Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31truefalsetrueProvision of loan financeThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-0111 08302339 2021-01-01 2021-12-31 08302339 2020-01-01 2020-12-31 08302339 2021-12-31 08302339 2020-12-31 08302339 c:Director1 2021-01-01 2021-12-31 08302339 d:CurrentFinancialInstruments 2021-12-31 08302339 d:CurrentFinancialInstruments 2020-12-31 08302339 d:Non-currentFinancialInstruments 2021-12-31 08302339 d:Non-currentFinancialInstruments 2020-12-31 08302339 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08302339 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 08302339 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 08302339 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 08302339 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 08302339 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 08302339 d:ShareCapital 2021-12-31 08302339 d:ShareCapital 2020-12-31 08302339 d:RetainedEarningsAccumulatedLosses 2021-12-31 08302339 d:RetainedEarningsAccumulatedLosses 2020-12-31 08302339 c:OrdinaryShareClass1 2021-01-01 2021-12-31 08302339 c:OrdinaryShareClass1 2021-12-31 08302339 c:FRS102 2021-01-01 2021-12-31 08302339 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 08302339 c:FullAccounts 2021-01-01 2021-12-31 08302339 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 08302339 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08302339










DENCHY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

 
DENCHY LIMITED


CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
DENCHY LIMITED
REGISTERED NUMBER:08302339


STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
83,471
79,451

Current assets
  

Debtors: amounts falling due within one year
 5 
5,183,278
4,422,451

Bank and cash balances
  
1,382,654
2,072,463

  
6,565,932
6,494,914

Current Liabilities
  

Creditors: amounts falling due within one year
 6 
(155,709)
(85,961)

Net current assets
  
 
 
6,410,223
 
 
6,408,953

Total assets less current liabilities
  
6,493,694
6,488,404

Creditors: amounts falling due after more than one year
 7 
(5,000,000)
(5,000,000)

  

Net assets
  
1,493,694
1,488,404


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
1,493,693
1,488,403

  
1,493,694
1,488,404


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.

Page 1

 
DENCHY LIMITED
REGISTERED NUMBER:08302339

    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

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 12 September 2022.



C G Rifkind
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
DENCHY LIMITED
                                                                                 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Denchy Limited is a limited liability company incorporated in England and Wales with its principal place of business at The Tea House, 17 Hall Road, London, NW8 9RF and its registered office address at 5 Elstree Gate, Elstree Way, Hertfordshire WD6 1JD.
The principal activity of the Company is the provision of loan finance.
The functional and presentational currency of the Company is £ Sterling.

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

Turnover

Turnover comprises revenue recognised by the Company in respect of fees and interest receivable exclusive of Value Added Tax.
Revenue is recognised when right to consideration is established.

 
2.3

Valuation of investments

Investments held as fixed assets are shown at cost less provision for impairment.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by deposits with financial institutions.

 
2.6

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 to and from related parties and loans to third parties which includes debentures.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

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.

Page 3

 
DENCHY LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

The director was the only employee of the company during the current and preceding period.



4.


Fixed asset investments





Other fixed asset investments

£



Cost 


At 1 January 2021
79,451


Additions
4,020



At 31 December 2021
83,471





5.


Debtors

2021
2020
£
£


Other debtors
5,183,278
4,422,451



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
19,998
-

Accruals and deferred income
135,711
85,961

155,709
85,961


Page 4

 
DENCHY LIMITED
                                                                                 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Other loans
5,000,000
5,000,000


The Director has provided a personal guarantee as security for the other loan of £5,000,000


8.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£



Amounts falling due 2-5 years

Other loans
5,000,000
5,000,000




9.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



10.


Related party transactions

At the balance sheet date, the company was owed £5,136,045 (2020 - £4,398,060) by Teahouse Associates Limited, a company under common control.

 
Page 5