Caseware UK (AP4) 2023.0.135 2023.0.135 2022-11-302022-11-30true2021-06-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07219657 2021-06-01 2022-11-30 07219657 2020-06-01 2021-05-31 07219657 2022-11-30 07219657 2021-05-31 07219657 c:Director1 2021-06-01 2022-11-30 07219657 d:CurrentFinancialInstruments 2022-11-30 07219657 d:CurrentFinancialInstruments 2021-05-31 07219657 d:Non-currentFinancialInstruments 2022-11-30 07219657 d:Non-currentFinancialInstruments 2021-05-31 07219657 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07219657 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 07219657 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 07219657 d:Non-currentFinancialInstruments d:AfterOneYear 2021-05-31 07219657 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 07219657 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-05-31 07219657 d:ShareCapital 2022-11-30 07219657 d:ShareCapital 2021-05-31 07219657 d:RetainedEarningsAccumulatedLosses 2022-11-30 07219657 d:RetainedEarningsAccumulatedLosses 2021-05-31 07219657 c:FRS102 2021-06-01 2022-11-30 07219657 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-11-30 07219657 c:FullAccounts 2021-06-01 2022-11-30 07219657 c:PrivateLimitedCompanyLtd 2021-06-01 2022-11-30 07219657 6 2021-06-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 07219657









DALGENS ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2022

 
DALGENS ESTATES LIMITED
REGISTERED NUMBER: 07219657

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

30 November
30 November
31 May
31 May
2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Investments
 5 
838,115
871,070

  
838,115
871,070

Current assets
  

Debtors: amounts falling due within one year
 6 
904,572
806,300

Cash at bank and in hand
  
570,081
827,159

  
1,474,653
1,633,459

Creditors: amounts falling due within one year
 7 
(337,292)
(432,621)

Net current assets
  
 
 
1,137,361
 
 
1,200,838

Total assets less current liabilities
  
1,975,476
2,071,908

Creditors: amounts falling due after more than one year
 8 
(28,021)
(43,750)

  

Net assets
  
1,947,455
2,028,158


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,947,454
2,028,157

  
1,947,455
2,028,158


Page 1

 
DALGENS ESTATES LIMITED
REGISTERED NUMBER: 07219657
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2022

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 period 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 23 August 2024.

J C Gow
Director

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

Page 2

 
DALGENS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

1.


General information

Dalgens Estates Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. 

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.
Turnover comprises of revenue recognised by the company in respect of property development activities including share of profits from joint ventures. Revenue is recognised in accordance with the underlying contracts.

 
2.3

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure. This includes the Government Coronavirus Job Retention Scheme (‘Furlough’). The company has not directly benefited from any other forms of government assistance.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period 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.

Page 3

 
DALGENS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.9

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
The director does not consider that the company has any significant areas of estimation uncertainity.


4.


Employees

The average monthly number of employees, including directors, during the period was 1 (2021 - 1).

Page 4

 
DALGENS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

5.


Fixed asset investments








Investments in associates
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 June 2021
25
871,045
871,070


Additions
-
17,045
17,045


Disposals
-
(50,000)
(50,000)



At 30 November 2022
25
838,090
838,115





6.


Debtors

30 November
31 May
2022
2021
£
£


Amounts owed by joint ventures and associated undertakings
641,280
641,280

Other debtors
263,292
165,020

904,572
806,300



7.


Creditors: Amounts falling due within one year

30 November
31 May
2022
2021
£
£

Bank loans
10,648
6,250

Trade creditors
12,097
12,097

Corporation tax
-
1,145

Other creditors
303,707
406,129

Accruals and deferred income
10,840
7,000

337,292
432,621


Page 5

 
DALGENS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022

8.


Creditors: Amounts falling due after more than one year

30 November
31 May
2022
2021
£
£

Bank loans
28,021
43,750

28,021
43,750



9.


Loans


Analysis of the maturity of loans is given below:


30 November
31 May
2022
2021
£
£

Amounts falling due within one year

Bank loans
10,648
6,250


Amounts falling due 2-5 years

Bank loans
28,021
43,750


38,669
50,000



10.


Related party transactions

At the reporting date, the company owed £118 (2021: £82,176) to J C Gow, the company director.
At the reporting date, the company owed £299,300 (2021: £299,300) to Whitepond Limited, a company of which J C Gow is also a director.
At the reporting date, the company was owed £641,280 (2021: £641,280) by Spurstowe Terrace Limited, a company of which J C Gow is a director. 

 
Page 6