Danniz Holdings Limited Small abridged accounts

DANNIZ HOLDINGS LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Danniz Holdings Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 10343482

Danniz Holdings Limited

Filleted Unaudited Abridged Financial Statements

31 August 2017

Danniz Holdings Limited

Abridged Financial Statements

Period from 24 August 2016 to 31 August 2017

Contents	Page

Abridged statement of financial position	1

Statement of changes in equity	3

Notes to the abridged financial statements	4

Danniz Holdings Limited

Abridged Statement of Financial Position

31 August 2017

	31 Aug 17
Note	£	£

Fixed assets

Investments	4		1,000,000

Current assets

Debtors	650
Cash at bank and in hand	720,000
	---------
	720,650

Creditors: amounts falling due within one year	1,720,949
	------------
Net current liabilities		1,000,299
		------------
Total assets less current liabilities		( 299)
		----
Net liabilities		( 299)
		----

Capital and reserves

Called up share capital		2
Profit and loss account		( 301)
		----
Shareholders deficit		( 299)
		----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the period ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Danniz Holdings Limited

Abridged Statement of Financial Position (continued)

31 August 2017

These abridged financial statements were approved by the board of directors and authorised for issue on 29 August 2018 , and are signed on behalf of the board by:

Mr D Flusss

Director

Company registration number: 10343482

Danniz Holdings Limited

Statement of Changes in Equity

Period from 24 August 2016 to 31 August 2017

	Called up share capital	Profit and loss account	Total
	£	£	£
At 24 August 2016	–	–	–

Loss for the period		( 301)	( 301)
	----	----	----
Total comprehensive income for the period	–	( 301)	( 301)

Issue of shares	2	–	2
	----	----	----
Total investments by and distributions to owners	2	–	2

	----	----	----
At 31 August 2017	2	( 301)	( 299)
	----	----	----

Danniz Holdings Limited

Notes to the Abridged Financial Statements

Period from 24 August 2016 to 31 August 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

/ A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Investments

	£
Cost
At 24 August 2016	–
Additions	1,000,000
	------------
At 31 August 2017	1,000,000
	------------
Impairment
At 24 August 2016 and 31 August 2017	–
	------------
Carrying amount
At 31 August 2017	1,000,000
	------------

5. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2015.

No transitional adjustments were required in equity or profit or loss for the period.