Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312022-06-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity22falsetrue 13415426 2022-06-01 2023-03-31 13415426 2021-05-24 2022-05-31 13415426 2023-03-31 13415426 2022-05-31 13415426 c:Director2 2022-06-01 2023-03-31 13415426 d:FreeholdInvestmentProperty 2023-03-31 13415426 d:FreeholdInvestmentProperty 2022-05-31 13415426 d:CurrentFinancialInstruments 2023-03-31 13415426 d:CurrentFinancialInstruments 2022-05-31 13415426 d:Non-currentFinancialInstruments 2023-03-31 13415426 d:Non-currentFinancialInstruments 2022-05-31 13415426 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13415426 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13415426 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13415426 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 13415426 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13415426 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 13415426 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 13415426 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 13415426 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 13415426 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 13415426 d:ShareCapital 2023-03-31 13415426 d:ShareCapital 2022-05-31 13415426 d:RetainedEarningsAccumulatedLosses 2023-03-31 13415426 d:RetainedEarningsAccumulatedLosses 2022-05-31 13415426 c:OrdinaryShareClass1 2022-06-01 2023-03-31 13415426 c:OrdinaryShareClass1 2023-03-31 13415426 c:OrdinaryShareClass1 2022-05-31 13415426 c:FRS102 2022-06-01 2023-03-31 13415426 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-03-31 13415426 c:FullAccounts 2022-06-01 2023-03-31 13415426 c:PrivateLimitedCompanyLtd 2022-06-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 13415426












DOOA BROMLEY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023


 
REGISTERED NUMBER:13415426
DOOA BROMLEY LIMITED

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
31 May
2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,912,702
1,912,702

  
1,912,702
1,912,702

Current assets
  

Debtors: amounts falling due within one year
 5 
154,035
154,035

Cash at bank and in hand
  
49,327
36,506

  
203,362
190,541

Creditors: amounts falling due within one year
 6 
(954,041)
(943,662)

Net current liabilities
  
 
 
(750,679)
 
 
(753,121)

Total assets less current liabilities
  
1,162,023
1,159,581

Creditors: amounts falling due after more than one year
 7 
(1,080,427)
(1,101,389)

  

Net assets
  
81,596
58,192


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
81,595
58,191

  
81,596
58,192


Page 1


 
REGISTERED NUMBER:13415426
DOOA BROMLEY LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 period 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 profit and loss account 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 26 January 2024.




J Singh
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 

DOOA BROMLEY LIMITED

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

1.


General information

Dooa Bromley Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
.
The financial statements have been prepared for the period 1 June 2022 to 31 March 2023. 
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are 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

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate
resources to continue in operational existence and meet its liabilities as they fall due for the
foreseeable future, being a period of at least twelve months from the date these financial statements
were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.

  
2.3

Turnover

Turnover represents amounts receivable from rental income.
Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

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

 

DOOA BROMLEY LIMITED

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

2.Accounting policies (continued)

 
2.7

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 profit or loss.

 
2.8

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.

  
2.9

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

 
2.10

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.

Page 4

 

DOOA BROMLEY LIMITED

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

2.Accounting policies (continued)


2.11

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

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

Page 5

 

DOOA BROMLEY LIMITED

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

2.Accounting policies (continued)





Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 6

 

DOOA BROMLEY LIMITED

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

4.


Investment property





Freehold investment property

£



Valuation


At 1 June 2022
1,912,702



At 31 March 2023
1,912,702

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







5.


Debtors

31 March
31 May
2023
2022
£
£


Amounts owed by related parties
154,035
154,035


Amounts owed by related parties are interest free, have no fixed repayment date and are repayable on demand.


6.


Creditors: Amounts falling due within one year

31 March
31 May
2023
2022
£
£

Bank loans
46,800
46,800

Trade creditors
6,219
-

Amounts owed to group undertakings
814,408
851,748

Corporation tax
19,377
13,650

Other taxation and social security
13,885
9,540

Accruals and deferred income
53,352
21,924

954,041
943,662


Amounts owed to group undertakings are interest free, have no fixed repayment date and are repayable on demand.
The bank loan is secured by a fixed and floating charge over the assets of the company. The carrying amount of assets pledged as securities is £1,912,702.

Page 7

 

DOOA BROMLEY LIMITED

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

7.


Creditors: Amounts falling due after more than one year

31 March
31 May
2023
2022
£
£

Bank loans
1,080,427
1,101,389



8.


Loans


Analysis of the maturity of loans is given below:


31 March
31 May
2023
2022
£
£

Amounts falling due within one year

Bank loans
46,800
46,800

Amounts falling due 1-2 years

Bank loans
46,800
46,800

Amounts falling due 2-5 years

Bank loans
140,400
140,400

Amounts falling due after more than 5 years

Bank loans
893,227
914,189

1,127,227
1,148,189


Page 8

 

DOOA BROMLEY LIMITED

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

9.


Share capital

 31 March
 31 May
2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) ordinary share of £1.00
1
1



10.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures"  from disclosing transactions with entities which are a wholly owned part of the group.

 
Page 9