Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse1false2023-01-01The principal activity of the company in the year under review was that of the production and sale of art.1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08820087 2023-01-01 2023-12-31 08820087 2022-01-01 2022-12-31 08820087 2023-12-31 08820087 2022-12-31 08820087 2022-01-01 08820087 c:Director1 2023-01-01 2023-12-31 08820087 c:RegisteredOffice 2023-01-01 2023-12-31 08820087 d:Buildings 2023-12-31 08820087 d:Buildings 2022-12-31 08820087 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08820087 d:PlantMachinery 2023-01-01 2023-12-31 08820087 d:PlantMachinery 2023-12-31 08820087 d:PlantMachinery 2022-12-31 08820087 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08820087 d:MotorVehicles 2023-01-01 2023-12-31 08820087 d:MotorVehicles 2023-12-31 08820087 d:MotorVehicles 2022-12-31 08820087 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08820087 d:OfficeEquipment 2023-01-01 2023-12-31 08820087 d:OfficeEquipment 2023-12-31 08820087 d:OfficeEquipment 2022-12-31 08820087 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08820087 d:ComputerEquipment 2023-01-01 2023-12-31 08820087 d:ComputerEquipment 2023-12-31 08820087 d:ComputerEquipment 2022-12-31 08820087 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08820087 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08820087 d:CurrentFinancialInstruments 2023-12-31 08820087 d:CurrentFinancialInstruments 2022-12-31 08820087 d:Non-currentFinancialInstruments 2023-12-31 08820087 d:Non-currentFinancialInstruments 2022-12-31 08820087 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08820087 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08820087 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08820087 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08820087 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 08820087 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 08820087 d:ShareCapital 2023-01-01 2023-12-31 08820087 d:ShareCapital 2023-12-31 08820087 d:ShareCapital 2022-01-01 2022-12-31 08820087 d:ShareCapital 2022-12-31 08820087 d:ShareCapital 2022-01-01 08820087 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08820087 d:RetainedEarningsAccumulatedLosses 2023-12-31 08820087 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 08820087 d:RetainedEarningsAccumulatedLosses 2022-12-31 08820087 d:RetainedEarningsAccumulatedLosses 2022-01-01 08820087 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08820087 c:OrdinaryShareClass1 2023-12-31 08820087 c:OrdinaryShareClass1 2022-12-31 08820087 c:FRS102 2023-01-01 2023-12-31 08820087 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08820087 c:FullAccounts 2023-01-01 2023-12-31 08820087 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08820087 2 2023-01-01 2023-12-31 08820087 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08820087









ENRICO DAVID LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ENRICO DAVID LIMITED
 
 
COMPANY INFORMATION


Director
E David 




Registered number
08820087



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
ENRICO DAVID LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 9


 
ENRICO DAVID LIMITED
REGISTERED NUMBER: 08820087

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,357,153
1,359,360

  
1,357,153
1,359,360

Current assets
  

Debtors: amounts falling due within one year
 5 
1,250
10,232

Cash at bank and in hand
 6 
207,871
312,244

  
209,121
322,476

Creditors: amounts falling due within one year
 7 
(182,550)
(256,730)

Net current assets
  
 
 
26,571
 
 
65,746

Total assets less current liabilities
  
1,383,724
1,425,106

Creditors: amounts falling due after more than one year
 8 
(636,995)
(736,995)

  

Net assets
  
746,729
688,111


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
746,728
688,110

  
746,729
688,111


Page 1

 
ENRICO DAVID LIMITED
REGISTERED NUMBER: 08820087
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 profit and loss account 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: 




E David
Director

Date: 9 October 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
ENRICO DAVID LIMITED
 

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
1
606,230
606,231


Comprehensive income for the year

Profit for the year
-
131,880
131,880
Total comprehensive income for the year
-
131,880
131,880


Contributions by and distributions to owners

Dividends: Equity capital
-
(50,000)
(50,000)


Total transactions with owners
-
(50,000)
(50,000)



At 1 January 2023
1
688,110
688,111


Comprehensive income for the year

Profit for the year
-
108,618
108,618
Total comprehensive income for the year
-
108,618
108,618


Contributions by and distributions to owners

Dividends: Equity capital
-
(50,000)
(50,000)


Total transactions with owners
-
(50,000)
(50,000)


At 31 December 2023
1
746,728
746,729


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
ENRICO DAVID LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Enrico David Limited is a private company, limited by shares, incorporated in England and Wales with registration number of 08820087. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued support of the shareholder who has confirmed provision of such financial support as is necessary for the company to meet its liabilities as they fall due for a period of at least twelve months from the date of signing of the financial statements of the company.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Page 4

 
ENRICO DAVID LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

Page 5

 
ENRICO DAVID LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
Office equipment
-
20% straight line
Computer equipment
-
20% straight line

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
ENRICO DAVID LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Buildings
Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2023
1,354,489
97,460
2,911
14,893
4,199
1,473,952



At 31 December 2023

1,354,489
97,460
2,911
14,893
4,199
1,473,952



Depreciation


At 1 January 2023
-
97,460
2,911
10,975
3,246
114,592


Charge for the year on owned assets
-
-
-
1,920
287
2,207



At 31 December 2023

-
97,460
2,911
12,895
3,533
116,799



Net book value



At 31 December 2023
1,354,489
-
-
1,998
666
1,357,153



At 31 December 2022
1,354,489
-
-
3,918
953
1,359,360




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
1,354,489
1,354,489



5.


Debtors

2023
2022
£
£


Other debtors
-
8,982

Prepayments and accrued income
1,250
1,250

1,250
10,232


Page 7

 
ENRICO DAVID LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
207,871
312,244

Less: bank overdrafts
-
(8,050)

207,871
304,194



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
8,050

Trade creditors
8,765
2,796

Corporation tax
13,122
51,559

Other taxation and social security
435
24,534

Other creditors
138,373
135,441

Accruals and deferred income
21,855
34,350

182,550
256,730



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
636,995
736,995


Page 8

 
ENRICO DAVID LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
636,995
736,995


Long term bank loan represents the company's borrowings in relation to its share of interest in its freehold premises. These amounts are secured against the property and subject to personal guarantees from the director and from other individuals.
Interest accrues at 4% above Bank of England base rates.


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 9