Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01No description of principal activity33true 11698741 2023-04-01 2024-03-31 11698741 2022-04-01 2023-03-31 11698741 2024-03-31 11698741 2023-03-31 11698741 c:Director1 2023-04-01 2024-03-31 11698741 c:Director2 2023-04-01 2024-03-31 11698741 c:RegisteredOffice 2023-04-01 2024-03-31 11698741 d:OfficeEquipment 2023-04-01 2024-03-31 11698741 d:OfficeEquipment 2024-03-31 11698741 d:OfficeEquipment 2023-03-31 11698741 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11698741 d:ComputerEquipment 2023-04-01 2024-03-31 11698741 d:ComputerEquipment 2024-03-31 11698741 d:ComputerEquipment 2023-03-31 11698741 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11698741 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11698741 d:CurrentFinancialInstruments 2024-03-31 11698741 d:CurrentFinancialInstruments 2023-03-31 11698741 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11698741 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11698741 d:ShareCapital 2024-03-31 11698741 d:ShareCapital 2023-03-31 11698741 d:SharePremium 2024-03-31 11698741 d:SharePremium 2023-03-31 11698741 d:RetainedEarningsAccumulatedLosses 2024-03-31 11698741 d:RetainedEarningsAccumulatedLosses 2023-03-31 11698741 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11698741 c:OrdinaryShareClass1 2024-03-31 11698741 c:OrdinaryShareClass1 2023-03-31 11698741 c:FRS102 2023-04-01 2024-03-31 11698741 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11698741 c:FullAccounts 2023-04-01 2024-03-31 11698741 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11698741 2 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 11698741












DAWN RIDER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 

DAWN RIDER LTD

CONTENTS



Page
Company information
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 9


 

DAWN RIDER LTD
 
COMPANY INFORMATION


Directors
M Wan 
J Zeng 




Registered number
11698741



Registered office
First Floor
85 Great Portland Street

London

W1W 7LT




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:11698741
DAWN RIDER LTD

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,600
1,614

Current assets
  

Debtors: amounts falling due within one year
 5 
5,349
18,460

Cash at bank and in hand
  
313,111
140,603

  
318,460
159,063

Creditors: amounts falling due within one year
 6 
(92,723)
(5,299)

Net current assets
  
 
 
225,737
 
 
153,764

  

Net assets
  
230,337
155,378


Capital and reserves
  

Called up share capital 
 7 
160
160

Share premium account
  
199,940
199,940

Profit and loss account
  
30,237
(44,722)

Total equity
  
230,337
155,378


Page 2


 
REGISTERED NUMBER:11698741
DAWN RIDER LTD
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 by: 




M Wan
Director

Date: 16 April 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 

DAWN RIDER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Dawn Rider Ltd is a private company limited by shares incorporated in England and Wales. Its registered office is First Floor, 85 Great Portland Street, London, W1W 7LT.

The financial statements are presented in Sterling (£), which is the functional currency of the company.

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

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 

DAWN RIDER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
50%

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.

Page 5

 

DAWN RIDER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.7

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 cash and bank balances 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, 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.
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.
 
Page 6

 

DAWN RIDER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

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.

 
2.8

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.


  
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.10

Share capital

Ordinary shares are classified as equity.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 7

 

DAWN RIDER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 April 2023
624
7,288
7,912


Additions
-
4,664
4,664


Disposals
-
(3,331)
(3,331)



At 31 March 2024

624
8,621
9,245



Depreciation


At 1 April 2023
253
6,045
6,298


Charge for the year on owned assets
156
1,522
1,678


Disposals
-
(3,331)
(3,331)



At 31 March 2024

409
4,236
4,645



Net book value



At 31 March 2024
215
4,385
4,600



At 31 March 2023
371
1,243
1,614


5.


Debtors

2024
2023
£
£


Trade debtors
-
18,152

Other debtors
941
308

Prepayments and accrued income
4,408
-

5,349
18,460


Page 8

 

DAWN RIDER LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
54,685
401

Corporation tax
9,059
-

Other taxation and social security
9,455
540

Other creditors
15,607
191

Accruals and deferred income
3,917
4,167

92,723
5,299



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



160 (2023 - 160) Ordinary shares of £1.00 each
160
160



8.


Pension commitments

The Company operates a personal pension schemes for the benefits of its employees. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the funds and amounted to £2,251 (2023: £824). Contributions totalling £607 (2023: £191) were payable to the funds at the balance sheet date.

 
Page 9