Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31trueProperty investment2022-09-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12172853 2022-09-01 2023-08-31 12172853 2021-09-01 2022-08-31 12172853 2023-08-31 12172853 2022-08-31 12172853 c:Director1 2022-09-01 2023-08-31 12172853 d:ComputerEquipment 2022-09-01 2023-08-31 12172853 d:ComputerEquipment 2023-08-31 12172853 d:ComputerEquipment 2022-08-31 12172853 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 12172853 d:CurrentFinancialInstruments 2023-08-31 12172853 d:CurrentFinancialInstruments 2022-08-31 12172853 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12172853 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 12172853 d:ShareCapital 2023-08-31 12172853 d:ShareCapital 2022-08-31 12172853 d:RetainedEarningsAccumulatedLosses 2023-08-31 12172853 d:RetainedEarningsAccumulatedLosses 2022-08-31 12172853 c:FRS102 2022-09-01 2023-08-31 12172853 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12172853 c:FullAccounts 2022-09-01 2023-08-31 12172853 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 12172853










DEINDE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
DEINDE LIMITED
REGISTERED NUMBER: 12172853

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
490
-

  
490
-

Current assets
  

Stocks
  
2,347,947
-

Debtors: amounts falling due within one year
 5 
-
100

Cash at bank and in hand
  
3,377
-

  
2,351,324
100

Creditors: amounts falling due within one year
 6 
(2,363,499)
-

Net current (liabilities)/assets
  
 
 
(12,175)
 
 
100

Total assets less current liabilities
  
(11,685)
100

  

Net (liabilities)/assets
  
(11,685)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(11,785)
-

  
(11,685)
100


Page 1

 
DEINDE LIMITED
REGISTERED NUMBER: 12172853
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 profit and loss account or the director's report 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 by: 




Mr C A Gainsford
Director

Date: 11 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DEINDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Deinde Limited is a private company limited by shares and is registered in England and Wales (12172853). The registered office address is 14th Floor, 33 Cavendish Square, London W1G 0PW. 

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

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors and financiers which, in the opinion of the directors, the company has for the foreseeable future.

 
2.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%

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.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
DEINDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 4

 
DEINDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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

Page 5

 
DEINDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Computer equipment

£



Cost 


Additions
603



At 31 August 2023

603



Depreciation


Charge for the year on owned assets
113



At 31 August 2023

113



Net book value



At 31 August 2023
490



At 31 August 2022
-


5.


Debtors

2023
2022
£
£


Called up share capital not paid
-
100



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
2,361,099
-

Accruals and deferred income
2,400
-

2,363,499
-



7.


Related party transactions

Included within other creditors is an amount of £2,361,099 (2022: £Nil) owed to the director of the company. This amount is interest free and repayable on demand.

Page 6

 
DEINDE LIMITED
 
 
These pages do not form part of the statutory financial statements Page 7