Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-01-0133false 12489626 2023-01-01 2023-12-31 12489626 2022-01-01 2022-12-31 12489626 2023-12-31 12489626 2022-12-31 12489626 c:Director3 2023-01-01 2023-12-31 12489626 d:CurrentFinancialInstruments 2023-12-31 12489626 d:CurrentFinancialInstruments 2022-12-31 12489626 d:Non-currentFinancialInstruments 2023-12-31 12489626 d:Non-currentFinancialInstruments 2022-12-31 12489626 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12489626 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12489626 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12489626 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12489626 d:ShareCapital 2023-12-31 12489626 d:ShareCapital 2022-12-31 12489626 d:RetainedEarningsAccumulatedLosses 2023-12-31 12489626 d:RetainedEarningsAccumulatedLosses 2022-12-31 12489626 c:FRS102 2023-01-01 2023-12-31 12489626 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12489626 c:FullAccounts 2023-01-01 2023-12-31 12489626 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12489626 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12489626









DORSEL U.K. LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DORSEL U.K. LIMITED
REGISTERED NUMBER: 12489626

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due after more than one year
 4 
11,441,073
11,217,428

Cash at bank and in hand
 5 
100
100

  
11,441,173
11,217,528

Creditors: amounts falling due within one year
 6 
(3,900)
(3,611)

Total assets less current liabilities
  
11,437,273
11,213,917

Creditors: amounts falling due after more than one year
 7 
(11,458,581)
(11,228,326)

Net liabilities
  
(21,308)
(14,409)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(21,408)
(14,509)

  
(21,308)
(14,409)


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

The notes on pages 2 to 4 form part of these financial statements.

Page 1

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

1.


General information

Dorsel U.K. Limited is a private company limited by share capital, incorporated in England and Wales, registration number 12489626. 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

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.

 
2.7

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.

Page 2

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

2.Accounting policies (continued)

 
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, 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).


4.


Debtors


Due after more than one year

Amounts owed by group undertakings
11,441,073
11,217,428

11,441,073
11,217,428


Amounts owed from group undertakings falling due after more than one year are unsecured, have no fixed date of repayment, and are repayable on demand.


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
100
100

100
100


Page 3

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
109
101

Accruals and deferred income
3,791
3,510

3,900
3,611



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
11,458,581
11,228,326

11,458,581
11,228,326


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


8.


Related party transactions

Included in amounts owed to group undertakings falling due after one year are amounts of £141,331 (2022: £134,721) and £284,783 (2022: £284,783) owed to Dorsel U.K. 1 Limited and Dorsel U.K. 2 Limited respectively. The directors of these companies are also the directors of Dorsel U.K. Limited. 
Also included in amounts owed to group undertakings falling due after one year are amounts of £6,032,467 (2022: £5,808,822) and £5,000,000 (2022: £5,000,000) owed to Dorsel (B.A.Z) Ltd, which is the parent company of Dorsel U.K. Limited.
Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.
ncuded in amounts owed by group undertakings due after one year, are amounts of £226,387 (2022: £226,387) and £189,900 (2022: £189,900) owed by Dorsel U.K. 3 Limited and Dorsel U.K. 4 Limited respectively. The directors of these companies are also the directors of Dorsel U.K. Limited. 
Also included in amounts owed by group undertakings due after one year, are amounts of £6,032,467 (2022: £5,808,822) and £5,000,000 (2022: £5,000,000) owed by Dorsel U.K. 1 Limited.
Amounts owed by group undertakings are unsecured, have no fixed date of repayment and are repayable on demand. 

 
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