Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrue2023-01-0111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05866578 2023-01-01 2023-12-31 05866578 2022-01-01 2022-12-31 05866578 2023-12-31 05866578 2022-12-31 05866578 c:Director1 2023-01-01 2023-12-31 05866578 d:FreeholdInvestmentProperty 2023-12-31 05866578 d:FreeholdInvestmentProperty 2022-12-31 05866578 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 05866578 d:CurrentFinancialInstruments 2023-12-31 05866578 d:CurrentFinancialInstruments 2022-12-31 05866578 d:Non-currentFinancialInstruments 2023-12-31 05866578 d:Non-currentFinancialInstruments 2022-12-31 05866578 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05866578 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05866578 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05866578 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05866578 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 05866578 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 05866578 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05866578 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 05866578 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 05866578 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 05866578 d:ShareCapital 2023-12-31 05866578 d:ShareCapital 2022-12-31 05866578 d:SharePremium 2023-12-31 05866578 d:SharePremium 2022-12-31 05866578 d:InvestmentPropertiesRevaluationReserve 2023-12-31 05866578 d:InvestmentPropertiesRevaluationReserve 2022-12-31 05866578 d:RetainedEarningsAccumulatedLosses 2023-12-31 05866578 d:RetainedEarningsAccumulatedLosses 2022-12-31 05866578 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05866578 c:OrdinaryShareClass1 2023-12-31 05866578 c:OrdinaryShareClass1 2022-12-31 05866578 c:FRS102 2023-01-01 2023-12-31 05866578 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05866578 c:FullAccounts 2023-01-01 2023-12-31 05866578 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05866578 2 2023-01-01 2023-12-31 05866578 6 2023-01-01 2023-12-31 05866578 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05866578









DUMELA FOUR LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DUMELA FOUR LIMITED
REGISTERED NUMBER: 05866578

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
30,000
30,000

Investment property
 5 
2,400,000
2,030,000

  
2,430,000
2,060,000

Current assets
  

Debtors: amounts falling due within one year
 6 
12,475
64,880

Cash at bank and in hand
  
21,398
30,427

  
33,873
95,307

Creditors: amounts falling due within one year
 7 
(15,729)
(23,890)

Net current assets
  
 
 
18,144
 
 
71,417

Total assets less current liabilities
  
2,448,144
2,131,417

Creditors: amounts falling due after more than one year
 8 
(253,768)
(262,185)

Provisions for liabilities
  

Deferred tax
 10 
(34,332)
-

  
 
 
(34,332)
 
 
-

Net assets
  
2,160,044
1,869,232


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Share premium account
  
1,322,637
1,322,637

Investment property reserve
  
137,325
(232,675)

Profit and loss account
  
699,082
778,270

  
2,160,044
1,869,232


Page 1

 
DUMELA FOUR LIMITED
REGISTERED NUMBER: 05866578

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 her 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 comprehensive income 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 by: 




P H M Fitzpatrick BSc MBA
Director

Date: 5 September 2024

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

Page 2

 
DUMELA FOUR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dumela Four Limited is a private company, limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 10 Fitzroy Square, London, W1T 5HP. The Company is not part of a group.

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.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue operation for the foreseeable future being a period of at least 12 months from the date of approval of these financial statements. In view of the above, the director is confident that the company will have sufficient resources to enable it to continue as a going concern and therefore the financial statements do not contain any adjustments that would be required if the Company were not able to continue as a going concern.

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
DUMELA FOUR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the Director 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.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
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

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.

 
2.11

Interest income

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

Page 4

 
DUMELA FOUR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

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.


3.


Employees

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


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
30,000



At 31 December 2023
30,000




Page 5

 
DUMELA FOUR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
2,030,000


Surplus on revaluation
370,000



At 31 December 2023
2,400,000

The 2023 valuations were made by the Director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,262,674
2,262,674

2,262,674
2,262,674


6.


Debtors

2023
2022
£
£


Other debtors
600
600

Prepayments and accrued income
11,875
3,611

Deferred taxation
-
60,669

12,475
64,880



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
10,170
20,170

Accruals and deferred income
5,559
3,720

15,729
23,890


Page 6

 
DUMELA FOUR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
253,768
262,185

253,768
262,185



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Other loans
20,000
20,000

Amounts falling due 2-5 years

Other loans
60,000
60,000

Amounts falling due after more than 5 years

Other loans
173,768
182,185

253,768
262,185


Page 7

 
DUMELA FOUR LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Deferred taxation




2023


£






At beginning of year
60,669


Charged to profit or loss
(95,001)



At end of year
(34,332)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Potential corporation tax on sale of investments and investment property
(34,332)
60,669

(34,332)
60,669


11.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



12.


Related party transactions

During the year, the Company had a loan account with the director. The amount due to her at the year end was £263,768 (2022 - £282,185). The loan is interest free.


Page 8