Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30falsetrue2023-01-01The principal activity of the business throughout the year was that of other letting and operating of own or leased real estate.22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09636410 2023-01-01 2023-06-30 09636410 2023-06-30 09636410 2021-07-01 2022-12-31 09636410 2022-12-31 09636410 c:Director1 2023-01-01 2023-06-30 09636410 d:Buildings 2023-01-01 2023-06-30 09636410 d:Buildings 2023-06-30 09636410 d:Buildings 2022-12-31 09636410 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-06-30 09636410 d:PlantMachinery 2023-01-01 2023-06-30 09636410 d:PlantMachinery 2023-06-30 09636410 d:PlantMachinery 2022-12-31 09636410 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-06-30 09636410 d:MotorVehicles 2023-01-01 2023-06-30 09636410 d:MotorVehicles 2023-06-30 09636410 d:MotorVehicles 2022-12-31 09636410 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-06-30 09636410 d:OfficeEquipment 2023-01-01 2023-06-30 09636410 d:OfficeEquipment 2023-06-30 09636410 d:OfficeEquipment 2022-12-31 09636410 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-06-30 09636410 d:OwnedOrFreeholdAssets 2023-01-01 2023-06-30 09636410 d:FreeholdInvestmentProperty 2023-01-01 2023-06-30 09636410 d:FreeholdInvestmentProperty 2023-06-30 09636410 d:FreeholdInvestmentProperty 2022-12-31 09636410 d:FreeholdInvestmentProperty 2 2023-01-01 2023-06-30 09636410 d:CurrentFinancialInstruments 2023-06-30 09636410 d:CurrentFinancialInstruments 2022-12-31 09636410 d:Non-currentFinancialInstruments 2023-06-30 09636410 d:Non-currentFinancialInstruments 2022-12-31 09636410 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09636410 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09636410 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09636410 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09636410 d:ShareCapital 2023-06-30 09636410 d:ShareCapital 2022-12-31 09636410 d:RetainedEarningsAccumulatedLosses 2023-06-30 09636410 d:RetainedEarningsAccumulatedLosses 2022-12-31 09636410 c:FRS102 2023-01-01 2023-06-30 09636410 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-06-30 09636410 c:FullAccounts 2023-01-01 2023-06-30 09636410 c:PrivateLimitedCompanyLtd 2023-01-01 2023-06-30 09636410 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 09636410 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09636410 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 09636410 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 09636410 2 2023-01-01 2023-06-30 09636410 6 2023-01-01 2023-06-30 09636410 f:PoundSterling 2023-01-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 09636410


MK DOGAR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

 
MK DOGAR LIMITED
REGISTERED NUMBER: 09636410

BALANCE SHEET
AS AT 30 JUNE 2023

30 June
31 December
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
1,535,671
1,538,936

Investments
 4 
19,300
8,000

Investment property
 5 
377,501
1,692,446

  
1,932,472
3,239,382

Current assets
  

Debtors: amounts falling due within one year
 6 
884,954
182,374

Cash at bank and in hand
 7 
7,107
23,911

  
892,061
206,285

Creditors: amounts falling due within one year
 8 
(110,501)
(225,819)

Net current assets/(liabilities)
  
 
 
781,560
 
 
(19,534)

Total assets less current liabilities
  
2,714,032
3,219,848

Creditors: amounts falling due after more than one year
 9 
(4,210,912)
(5,969,019)

Provisions for liabilities
  

Deferred tax
 10 
-
(984)

  
 
 
-
 
 
(984)

Net liabilities
  
(1,496,880)
(2,750,155)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(1,496,881)
(2,750,156)

  
(1,496,880)
(2,750,155)


Page 1

 
MK DOGAR LIMITED
REGISTERED NUMBER: 09636410
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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 period 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 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 by: 




___________________________
M Dogar
Director

Date: 10 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MK DOGAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

MK Dogar Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 09636410. The trading address of the company is Hill View Farm, Old Marston, Oxford, OX3 0QD.

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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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.

Page 3

 
MK DOGAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period 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.

Page 4

 
MK DOGAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
0%
Plant and machinery
-
20% Straight Line
Motor vehicles
-
20% Straight Line
Equipment
-
33.33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
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.

Page 5

 
MK DOGAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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 income and retained earnings 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
MK DOGAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

3.


Tangible fixed assets







Freehold property
Plant and machinery
Motor vehicles
Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
1,534,998
21,530
21,688
18,899
1,597,115


Additions
-
-
-
269
269



At 30 June 2023

1,534,998
21,530
21,688
19,168
1,597,384



Depreciation


At 1 January 2023
-
20,751
21,688
15,740
58,179


Charge for the period on owned assets
-
779
-
2,755
3,534



At 30 June 2023

-
21,530
21,688
18,495
61,713



Net book value



At 30 June 2023
1,534,998
-
-
673
1,535,671



At 31 December 2022
1,534,998
779
-
3,159
1,538,936


4.


Fixed asset investments








Un-listed investments

£



Cost or valuation


At 1 January 2023
8,000


Additions
26,775


Disposals
(7,475)


Revaluations
(8,000)



At 30 June 2023
19,300




Page 7

 
MK DOGAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

5.


Investment property





Freehold investment property

£



Valuation


At 1 January 2023
1,692,446


Disposals
(1,372,483)


Surplus on revaluation
57,538



At 30 June 2023
377,501


Comprising


Cost
319,963

Annual revaluation surplus/(deficit):


2023
57,538

At 30 June 2023
377,501

The 2023 valuations were made by a director of the company, on an open market value for existing use basis.




Page 8

 
MK DOGAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

6.


Debtors

30 June
31 December
2023
2022
£
£


Other debtors
1,464
182,374

Deferred taxation
883,490
-

884,954
182,374



7.


Cash and cash equivalents

30 June
31 December
2023
2022
£
£

Cash at bank and in hand
7,107
23,911

7,107
23,911



8.


Creditors: Amounts falling due within one year

30 June
31 December
2023
2022
£
£

Trade creditors
1,800
37,308

Amounts owed to associates
6,800
6,800

Corporation tax
100,651
100,651

Other creditors
-
79,810

Accruals and deferred income
1,250
1,250

110,501
225,819


Page 9

 
MK DOGAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

9.


Creditors: Amounts falling due after more than one year

30 June
31 December
2023
2022
£
£

Other creditors
4,210,912
5,969,019

4,210,912
5,969,019



10.


Deferred taxation






2023


£






At beginning of year
(984)


Charged to profit or loss
884,474



At end of year
883,490

The deferred taxation balance is made up as follows:

30 June
31 December
2023
2022
£
£


Accelerated capital allowances
(168)
(984)

Tax losses carried forward
883,658
-

883,490
(984)

 
Page 10