DISCLOSURES

During the year the company's investment in Digital View, INC was transferred to James Henry at nil consideration.

11. POST BALANCE SHEET EVENTS

Since the period under review, the rapid spreading of COVID-19 has become a significant emerging risk to the global economy. Management continue to monitor the impact of the virus on the business as more information about the epidemic emerges. The directors note this is a non adjusting post balance sheet event and are continuing to take the necessary measures to mitigate any risks posed.

Page 8