ACCOUNTS - Final Accounts preparation

DISDALE HOLDINGS LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-04-302022-04-302021-05-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04874656 2021-05-01 2022-04-30 04874656 2020-05-01 2021-04-30 04874656 2022-04-30 04874656 2021-04-30 04874656 c:Director1 2021-05-01 2022-04-30 04874656 d:CurrentFinancialInstruments 2022-04-30 04874656 d:CurrentFinancialInstruments 2021-04-30 04874656 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 04874656 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 04874656 d:ShareCapital 2022-04-30 04874656 d:ShareCapital 2021-04-30 04874656 d:RetainedEarningsAccumulatedLosses 2022-04-30 04874656 d:RetainedEarningsAccumulatedLosses 2021-04-30 04874656 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-04-30 04874656 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-04-30 04874656 c:FRS102 2021-05-01 2022-04-30 04874656 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 04874656 c:FullAccounts 2021-05-01 2022-04-30 04874656 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 04874656 d:Subsidiary1 2021-05-01 2022-04-30 04874656 d:Subsidiary1 1 2021-05-01 2022-04-30 04874656 2 2021-05-01 2022-04-30 04874656 6 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Registered number: 04874656

DISDALE HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2022

DISDALE HOLDINGS LIMITED

REGISTERED NUMBER: 04874656

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2022

		2022		2021
Note		£		£

Fixed assets
Investments	4		900,100		900,100
			900,100		900,100
Current assets
Debtors: amounts falling due within one year	5	1,225,375		851,234
Cash at bank and in hand	6	286,234		16,023
		1,511,609		867,257
Creditors: amounts falling due within one year	7	(560,280)		(1,086)
Net current assets			951,329		866,171
Total assets less current liabilities			1,851,429		1,766,271

Net assets			1,851,429		1,766,271

Capital and reserves
Called up share capital	100	100
Profit and loss account	1,851,329	1,766,171
	1,851,429	1,766,271

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DISDALE HOLDINGS LIMITED

REGISTERED NUMBER: 04874656

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2022

The Director considers 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 the Companies Act 2006.

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 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 20 March 2023.

................................................

Terence Disdale

Director

The notes on pages 3 to 6 form part of these financial statements.

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DISDALE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

1.	General information

Disdale Holdings Limited is a private Company limited by shares and incorporated in England and Wales. The registered office is 64 New Cavendish Street, London, W1G 8TB.
The principal activity of the Company is that of a holding Company and property investment.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

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.

2.5

Financial instruments

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

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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DISDALE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.8

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.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

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DISDALE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

4.	Fixed asset investments

	Investments in subsidiary companies	Other fixed asset investments	Total
	£	£	£
Cost or valuation
At 1 May 2021	100	900,000	900,100
At 30 April 2022	100	900,000	900,100

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Terence Disdale Design Limited

England & Wales

Ordinary

100%

	The aggregate of the share capital and reserves as at 30 April 2022 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:
	Name	Profit/(Loss)

Terence Disdale Design Limited

9,065,119

Debtors

					2022	2021
					£	£


Amounts owed by group undertakings	1,224,850	681,605
Other debtors	-	169,220
Prepayments and accrued income	525	409
	1,225,375	851,234

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DISDALE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	286,234	16,023
	286,234	16,023

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	239	958
Amounts owed to group undertakings	559,846	-
Accruals and deferred income	195	128
	560,280	1,086

8.	Financial instruments
		2022	2021
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	286,234	16,023

Financial assets measured at fair value through profit or loss comprise cash and cash equivalents.

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