Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1No description of principal activity2022-04-01false1true SC588512 2022-04-01 2023-03-31 SC588512 2021-04-01 2022-03-31 SC588512 2023-03-31 SC588512 2022-03-31 SC588512 2021-04-01 SC588512 c:Director1 2022-04-01 2023-03-31 SC588512 c:RegisteredOffice 2022-04-01 2023-03-31 SC588512 d:FurnitureFittings 2022-04-01 2023-03-31 SC588512 d:FurnitureFittings 2023-03-31 SC588512 d:FurnitureFittings 2022-03-31 SC588512 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC588512 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 SC588512 d:FreeholdInvestmentProperty 2023-03-31 SC588512 d:FreeholdInvestmentProperty 2022-03-31 SC588512 d:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 SC588512 d:CurrentFinancialInstruments 2023-03-31 SC588512 d:CurrentFinancialInstruments 2022-03-31 SC588512 d:Non-currentFinancialInstruments 2023-03-31 SC588512 d:Non-currentFinancialInstruments 2022-03-31 SC588512 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC588512 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC588512 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC588512 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC588512 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 SC588512 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 SC588512 d:ShareCapital 2022-04-01 2023-03-31 SC588512 d:ShareCapital 2023-03-31 SC588512 d:ShareCapital 2022-03-31 SC588512 d:ShareCapital 2021-04-01 SC588512 d:RevaluationReserve 2022-04-01 2023-03-31 SC588512 d:RevaluationReserve 2023-03-31 SC588512 d:RevaluationReserve 2022-03-31 SC588512 d:RevaluationReserve 2021-04-01 SC588512 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 SC588512 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC588512 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 SC588512 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC588512 d:RetainedEarningsAccumulatedLosses 2021-04-01 SC588512 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC588512 c:OrdinaryShareClass1 2023-03-31 SC588512 c:OrdinaryShareClass1 2022-03-31 SC588512 c:FRS102 2022-04-01 2023-03-31 SC588512 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC588512 c:FullAccounts 2022-04-01 2023-03-31 SC588512 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC588512 5 2022-04-01 2023-03-31 SC588512 6 2022-04-01 2023-03-31 SC588512 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 SC588512 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC588512










DEJAS INVESTMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
DEJAS INVESTMENTS LIMITED
 

COMPANY INFORMATION


Director
Mr D Clarke 




Registered number
SC588512



Registered office
Blackhill Farm
Stanley

Perth

PH1 4PX




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
DEJAS INVESTMENTS LIMITED
REGISTERED NUMBER: SC588512

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
3,322
-

Investments
 5 
70,184
62,373

Investment property
 6 
685,000
358,023

  
758,506
420,396

Current assets
  

Debtors: amounts falling due within one year
 7 
2,527
900

Cash at bank and in hand
  
4,839
6,931

  
7,366
7,831

Creditors: amounts falling due within one year
 8 
(334,750)
(176,553)

Net current liabilities
  
 
 
(327,384)
 
 
(168,722)

Total assets less current liabilities
  
431,122
251,674

Creditors: amounts falling due after more than one year
 9 
(344,500)
(199,500)

Provisions for liabilities
  

Deferred tax
  
(831)
-

  
 
 
(831)
 
 
-

Net assets
  
85,791
52,174


Capital and reserves
  

Called up share capital 
 12 
100
100

Revaluation reserve
 13 
19,033
-

Profit and loss account
 13 
66,658
52,074

  
85,791
52,174


Page 1

 
DEJAS INVESTMENTS LIMITED
REGISTERED NUMBER: SC588512

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 19 October 2023.




Mr D Clarke
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 

 
DEJAS INVESTMENTS LIMITED


 

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



Called up share capital
Revaluation reserve
Profit and loss account
Total equity


£
£
£
£



At 1 April 2021
100
-
21,871
21,971



Comprehensive income for the year


Profit for the year

-
-
30,203
30,203





At 1 April 2022
100
-
52,074
52,174



Comprehensive income for the year


Profit for the year

-
-
33,617
33,617

Total comprehensive income for the year
-
-
33,617
33,617


Transfer to/from profit and loss account
-
19,033
(19,033)
-



Total transactions with owners
-
19,033
(19,033)
-



At 31 March 2023
100
19,033
66,658
85,791



The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
DEJAS INVESTMENTS LIMITED
 

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

1.


General information

Dejas Investments Limited is limited by shares and incorporated in Scotland.  The address of the registered office is Blackhill Farm, Stanley, Perth, United Kingdom, PH1 4PX.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 is derived from residential and furnished holiday lets.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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 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.

Page 4

 
DEJAS INVESTMENTS LIMITED
 

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

2.Accounting policies (continued)

 
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:

Fixtures and fittings
-
15%
Reducing balance

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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

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 reporting 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

Page 5

 
DEJAS INVESTMENTS LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.11

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.

Financial instruments are recognised in the Company's Statement of financial position 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.

  
2.12

Investment property

Investment property is carried at fair value determined annually by the director or a third party 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.


3.


Employees

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

Page 6

 
DEJAS INVESTMENTS LIMITED
 

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
3,908



At 31 March 2023

3,908



Depreciation


Charge for the year on owned assets
586



At 31 March 2023

586



Net book value



At 31 March 2023
3,322



At 31 March 2022
-

Page 7

 
DEJAS INVESTMENTS LIMITED
 

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

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2022
62,373


Additions
7,811



At 31 March 2023
70,184





6.


Investment property


Investment property

£



Valuation


At 1 April 2022
358,023


Additions at cost
307,944


Surplus on revaluation
19,033



At 31 March 2023
685,000

The 2023 valuations were made by D M Hall Chartered Surveyors, on an open market value for existing use basis.



At 31 March 2023





7.


Debtors

2023
2022
£
£


Other debtors
2,527
900

2,527
900


Page 8

 
DEJAS INVESTMENTS LIMITED
 

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

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
3,014
7,261

Other creditors
330,086
167,717

Accruals and deferred income
1,650
1,575

334,750
176,553



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
344,500
199,500

344,500
199,500


The following liabilities were secured:




Details of security provided:

The company granted fixed charges in favour of Hampden & Co plc over the residential properties located at  Flat 13 (2F2) Downfield Place, Edinburgh, EH11 2EJ, Flat 2, 22 Dean Park Street, Edinburgh, EH4 1JT and 5/4 Roseburn Maltings, Edinburgh EH12 5LY. The company granted a further, floating charge in favour of Hampden & Co plc over all of its property and undertakings now or in the future.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Bank loans
344,500
199,500


344,500
199,500


344,500
199,500


Page 9

 
DEJAS INVESTMENTS LIMITED
 

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

11.


Deferred taxation




2023


£






Charged to profit or loss
(831)



At end of year
(831)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(831)
-

(831)
-


12.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



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



13.


Reserves

Revaluation reserve

The balance on this account equates to the uplift in the fixed asset value following revaluation.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


Page 10