Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activity2023-04-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01352832 2023-04-01 2024-03-31 01352832 2022-04-01 2023-03-31 01352832 2024-03-31 01352832 2023-03-31 01352832 c:Director1 2023-04-01 2024-03-31 01352832 d:FreeholdInvestmentProperty 2024-03-31 01352832 d:FreeholdInvestmentProperty 2023-03-31 01352832 d:CurrentFinancialInstruments 2024-03-31 01352832 d:CurrentFinancialInstruments 2023-03-31 01352832 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01352832 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01352832 d:UKTax 2023-04-01 2024-03-31 01352832 d:UKTax 2022-04-01 2023-03-31 01352832 d:ShareCapital 2024-03-31 01352832 d:ShareCapital 2023-03-31 01352832 d:RetainedEarningsAccumulatedLosses 2024-03-31 01352832 d:RetainedEarningsAccumulatedLosses 2023-03-31 01352832 c:FRS102 2023-04-01 2024-03-31 01352832 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01352832 c:FullAccounts 2023-04-01 2024-03-31 01352832 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01352832 d:OtherDeferredTax 2024-03-31 01352832 d:OtherDeferredTax 2023-03-31 01352832 2 2023-04-01 2024-03-31 01352832 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 01352832









 
DEVILLE ESTATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024











Fletcher & Partners
Chartered Accountants
Salisbury

 
DEVILLE ESTATES LIMITED
REGISTERED NUMBER:01352832

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
420,000
420,000

Current assets
  

Debtors: amounts falling due within one year
 6 
374,110
374,575

Cash at bank and in hand
 7 
4,003
18,917

  
378,113
393,492

Creditors: amounts falling due within one year
 8 
(529,369)
(542,252)

Net current liabilities
  
 
 
(151,256)
 
 
(148,760)

Total assets less current liabilities
  
268,744
271,240

Provisions for liabilities
  

Deferred tax
 9 
(51,402)
(51,402)

Net assets
  
217,342
219,838


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
217,242
219,738

  
217,342
219,838


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 by: 



P Kaufeler
Director
Date: 10 October 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

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

1.


General information

Deville Estates Limited is a private company limited by shares, incorporated in England and Wales, registered number 01352832. Its registered office is 13a Kenway Road, London, SW5 0RP.

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

Investment property

Investment property is carried at fair value determined annually by the director 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 the Statement of Comprehensive Income.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

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.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Interest income

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

 
2.8

Borrowing costs

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

Page 2

 
DEVILLE ESTATES LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.


3.


Employees




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

Page 3

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

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
-
401


Deferred tax


Changes to tax rates
-
-


Taxation on profit on ordinary activities
-
401

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - lower than) the standard rate of corporation tax in the UK of 19% (2023 - 19%). The differences are explained below:

2024
2023
£
£


(Loss)/profit on ordinary activities before tax
(2,496)
2,121


(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)
(474)
403

Effects of:


Group relief
474
(2)

Total tax charge for the year
-
401


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
420,000



At 31 March 2024
420,000






Page 4

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

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
373,638
374,575

Prepayments and accrued income
472
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,003
18,917



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
205,000
205,000

Amounts owed to group undertakings
318,495
318,495

Corporation tax
-
401

Accruals and deferred income
5,874
18,356

529,369
542,252


The following liabilities were secured:

2024
2023
£
£



Other loans
205,000
205,000

Details of security provided:

Charge over land at High Wych Road, Sawbridgeworth, East Hertfordshire.


9.


Deferred taxation




2024


£






At beginning of year
51,402



At end of year
51,402

Page 5

 
DEVILLE ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value gains
51,402
51,402


10.


Profit and loss account

Non-distributable 2024
Distributable 2024
Total
2024
Non-distributable 2023
Distributable 2023
Total
2023
        £
        £
        £
        £
        £
        £

Brought forward

167,101

52,637

219,738
 
167,101
 
50,917

218,018

Profit/(loss) before tax

-

(2,496)

(2,496)
 
-
 
2,121

2,121

Corporation tax

-

-

-
 
-
 
(401)

(401)


167,101

50,141

217,242
 
167,101
 
52,637

219,738



11.


Fair value reserve (part of non-distributable profit and loss account)

2024
£
At 1 April 2023

218,503

Fair value gains in year

-

At 31 March 2024
218,503



12.


Related party transactions

The company has taken advantage of the exemption under FRS 102 to not disclose transactions between group companies.

13.


Controlling party

The company is a wholly owned subsidiary of Deville Investment Group Holdings Limited, a company
incorporated in the United Kingdom. Its registered office is 13a Kenway Road, London, SW5 0RP


Page 6