Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity2022-04-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11011994 2022-04-01 2023-03-31 11011994 2021-04-01 2022-03-31 11011994 2023-03-31 11011994 2022-03-31 11011994 2021-04-01 11011994 c:Director1 2022-04-01 2023-03-31 11011994 d:CurrentFinancialInstruments 2023-03-31 11011994 d:CurrentFinancialInstruments 2022-03-31 11011994 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11011994 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11011994 d:ShareCapital 2023-03-31 11011994 d:ShareCapital 2022-03-31 11011994 d:ShareCapital 2021-04-01 11011994 d:RevaluationReserve 2022-04-01 2023-03-31 11011994 d:RevaluationReserve 2023-03-31 11011994 d:RevaluationReserve 2021-04-01 2022-03-31 11011994 d:RevaluationReserve 2022-03-31 11011994 d:RevaluationReserve 2021-04-01 11011994 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11011994 d:RetainedEarningsAccumulatedLosses 2023-03-31 11011994 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 11011994 d:RetainedEarningsAccumulatedLosses 2022-03-31 11011994 d:RetainedEarningsAccumulatedLosses 2021-04-01 11011994 c:FRS102 2022-04-01 2023-03-31 11011994 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11011994 c:FullAccounts 2022-04-01 2023-03-31 11011994 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11011994 6 2022-04-01 2023-03-31 11011994 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 11011994 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 11011994 d:RetirementBenefitObligationsDeferredTax 2023-03-31 11011994 d:RetirementBenefitObligationsDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

11011994







DOZAFIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2023































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DOZAFIC LIMITED
REGISTERED NUMBER:11011994

BALANCE SHEET
AS AT 31 MARCH 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
 4 
4,115,516
4,621,981

Current assets
  

Debtors: amounts falling due within one year
  
267,286
548

Bank and cash balances
  
55,682
151,008

Creditors: amounts falling due within one year
 6 
(3,734,987)
(4,140,470)

Net current liabilities
  
 
 
(3,412,019)
 
 
(3,988,914)

Total assets less current liabilities
  
703,497
633,067

Provisions for liabilities
  

Deferred tax
 7 
-
(23,275)

  
 
 
-
 
 
(23,275)

Net assets
  
703,497
609,792


Capital and reserves
  

Called up share capital 
  
122
122

Fair value reserve
  
571,332
518,507

Profit and loss account
  
132,043
91,163

  
703,497
609,792


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

DOZAFIC LIMITED
REGISTERED NUMBER:11011994
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

S. Mendoza
Director

Date: 24 October 2023

The notes on pages 4 to 7 form part of these financial statements.

Page 2

DOZAFIC LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2021
122
330,309
54,277
384,708


Comprehensive income for the year

Profit for the year
-
-
225,084
225,084

Transfer between reserves
-
188,198
(188,198)
-



At 1 April 2022
122
518,507
91,163
609,792


Comprehensive income for the year

Profit for the year
-
-
93,705
93,705

Transfer between reserves
-
52,825
(52,825)
-


At 31 March 2023
122
571,332
132,043
703,497


The notes on pages 4 to 7 form part of these financial statements.

Page 3

DOZAFIC LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Dozafic Limited ("the Company") is a limited company domiciled and incorporated in England.
The address of the Company's registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS and its principal place of business is 5 Broadgate, London, EC2M 2AN.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Monetary amounts in these financial statements are stated in sterling and rounded to the nearest whole £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on the basis that the Company will continue in operational existence for the foreseeable future. The financial statements have been prepared on this basis given the director is committed to providing continuing financial support for the Company for at least twelve months from the date the financial statements are approved.

 
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. Specifically, revenue is comprised of dividends and interest received on investments. 

Page 4

DOZAFIC LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet 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 Balance sheet 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 balance sheet date.

 
2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

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.

 
2.7

Cash

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.

Page 5

DOZAFIC LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

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


4.


Fixed asset investments





Listed investments

£



Valuation


At 1 April 2022
4,621,981


Additions
395,854


Disposals
(735,160)


Revaluations
(167,158)



At 31 March 2023
4,115,517





5.


Debtors

As restated
2023
2022
£
£


Accrued income
3,401
548

Deferred taxation
263,885
-

267,286
548



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
3,722,945
4,127,945

Accruals
12,042
12,525

3,734,987
4,140,470


Page 6

DOZAFIC LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Deferred taxation




2023


£






At beginning of year
(23,275)


Charged to profit or loss
287,160



At end of year
263,885

The deferred taxation balance is made up as follows:

2023
2022
£
£


Charge on unrealised investment gains
243,233
(41,242)

Losses and other deductions
(20,652)
(17,967)

263,885
(23,275)


8.


Restatement of comparatives

The accrued income figure in the comparatives has been restated to reflect the excess reportable income.

 
Page 7