Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.482022-08-0146false 03401163 2022-08-01 2023-07-31 03401163 2021-08-01 2022-07-31 03401163 2023-07-31 03401163 2022-07-31 03401163 c:Director1 2022-08-01 2023-07-31 03401163 c:Director4 2022-08-01 2023-07-31 03401163 c:RegisteredOffice 2022-08-01 2023-07-31 03401163 d:Buildings 2022-08-01 2023-07-31 03401163 d:Buildings 2023-07-31 03401163 d:Buildings 2022-07-31 03401163 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03401163 d:PlantMachinery 2022-08-01 2023-07-31 03401163 d:PlantMachinery 2023-07-31 03401163 d:PlantMachinery 2022-07-31 03401163 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03401163 d:MotorVehicles 2022-08-01 2023-07-31 03401163 d:MotorVehicles 2023-07-31 03401163 d:MotorVehicles 2022-07-31 03401163 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03401163 d:OfficeEquipment 2022-08-01 2023-07-31 03401163 d:OfficeEquipment 2023-07-31 03401163 d:OfficeEquipment 2022-07-31 03401163 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03401163 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03401163 d:CurrentFinancialInstruments 2023-07-31 03401163 d:CurrentFinancialInstruments 2022-07-31 03401163 d:Non-currentFinancialInstruments 2023-07-31 03401163 d:Non-currentFinancialInstruments 2022-07-31 03401163 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03401163 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 03401163 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 03401163 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 03401163 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 03401163 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 03401163 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 03401163 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 03401163 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 03401163 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 03401163 d:ShareCapital 2023-07-31 03401163 d:ShareCapital 2022-07-31 03401163 d:RevaluationReserve 2023-07-31 03401163 d:RevaluationReserve 2022-07-31 03401163 d:RetainedEarningsAccumulatedLosses 2023-07-31 03401163 d:RetainedEarningsAccumulatedLosses 2022-07-31 03401163 c:FRS102 2022-08-01 2023-07-31 03401163 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 03401163 c:FullAccounts 2022-08-01 2023-07-31 03401163 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03401163 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 03401163 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 iso4217:GBP xbrli:pure
Company registration number: 03401163







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


DERRIFORD HOUSE LIMITED






































                        

 


DERRIFORD HOUSE LIMITED
 


 
COMPANY INFORMATION


Directors
G D Pope 
J Knowles 




Registered number
03401163



Registered office
Derriford House
Pinewood Hill

Fleet

Hampshire

GU51 3AW




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


DERRIFORD HOUSE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


DERRIFORD HOUSE LIMITED
REGISTERED NUMBER:03401163



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,956,020
4,012,667

  
3,956,020
4,012,667

Current assets
  

Stocks
  
1,247
1,247

Debtors: amounts falling due within one year
 5 
1,784,531
1,716,737

Cash at bank and in hand
  
445,858
523,143

  
2,231,636
2,241,127

Creditors: amounts falling due within one year
 6 
(351,790)
(311,682)

Net current assets
  
 
 
1,879,846
 
 
1,929,445

Total assets less current liabilities
  
5,835,866
5,942,112

Creditors: amounts falling due after more than one year
 7 
(1,591,929)
(1,797,485)

Provisions for liabilities
  

Deferred tax
 9 
(8,398)
(7,420)

  
 
 
(8,398)
 
 
(7,420)

Net assets
  
4,235,539
4,137,207


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Revaluation reserve
  
2,846,639
2,846,639

Profit and loss account
  
1,386,900
1,288,568

  
4,235,539
4,137,207


Page 1

 


DERRIFORD HOUSE LIMITED
REGISTERED NUMBER:03401163


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 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: 




J Knowles
Director

Date: 23 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


DERRIFORD HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Derriford House Limited is a private company limited by shares incorporated in England and Wales. The registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and 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

Revenue

Turnover represents residents fees payable and rental income for the period. The company's trading activities are exempt from VAT.

  
2.3

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

 
2.4

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:

Freehold property
-
2% on cost
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance

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 3

 


DERRIFORD HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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 taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted. No provision is made for deferred tax on gains recognised on revaluing property to its market value unless the company intends to sell the revalued assets.

  
2.6

Financial instruments

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 entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


3.


Employees

The average monthly number of employees, including directors, during the year was 46 (2022 - 48).

Page 4

 


DERRIFORD HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2022
4,434,322
212,369
21,300
120,117
4,788,108


Additions
6,738
19,165
-
622
26,525



At 31 July 2023

4,441,060
231,534
21,300
120,739
4,814,633



Depreciation


At 1 August 2022
460,573
180,442
20,534
113,892
775,441


Charge for the year on owned assets
72,437
8,844
192
1,699
83,172



At 31 July 2023

533,010
189,286
20,726
115,591
858,613



Net book value



At 31 July 2023
3,908,050
42,248
574
5,148
3,956,020



At 31 July 2022
3,973,749
31,927
766
6,225
4,012,667

Page 5

 


DERRIFORD HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

As restated
2023
2022
£
£


Amounts due from the residents
39,034
(28,232)

Amounts owed by group undertakings
1,742,464
1,742,464

Other debtors
1,131
1,132

Prepayments and accrued income
1,902
1,373

1,784,531
1,716,737



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
207,661
164,362

Trade creditors
(399)
4,419

Corporation tax
45,602
65,705

Other taxation and social security
9,525
13,307

Other creditors
75,868
51,181

Accruals and deferred income
13,533
12,708

351,790
311,682



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,591,929
1,797,485

1,591,929
1,797,485


Secured loans:
The bank loan is secured.
HSBC Bank Plc has made a charge on 31 July 2017 on freehold property.
HSBC Bank Plc has a charge made on 31 July 2017 on all property and undertaking of the company.
J Knowles has a charge made on 31 July 2017 on the freehold property.

Page 6

 


DERRIFORD HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
207,661
164,362


207,661
164,362

Amounts falling due 1-2 years

Bank loans
209,925
169,944


209,925
169,944

Amounts falling due 2-5 years

Bank loans
618,009
459,794


618,009
459,794

Amounts falling due after more than 5 years

Bank loans
763,995
1,167,747

763,995
1,167,747

1,799,590
1,961,847



9.


Deferred taxation




2023


£






At beginning of year
(7,420)


Charged to profit or loss
(978)



At end of year
(8,398)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(8,398)
(7,420)

(8,398)
(7,420)

Page 7

 


DERRIFORD HOUSE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Prior year adjustment

The accounts have been restated to incorporate the impact of a corporation tax provision being excluded from the Statement of Income and Retained Earnings. The change has resulted in profits available for distribution at 31 July 2022 decreasing after tax by £65,705.

 
Page 8