Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-09-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13562349 2022-09-01 2023-02-28 13562349 2021-12-01 2022-08-31 13562349 2023-02-28 13562349 2022-08-31 13562349 c:Director1 2022-09-01 2023-02-28 13562349 d:CurrentFinancialInstruments 2023-02-28 13562349 d:CurrentFinancialInstruments 2022-08-31 13562349 d:Non-currentFinancialInstruments 2023-02-28 13562349 d:Non-currentFinancialInstruments 2022-08-31 13562349 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13562349 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13562349 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13562349 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 13562349 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 13562349 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-08-31 13562349 d:ShareCapital 2023-02-28 13562349 d:ShareCapital 2021-12-01 2022-08-31 13562349 d:ShareCapital 2022-08-31 13562349 d:SharePremium 2023-02-28 13562349 d:SharePremium 2021-12-01 2022-08-31 13562349 d:SharePremium 2022-08-31 13562349 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-02-28 13562349 d:RetainedEarningsAccumulatedLosses 2023-02-28 13562349 d:RetainedEarningsAccumulatedLosses 2021-12-01 2022-08-31 13562349 d:RetainedEarningsAccumulatedLosses 2022-08-31 13562349 c:OrdinaryShareClass1 2022-09-01 2023-02-28 13562349 c:OrdinaryShareClass1 2023-02-28 13562349 c:OrdinaryShareClass1 2022-08-31 13562349 c:OrdinaryShareClass2 2022-09-01 2023-02-28 13562349 c:OrdinaryShareClass2 2023-02-28 13562349 c:OrdinaryShareClass2 2022-08-31 13562349 c:FRS102 2022-09-01 2023-02-28 13562349 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-02-28 13562349 c:FullAccounts 2022-09-01 2023-02-28 13562349 c:PrivateLimitedCompanyLtd 2022-09-01 2023-02-28 13562349 6 2022-09-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13562349









DADS ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
DADS ESTATES LIMITED
REGISTERED NUMBER: 13562349

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

28 February
31 August
2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,708,412
2,708,412

  
2,708,412
2,708,412

Current assets
  

Debtors: amounts falling due within one year
  
204,311
61,553

Cash at bank and in hand
 6 
15,033
14,205

  
219,344
75,758

Creditors: amounts falling due within one year
 7 
(113,851)
(66,301)

Net current assets
  
 
 
105,493
 
 
9,457

Total assets less current liabilities
  
2,813,905
2,717,869

Creditors: amounts falling due after more than one year
 8 
(2,800,000)
(2,800,000)

  

Net assets/(liabilities)
  
13,905
(82,131)


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
33
33

Profit and loss account
  
13,772
(82,264)

  
13,905
(82,131)


Page 1

 
DADS ESTATES LIMITED
REGISTERED NUMBER: 13562349
    
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 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 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 17 November 2023.




D Sharman
Director

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

Page 2

 
DADS ESTATES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 FEBRUARY 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£



Loss for the period
-
-
(82,264)
(82,264)

Shares issued during the period
100
33
-
133



At 1 September 2022
100
33
(82,264)
(82,131)



Profit for the period
-
-
126,036
126,036

Dividends: Equity capital
-
-
(30,000)
(30,000)


At 28 February 2023
100
33
13,772
13,905


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

Page 3

 
DADS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

DADS Estates Limited is a private company limited by shares and is incorporated in England. The address of the registered office is 5 Mayfield Gardens, Hendon, London, United Kingdom, NW4 2PY.

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

Exemption from preparing consolidated financial statements

The company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
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. The following criteria must also be met before revenue is recognised:
Intragroup management fees
Revenue is recognised in respect of the provision of management services and expenses incurred in connection with the operation of group companies. Management fees receivable are recognised evenly as the services are rendered to the corresponding group entity.

 
2.4

Borrowing costs

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

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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 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.

Page 4

 
DADS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
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 from related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the period was 0 (2022 - 0).


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost 


At 1 September 2022
2,708,412



At 28 February 2023
2,708,412





5.


Debtors

28 February
31 August
2023
2022
£
£


Amounts owed by group undertakings
150,000
-

Prepayments and accrued income
54,311
61,553

204,311
61,553


Page 5

 
DADS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

6.


Cash and cash equivalents

28 February
31 August
2023
2022
£
£

Cash at bank and in hand
15,033
14,205

15,033
14,205



7.


Creditors: Amounts falling due within one year

28 February
31 August
2023
2022
£
£

Amounts owed to group undertakings
110,851
66,301

Accruals and deferred income
3,000
-

113,851
66,301



8.


Creditors: Amounts falling due after more than one year

28 February
31 August
2023
2022
£
£

Bank loans
2,800,000
2,800,000

2,800,000
2,800,000


The bank loans are secured by a fixed and floating charge over the group's investment properties and all other assets. A limited personal guarantee has also been provided by the company's director in respect of the bank loans.

Page 6

 
DADS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

9.


Loans


Analysis of the maturity of loans is given below:


28 February
31 August
2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
2,800,000
2,800,000

2,800,000
2,800,000



10.


Share capital

28 February
31 August
2023
2022
£
£
Allotted, called up and fully paid



996 (2022 - 996) Ordinary shares of £0.10 each
100
100
3 (2022 - 3) A Ordinary Shares shares of £0.10 each
-
-

100

100

All shares rank pari passu except that the holders of each share class are entitled to receive dividend payments of different amounts on each class of share or a dividend payable on one class of share to the exclusion of the other class, Ordinary A shares hold no voting rights and Ordinary A shares receive no surplus on the distribution of assets in the event of liquidation.



11.


Related party transactions

The Company has taken advantage of the exemptions provided by "Financial Reporting Standard 102" not to disclose transactions with the entities wholly owned within the group.
The Company has not entered into any material transactions with related parties that have not been conducted under normal market conditions.

 
Page 7