DSRG_LIMITED - Accounts


Company Registration No. 12580863 (England and Wales)
DSRG LIMITED
ABRIDGED FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2020 TO 31 OCTOBER 2021
DSRG LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DSRG LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2021
31 October 2021
- 1 -
2021
Notes
£
£
Fixed assets
Tangible assets
3
351,920
Investments
4
5,271,201
5,623,121
Current assets
Debtors
5
307
Cash at bank and in hand
647,134
647,441
Creditors: amounts falling due within one year
6
(4,094)
Net current assets
643,347
Total assets less current liabilities
6,266,468
Capital and reserves
Called up share capital
310
Share premium account
5,220,100
Profit and loss reserves
1,046,058
Total equity
6,266,468

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 29 November 2021
Dr D Freeman
Director
Company Registration No. 12580863
DSRG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2021
- 2 -
1
Accounting policies
Company information

DSRG Limited is a private company limited by shares incorporated in England and Wales. The registered office is Balfour House, Suite 206, 741 High Road, North Finchley, London, N12 0BP.

1.1
Accounting convention

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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
nil
1.3
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2021
Number
Total
1
DSRG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2021
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2020
-
Additions
351,920
At 31 October 2021
351,920
Depreciation and impairment
At 31 October 2021
-
Net Book Value
At 31 October 2021
351,920
4
Fixed asset investments
2021
£
Shares in group undertakings
5,220,103
Other investments other than loans
51,098
5,271,201
Movements in fixed asset investments
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost or valuation
Additions
5,220,103
51,098
5,271,201
At 31 October 2021
5,220,103
51,098
5,271,201
Net Book Value
At 31 October 2021
5,220,103
51,098
5,271,201
5
Debtors
2021
Amounts falling due within one year:
£
Other debtors
307
DSRG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2021
- 4 -
6
Creditors: amounts falling due within one year
2021
£
Directors' loan
200
Accruals and deferred income
3,894
4,094
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