Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31484000048400002023-04-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12937170 2023-04-01 2024-03-31 12937170 2022-04-01 2023-03-31 12937170 2024-03-31 12937170 2023-03-31 12937170 c:Director1 2023-04-01 2024-03-31 12937170 d:FreeholdInvestmentProperty 2024-03-31 12937170 d:FreeholdInvestmentProperty 2023-03-31 12937170 d:LeaseholdInvestmentProperty 2024-03-31 12937170 d:LeaseholdInvestmentProperty 2023-03-31 12937170 d:CurrentFinancialInstruments 2024-03-31 12937170 d:CurrentFinancialInstruments 2023-03-31 12937170 d:Non-currentFinancialInstruments 2024-03-31 12937170 d:Non-currentFinancialInstruments 2023-03-31 12937170 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12937170 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12937170 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12937170 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12937170 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 12937170 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12937170 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 12937170 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 12937170 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 12937170 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 12937170 d:ShareCapital 2024-03-31 12937170 d:ShareCapital 2023-03-31 12937170 d:SharePremium 2024-03-31 12937170 d:SharePremium 2023-03-31 12937170 d:RetainedEarningsAccumulatedLosses 2024-03-31 12937170 d:RetainedEarningsAccumulatedLosses 2023-03-31 12937170 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12937170 c:OrdinaryShareClass1 2024-03-31 12937170 c:OrdinaryShareClass1 2023-03-31 12937170 c:FRS102 2023-04-01 2024-03-31 12937170 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12937170 c:AbridgedAccounts 2023-04-01 2024-03-31 12937170 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12937170 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12937170









DYT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DYT LIMITED
REGISTERED NUMBER: 12937170

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,420,000
2,420,000

  
2,420,000
2,420,000

Current assets
  

Cash at bank and in hand
 5 
17,594
-

  
17,594
-

Creditors: amounts falling due within one year
 6 
(82,628)
(54,839)

Net current liabilities
  
 
 
(65,034)
 
 
(54,839)

Total assets less current liabilities
  
2,354,966
2,365,161

Creditors: amounts falling due after more than one year
 7 
(545,858)
(555,264)

  

Net assets
  
1,809,108
1,809,897


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Share premium account
  
1,823,859
1,823,859

Profit and loss account
  
(15,751)
(14,962)

  
1,809,108
1,809,897


Page 1

 
DYT LIMITED
REGISTERED NUMBER: 12937170
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 on 20 September 2024.




Winston Johnson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DYT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares, registered and incorporated in England & Wales.
The address of the registered office is First Floor, 3 Cumbrian House, 217 Marsh Wall, London E14 9FJ.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

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

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.

 
2.4

Borrowing costs

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

Page 3

 
DYT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.


3.


Employees




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


4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2023
1,600,000
820,000
2,420,000



At 31 March 2024
1,600,000
820,000
2,420,000

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




Page 4

 
DYT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,594
-

17,594
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,432
9,432

Corporation tax
102
1,788

Other creditors
71,444
41,999

Accruals and deferred income
1,650
1,620

82,628
54,839



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
545,858
555,264

545,858
555,264


The following liabilities were secured:

2024
2023
£
£



Bank loans
545,858
555,264

545,858
555,264

Details of security provided:

The company has loans of £545,857 (2023: £555,264) falling due later than one year, which are secured against properties of the company. Remaining loan terms are between 5 and 12 years and interest rates range from 2% to 3%.

Page 5

 
DYT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,432
9,432


9,432
9,432

Amounts falling due 1-2 years

Bank loans
9,432
9,432


9,432
9,432

Amounts falling due 2-5 years

Bank loans
10,936
20,342


10,936
20,342

Amounts falling due after more than 5 years

Bank loans
525,490
525,490

525,490
525,490

555,290
564,696



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
Page 6