Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-012falseNo description of principal activityfalse2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10526564 2022-02-01 2023-01-31 10526564 2021-02-01 2022-01-31 10526564 2023-01-31 10526564 2022-01-31 10526564 c:Director1 2022-02-01 2023-01-31 10526564 d:CurrentFinancialInstruments 2023-01-31 10526564 d:CurrentFinancialInstruments 2022-01-31 10526564 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10526564 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 10526564 d:ShareCapital 2023-01-31 10526564 d:ShareCapital 2022-01-31 10526564 d:InvestmentPropertiesRevaluationReserve 2023-01-31 10526564 d:InvestmentPropertiesRevaluationReserve 2022-01-31 10526564 d:RetainedEarningsAccumulatedLosses 2023-01-31 10526564 d:RetainedEarningsAccumulatedLosses 2022-01-31 10526564 c:FRS102 2022-02-01 2023-01-31 10526564 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 10526564 c:FullAccounts 2022-02-01 2023-01-31 10526564 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 10526564 d:OtherDeferredTax 2023-01-31 10526564 d:OtherDeferredTax 2022-01-31 10526564 d:Right-of-useInvestmentProperty 2023-01-31 10526564 d:Right-of-useInvestmentProperty 2022-01-31 10526564 d:Right-of-useInvestmentProperty 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 10526564









DOVERCOURT INVESTMENTS ESSEX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
DOVERCOURT INVESTMENTS ESSEX LIMITED
REGISTERED NUMBER: 10526564

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
300,000
78,090

  
300,000
78,090

Current assets
  

Cash at bank and in hand
 5 
-
12

  
-
12

Creditors: amounts falling due within one year
 6 
(81,591)
(81,243)

Net current liabilities
  
 
 
(81,591)
 
 
(81,231)

Total assets less current liabilities
  
218,409
(3,141)

Provisions for liabilities
  

Deferred tax
 7 
(55,478)
-

  
 
 
(55,478)
 
 
-

Net assets/(liabilities)
  
162,931
(3,141)


Capital and reserves
  

Called up share capital 
  
12
12

Investment property reserve
  
166,433
-

Profit and loss account
  
(3,514)
(3,153)

  
162,931
(3,141)


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.

Page 1

 
DOVERCOURT INVESTMENTS ESSEX LIMITED
REGISTERED NUMBER: 10526564
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 April 2024.

Ugur Kaan Isbasaran
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DOVERCOURT INVESTMENTS ESSEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Dovercourt Investments Essex Limited is a private company limited by share capital, incorporated in England and Wales, registration number 10526564. The address of the registered office is 291 Green Lanes, London N13 4XS.

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

The director's are of the opinion that the company can continue trading as a going concern for a period of at least 12 months from the approval of the financial statements. The company has no fixed overheads and incur incidental administrative costs that they will continue to support.

 
2.3

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.

Page 3

 
DOVERCOURT INVESTMENTS ESSEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the Directors 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 the Statement of Comprehensive Income.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the
Page 4

 
DOVERCOURT INVESTMENTS ESSEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.6

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.

 
2.7

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.

Page 5

 
DOVERCOURT INVESTMENTS ESSEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

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 balance sheet 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 Balance Sheet.


3.


Employees

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


4.


Investment property


Property held for develop-ment

£



Valuation


At 1 February 2022
78,090


Surplus on revaluation
221,910



At 31 January 2023
300,000

The 2023 valuations were made by the Directors, on an open market value for existing use basis.








5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
12

-
12


Page 6

 
DOVERCOURT INVESTMENTS ESSEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
681
631

Other creditors
80,490
80,192

Accruals and deferred income
420
420

81,591
81,243



7.


Deferred taxation




2023


£






Charged to profit or loss
(55,478)



At end of year
(55,478)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Fair value movement
(55,478)
-

(55,478)
-


8.


Related party transactions

Included within Other Creditors due in less than one year are loan amounts of £61,310 (2022: £60,000) due to the Directors and £19,142 (2022: £19,142) due to a company under common control. The loans are unsecured, free of interest and repayable on demand.

 
Page 7