Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30No description of principal activity2022-12-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12266608 2022-12-01 2023-11-30 12266608 2021-12-01 2022-11-30 12266608 2023-11-30 12266608 2022-11-30 12266608 c:Director2 2022-12-01 2023-11-30 12266608 d:CurrentFinancialInstruments 2023-11-30 12266608 d:CurrentFinancialInstruments 2022-11-30 12266608 d:Non-currentFinancialInstruments 2023-11-30 12266608 d:Non-currentFinancialInstruments 2022-11-30 12266608 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12266608 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12266608 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 12266608 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 12266608 d:ShareCapital 2023-11-30 12266608 d:ShareCapital 2022-11-30 12266608 d:RetainedEarningsAccumulatedLosses 2023-11-30 12266608 d:RetainedEarningsAccumulatedLosses 2022-11-30 12266608 c:OrdinaryShareClass1 2022-12-01 2023-11-30 12266608 c:OrdinaryShareClass1 2023-11-30 12266608 c:OrdinaryShareClass1 2022-11-30 12266608 c:OrdinaryShareClass2 2022-12-01 2023-11-30 12266608 c:OrdinaryShareClass2 2023-11-30 12266608 c:OrdinaryShareClass2 2022-11-30 12266608 c:OrdinaryShareClass3 2022-12-01 2023-11-30 12266608 c:OrdinaryShareClass3 2023-11-30 12266608 c:OrdinaryShareClass3 2022-11-30 12266608 c:FRS102 2022-12-01 2023-11-30 12266608 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12266608 c:FullAccounts 2022-12-01 2023-11-30 12266608 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12266608 2 2022-12-01 2023-11-30 12266608 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12266608









D&A CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
D&A CONSTRUCTION LIMITED
REGISTERED NUMBER: 12266608

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
342,059
-

Debtors: amounts falling due within one year
 4 
3,214,762
2,938,925

Cash at bank and in hand
  
49,607
218,617

  
3,606,428
3,157,542

Creditors: amounts falling due within one year
 5 
(414,881)
(12,799)

Net current assets
  
 
 
3,191,547
 
 
3,144,743

Total assets less current liabilities
  
3,191,547
3,144,743

Creditors: amounts falling due after more than one year
 6 
(3,188,174)
(3,148,980)

  

Net assets/(liabilities)
  
3,373
(4,237)


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
3,370
(4,240)

  
3,373
(4,237)


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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
D&A CONSTRUCTION LIMITED
REGISTERED NUMBER: 12266608
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 June 2024.




D Pearson
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
D&A CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

D&A Construction Limited ("the Company") is a private Company limited by shares and incorporated in England and Wales. The registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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

Interest income

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

 
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.

 
2.4

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.

 
2.5

Stocks

Stocks consist of development properties held for sale.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
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 the Statement of income and retained earnings.

 
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.

Page 3

 
D&A CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
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.
Page 4

 
D&A CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

Financial instruments are recognised in the Company's Statement of financial position 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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

Page 5

 
D&A CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.


3.


Employees




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


4.


Debtors

2023
2022
£
£


Amounts owed by connected companies
3,214,762
2,938,925



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,291
-

Corporation tax
791
-

Other taxation and social security
9,799
9,799

Amounts owed to connected companies
400,000
-

Accruals and deferred income
3,000
3,000

414,881
12,799


Page 6

 
D&A CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
3,188,174
3,148,980

3,188,174
3,148,980


The following liabilities were secured:

2023
2022
£
£



Loan note instrument
3,062,079
3,062,079

Details of security provided:

Other creditors include a loan note instrument totalling £3,062,079 (2022 - £3,062,079) which is secured by way of a fixed and floating charge over all assets held by the Company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2023
2022
£
£


Repayable other than by instalments
3,188,174
3,148,980




7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary A share of £1.00
1
1
1 (2022 - 1) Ordinary B share of £1.00
1
1
1 (2022 - 1) Special share of £1.00
1
1

3

3



8.


Related party transactions

Amounts due to shareholders at the year end totalled £3,188,174 (2022 - £3,148,980).

 
Page 7