ACCOUNTS - Final Accounts

DS DEVCO 1 LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01truefalse2No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13433387 2022-07-01 2023-06-30 13433387 2021-06-02 2022-06-30 13433387 2023-06-30 13433387 2022-06-30 13433387 c:Director2 2022-07-01 2023-06-30 13433387 d:CurrentFinancialInstruments 2023-06-30 13433387 d:CurrentFinancialInstruments 2022-06-30 13433387 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13433387 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13433387 d:ShareCapital 2023-06-30 13433387 d:ShareCapital 2022-06-30 13433387 d:SharePremium 2023-06-30 13433387 d:SharePremium 2022-06-30 13433387 d:RetainedEarningsAccumulatedLosses 2023-06-30 13433387 d:RetainedEarningsAccumulatedLosses 2022-06-30 13433387 c:FRS102 2022-07-01 2023-06-30 13433387 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13433387 c:FullAccounts 2022-07-01 2023-06-30 13433387 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13433387 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

13433387

DS DEVCO 1 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
30 JUNE 2023

DS DEVCO 1 LIMITED

REGISTERED NUMBER:13433387

BALANCE SHEET

AS AT 30 JUNE 2023

		2023		2022
Note		£		£

Fixed assets
Investments	4		103,394		103,394
Current assets
Cash at bank and in hand	5	410		-
Creditors: amounts falling due within one year	6	(109,944)		(106,294)
Net current liabilities			(109,534)		(106,294)
Total assets less current liabilities			(6,140)		(2,900)

Net liabilities			(6,140)		(2,900)

Capital and reserves
Called up share capital	1	1
Share premium account	99	99
Profit and loss account	(6,240)	(3,000)
	(6,140)	(2,900)

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 by:

S. Patel

Director

Date: 27 March 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

DS DEVCO 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1.	General information

DS Devco 1 Limited is a limited company domiciled and incorporated in England and Wales.
The address of its registered office and principal place of business is Sovereign House, 13-14 Queen Street, London, W1J 5PS.

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 Company was incorporated in the previous reporting period and presented its results for the 13-month period ended 30 June 2022. For the current period, the results are presented for the year ended 30 June 2023 and are therefore not entirely comparable.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date, the Company had net current liabilities of £109,534 (2022: £106,294) and net liabilities of £6,140 (2022: £2,900). The directors have reviewed all available information and assessed the Company as a going concern. The liabilities arise due to funds loaned to the Company by a director and the directors have confirmed their support will not be withdrawn until such time as the Company has sufficient resources to settle it.

2.3

Valuation of investments

Investments in unlisted shares are valued at cost less accumulated 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.

2.5

Creditors

Short-term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -2).

Page 2

DS DEVCO 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

4.	Fixed asset investments

		Unlisted investments
		£
	Cost
	At 1 July 2022	103,394
	At 30 June 2023	103,394

5.	Cash and cash equivalents
		2023	2022
		£	£

	Cash at bank and in hand	410	-

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Other creditors	106,944	103,294
Accruals and deferred income	3,000	3,000
	109,944	106,294

7.	Related party transactions
	During the period, a director loaned the Company £106,944 (2022: £103,294). The balance is interest-free and repayable on demand. The loan has been included in short-term creditors.

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