Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13933374 2023-01-01 2023-12-31 13933374 2022-02-22 2022-12-31 13933374 2023-12-31 13933374 2022-12-31 13933374 2022-02-22 13933374 c:Director3 2023-01-01 2023-12-31 13933374 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 13933374 d:FreeholdInvestmentProperty 2023-12-31 13933374 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 13933374 d:CurrentFinancialInstruments 2023-12-31 13933374 d:CurrentFinancialInstruments 2022-12-31 13933374 d:Non-currentFinancialInstruments 2023-12-31 13933374 d:Non-currentFinancialInstruments 2022-12-31 13933374 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13933374 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13933374 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13933374 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13933374 d:ShareCapital 2023-12-31 13933374 d:ShareCapital 2022-02-22 2022-12-31 13933374 d:ShareCapital 2022-12-31 13933374 d:ShareCapital 2022-02-22 13933374 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13933374 d:RetainedEarningsAccumulatedLosses 2023-12-31 13933374 d:RetainedEarningsAccumulatedLosses 2022-02-22 2022-12-31 13933374 d:RetainedEarningsAccumulatedLosses 2022-12-31 13933374 d:RetainedEarningsAccumulatedLosses 2022-02-22 13933374 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13933374 c:OrdinaryShareClass1 2023-12-31 13933374 c:OrdinaryShareClass1 2022-12-31 13933374 c:FRS102 2023-01-01 2023-12-31 13933374 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13933374 c:FullAccounts 2023-01-01 2023-12-31 13933374 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13933374 2 2023-01-01 2023-12-31 13933374 d:FreeholdInvestmentProperty d:PreviouslyStatedAmount 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13933374









DORSEL U.K. 4 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DORSEL U.K. 4 LIMITED
REGISTERED NUMBER: 13933374

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
12,904,000
13,500,000

Current assets
  

Debtors: amounts falling due within one year
 5 
333,118
355,131

Cash at bank and in hand
 6 
299,880
203,813

  
632,998
558,944

Creditors: amounts falling due within one year
 7 
(1,062,581)
(1,004,868)

Net current liabilities
  
(429,583)
(445,924)

Total assets less current liabilities
  
12,474,417
13,054,076

Creditors: amounts falling due after more than one year
 8 
(13,666,291)
(13,801,291)

  

Net liabilities
  
(1,191,874)
(747,215)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(1,191,974)
(747,315)

  
(1,191,874)
(747,215)


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 profit and loss account 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 4 to 9 form part of these financial statements.
Page 1

 
DORSEL U.K. 4 LIMITED
REGISTERED NUMBER: 13933374
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
DORSEL U.K. 4 LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 February 2022
-
-
-


Comprehensive income for the period

Loss for the period
-
(747,315)
(747,315)

Shares issued during the period
100
-
100



At 1 January 2023
100
(747,315)
(747,215)



Loss for the year
-
(444,659)
(444,659)


At 31 December 2023
100
(1,191,974)
(1,191,874)


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
DORSEL U.K. 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dorsel U.K. 4 Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13933374. The address of the registered office is Wisteria Grange Barn, Pikes End, Pinner, Middlesex, England, 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

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:

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.

 
2.4

Interest income

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

 
2.5

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.

Page 4

 
DORSEL U.K. 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
DORSEL U.K. 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.13

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 Profit and Loss Account.

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 6

 
DORSEL U.K. 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment property


Investment property

£



Valuation


At 1 January 2023
13,500,000


Additions at cost
4,000


Impairment
(600,000)



At 31 December 2023
12,904,000

The directors reviewed the value of the property at year end, and believe the property should be valued at
£12,904,000 (2022: £13,500,000).







5.


Debtors

2023
2022
£
£


Trade debtors
16,685
-

Amounts owed by group undertakings
99,971
99,646

Other debtors
-
5,952

Prepayments and accrued income
110,238
143,309

Deferred taxation
106,224
106,224

333,118
355,131


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
299,880
203,813

299,880
203,813


Page 7

 
DORSEL U.K. 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
135,000
135,000

Trade creditors
1,138
1,493

Amounts owed to group undertakings
517,841
577,740

Other taxation and social security
83,443
-

Accruals and deferred income
325,159
290,635

1,062,581
1,004,868


For full disclosure on bank loans, please see note 9. 
Amounts owed to group undertakings 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
£
£

Bank loans
6,412,500
6,547,500

Amounts owed to group undertakings
7,253,791
7,253,791

13,666,291
13,801,291


The total bank loan falling due within one and more than one year is £6,547,500 (2022: £6,682,500). The loan has an interest of SONIS +2.4% and is secured by the company's assets with fixed repayment dates. 
Amounts owed to group undertakings are unsecured and 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 8

 
DORSEL U.K. 4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Related party transactions

Included in debtors are amounts owed from group undertakings are amounts of £62,371 (2022: £62,263), £28,546 (2022: £28,546), and £9,054 (2022: £8,837) owed from Dorsel U.K. 1 Limited, Dorsel U.K. 2 Limited and  Dorsel U.K. 3 Limited respectively. The directors of these companies are also the directors of Dorsel U.K. 4 Limited.
Amounts owed by group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.
Included in creditors owed to group undertakings due within one year, are amounts of £189,900 (2022: £189,900) owed to Dorsel U.K. Limited and £327,941 (2022: £387,840) owed to Dorsel B.A.Z. Limited. The directors of these companies are also the directors of Dorsel U.K. 4 Limited.
Also included in creditors is an amount falling due after more than one year owed to group undertakings of £7,253,791 (2022: £7,253,791) owed to Dorsel B.A.Z. Limited. The directors of this company are also the directors of Dorsel U.K. 1 Limited.
Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.

 
Page 9