Caseware UK (AP4) 2022.0.179 2022.0.179 No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false00true 11893878 2022-04-01 2023-03-31 11893878 2021-04-01 2022-03-31 11893878 2023-03-31 11893878 2022-03-31 11893878 c:Director1 2022-04-01 2023-03-31 11893878 d:FreeholdInvestmentProperty 2023-03-31 11893878 d:FreeholdInvestmentProperty 2022-03-31 11893878 d:CurrentFinancialInstruments 2023-03-31 11893878 d:CurrentFinancialInstruments 2022-03-31 11893878 d:Non-currentFinancialInstruments 2023-03-31 11893878 d:Non-currentFinancialInstruments 2022-03-31 11893878 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11893878 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11893878 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11893878 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11893878 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11893878 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 11893878 d:ShareCapital 2023-03-31 11893878 d:ShareCapital 2022-03-31 11893878 d:RetainedEarningsAccumulatedLosses 2023-03-31 11893878 d:RetainedEarningsAccumulatedLosses 2022-03-31 11893878 c:FRS102 2022-04-01 2023-03-31 11893878 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11893878 c:FullAccounts 2022-04-01 2023-03-31 11893878 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11893878










DEALTONE LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
DEALTONE LTD
Registered number: 11893878

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
862,810
862,810

  
862,810
862,810

Current assets
  

Debtors: amounts falling due within one year
  
1,700
-

Cash at bank and in hand
 6 
99,644
37,440

  
101,344
37,440

Creditors: amounts falling due within one year
 7 
(874,154)
(827,358)

Net current liabilities
  
 
 
(772,810)
 
 
(789,918)

Total assets less current liabilities
  
90,000
72,892

Creditors: amounts falling due after more than one year
 8 
(45,303)
(50,000)

  

Net assets
  
44,697
22,892


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
44,693
22,888

  
44,697
22,892


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 20 November 2023.

Page 1

 
DEALTONE LTD
Registered number: 11893878
    
Balance sheet (continued)
As at 31 March 2023




Mr N Vogiel
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DEALTONE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

1.


General information

Dealtone Ltd is a private company limited by shares, registered in England and Wales with registration number 11893878. The registered office is at 38 Moresby Road, London, E5 9LF.

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

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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 3

 
DEALTONE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
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.


3.


Employees

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

Page 4

 
DEALTONE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
862,810



At 31 March 2023
862,810

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
862,810
862,810

862,810
862,810

Page 5

 
DEALTONE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

5.


Debtors

2023
2022
£
£


Other debtors
1,700
-

1,700
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
99,645
37,440

99,645
37,440



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,348
-

Payments received on account
17,575
-

Trade creditors
73,583
48,138

Corporation tax
5,115
5,149

Other creditors
774,333
773,521

Accruals and deferred income
1,200
550

874,154
827,358



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
45,303
50,000

45,303
50,000


Page 6

 
DEALTONE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
2,348
-


2,348
-


Amounts falling due 2-5 years

Bank loans
45,303
50,000


47,651
50,000


 
Page 7