Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseProperties22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10217186 2022-07-01 2023-06-30 10217186 2021-07-01 2022-06-30 10217186 2023-06-30 10217186 2022-06-30 10217186 c:Director1 2022-07-01 2023-06-30 10217186 d:MotorVehicles 2022-07-01 2023-06-30 10217186 d:MotorVehicles 2023-06-30 10217186 d:MotorVehicles 2022-06-30 10217186 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10217186 d:CurrentFinancialInstruments 2023-06-30 10217186 d:CurrentFinancialInstruments 2022-06-30 10217186 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10217186 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10217186 d:ShareCapital 2023-06-30 10217186 d:ShareCapital 2022-06-30 10217186 d:RetainedEarningsAccumulatedLosses 2023-06-30 10217186 d:RetainedEarningsAccumulatedLosses 2022-06-30 10217186 c:FRS102 2022-07-01 2023-06-30 10217186 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10217186 c:FullAccounts 2022-07-01 2023-06-30 10217186 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 10217186









D R AND P M PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
D R AND P M PROPERTIES LTD
REGISTERED NUMBER: 10217186

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,035
13,380

  
10,035
13,380

Current assets
  

Stocks
 5 
317,588
-

Debtors: amounts falling due within one year
 6 
104,417
9,968

Cash at bank and in hand
 7 
126,684
1,083,334

  
548,689
1,093,302

Creditors: amounts falling due within one year
 8 
(192,947)
(687,368)

Net current assets
  
 
 
355,742
 
 
405,934

Total assets less current liabilities
  
365,777
419,314

Provisions for liabilities
  

Deferred tax
  
(3,390)
(3,390)

  
 
 
(3,390)
 
 
(3,390)

Net assets
  
362,387
415,924


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
362,385
415,922

  
362,387
415,924


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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.

Page 1

 
D R AND P M PROPERTIES LTD
REGISTERED NUMBER: 10217186
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Mayhew
Director

Date: 12 March 2024

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

Page 2

 
D R AND P M PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

D R and P M Properties Ltd is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the contents page. The nature of the Company's operations and its principal activities are set out in the Directors' report

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
D R AND P M PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.5

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:

Motor vehicles
-
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 4

 
D R AND P M PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

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 first in, first out 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
D R AND P M PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

2023
2022
£
£

Wages and salaries
285,998
229,208

Social security costs
1,937
-

287,935
229,208


The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
2
2


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 July 2022
24,292



At 30 June 2023

24,292



Depreciation


At 1 July 2022
10,912


Charge for the year on owned assets
3,345



At 30 June 2023

14,257



Net book value



At 30 June 2023
10,035



At 30 June 2022
13,380

Page 6

 
D R AND P M PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Stocks

2023
2022
£
£

Work in progress
317,588
-

317,588
-



6.


Debtors

2023
2022
£
£


Trade debtors
76,800
-

Other debtors
14,818
9,968

Tax recoverable
12,799
-

104,417
9,968



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
126,684
1,083,334

126,684
1,083,334



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
71,860
28,945

Corporation tax
-
58,591

Other taxation and social security
407
-

Other creditors
115,980
115,382

Accruals and deferred income
4,700
484,450

192,947
687,368


Page 7

 
D R AND P M PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Related party transactions

At the balance sheet date the company owed £115,980 (2022: £115,382) to D Robson, a director. This loan was interest-free and there were no terms for repayment. 

 
Page 8