Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-010falseNo description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12908093 2023-04-01 2024-03-31 12908093 2022-04-01 2023-03-31 12908093 2024-03-31 12908093 2023-03-31 12908093 c:Director1 2023-04-01 2024-03-31 12908093 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 12908093 d:FreeholdInvestmentProperty 2024-03-31 12908093 d:FreeholdInvestmentProperty 2023-03-31 12908093 d:CurrentFinancialInstruments 2024-03-31 12908093 d:CurrentFinancialInstruments 2023-03-31 12908093 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12908093 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12908093 d:ShareCapital 2024-03-31 12908093 d:ShareCapital 2023-03-31 12908093 d:RetainedEarningsAccumulatedLosses 2024-03-31 12908093 d:RetainedEarningsAccumulatedLosses 2023-03-31 12908093 c:FRS102 2023-04-01 2024-03-31 12908093 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12908093 c:FullAccounts 2023-04-01 2024-03-31 12908093 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12908093 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12908093









DAS ERSTE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DAS ERSTE LTD
REGISTERED NUMBER: 12908093

BALANCE SHEET
AS AT 31 MARCH 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
3,803,817
2,840,997

  
3,803,817
2,840,997

Current assets
  

Debtors: amounts falling due within one year
 5 
2,029,897
59,701

Cash at bank and in hand
 6 
60,176
189,366

  
2,090,073
249,067

Creditors: amounts falling due within one year
 7 
(6,006,320)
(3,159,213)

Net current liabilities
  
 
 
(3,916,247)
 
 
(2,910,146)

Total assets less current liabilities
  
(112,430)
(69,149)

  

Net liabilities
  
(112,430)
(69,149)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(112,530)
(69,249)

  
(112,430)
(69,149)


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 9 August 2024.


Page 1

 
DAS ERSTE LTD
REGISTERED NUMBER: 12908093
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024



K M Baruffolo
Director

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

Page 2

 
DAS ERSTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Das Erste Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor, 1 - 7 Station Road, Crawley, West Sussex, RH10 1HT.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

Although the balance sheet is showing a net liability position, the financial statements have been prepared on a going concern basis. The directors and shareholders have reasonable expectations that the company has adequate resources within the group to enable the company to continue in operational existence for the foreseeable future.

 
2.3

Investment property

Investment property is initially recognised at cost and each year at the reporting date the property will be revalued inline with the relevant accounting standard. Any fair value gains and losses will pass through the profit and loss account.

 
2.4

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.

 
2.5

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.

 
2.6

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet 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.

Page 3

 
DAS ERSTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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.

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 4

 
DAS ERSTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Investment property

£



Valuation


At 1 April 2023
2,840,997


Additions at cost
962,820



At 31 March 2024
3,803,817












5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,889,947
353

Other debtors
139,950
59,348

2,029,897
59,701



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
60,176
189,366

60,176
189,366


Page 5

 
DAS ERSTE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
5,801,805
2,958,138

Other creditors
199,516
199,516

Accruals and deferred income
4,999
1,559

6,006,320
3,159,213



8.


Prior year adjustment

A prior year adjustment has been made to correct capital expenditure incorrectly recognised in the profit and loss account in 2021. As a result the brought forward balances for investment property and profit and loss reserves have increased by £58,544 in 2023 and 2024.

Page 6