Caseware UK (AP4) 2022.0.179 2022.0.179 2No description of principal activityfalsefalsetrue22022-09-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08882693 2021-09-01 2022-08-31 08882693 2022-08-31 08882693 c:Director1 2022-09-01 2023-08-31 08882693 d:CurrentFinancialInstruments 2023-08-31 08882693 d:CurrentFinancialInstruments 2022-08-31 08882693 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08882693 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08882693 d:ShareCapital 2023-08-31 08882693 d:ShareCapital 2022-08-31 08882693 d:RetainedEarningsAccumulatedLosses 2023-08-31 08882693 d:RetainedEarningsAccumulatedLosses 2022-08-31 08882693 c:FRS102 2022-09-01 2023-08-31 08882693 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08882693 c:FullAccounts 2022-09-01 2023-08-31 08882693 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08882693 2022-09-01 2023-08-31 08882693 2023-08-31 iso4217:GBP xbrli:pure
Registered number: 08882693













Durham Gate (North) Limited

Financial statements
Information for filing with the registrar

31 August 2023




 
Durham Gate (North) Limited


Balance sheet
At 31 August 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
230,217
210,931

Debtors: amounts falling due within one year
 5 
221,332
284,602

Bank and cash balances
  
140,914
437,771

  
592,463
933,304

Creditors: amounts falling due within one year
 6 
(103,308)
(438,558)

Net current assets
  
 
 
489,155
 
 
494,746

Total assets less current liabilities
  
489,155
494,746

  

Net assets
  
489,155
494,746


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
489,153
494,744

Shareholders' funds
  
489,155
494,746


Page 1

 
Durham Gate (North) Limited

    
Balance sheet (continued)
At 31 August 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 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 March 2024.




Allan Cook
Director

Company registered number: 08882693
The notes on pages 3 to 5 form part of these financial statements. 

Page 2

 
Durham Gate (North) Limited
 
 

Notes to the financial statements
Year ended 31 August 2023

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The registered office is No 1 Durham Gate, Spennymoor, DL16 6FY. 

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.

 
2.3

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.

 
2.4

Stocks and work in progress

Stock is comprised of land and buildings under construction and is held at the lower of cost and net realisable value. 

 
2.5

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 to related parties and investments in ordinary shares.


3.


Employees

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

Page 3

 
Durham Gate (North) Limited
 
 

Notes to the financial statements
Year ended 31 August 2023

4.


Stocks

2023
2022
£
£

Work in progress
230,217
210,931

230,217
210,931


Page 4

 
Durham Gate (North) Limited
 
 

Notes to the financial statements
Year ended 31 August 2023

5.


Debtors

2023
2022
£
£


Other debtors
221,332
284,602

221,332
284,602



6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
-
426

Corporation tax
-
39,068

Other taxation and social security
-
73,424

Other creditors
101,000
322,540

Accruals and deferred income
2,308
3,100

103,308
438,558



7.


Related party transactions

The company operates loans with several companies under common control. At 31 August 2023 £216,100 was owed to the company (2022: £284,600), these loans are interest free, unsecured and repayable upon demand.

 
Page 5