Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseIt's principal activity during the period was buying an Investment property.22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11655758 2022-12-01 2023-11-30 11655758 2021-12-01 2022-11-30 11655758 2023-11-30 11655758 2022-11-30 11655758 c:Director5 2022-12-01 2023-11-30 11655758 c:Director6 2022-12-01 2023-11-30 11655758 d:FurnitureFittings 2022-12-01 2023-11-30 11655758 d:FurnitureFittings 2023-11-30 11655758 d:FurnitureFittings 2022-11-30 11655758 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11655758 d:FreeholdInvestmentProperty 2023-11-30 11655758 d:FreeholdInvestmentProperty 2022-11-30 11655758 d:CurrentFinancialInstruments 2023-11-30 11655758 d:CurrentFinancialInstruments 2022-11-30 11655758 d:Non-currentFinancialInstruments 2023-11-30 11655758 d:Non-currentFinancialInstruments 2022-11-30 11655758 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11655758 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11655758 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11655758 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11655758 d:ShareCapital 2023-11-30 11655758 d:ShareCapital 2022-11-30 11655758 d:RetainedEarningsAccumulatedLosses 2023-11-30 11655758 d:RetainedEarningsAccumulatedLosses 2022-11-30 11655758 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11655758 c:OrdinaryShareClass1 2023-11-30 11655758 c:FRS102 2022-12-01 2023-11-30 11655758 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11655758 c:FullAccounts 2022-12-01 2023-11-30 11655758 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11655758 2 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11655758













DIY PROPERTIES (2018) LIMITED
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
DIY PROPERTIES (2018) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5

 
DIY PROPERTIES (2018) LIMITED
REGISTERED NUMBER:11655758

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,499
26,216

Investment property
 5 
3,435,266
3,435,266

  
3,454,765
3,461,482

Current assets
  

Debtors: amounts falling due within one year
 6 
9,581
8,915

Cash at bank and in hand
  
157,293
73,275

  
166,874
82,190

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(90,059)
(65,308)

Total assets less current liabilities
  
3,531,580
3,478,364

Creditors: amounts falling due after more than one year
 8 
(2,561,017)
(2,561,017)

  

Net assets
  
970,563
917,347


Capital and reserves
  

Called up share capital 
 9 
915,715
915,715

Profit and loss account
  
54,848
1,632

  
970,563
917,347

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 24 July 2024.



M Fisher
S Grofman
Director
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
DIY PROPERTIES (2018) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

DIY Properties (2018) Limited is a private limited company incorporated in England and Wales. It's registered office and business address is C/O No. 1 London Bridge, London, SE1 9BG. 
It's principal activity during the period was that of property investment.

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

Turnover

Turnover comprises revenue recognised by the company in respect of rent and services receivable for the year. 
Rental income from investment properties is recognised on a straight-line basis over the rental agreement term.

 
2.3

Interest income

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

 
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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line method

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 2

 
DIY PROPERTIES (2018) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. 

 
2.7

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.


3.


Employees

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

Page 3

 
DIY PROPERTIES (2018) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 December 2022
33,583



At 30 November 2023

33,583



Depreciation


At 1 December 2022
7,367


Charge for the year on owned assets
6,717



At 30 November 2023

14,084



Net book value



At 30 November 2023
19,499



At 30 November 2022
26,216


5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2022
3,435,266



At 30 November 2023
3,435,266

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






Page 4

 
DIY PROPERTIES (2018) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,500
1,341

Prepayments and accrued income
8,081
7,574

9,581
8,915



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Taxation and social security
20,142
2,847

Other creditors
11,458
11,458

Accruals and deferred income
58,459
51,003

90,059
65,308



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
2,561,017
2,561,017



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



915,715 Ordinary shares of £1 each
915,715
915,715


 
Page 5