Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13392735 2023-01-01 2023-12-31 13392735 2022-01-01 2022-12-31 13392735 2023-12-31 13392735 2022-12-31 13392735 c:Director1 2023-01-01 2023-12-31 13392735 d:FreeholdInvestmentProperty 2023-12-31 13392735 d:FreeholdInvestmentProperty 2022-12-31 13392735 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 13392735 d:CurrentFinancialInstruments 2023-12-31 13392735 d:CurrentFinancialInstruments 2022-12-31 13392735 d:Non-currentFinancialInstruments 2023-12-31 13392735 d:Non-currentFinancialInstruments 2022-12-31 13392735 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13392735 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13392735 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13392735 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13392735 d:ShareCapital 2023-12-31 13392735 d:ShareCapital 2022-12-31 13392735 d:RetainedEarningsAccumulatedLosses 2023-12-31 13392735 d:RetainedEarningsAccumulatedLosses 2022-12-31 13392735 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13392735 c:OrdinaryShareClass1 2023-12-31 13392735 c:OrdinaryShareClass1 2022-12-31 13392735 c:FRS102 2023-01-01 2023-12-31 13392735 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13392735 c:FullAccounts 2023-01-01 2023-12-31 13392735 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13392735 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13392735









DORSEL U.K. 2 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DORSEL U.K. 2 LIMITED
REGISTERED NUMBER: 13392735

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property

 4 

5,390,000
6,066,000

Current assets
  

Debtors: amounts falling due within one year
 5 
384,783
398,971

Cash at bank and in hand
 6 
119,504
89,290

  
504,287
488,261

Creditors: amounts falling due within one year
 7 
(184,408)
(482,870)

Net current assets
  
319,879
5,391

Total assets less current liabilities
  
5,709,879
6,071,391

Creditors: amounts falling due after more than one year
 8 
(6,000,000)
(5,850,000)

Net (liabilities)/assets
  
(290,121)
221,391


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(290,221)
221,291

  
(290,121)
221,391


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 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 4 September 2024.



................................................
Lior Som
Director

Page 1

 
DORSEL U.K. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dorsel U.K. 2 Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13392735. The address of the registered office is Wisteria Grange Barn, Pikes End, Pinner, Middlesex, HA5 2EX.

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

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
2.3

Interest income

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

 
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

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
2.7

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 2

 
DORSEL U.K. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 3

 
DORSEL U.K. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment property


Investment property

£



Valuation


At 1 January 2023
6,066,000


Surplus on revaluation
(676,000)



At 31 December 2023
5,390,000

The directors obtained an independant valuation of the property at year end, and have decreased to fair value of the property to £5,390,000 at year-end in accordance with the independent property valuation report.






5.


Debtors

2023
2022
£
£

Amounts owed by group undertakings
384,783
384,783

Other debtors
-
7,104

Prepayments and accrued income
-
7,084

384,783
398,971


Amounts owed by group undertakings are unsecured, have no fixed date of repayment, and are repayable on demand. 


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
119,504
89,290

119,504
89,290


Page 4

 
DORSEL U.K. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
108
103

Amounts owed to group undertakings
79,842
479,842

Other taxation and social security
17,712
-

Accruals and deferred income
86,746
2,925

184,408
482,870


Amounts owed to group undertakings falling due within one year are unsecured, have no fixed date of repayment, and are repayable on demand. 


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
6,000,000
5,850,000

6,000,000
5,850,000


Amounts owed to group undertakings falling due after more than one year are unsecured, have no fixed date of repayment.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 5

 
DORSEL U.K. 2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Related party transactions

Included in debtors is an amount of £284,783 (2022: £284,783) owed by Dorsel U.K. Limited. The directors of this company are also the directors of Dorsel U.K. 2 Limited.
Also included in debtors is an amount of £100,000 (2022: £100,000) owed by Dorsel U.K. 3 Limited. The directors of this company are also the directors of Dorsel U.K. 2 Limited 
Amounts owed by group undertakings are unsecured, have no fixed date of repayment, and are repayable on demand. 
Incuded in creditors amounts falling due within one year are amounts owed to group undertakings   amounting to £51,296 (2022: £301,296) owed to Dorsel (B.A.Z) Ltd. Dorsel (B.A.Z) Ltd is the ulitmate parent company.
Also included in creditors amounts falling due within one year are amounts owed to group undertakings amounting to £28,546 (2022: £28,546) owed to Dorsel U.K. 4 Limited. The directors of this company are also the directors of Dorsel U.K. 2 Limited.
Included in creditors amounts falling due within one year and after more than one year are amounts owed to group undertakings amounting to £6,000,000 (2022: £6,000,000) owed to Dorsel (B.A.Z) Ltd.
Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are repayable on demand. 

 
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