Caseware UK (AP4) 2022.0.179 2022.0.179 2022-03-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 2138134 2022-03-01 2023-02-28 2138134 2021-03-01 2022-02-28 2138134 2023-02-28 2138134 2022-02-28 2138134 c:Director1 2022-03-01 2023-02-28 2138134 d:PlantMachinery 2022-03-01 2023-02-28 2138134 d:PlantMachinery 2023-02-28 2138134 d:PlantMachinery 2022-02-28 2138134 d:FurnitureFittings 2022-03-01 2023-02-28 2138134 d:FurnitureFittings 2023-02-28 2138134 d:FurnitureFittings 2022-02-28 2138134 d:FreeholdInvestmentProperty 2023-02-28 2138134 d:FreeholdInvestmentProperty 2022-02-28 2138134 d:CurrentFinancialInstruments 2023-02-28 2138134 d:CurrentFinancialInstruments 2022-02-28 2138134 d:Non-currentFinancialInstruments 2023-02-28 2138134 d:Non-currentFinancialInstruments 2022-02-28 2138134 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 2138134 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 2138134 d:ShareCapital 2023-02-28 2138134 d:ShareCapital 2022-02-28 2138134 d:SharePremium 2023-02-28 2138134 d:SharePremium 2022-02-28 2138134 d:RevaluationReserve 2023-02-28 2138134 d:RevaluationReserve 2022-02-28 2138134 d:RetainedEarningsAccumulatedLosses 2023-02-28 2138134 d:RetainedEarningsAccumulatedLosses 2022-02-28 2138134 c:FRS102 2022-03-01 2023-02-28 2138134 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 2138134 c:FullAccounts 2022-03-01 2023-02-28 2138134 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 2138134 2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 2138134










DETRACOURT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 28 February 2023

 
DETRACOURT LIMITED
Registered number: 2138134

STATEMENT OF FINANCIAL POSITION
As at 28 February 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 5 
1,300,000
1,300,000

  
1,300,000
1,300,000

Current assets
  

Debtors: amounts falling due after more than one year
 6 
30,001
-

Cash at bank and in hand
  
132,592
124,351

  
162,593
124,351

Creditors: amounts falling due within one year
 7 
(241,516)
(241,404)

Net current liabilities
  
 
 
(78,923)
 
 
(117,053)

Total assets less current liabilities
  
1,221,077
1,182,947

  

Net assets
  
1,221,077
1,182,947


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Share premium account
  
264,782
264,782

Revaluation reserve
  
178,405
178,405

Profit and loss account
  
772,890
734,760

  
1,221,077
1,182,947


Page 1

 
DETRACOURT LIMITED
Registered number: 2138134
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 28 February 2023

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.

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: 






................................................
A R Guy
Director

Date: 9 October 2023

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 28 February 2023

1.


General information

The company, which was incorporated and registered in England and Wales (registered number 2138134), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

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

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 28 February 2023

2.Accounting policies (continued)

 
2.4

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

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 straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
straight line
Fixtures & fittings
-
25%
straight line

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

Page 4

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 28 February 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 March 2022
5,835
14,378
20,213



At 28 February 2023

5,835
14,378
20,213



Depreciation


At 1 March 2022
5,835
14,378
20,213



At 28 February 2023

5,835
14,378
20,213



Net book value



At 28 February 2023
-
-
-



At 28 February 2022
-
-
-

Page 5

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 28 February 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 March 2022
1,300,000



At 28 February 2023
1,300,000

The 2023 valuations were made by A R Guy (Director), on an open market value for existing use basis.



At 28 February 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,121,593
1,121,593

Accumulated depreciation and impairments
(443,979)
(421,547)

677,614
700,046


6.


Debtors


Due after more than one year

Other debtors
30,001
-

30,001
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
8,507
8,819

Other creditors
231,157
230,196

Accruals and deferred income
1,852
2,389

241,516
241,404


 
Page 6