Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30Propertyfalsetruefalse12021-11-12The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13739234 2021-11-11 13739234 2021-11-12 2022-11-30 13739234 2020-11-12 2021-11-11 13739234 2022-11-30 13739234 c:Director1 2021-11-12 2022-11-30 13739234 d:CurrentFinancialInstruments 2022-11-30 13739234 d:Non-currentFinancialInstruments 2022-11-30 13739234 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13739234 d:ShareCapital 2021-11-12 2022-11-30 13739234 d:ShareCapital 2022-11-30 13739234 d:RetainedEarningsAccumulatedLosses 2021-11-12 2022-11-30 13739234 d:RetainedEarningsAccumulatedLosses 2022-11-30 13739234 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 13739234 c:FRS102 2021-11-12 2022-11-30 13739234 c:AuditExempt-NoAccountantsReport 2021-11-12 2022-11-30 13739234 c:FullAccounts 2021-11-12 2022-11-30 13739234 c:PrivateLimitedCompanyLtd 2021-11-12 2022-11-30 13739234 6 2021-11-12 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 13739234










DARCY INVESTMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2022

 
DARCY INVESTMENTS LTD
REGISTERED NUMBER: 13739234

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
Note
£

Fixed assets
  

Investments
  
75,000

  
75,000

Current assets
  

Debtors: amounts falling due after more than one year
 5 
68,864

Cash at bank and in hand
 6 
24,906

  
93,770

Creditors: amounts falling due within one year
 7 
(50,679)

Net current assets
  
 
 
43,091

Total assets less current liabilities
  
118,091

  

Net assets
  
118,091


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
117,991

  
118,091


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 November 2023.






Richard Burgess
Page 1

 
DARCY INVESTMENTS LTD
REGISTERED NUMBER: 13739234

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
DARCY INVESTMENTS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 NOVEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
117,991
117,991


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
117,991
117,991


Contributions by and distributions to owners

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100


At 30 November 2022
100
117,991
118,091

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
DARCY INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

1.


General information

Darcy Investments Ltd is a company domiciled in England and Wales, registration number 13739234.  The registered office address is Wharf House, Victoria Quays, Wharf Street, Sheffield, S2 5SY.

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 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 judgment in applying the Company's accounting policies.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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 balance sheet date in the countries where the Company operates and generates income.

Page 4

 
DARCY INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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

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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as
Page 5

 
DARCY INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)


2.8
Financial instruments (continued)

subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 6

 
DARCY INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2022
            No.






Administration
1


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
75,000



At 30 November 2022
75,000





5.


Debtors


Due after more than one year

Other debtors
68,864

68,864



6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
24,906

24,906


Page 7

 
DARCY INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
£

Corporation tax
27,677

Other creditors
21,922

Accruals and deferred income
1,080

50,679



8.


Financial instruments

2022
£

Financial assets


Financial assets measured at fair value through profit or loss
24,906




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


Page 8