Caseware UK (AP4) 2023.0.135 2023.0.135 false2022-10-202falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14431361 2022-10-19 14431361 2022-10-20 2023-12-31 14431361 2021-10-20 2022-10-19 14431361 2023-12-31 14431361 c:Director1 2022-10-20 2023-12-31 14431361 d:FreeholdInvestmentProperty 2022-10-20 2023-12-31 14431361 d:FreeholdInvestmentProperty 2023-12-31 14431361 d:CurrentFinancialInstruments 2023-12-31 14431361 d:Non-currentFinancialInstruments 2023-12-31 14431361 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14431361 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14431361 d:ShareCapital 2022-10-20 2023-12-31 14431361 d:ShareCapital 2023-12-31 14431361 d:RetainedEarningsAccumulatedLosses 2022-10-20 2023-12-31 14431361 d:RetainedEarningsAccumulatedLosses 2023-12-31 14431361 c:OrdinaryShareClass1 2022-10-20 2023-12-31 14431361 c:OrdinaryShareClass1 2023-12-31 14431361 c:OrdinaryShareClass2 2022-10-20 2023-12-31 14431361 c:OrdinaryShareClass2 2023-12-31 14431361 c:OrdinaryShareClass3 2022-10-20 2023-12-31 14431361 c:OrdinaryShareClass3 2023-12-31 14431361 c:OrdinaryShareClass4 2022-10-20 2023-12-31 14431361 c:OrdinaryShareClass4 2023-12-31 14431361 c:OrdinaryShareClass5 2022-10-20 2023-12-31 14431361 c:OrdinaryShareClass5 2023-12-31 14431361 c:FRS102 2022-10-20 2023-12-31 14431361 c:AuditExemptWithAccountantsReport 2022-10-20 2023-12-31 14431361 c:FullAccounts 2022-10-20 2023-12-31 14431361 c:PrivateLimitedCompanyLtd 2022-10-20 2023-12-31 14431361 e:PoundSterling 2022-10-20 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14431361










DH Daza Investments Limited








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 December 2023

 
DH Daza Investments Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of DH Daza Investments Limited for the period ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DH Daza Investments Limited for the period ended 31 December 2023 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of DH Daza Investments Limited, as a body, in accordance with the terms of our engagement letter dated 30 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of DH Daza Investments Limited and state those matters that we have agreed to state to the Board of directors of DH Daza Investments Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DH Daza Investments Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that DH Daza Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DH Daza Investments Limited. You consider that DH Daza Investments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of DH Daza Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
15 October 2024
Page 1

 
DH Daza Investments Limited
Registered number: 14431361

Balance sheet
As at 31 December 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
570,343

  
570,343

Current assets
  

Debtors: amounts falling due within one year
 5 
403

Cash at bank and in hand
 6 
10,208

  
10,611

Creditors: amounts falling due within one year
 7 
(46,517)

Net current (liabilities)/assets
  
 
 
(35,906)

Total assets less current liabilities
  
534,437

Creditors: amounts falling due after more than one year
 8 
(533,000)

  

Net assets
  
1,437


Capital and reserves
  

Called up share capital 
  
403

Profit and loss account
  
1,034

  
1,437


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 15 October 2024.




D McGee
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
DH Daza Investments Limited
 

Statement of changes in equity
For the period ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
1,034
1,034


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
1,034
1,034


Contributions by and distributions to owners

Shares issued during the period
403
-
403


Total transactions with owners
403
-
403


At 31 December 2023
403
1,034
1,437

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
DH Daza Investments Limited
 

 
Notes to the financial statements
For the period ended 31 December 2023

1.


General information

The company is a private company limited by share capital incorporated in England, within the United Kingdom (Registered number: 14431361).  The registered office address is Butlers, Tower Hill, Horsham, West Sussex, RH13 0AQ.

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

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

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.

 
2.4

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.

Page 4

 
DH Daza Investments Limited
 

 
Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
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.

 
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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Directors
2

Page 5

 
DH Daza Investments Limited
 

 
Notes to the financial statements
For the period ended 31 December 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
570,343



At 31 December 2023
570,343

The 2023 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:

2023
£


Historic cost
570,343

570,343


5.


Debtors

2023
£


Called up share capital not paid
403

403



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
10,208

10,208


Page 6

 
DH Daza Investments Limited
 

 
Notes to the financial statements
For the period ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to related parties
35,000

Corporation tax
242

Other creditors
100

Accruals and deferred income
11,175

46,517



8.


Creditors: Amounts falling due after more than one year

2023
£

Amounts owed to related parties
533,000

533,000



9.


Share capital

2023
£
Allotted, called up and fully paid


3 Ordinary A Shares shares of £1.00 each
3
100 Ordinary B Shares shares of £1.00 each
100
100 Ordinary C Shares shares of £1.00 each
100
100 Ordinary D Shares shares of £1.00 each
100
100 Ordinary E Shares shares of £1.00 each
100

403


During the year 403 shares were issued at par.  The A shares have rights to vote and to capital.  The B, C, D & E shares have no rights to vote but do have rights to capital.  All shares have rights to dividend.


10.


Related party transactions

EVM Group Limited
Common directors
During the year EVM Group Limited loaned DH Daza Investments Limited £568,000 (2022: £Nil).  No interest is being charged on the loan and no formal security has been given.  At the balance sheet date the amount owed to EVM Group Limited was £568,000 (2022: £Nil).


11.


Controlling party

The ultimate controlling party is D McGee.


Page 7