Caseware UK (AP4) 2023.0.135 2023.0.135 12023-03-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02138134 2023-03-01 2024-02-29 02138134 2022-03-01 2023-02-28 02138134 2024-02-29 02138134 2023-02-28 02138134 c:Director1 2023-03-01 2024-02-29 02138134 d:PlantMachinery 2023-03-01 2024-02-29 02138134 d:PlantMachinery 2024-02-29 02138134 d:PlantMachinery 2023-02-28 02138134 d:FurnitureFittings 2023-03-01 2024-02-29 02138134 d:FurnitureFittings 2024-02-29 02138134 d:FurnitureFittings 2023-02-28 02138134 d:FreeholdInvestmentProperty 2024-02-29 02138134 d:FreeholdInvestmentProperty 2023-02-28 02138134 d:CurrentFinancialInstruments 2024-02-29 02138134 d:CurrentFinancialInstruments 2023-02-28 02138134 d:Non-currentFinancialInstruments 2024-02-29 02138134 d:Non-currentFinancialInstruments 2023-02-28 02138134 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 02138134 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 02138134 d:ShareCapital 2024-02-29 02138134 d:ShareCapital 2023-02-28 02138134 d:SharePremium 2024-02-29 02138134 d:SharePremium 2023-02-28 02138134 d:RevaluationReserve 2024-02-29 02138134 d:RevaluationReserve 2023-02-28 02138134 d:RetainedEarningsAccumulatedLosses 2024-02-29 02138134 d:RetainedEarningsAccumulatedLosses 2023-02-28 02138134 c:FRS102 2023-03-01 2024-02-29 02138134 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 02138134 c:FullAccounts 2023-03-01 2024-02-29 02138134 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 02138134 2 2023-03-01 2024-02-29 02138134 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 02138134










DETRACOURT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 29 February 2024

 
DETRACOURT LIMITED
Registered number: 02138134

STATEMENT OF FINANCIAL POSITION
As at 29 February 2024

February
February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
1,300,000
1,300,000

  
1,300,000
1,300,000

Current assets
  

Debtors: amounts falling due after more than one year
 6 
30,001
30,001

Debtors: amounts falling due within one year
 6 
6,148
-

Cash at bank and in hand
  
169,384
132,592

  
205,533
162,593

Creditors: amounts falling due within one year
 7 
(244,599)
(241,516)

Net current liabilities
  
 
 
(39,066)
 
 
(78,923)

Total assets less current liabilities
  
1,260,934
1,221,077

  

Net assets
  
1,260,934
1,221,077


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Share premium account
  
264,782
264,782

Revaluation reserve
  
178,405
178,405

Profit and loss account
  
812,747
772,890

  
1,260,934
1,221,077


Page 1

 
DETRACOURT LIMITED
Registered number: 02138134
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 29 February 2024

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 his 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: 






................................................
A R Guy
Director

Date: 7 September 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

1.


General information

The company, which was incorporated and registered in England and Wales (registered number 2138134), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

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 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.

Page 3

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 reporting date.

 
2.5

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:

Plant & machinery
-
25%
straight line
Fixtures & fittings
-
25%
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.

Page 4

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

2.Accounting policies (continued)

 
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.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

4.


Tangible fixed assets







Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 March 2023
5,835
14,378
20,213



At 29 February 2024

5,835
14,378
20,213



Depreciation


At 1 March 2023
5,835
14,378
20,213



At 29 February 2024

5,835
14,378
20,213



Net book value



At 29 February 2024
-
-
-



At 28 February 2023
-
-
-

Page 6

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
1,300,000



At 29 February 2024
1,300,000

The 2024 valuations were made by A R Guy (Director), on an open market value for existing use basis.



At 29 February 2024



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

February
February
2024
2023
£
£


Historic cost
1,121,593
1,121,593

Accumulated depreciation and impairments
(466,411)
(443,979)

655,182
677,614

Page 7

 
DETRACOURT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

6.


Debtors

February
February
2024
2023
£
£

Due after more than one year

Other debtors
30,001
30,001

30,001
30,001


February
February
2024
2023
£
£

Due within one year

Prepayments and accrued income
6,148
-

6,148
-



7.


Creditors: Amounts falling due within one year

February
February
2024
2023
£
£

Corporation tax
11,591
8,507

Other creditors
231,156
231,157

Accruals and deferred income
1,852
1,852

244,599
241,516


 
Page 8