Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-12-0168209 - Other letting and operating of own or leased real estate2true2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13747328 2022-12-01 2023-10-31 13747328 2021-11-01 2022-11-30 13747328 2023-10-31 13747328 2022-11-30 13747328 c:Director2 2022-12-01 2023-10-31 13747328 d:FreeholdInvestmentProperty 2022-12-01 2023-10-31 13747328 d:FreeholdInvestmentProperty 2023-10-31 13747328 d:CurrentFinancialInstruments 2023-10-31 13747328 d:CurrentFinancialInstruments 2022-11-30 13747328 d:Non-currentFinancialInstruments 2023-10-31 13747328 d:Non-currentFinancialInstruments 2022-11-30 13747328 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13747328 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13747328 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 13747328 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 13747328 d:ShareCapital 2023-10-31 13747328 d:ShareCapital 2022-11-30 13747328 d:RetainedEarningsAccumulatedLosses 2023-10-31 13747328 d:RetainedEarningsAccumulatedLosses 2022-11-30 13747328 c:OrdinaryShareClass1 2022-12-01 2023-10-31 13747328 c:OrdinaryShareClass1 2023-10-31 13747328 c:OrdinaryShareClass1 2022-11-30 13747328 c:FRS102 2022-12-01 2023-10-31 13747328 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-10-31 13747328 c:FullAccounts 2022-12-01 2023-10-31 13747328 c:PrivateLimitedCompanyLtd 2022-12-01 2023-10-31 13747328 6 2022-12-01 2023-10-31 13747328 e:PoundSterling 2022-12-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13747328









DAUNTLESS DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
DAUNTLESS DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13747328

BALANCE SHEET
AS AT 31 OCTOBER 2023

31 October
30 November
2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
300
300

Investment property
  
2,096,970
-

  
2,097,270
300

Current assets
  

Debtors: amounts falling due within one year
 6 
1,065,917
300

Cash at bank and in hand
 7 
853,625
2,000,000

  
1,919,542
2,000,300

Creditors: amounts falling due within one year
 8 
(3,137)
(300)

Net current assets
  
 
 
1,916,405
 
 
2,000,000

Total assets less current liabilities
  
4,013,675
2,000,300

Creditors: amounts falling due after more than one year
 9 
(4,000,000)
(2,000,000)

  

Net assets
  
13,675
300


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
13,375
-

  
13,675
300


Page 1

 
DAUNTLESS DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13747328
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 period 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 July 2024.




T D Mcnulty
Director

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

Page 2

 
DAUNTLESS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Dauntless Developments Limited is a private company limited by shares and incorporated in England and
Wales. The address of the registered office is Horizon Business Centre Veridion Park, Unit 28 Alder Close, Erith, Kent, England, DA18 4AJ.
The principal activity of the company during the year has been that of letting and operating of own or
leased real estate.

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

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.

 
2.3

Taxation

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.

Page 3

 
DAUNTLESS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees




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

Page 4

 
DAUNTLESS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Fixed asset investments








Investments

£



Cost or valuation


At 1 December 2022
300



At 31 October 2023
300





5.


Investment property





Freehold investment property

£



Valuation


Additions at cost
2,096,970



At 31 October 2023
2,096,970

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



At 31 October 2023





6.


Debtors

31 October
30 November
2023
2022
£
£


Other debtors
1,065,617
-

Called up share capital not paid
300
300

1,065,917
300


Page 5

 
DAUNTLESS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

7.


Cash and cash equivalents

31 October
30 November
2023
2022
£
£

Cash at bank and in hand
853,625
2,000,000

853,625
2,000,000



8.


Creditors: Amounts falling due within one year

31 October
30 November
2023
2022
£
£

Trade creditors
-
300

Corporation tax
3,137
-

3,137
300



9.


Creditors: Amounts falling due after more than one year

31 October
30 November
2023
2022
£
£

Other creditors
4,000,000
2,000,000

4,000,000
2,000,000



10.


Share capital

31 October
30 November
2023
2022
£
£
Allotted, called up and fully paid



300 (2022 - 300) Ordinary share shares of £1.00 each
300
300


Page 6

 
DAUNTLESS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

11.


Controlling party

The directors are the ultimate controlling party of the company by virtue of their shareholdings.

 
Page 7