DEM Corporate Holdings Limited 31/03/2023 iXBRL
DEM Corporate Holdings Limited 31/03/2023 iXBRL
Company registration number:
08739679
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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103-104 Walter Road | ||
Swansea | ||
SA1 5QF | ||
Report to the director on the preparation of the
unaudited statutory financial statements of DEM Corporate Holdings Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DEM Corporate Holdings Limited for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of DEM Corporate Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of DEM Corporate Holdings Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DEM Corporate Holdings Limited and its director as a body for our work or for this report.
It is your duty to ensure that DEM Corporate 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 DEM Corporate Holdings Limited. You consider that DEM Corporate Holdings 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 DEM Corporate 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.
103-104 Walter Road
Swansea
SA1 5QF
13 December 2023
Statement of financial position
31 March 2023
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Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 4 |
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Current assets | |||||||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 December 2023
, and are signed on behalf of the board by:
Director
Company registration number:
08739679
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 65a Station Road, Port Talbot, SA13 1NW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Investments
Shares in group undertakings and participating interests | Other investments other than loans | Total | ||
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Cost | ||||
At 1 April 2022 |
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Additions |
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At 31 March 2023 |
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Impairment | ||||
At 1 April 2022 and 31 March 2023 | - | - | - | |
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Carrying amount | ||||
At 31 March 2023 |
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At 31 March 2022 |
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5.
Debtors
2023 | 2022 | |||
£ | £ | |||
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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6.
Creditors: amounts falling due within one year
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£ | £ | |||
Social security and other taxes |
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Other creditors |
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7.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | ||||
2023 | ||||
Balance brought forward | Amounts repaid | Balance o/standing | ||
£ | £ | £ | ||
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2022 | ||||
Balance brought forward | Amounts repaid | Balance o/standing | ||
£ | £ | £ | ||
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8.
Related party transactions
Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies.