Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-311true2022-11-01falsefalse1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12985942 2022-11-01 2023-10-31 12985942 2021-11-01 2022-10-31 12985942 2023-10-31 12985942 2022-10-31 12985942 c:Director1 2022-11-01 2023-10-31 12985942 d:FreeholdInvestmentProperty 2023-10-31 12985942 d:FreeholdInvestmentProperty 2022-10-31 12985942 d:CurrentFinancialInstruments 2023-10-31 12985942 d:CurrentFinancialInstruments 2022-10-31 12985942 d:Non-currentFinancialInstruments 2023-10-31 12985942 d:Non-currentFinancialInstruments 2022-10-31 12985942 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12985942 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12985942 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12985942 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 12985942 d:ShareCapital 2023-10-31 12985942 d:ShareCapital 2022-10-31 12985942 d:RetainedEarningsAccumulatedLosses 2023-10-31 12985942 d:RetainedEarningsAccumulatedLosses 2022-10-31 12985942 c:FRS102 2022-11-01 2023-10-31 12985942 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12985942 c:FullAccounts 2022-11-01 2023-10-31 12985942 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12985942 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12985942










DQPY THE HERON LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
DQPY THE HERON LTD
REGISTERED NUMBER: 12985942

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
433,332
433,332

  
433,332
433,332

Current assets
  

Debtors: amounts falling due within one year
 5 
-
180

Cash at bank and in hand
 6 
2,473
1,967

  
2,473
2,147

Creditors: amounts falling due within one year
 7 
(219,824)
(216,698)

Net current liabilities
  
 
 
(217,351)
 
 
(214,551)

Total assets less current liabilities
  
215,981
218,781

Creditors: amounts falling due after more than one year
 8 
(224,514)
(231,240)

  

Net liabilities
  
(8,533)
(12,459)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(8,633)
(12,559)

  
(8,533)
(12,459)


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 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.
 
Page 1

 
DQPY THE HERON LTD
REGISTERED NUMBER: 12985942
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 October 2024.


Y Peng
Director

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

Page 2

 
DQPY THE HERON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

DQPY The Heron is a private limited company incorporated in England and Wales, company registration number 12985942. The register office address is 189 Coombe Lane, London, SW20 0RG.

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 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:
Turnover comprises rental income from investment properties, exclusive of discounts, recognised in the period to which it relates.

 
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.

 
2.5

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 profit or loss.

 
2.6

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.

 
2.7

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. 

Page 3

 
DQPY THE HERON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

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

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

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


Page 4

 
DQPY THE HERON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
433,332



At 31 October 2023
433,332









5.


Debtors

2023
2022
£
£


Prepayments and accrued income
-
180

-
180



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,473
1,967

2,473
1,967



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,726
6,485

Other creditors
210,150
207,445

Accruals and deferred income
2,948
2,768

219,824
216,698


Page 5

 
DQPY THE HERON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
224,514
231,240

224,514
231,240


The bank loan is secured by a fixed charge over the investment property.


9.


Related party transactions

At the balance sheet date, the company owed £37,853 (2022: £35,148) to a director.
At the balance sheet date, the company owed £172,297 (2022: £172,297) to a company in which a director has a material interest. 

 
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