Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse2023-01-01falseNo description of principal activity1111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02975954 2023-01-01 2023-12-31 02975954 2022-01-01 2022-12-31 02975954 2023-12-31 02975954 2022-12-31 02975954 c:Director1 2023-01-01 2023-12-31 02975954 d:PlantMachinery 2023-01-01 2023-12-31 02975954 d:PlantMachinery 2023-12-31 02975954 d:PlantMachinery 2022-12-31 02975954 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02975954 d:MotorVehicles 2023-01-01 2023-12-31 02975954 d:MotorVehicles 2023-12-31 02975954 d:MotorVehicles 2022-12-31 02975954 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02975954 d:FurnitureFittings 2023-01-01 2023-12-31 02975954 d:FurnitureFittings 2023-12-31 02975954 d:FurnitureFittings 2022-12-31 02975954 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02975954 d:OfficeEquipment 2023-01-01 2023-12-31 02975954 d:OfficeEquipment 2023-12-31 02975954 d:OfficeEquipment 2022-12-31 02975954 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02975954 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02975954 d:CurrentFinancialInstruments 2023-12-31 02975954 d:CurrentFinancialInstruments 2022-12-31 02975954 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02975954 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02975954 d:ShareCapital 2023-12-31 02975954 d:ShareCapital 2022-12-31 02975954 d:CapitalRedemptionReserve 2023-12-31 02975954 d:CapitalRedemptionReserve 2022-12-31 02975954 d:RetainedEarningsAccumulatedLosses 2023-12-31 02975954 d:RetainedEarningsAccumulatedLosses 2022-12-31 02975954 c:FRS102 2023-01-01 2023-12-31 02975954 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02975954 c:FullAccounts 2023-01-01 2023-12-31 02975954 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02975954 2 2023-01-01 2023-12-31 02975954 6 2023-01-01 2023-12-31 02975954 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02975954









DARTMOUTH CAPITAL ADVISORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DARTMOUTH CAPITAL ADVISORS LIMITED
REGISTERED NUMBER: 02975954

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,880
28,174

Investments
 5 
1
1

  
10,881
28,175

Current assets
  

Debtors: amounts falling due within one year
 6 
217,092
230,556

Cash at bank and in hand
 7 
376,714
305,555

  
593,806
536,111

Creditors: amounts falling due within one year
 8 
(224,364)
(285,291)

Net current assets
  
 
 
369,442
 
 
250,820

Total assets less current liabilities
  
380,323
278,995

  

Net assets
  
380,323
278,995


Capital and reserves
  

Called up share capital 
  
2
2

Capital redemption reserve
  
2
2

Profit and loss account
  
380,319
278,991

  
380,323
278,995


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.

Page 1

 
DARTMOUTH CAPITAL ADVISORS LIMITED
REGISTERED NUMBER: 02975954
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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: 




................................................
J D Ashcroft
Director

Date: 23 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DARTMOUTH CAPITAL ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dartmouth Capital Advisors Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Riverbank House, 2 Swan Lane, London, EC4R 3TT. 
The company's principal activity is that of an advisory firm.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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:

Page 3

 
DARTMOUTH CAPITAL ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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:

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.

 
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 4

 
DARTMOUTH CAPITAL ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

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 5

 
DARTMOUTH CAPITAL ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.13

Job retention scheme

The nature and amount from the Government under the Furlough scheme is recognised in the financial statements. There are no unfulfilled conditions or other contingencies attaching to grants that have been recognised in income, and the company received the subsidy for the Furlough scheme purpose only.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 11).

Page 6

 
DARTMOUTH CAPITAL ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
4,800
17,585
6,729
27,761
56,875


Additions
-
-
-
6,282
6,282


Disposals
(4,800)
(17,585)
(6,729)
(14,855)
(43,969)



At 31 December 2023

-
-
-
19,188
19,188



Depreciation


At 1 January 2023
4,494
366
5,995
17,846
28,701


Charge for the year on owned assets
77
4,305
184
3,889
8,455


Disposals
(4,571)
(4,671)
(6,179)
(13,427)
(28,848)



At 31 December 2023

-
-
-
8,308
8,308



Net book value



At 31 December 2023
-
-
-
10,880
10,880



At 31 December 2022
306
17,219
734
9,915
28,174


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1




Page 7

 
DARTMOUTH CAPITAL ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
28,606
38,501

Amounts owed by group undertakings
175,788
175,788

Other debtors
3,137
6,106

Prepayments and accrued income
9,561
10,161

217,092
230,556



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
376,714
305,555

376,714
305,555



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,309
23,748

Corporation tax
123,779
125,352

Other taxation and social security
84,836
125,662

Other creditors
2,440
5,779

Accruals and deferred income
5,000
4,750

224,364
285,291



9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions for the year totalled £38,060 (2022: £47,284).

Page 8

 
DARTMOUTH CAPITAL ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Related party transactions

At the balance sheet date, the company were due £175,788 (2022: £175,788) from group companies. This loan is interest free and repayable on demand.
At the year end the Director owed the company £Nil (2022: £950). This was subsequently repaid post year end. 


11.


Controlling party

Dartmouth Capital Advisors Limited is controlled by J D Ashcroft, by virtue of his controlling share capital.

 
Page 9