Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-311true2023-01-01falseThe principal activity of the company is investments in shares.1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10479048 2023-01-01 2023-12-31 10479048 2022-01-01 2022-12-31 10479048 2023-12-31 10479048 2022-12-31 10479048 c:Director1 2023-01-01 2023-12-31 10479048 d:OfficeEquipment 2023-01-01 2023-12-31 10479048 d:OfficeEquipment 2023-12-31 10479048 d:OfficeEquipment 2022-12-31 10479048 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10479048 d:CurrentFinancialInstruments 2023-12-31 10479048 d:CurrentFinancialInstruments 2022-12-31 10479048 d:Non-currentFinancialInstruments 2023-12-31 10479048 d:Non-currentFinancialInstruments 2022-12-31 10479048 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10479048 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10479048 d:ShareCapital 2023-12-31 10479048 d:ShareCapital 2022-12-31 10479048 d:RetainedEarningsAccumulatedLosses 2023-12-31 10479048 d:RetainedEarningsAccumulatedLosses 2022-12-31 10479048 c:FRS102 2023-01-01 2023-12-31 10479048 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10479048 c:FullAccounts 2023-01-01 2023-12-31 10479048 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10479048 2 2023-01-01 2023-12-31 10479048 6 2023-01-01 2023-12-31 10479048 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10479048









DK INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DK INVESTMENTS LIMITED
REGISTERED NUMBER: 10479048

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
                                                                    Note
£
£

Fixed assets
  

Tangible assets
 4 
1,986
2,648

Investments
 5 
13,003,119
10,693,190

  
13,005,105
10,695,838

Current assets
  

Debtors: amounts falling due after more than one year
 6 
17,260,000
11,825,000

Debtors: amounts falling due within one year
 6 
4,368,370
3,584,977

Current asset investments
 7 
68,008
915,619

Cash at bank and in hand
  
103,185
449,656

  
21,799,563
16,775,252

Creditors: amounts falling due within one year
 8 
(18,935,287)
(13,042,732)

Net current assets
  
 
 
2,864,276
 
 
3,732,520

  

Net assets
  
15,869,381
14,428,358


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
15,869,380
14,428,357

  
15,869,381
14,428,358


Page 1

 
DK INVESTMENTS LIMITED
REGISTERED NUMBER: 10479048
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 July 2024.




................................................
D Kluman
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

DK Investments Limited (the "Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company is investments.

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 the Statement of income and retained earnings 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 income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income'.

 
2.3

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period.

Page 3

 
DK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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:

Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.5

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.

 
2.6

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

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition offinancial assets and liabilities like trade and other debtors and creditors, loans from banks and otherthird parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loansand other accounts receivable and payable, are initially measured at present value of the future cashflows and subsequently at amortised cost using the effective interest method. Debt instruments thatare payable or receivable within one year, typically trade debtors and creditors, are measured, initiallyand subsequently, at the undiscounted amount of the cash or other consideration expected to be paidor received. However, if the arrangements of a short-term instrument constitute a financingtransaction, like the payment of a trade debt deferred beyond normal business terms or in case of anout-right short-term loan that is not at market rate, the financial asset or liability is measured, initiallyat the present value of future cash flows discounted at a market rate of interest for a similar debtinstrument and subsequently at amortised cost, unless it qualifies as a loan from a director in thecase of a small company, or a public benefit entity concessionary loan.

Page 4

 
DK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.10

Taxation

Tax is recognised in the Statement of income and retained earnings 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.

 
2.11

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance basis

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 the Statement of income and retained earnings.

Page 5

 
DK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
5,290



At 31 December 2023

5,290



Depreciation


At 1 January 2023
2,642


Charge for the year on owned assets
662



At 31 December 2023

3,304



Net book value



At 31 December 2023
1,986



At 31 December 2022
2,648

Page 6

 
DK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2023
10,693,190


Additions
2,379,504


Disposals
(69,575)



At 31 December 2023
13,003,119




The market value of the listed investments at the year end is £Nil (2022 - £69,575).

Page 7

 
DK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
17,260,000
11,825,000

17,260,000
11,825,000


2023
2022
£
£

Due within one year

Other debtors
4,368,370
3,583,370

Prepayments and accrued income
-
1,607

4,368,370
3,584,977



7.


Current asset investments

2023
2022
£
£

Portfolio investments
68,008
915,619

68,008
915,619



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
243
-

Corporation tax
518,581
220,807

Other creditors
18,398,463
12,803,925

Accruals and deferred income
18,000
18,000

18,935,287
13,042,732



9.


Transactions with directors

During the year the company advanced £202,544 (2022 - £96,984) to the director and the director repaid £5,426,082 (2022 - £7,482,509) to the company. At the year end the director was owed from the company £17,027,463 (2022 - £11,803,925).

Page 8

 
DK INVESTMENTS LIMITED
 
 
 Page 9