Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13175066 2023-04-01 2024-03-31 13175066 2022-03-01 2023-03-31 13175066 2024-03-31 13175066 2023-03-31 13175066 c:Director1 2023-04-01 2024-03-31 13175066 c:Director2 2023-04-01 2024-03-31 13175066 d:FurnitureFittings 2023-04-01 2024-03-31 13175066 d:FurnitureFittings 2024-03-31 13175066 d:FurnitureFittings 2023-03-31 13175066 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13175066 d:OfficeEquipment 2023-04-01 2024-03-31 13175066 d:OfficeEquipment 2024-03-31 13175066 d:OfficeEquipment 2023-03-31 13175066 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13175066 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13175066 d:CurrentFinancialInstruments 2024-03-31 13175066 d:CurrentFinancialInstruments 2023-03-31 13175066 d:Non-currentFinancialInstruments 2024-03-31 13175066 d:Non-currentFinancialInstruments 2023-03-31 13175066 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13175066 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13175066 d:ShareCapital 2024-03-31 13175066 d:ShareCapital 2023-03-31 13175066 d:RetainedEarningsAccumulatedLosses 2024-03-31 13175066 d:RetainedEarningsAccumulatedLosses 2023-03-31 13175066 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13175066 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13175066 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13175066 c:OrdinaryShareClass1 2024-03-31 13175066 c:OrdinaryShareClass1 2023-03-31 13175066 c:FRS102 2023-04-01 2024-03-31 13175066 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13175066 c:FullAccounts 2023-04-01 2024-03-31 13175066 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13175066 2 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13175066









DRURYLANEPROPERTY INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DRURYLANEPROPERTY INVESTMENTS LTD
REGISTERED NUMBER: 13175066

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
7,476
5,884

  
7,476
5,884

Current assets
  

Debtors: amounts falling due after more than one year
 5 
25,860
31,812

Debtors: amounts falling due within one year
 5 
5,796
7,796

Cash at bank and in hand
 6 
11,092
24,968

  
42,748
64,576

Creditors: amounts falling due within one year
 7 
(22,349)
(11,332)

Net current assets
  
 
 
20,399
 
 
53,244

Total assets less current liabilities
  
27,875
59,128

Provisions for liabilities
  

Deferred tax
  
(1,152)
(1,118)

  
 
 
(1,152)
 
 
(1,118)

Net assets
  
26,723
58,010


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
26,721
58,008

  
26,723
58,010


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 year 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 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
DRURYLANEPROPERTY INVESTMENTS LTD
REGISTERED NUMBER: 13175066
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


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




Thomas Atkinson
Shona Atkinson
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DRURYLANEPROPERTY INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Drury Lane Property Investments Limited is a private company limited by shares, registered in the United Kingdom number 13175066. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP. 

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

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.

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

Interest income

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

Page 3

 
DRURYLANEPROPERTY INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Reducing Balance
Office equipment
-
20%
Reducing Balance

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.

Page 4

 
DRURYLANEPROPERTY INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
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 2 (2023 - 2).

Page 5

 
DRURYLANEPROPERTY INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
4,979
1,667
6,646


Additions
424
2,615
3,039



At 31 March 2024

5,403
4,282
9,685



Depreciation


At 1 April 2023
601
162
763


Charge for the year on owned assets
958
488
1,446



At 31 March 2024

1,559
650
2,209



Net book value



At 31 March 2024
3,844
3,632
7,476



At 31 March 2023
4,379
1,505
5,884


5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
25,860
31,812

25,860
31,812


2024
2023
£
£

Due within one year

Other debtors
5,796
7,796

5,796
7,796


Page 6

 
DRURYLANEPROPERTY INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,092
24,968

11,092
24,968



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
206
790

Corporation tax
8,116
7,752

Other taxation and social security
5,359
691

Other creditors
6,720
-

Accruals and deferred income
1,948
2,099

22,349
11,332



8.


Deferred taxation




2024


£






At beginning of year
(1,118)


Charged to profit or loss
(34)



At end of year
(1,152)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,152)
(1,118)

(1,152)
(1,118)


9.


Share capital

2024
2023
Page 7

 
DRURYLANEPROPERTY INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.Share capital (continued)

£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


 
Page 8