Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetruetrue2023-01-01truetruetruetruetrueNo description of principal activity00truefalse 09622496 2023-01-01 2023-12-31 09622496 2022-01-01 2022-12-31 09622496 2023-12-31 09622496 2022-12-31 09622496 2022-01-01 09622496 c:CompanySecretary1 2023-01-01 2023-12-31 09622496 c:Director1 2023-01-01 2023-12-31 09622496 c:Director2 2023-01-01 2023-12-31 09622496 c:RegisteredOffice 2023-01-01 2023-12-31 09622496 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 09622496 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 09622496 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 09622496 d:IntangibleAssetsOtherThanGoodwill 2023-12-31 09622496 d:IntangibleAssetsOtherThanGoodwill 2022-12-31 09622496 d:CurrentFinancialInstruments 2023-12-31 09622496 d:CurrentFinancialInstruments 2022-12-31 09622496 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09622496 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09622496 d:ShareCapital 2023-12-31 09622496 d:ShareCapital 2022-12-31 09622496 d:ShareCapital 2022-01-01 09622496 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 09622496 d:RetainedEarningsAccumulatedLosses 2023-12-31 09622496 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 09622496 d:RetainedEarningsAccumulatedLosses 2022-12-31 09622496 d:RetainedEarningsAccumulatedLosses 2022-01-01 09622496 c:EntityHasNeverTraded 2023-01-01 2023-12-31 09622496 c:FRS101 2023-01-01 2023-12-31 09622496 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09622496 c:FullAccounts 2023-01-01 2023-12-31 09622496 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09622496 d:FinancialInstrumentsFairValueThroughProfitOrLoss 2023-01-01 2023-12-31 09622496 d:FinancialLiabilitiesAmortisedCost 2023-01-01 2023-12-31 09622496 d:FinancialInstrumentsDesignatedFairValueThroughProfitOrLoss 2023-01-01 2023-12-31 09622496 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 09622496 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09622496









DARTMOUTH PARTNERS LEGAL LTD







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DARTMOUTH PARTNERS LEGAL LTD
 
 
COMPANY INFORMATION


Directors
L V Naidu 
D Sookramanien 




Company secretary
K Selves



Registered number
09622496



Registered office
125 London Wall

London

EC2Y 5AS




Accountants
CLA Evelyn Partners Limited
Chartered Accountants

14th floor

103 Colmore Road

Birmingham

B3 3AG





 
DARTMOUTH PARTNERS LEGAL LTD
 

CONTENTS



Page
Directors' Report
1
Directors' Responsibilities Statement
2
Statement of Financial Position
3 - 4
Statement of Changes in Equity
5
Notes to the Financial Statements
6 - 10


 
DARTMOUTH PARTNERS LEGAL LTD
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors

The directors who served during the year were:

L V Naidu 
D Sookramanien 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





D Sookramanien
Director

Date: 27 September 2024

Page 1

 
DARTMOUTH PARTNERS LEGAL LTD
 
 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent; and


prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and other information included in Directors' Reports may differ from legislation in other jurisdictions.

Page 2

 
DARTMOUTH PARTNERS LEGAL LTD
REGISTERED NUMBER:09622496

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Intangible assets
 5 
1,908
-

  
1,908
-

Current assets
  

Debtors: amounts falling due within one year
 6 
313
744

  
313
744

Creditors: amounts falling due within one year
 7 
(2,106)
(629)

Net current (liabilities)/assets
  
 
 
(1,793)
 
 
115

  

Net assets
  
115
115


Capital and reserves
  

Called up share capital 
  
10
10

Retained earnings
  
105
105

Shareholders' funds
  
115
115


Page 3

 
DARTMOUTH PARTNERS LEGAL LTD
REGISTERED NUMBER:09622496
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Company is a dormant entity and as such does not actively trade. Accordingly, no items of income or expenditure have been incurred in either the year ended 31 December 2023 or the preceding financial year. As such, there are no items of profit or loss arising in either financial period.
The 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 Company was entitled to exemption from audit under section 480 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 Company's financial statements have been prepared in accordance with the provisions applicable to entities 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 Sookramanien
Director

Date: 27 September 2024

The notes on pages 6 to 10 form part of these financial statements.

Page 4

 
DARTMOUTH PARTNERS LEGAL LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
10
105
115

Profit for the year
-
-
-



At 1 January 2023
10
105
115

Profit for the year
-
-
-


At 31 December 2023
10
105
115


Page 5

 
DARTMOUTH PARTNERS LEGAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dartmouth Partners Legal Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 09622496). The registered office address is 125 London Wall, England, EC2Y 5AS.
The Company's functional and presentational currency is GBP. 

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 Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 79(a)(iv) of IAS 1;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of Kernel Limited as at 31 December 2023 and these financial statements may be obtained from Companies House.

Page 6

 
DARTMOUTH PARTNERS LEGAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Group, headed by Kernel Limited, has adequate resources to continue to support the Company and ensure operational existence for the foreseeable future.
The directors have reviewed cash flow forecasts for at least the 12 month period from the date of signing and assessed the current and potential impact of the COVID-19 pandemic and other macroeconomic factors, to ensure the Group can maintain the Company's day-to-day services, fulfil its statutory obligations and meet future obligations to funders and other stakeholders.
At 31 December 2023, the Group had sufficient cash balances to maintain a positive cash position and meet the Company’s liabilities as they fall due for at least 12 months from the balance sheet date, based upon current expectations. The Company is reliant on continued support by the Group.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

 The estimated useful lives range as follows:

Trademarks
-
10
years

 
2.5

Financial instruments


The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets and financial liabilities are initially measured at fair value. 

Financial assets

All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets.

Fair value through profit or loss

All of the Company's financial assets are subsequently measured at fair value at the end of each reporting period, with any fair value gains or losses being recognised in profit or loss to the extent they are not part of a designated hedging relationship. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset. 

Page 7

 
DARTMOUTH PARTNERS LEGAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Impairment of financial assets

The Company always recognises lifetime ECL for trade receivables and amounts due on contracts with customers. The expected credit losses on these financial assets are estimated based on the Company's historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument.

Financial liabilities

Fair value through profit or loss

Financial liabilities are classified as at fair value through profit or loss, when the financial liability is held for trading, or is designated as at fair value through profit or loss. This designation may be made if such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise, or the financial liability forms part of a group of financial instruments which is managed and its performance is evaluated on a fair value basis, or the financial liability forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at fair value through profit or loss. Any gains or losses arising on changes in fair value are recognised in profit or loss to the extent that they are not part of a designated hedging relationship.

At amortised cost

Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.

Page 8

 
DARTMOUTH PARTNERS LEGAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The judgements, estimates and assumptions are evaluated at each reporting date and are based on historical experience as adjusted for current market conditions and other factors. Management makes estimates and assumptions concerning the future in preparing the financial statements and the actual results will not always reflect the accounting estimates made.
The directors do not believe there to be any material estimates or judgements in the financial statements.


4.


Employees

During the year, there were no employees that were employed by the Company except for the directors, who have not been remunerated.


5.


Intangible assets




Trademarks

£



Cost


Additions
1,908



At 31 December 2023

1,908






Net book value



At 31 December 2023
1,908



At 31 December 2022
-




Page 9

 
DARTMOUTH PARTNERS LEGAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors: Amounts falling due within one year

2023
2022
£
£


Other debtors
313
744



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
2,106
629



8.


Related party transactions

The Company has taken advantage of the exemption IAS24 to not disclose transactions with wholly owned group entities.


9.


Controlling party

The Company's immediate parent undertaking is Dartmouth Partners Ltd, a company registered in England and Wales.
The Company's ultimate parent undertaking is Kernel Limited, a company registered in England and Wales.
The largest and smallest group of undertakings for which group accounts for the year ended 31 December 2023 is that headed by Kernel Limited. Copies of the Group accounts are available from Companies House.
The directors do not consider there to be an ultimate controlling party.

Page 10