Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false2022-07-01Property investment44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05038072 2022-07-01 2023-06-30 05038072 2021-07-01 2022-06-30 05038072 2023-06-30 05038072 2022-06-30 05038072 c:Director1 2022-07-01 2023-06-30 05038072 d:FreeholdInvestmentProperty 2023-06-30 05038072 d:FreeholdInvestmentProperty 2022-06-30 05038072 d:CurrentFinancialInstruments 2023-06-30 05038072 d:CurrentFinancialInstruments 2022-06-30 05038072 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05038072 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05038072 d:ShareCapital 2023-06-30 05038072 d:ShareCapital 2022-06-30 05038072 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 05038072 d:RetainedEarningsAccumulatedLosses 2023-06-30 05038072 d:RetainedEarningsAccumulatedLosses 2022-06-30 05038072 c:OrdinaryShareClass1 2022-07-01 2023-06-30 05038072 c:OrdinaryShareClass1 2023-06-30 05038072 c:OrdinaryShareClass1 2022-06-30 05038072 c:FRS102 2022-07-01 2023-06-30 05038072 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05038072 c:FullAccounts 2022-07-01 2023-06-30 05038072 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05038072 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05038072 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 05038072 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 05038072 d:TaxLossesCarry-forwardsDeferredTax 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05038072














NEWDICE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
NEWDICE LIMITED
 

CONTENTS



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


 
NEWDICE LIMITED
REGISTERED NUMBER:05038072

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
2,435,707
2,435,707

Current assets
  

Debtors: amounts falling due within one year
 5 
-
845

Cash at bank and in hand
  
3,543
3,622

  
3,543
4,467

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,051,840)
(1,142,630)

Net current liabilities
  
 
 
(1,048,297)
 
 
(1,138,163)

Total assets less current liabilities
  
1,387,410
1,297,544

Deferred tax
  
(173,954)
(165,728)

Net assets
  
1,213,456
1,131,816


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
1,213,356
1,131,716

  
1,213,456
1,131,816


The directors consider 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 directors acknowledge their 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 November 2023.


Peter Luder
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
NEWDICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Newdice Limited is a private limited liability company incorporated in England and Wales with its principal place of business at 61 London Road, Woolmer Green, Hertfordshire, SG3 6JE and registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company continued to be that of property investment.
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 rents receivable for the year, exclusive of Value Added Tax which are recognised in the period to which they relate.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors 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 Comprehensive Income.

 
2.4

Debtors

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

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.

 
2.6

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 2

 
NEWDICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

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 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 3

 
NEWDICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
2,435,707



At 30 June 2023
2,435,707

The 2023 valuations were made by the directors, on an open market value for existing use basis.



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
1,864,700
1,864,700


5.


Debtors

2023
2022
£
£


Tax recoverable
-
845



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,006,293
1,113,065

Taxation and social security
24,622
8,639

Accruals and deferred income
20,925
20,926

1,051,840
1,142,630


Page 4

 
NEWDICE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Deferred taxation




2023


£






At beginning of year
165,728


Charged to profit or loss
8,226



At end of year
173,954

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
117,265
106,662

Fair value adjustments
56,689
59,066

173,954
165,728


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Reserves

Profit & loss account

Included in reserves are non-distributable fair value adjustments amounting to £514,318 (2022 - £511,941).


10.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. 


11.


Controlling party

The directors regard Lessiters Holdings Limited, a company registered in England and Wales, as the ultimate parent undertaking.

 
Page 5