Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31falseNo description of principal activity332022-08-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12097660 2022-08-01 2023-07-31 12097660 2021-08-01 2022-07-31 12097660 2023-07-31 12097660 2022-07-31 12097660 c:Director3 2022-08-01 2023-07-31 12097660 d:CurrentFinancialInstruments 2023-07-31 12097660 d:CurrentFinancialInstruments 2022-07-31 12097660 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12097660 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12097660 d:ShareCapital 2023-07-31 12097660 d:ShareCapital 2022-07-31 12097660 d:RetainedEarningsAccumulatedLosses 2023-07-31 12097660 d:RetainedEarningsAccumulatedLosses 2022-07-31 12097660 c:FRS102 2022-08-01 2023-07-31 12097660 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12097660 c:FullAccounts 2022-08-01 2023-07-31 12097660 c:CompanyLimitedByGuarantee 2022-08-01 2023-07-31 12097660 2 2022-08-01 2023-07-31 12097660 6 2022-08-01 2023-07-31 12097660 2 2023-07-31 12097660 2 2022-07-31 12097660 f:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12097660










DUNDRUM INVESTMENTS LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
DUNDRUM INVESTMENTS LIMITED
REGISTERED NUMBER: 12097660

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
14,738,892
15,562,125

  
14,738,892
15,562,125

Current assets
  

Cash at bank and in hand
  
8,296,561
4,670,798

  
8,296,561
4,670,798

Creditors: amounts falling due within one year
 5 
(17,496,239)
(18,068,252)

Net current liabilities
  
 
 
(9,199,678)
 
 
(13,397,454)

Total assets less current liabilities
  
5,539,214
2,164,671

  

Net assets
  
5,539,214
2,164,671


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
5,539,114
2,164,571

  
5,539,214
2,164,671


Page 1

 
DUNDRUM INVESTMENTS LIMITED
REGISTERED NUMBER: 12097660
    
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 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 30 July 2024.

Trelawny S.R.L.
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DUNDRUM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Dundrum Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12097660. The registered office is 10 Queen Street Place, London, EC4R 1AG.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

  
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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DUNDRUM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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 reporting date in the countries where the Company operates and generates income.

 
2.7

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 reporting 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.

 
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

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.

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.

Page 4

 
DUNDRUM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

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 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.

Page 5

 
DUNDRUM INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2022
15,562,125


Revaluations
(823,233)



At 31 July 2023
14,738,892






Net book value



At 31 July 2023
14,738,892



At 31 July 2022
15,562,125


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Debenture loans
14,730,000
14,730,000

Trade creditors
7,156
-

Corporation tax
13,317
-

Other creditors
2,709,748
3,331,652

Accruals and deferred income
36,018
6,600



6.


Related party transactions

Included in creditors is a loan of £14,730,000 from a company director.

 
Page 6