Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-2822022-03-01falseNo description of principal activity2truetrue 09178001 2022-03-01 2023-02-28 09178001 2021-03-01 2022-02-28 09178001 2023-02-28 09178001 2022-02-28 09178001 2021-03-01 09178001 c:Director1 2022-03-01 2023-02-28 09178001 c:Director2 2022-03-01 2023-02-28 09178001 c:RegisteredOffice 2022-03-01 2023-02-28 09178001 d:CurrentFinancialInstruments 2023-02-28 09178001 d:CurrentFinancialInstruments 2022-02-28 09178001 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09178001 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09178001 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 09178001 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 09178001 d:ShareCapital 2023-02-28 09178001 d:ShareCapital 2021-03-01 2022-02-28 09178001 d:ShareCapital 2022-02-28 09178001 d:ShareCapital 2021-03-01 09178001 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 09178001 d:RetainedEarningsAccumulatedLosses 2023-02-28 09178001 d:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 09178001 d:RetainedEarningsAccumulatedLosses 2022-02-28 09178001 d:RetainedEarningsAccumulatedLosses 2021-03-01 09178001 c:FRS102 2022-03-01 2023-02-28 09178001 c:Audited 2022-03-01 2023-02-28 09178001 c:FullAccounts 2022-03-01 2023-02-28 09178001 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09178001 c:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 09178001 d:RetirementBenefitObligationsDeferredTax 2023-02-28 09178001 d:RetirementBenefitObligationsDeferredTax 2022-02-28 09178001 d:OtherDeferredTax 2023-02-28 09178001 d:OtherDeferredTax 2022-02-28 iso4217:GBP xbrli:pure
Company registration number: 09178001







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2023


DEWA NORTHOLT UNIT 1 LIMITED






































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DEWA NORTHOLT UNIT 1 LIMITED
 
 
COMPANY INFORMATION


Directors
E Ahlin 
M Weston 




Registered number
09178001



Registered office
Unit 1 Northolt Trading Estate
Belvue Road

Northolt

Middlesex

UB5 5QS




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 
DEWA NORTHOLT UNIT 1 LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 7


 
DEWA NORTHOLT UNIT 1 LIMITED
REGISTERED NUMBER:09178001

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
3,735,000
3,450,000

  
3,735,000
3,450,000

Current assets
  

Debtors: amounts falling due within one year
 4 
1,770,308
1,283,317

Cash at bank and in hand
  
24,092
65,995

  
1,794,400
1,349,312

Creditors: amounts falling due within one year
 5 
(951,824)
(759,565)

Net current assets
  
 
 
842,576
 
 
589,747

Total assets less current liabilities
  
4,577,576
4,039,747

Creditors: amounts falling due after more than one year
  
(2,572,651)
(2,317,630)

Provisions for liabilities
  

Deferred tax
 6 
(484,990)
(414,968)

  
 
 
(484,990)
 
 
(414,968)

Net assets
  
1,519,935
1,307,149


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,519,835
1,307,049

  
1,519,935
1,307,149


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 income and retained earnings 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: 




................................................
E Ahlin
Director

Date: 29 November 2023
Page 1

 
DEWA NORTHOLT UNIT 1 LIMITED
REGISTERED NUMBER:09178001
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023


The notes on pages 4 to 7 form part of these financial statements.

Page 2

 

DEWA NORTHOLT UNIT 1 LIMITED
 
 
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 March 2021
100
1,193,347
1,193,447



Comprehensive income for the year


Profit for the year
-
213,702
213,702

Total comprehensive income for the year
-
213,702
213,702



Contributions by and distributions to owners


Dividends: Equity capital
-
(100,000)
(100,000)





At 1 March 2022
100
1,307,049
1,307,149



Comprehensive income for the year


Profit for the year

-
232,786
232,786



Contributions by and distributions to owners


Dividends: Equity capital
-
(20,000)
(20,000)



At 28 February 2023
100
1,519,835
1,519,935



The notes on pages 4 to 7 form part of these financial statements.

The profit and loss account balance above includes amounts in relation to revaluations of fixed assets, which are non distributable amounts. The amounts of non distributable reserves are  £1,452,169  (2022: £1,246,930). 

Page 3

 
DEWA NORTHOLT UNIT 1 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

DEWA Northolt Unit 1 Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.
The principal activity of the company during the year was that of a property investment 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 Republic of Ireland the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

Going concern

A new rental income lease agreement was signed with a connected company  Air-Sea Packing Group Limited in 2015 for a 10 year term. The company has sufficient resources to pay its liabilities as they fall due. For this reason, the Directors continue to adopt the going concern basis of accounting in preparing these annual 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.

Page 4

 
DEWA NORTHOLT UNIT 1 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
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

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 5

 
DEWA NORTHOLT UNIT 1 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
1,770,308
1,283,317

1,770,308
1,283,317



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
176,678
69,500

Amounts owed to group undertakings
120,000
100,000

Corporation tax
5,329
18,906

Other taxation and social security
11,310
13,287

Other creditors
628,507
557,872

Accruals and deferred income
10,000
-

951,824
759,565



6.


Deferred taxation

Page 6

 
DEWA NORTHOLT UNIT 1 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
 
6.Deferred taxation (continued)




2023


£






At beginning of year
(414,968)


Charged to profit or loss
(70,022)



At end of year
(484,990)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Short term timing differences
-
1,207

Capital gains on revalued property
(484,990)
(416,175)

(484,990)
(414,968)


7.


Ultimate parent undertaking and controlling party

In the opinion of the directors there is no ultimate controlling party.
The ultimate parent company is WEDA Northolt Limited, a company that is incorporated in England and Wales, whose registered office is Unit 1 Northolt Trading Estate, Belvue Road, Northolt, Middlesex, United Kingdom, UB5 5QS. 


8.


Auditors' information

The auditors' report on the financial statements for the year ended 28 February 2023 was unqualified.

The audit report was signed on 29 November 2023 by Andrew Galliers FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 7