Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-315Property2023-01-015truetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13093150 2023-01-01 2023-12-31 13093150 2022-01-01 2022-12-31 13093150 2023-12-31 13093150 2022-12-31 13093150 c:Director4 2023-01-01 2023-12-31 13093150 c:Director5 2023-01-01 2023-12-31 13093150 d:FreeholdInvestmentProperty 2023-12-31 13093150 d:FreeholdInvestmentProperty 2022-12-31 13093150 d:CurrentFinancialInstruments 2023-12-31 13093150 d:CurrentFinancialInstruments 2022-12-31 13093150 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13093150 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13093150 d:ShareCapital 2023-12-31 13093150 d:ShareCapital 2022-12-31 13093150 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13093150 d:RetainedEarningsAccumulatedLosses 2023-12-31 13093150 d:RetainedEarningsAccumulatedLosses 2022-12-31 13093150 d:OtherDeferredTax 2023-12-31 13093150 d:OtherDeferredTax 2022-12-31 13093150 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13093150 c:OrdinaryShareClass1 2023-12-31 13093150 c:OrdinaryShareClass1 2022-12-31 13093150 c:FRS102 2023-01-01 2023-12-31 13093150 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13093150 c:FullAccounts 2023-01-01 2023-12-31 13093150 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13093150 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13093150









DALLAS LYONWOOD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DALLAS LYONWOOD LIMITED
REGISTERED NUMBER: 13093150

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
220,000
220,000

Current assets
  

Cash at bank and in hand
 5 
17,572
54,746

  
17,572
54,746

Creditors: amounts falling due within one year
 6 
(234,132)
(271,306)

Net current liabilities
  
 
 
(216,560)
 
 
(216,560)

Total assets less current liabilities
  
3,440
3,440

Provisions for liabilities
  

Deferred tax
 7 
(777)
(777)

Net assets
  
2,663
2,663


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
 9 
2,661
2,661

Total equity
  
2,663
2,663


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 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.
 
Page 1

 
DALLAS LYONWOOD LIMITED
REGISTERED NUMBER: 13093150
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Y Patel
................................................
M Popat
Director
Director


Date: 25 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DALLAS LYONWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dallas Lyonwood Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the 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.

Page 3

 
DALLAS LYONWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

 
DALLAS LYONWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
DALLAS LYONWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.10

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.


3.


Employees



The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
220,000



At 31 December 2023
220,000

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





5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,572
54,746



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
211,998
211,998

Accruals and deferred income
22,134
59,308

234,132
271,306


Page 6

 
DALLAS LYONWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Deferred taxation




2023


£






At beginning of year
(777)



At end of year
(777)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Surplus on investment property
(777)
(777)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



9.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses. Included in this balance is £3,313 (2022 - £3,313) of non-distributable reserves.


10.


Related party transactions

Included in other creditors is an amount of £211,998 (2022 - £211,998) due to shareholders of the company. A management charge of £15,459 (2022 - £52,182) has been accrued in respect of these shareholders.
There are no fixed terms in respect of interest or repayment of the above balances.

 
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