Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13219298 2023-03-01 2024-02-29 13219298 2022-03-01 2023-02-28 13219298 2024-02-29 13219298 2023-02-28 13219298 c:Director1 2023-03-01 2024-02-29 13219298 d:FreeholdInvestmentProperty 2024-02-29 13219298 d:FreeholdInvestmentProperty 2023-02-28 13219298 d:CurrentFinancialInstruments 2024-02-29 13219298 d:CurrentFinancialInstruments 2023-02-28 13219298 d:Non-currentFinancialInstruments 2024-02-29 13219298 d:Non-currentFinancialInstruments 2023-02-28 13219298 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13219298 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13219298 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 13219298 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13219298 d:ShareCapital 2024-02-29 13219298 d:ShareCapital 2023-02-28 13219298 d:RetainedEarningsAccumulatedLosses 2024-02-29 13219298 d:RetainedEarningsAccumulatedLosses 2023-02-28 13219298 c:FRS102 2023-03-01 2024-02-29 13219298 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13219298 c:FullAccounts 2023-03-01 2024-02-29 13219298 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13219298 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13219298









DVJ DEVELOPMENT COMPANY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
DVJ DEVELOPMENT COMPANY LTD
REGISTERED NUMBER: 13219298

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
9,198,821
9,198,821

  
9,198,821
9,198,821

Current assets
  

Debtors: amounts falling due within one year
 5 
36,944
49,611

Cash at bank and in hand
 6 
68,181
84,963

  
105,125
134,574

Creditors: amounts falling due within one year
 7 
(1,487,204)
(1,356,027)

Net current liabilities
  
 
 
(1,382,079)
 
 
(1,221,453)

Total assets less current liabilities
  
7,816,742
7,977,368

Creditors: amounts falling due after more than one year
 8 
(7,501,078)
(7,770,137)

  

Net assets
  
315,664
207,231


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
315,564
207,131

  
315,664
207,231


Page 1

 
DVJ DEVELOPMENT COMPANY LTD
REGISTERED NUMBER: 13219298
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

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.

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




D V Juneja
Director

Date: 24 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
DVJ DEVELOPMENT COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

DVJ Development Company Limited is a private company limited by shares and incorporated in England and Wales (registered number 13219298). The registered office address is 22 Goodlass Road, Speke, Liverpool, United Kingdom, L24 9HJ.

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

Borrowing costs

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

 
2.4

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.

 
2.5

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.

Page 3

 
DVJ DEVELOPMENT COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
9,198,821



At 29 February 2024
9,198,821

The 2024 valuations were made by the directors, on an open market value for existing use basis.





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

29 February
28 February
2024
2023
£
£


Historic cost
9,187,621
9,187,621

9,187,621
9,187,621

Page 4

 
DVJ DEVELOPMENT COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Prepayments and accrued income
36,944
49,611

36,944
49,611



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
68,181
84,963

68,181
84,963



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other taxation and social security
22,600
22,599

Other creditors
1,461,604
1,331,428

Accruals and deferred income
3,000
2,000

1,487,204
1,356,027



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
7,501,078
7,770,137

7,501,078
7,770,137


 
Page 5