Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2020-12-01falseNo description of principal activity11truetrue 10499441 2020-12-01 2021-11-30 10499441 2021-11-30 10499441 2019-12-01 2020-11-30 10499441 2020-11-30 10499441 c:Director1 2020-12-01 2021-11-30 10499441 d:MotorVehicles 2020-12-01 2021-11-30 10499441 d:MotorVehicles 2021-11-30 10499441 d:MotorVehicles 2020-11-30 10499441 d:MotorVehicles d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 10499441 d:FreeholdInvestmentProperty 2020-12-01 2021-11-30 10499441 d:FreeholdInvestmentProperty 2021-11-30 10499441 d:FreeholdInvestmentProperty 2020-11-30 10499441 d:CurrentFinancialInstruments 2021-11-30 10499441 d:CurrentFinancialInstruments 2020-11-30 10499441 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 10499441 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 10499441 d:ShareCapital 2021-11-30 10499441 d:ShareCapital 2020-11-30 10499441 d:RetainedEarningsAccumulatedLosses 2021-11-30 10499441 d:RetainedEarningsAccumulatedLosses 2020-11-30 10499441 c:OrdinaryShareClass1 2020-12-01 2021-11-30 10499441 c:OrdinaryShareClass1 2021-11-30 10499441 c:OrdinaryShareClass1 2020-11-30 10499441 c:OrdinaryShareClass2 2020-12-01 2021-11-30 10499441 c:OrdinaryShareClass2 2021-11-30 10499441 c:OrdinaryShareClass2 2020-11-30 10499441 c:FRS102 2020-12-01 2021-11-30 10499441 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 10499441 c:FullAccounts 2020-12-01 2021-11-30 10499441 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 10499441 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2020-12-01 2021-11-30 10499441 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-11-30 10499441 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2020-11-30 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 10499441























DICKSON HOLDINGS LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 30 NOVEMBER 2021























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DICKSON HOLDINGS LIMITED
REGISTERED NUMBER: 10499441

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,287
12,102

Investment property
 5 
251,753
153,514

  
262,040
165,616

Current assets
  

Debtors: amounts falling due within one year
 6 
625
1,168

Cash at bank and in hand
  
10,701
15,377

  
11,326
16,545

Creditors: amounts falling due within one year
 7 
(117,662)
(22,987)

Net current liabilities
  
 
 
(106,336)
 
 
(6,442)

Total assets less current liabilities
  
155,704
159,174

  

Net assets
  
155,704
159,174

Page 1

 
DICKSON HOLDINGS LIMITED
REGISTERED NUMBER: 10499441

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2021

2021
2020
Note
£
£

Capital and reserves
  

Called up share capital 
 8 
10
10

Profit and loss account
  
155,694
159,164

  
155,704
159,174


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 period 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 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: 




Mr S P Dickson
Director

Date: 18 August 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DICKSON HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

1.


General information

Dickson Holdings Limited is a private company limited by shares registered in England and Wales, its registered number being 10499441. The registered office is Bute House, Montgomery Way, Rosehill Industrial Estate, Carlisle, Cumbria, CA1 2RW and the company trades from 9 Brabster Street, Thurso, Caithness, KW14 7AP.

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.

 
2.2

Functional and presentational currency

The company's functional and presentational currency is GBP.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3

 
DICKSON HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods listed below.

Depreciation is provided on the following basis:

Motor vehicles
-
15%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 4

 
DICKSON HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2020 - 1).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 December 2020
16,750



At 30 November 2021

16,750



Depreciation


At 1 December 2020
4,648


Charge for the period on owned assets
1,815



At 30 November 2021

6,463



Net book value



At 30 November 2021
10,287



At 30 November 2020
12,102

Page 5

 
DICKSON HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2020
153,514


Additions at cost
98,239



At 30 November 2021
251,753


Comprising


Cost
251,753

At 30 November 2021
251,753

The 2021 valuations were made by the director, on an open market value for existing use basis.





6.


Debtors

2021
2020
£
£


Prepayments and accrued income
625
1,168



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
1,044
947

Other creditors
115,515
22,040

Accruals and deferred income
1,103
-

117,662
22,987


Page 6

 
DICKSON HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

8.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



5 (2020 - 5) Ordinary A shares of £1.00 each
5
5
5 (2020 - 5) Ordinary B shares of £1.00 each
5
5

10

10



9.


Related party transactions

At the reporting date £115,515 (2020 - £22,040) was owed to the director in respect of a loan with the company. This loan is included within creditors and is unsecured, interest free and repayable on demand.


10.


COVID19 assessment

On 11 March 2020, the World Health Organisation declared the COVID-19 virus a pandemic, following which a series of new measures were implemented by the Government in the United Kingdom, together with other countries in the world.
In light of COVID-19, management have reviewed the current business status and have no intentions of ceasing the company or liquidating, nor do they believe that there are any material uncertainties that cast significant doubt on the company's ability to trade post year end. As such, they have deemed the going concern basis of preparation of the financial statements to be appropriate.


Page 7