Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11967812 2023-04-01 2024-03-31 11967812 2022-04-01 2023-03-31 11967812 2024-03-31 11967812 2023-03-31 11967812 c:Director1 2023-04-01 2024-03-31 11967812 d:Buildings 2023-04-01 2024-03-31 11967812 d:Buildings 2024-03-31 11967812 d:Buildings 2023-03-31 11967812 d:CurrentFinancialInstruments 2024-03-31 11967812 d:CurrentFinancialInstruments 2023-03-31 11967812 d:Non-currentFinancialInstruments 2024-03-31 11967812 d:Non-currentFinancialInstruments 2023-03-31 11967812 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11967812 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11967812 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11967812 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11967812 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11967812 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11967812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11967812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11967812 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 11967812 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11967812 d:ShareCapital 2024-03-31 11967812 d:ShareCapital 2023-03-31 11967812 d:RetainedEarningsAccumulatedLosses 2024-03-31 11967812 d:RetainedEarningsAccumulatedLosses 2023-03-31 11967812 c:FRS102 2023-04-01 2024-03-31 11967812 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11967812 c:FullAccounts 2023-04-01 2024-03-31 11967812 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11967812 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11967812









DRURY LANE PROPERTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DRURY LANE PROPERTY LIMITED
REGISTERED NUMBER: 11967812

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
515,582
-

  
515,582
-

Current assets
  

Debtors: amounts falling due after more than one year
  
180
50,873

Cash at bank and in hand
 6 
11,046
81,335

  
11,226
132,208

Creditors: amounts falling due within one year
 7 
(320,081)
(181,468)

Net current liabilities
  
 
 
(308,855)
 
 
(49,260)

Total assets less current liabilities
  
206,727
(49,260)

Creditors: amounts falling due after more than one year
 8 
(322,873)
(16,115)

  

Net liabilities
  
(116,146)
(65,375)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(116,148)
(65,377)

  
(116,146)
(65,375)


Page 1

 
DRURY LANE PROPERTY LIMITED
REGISTERED NUMBER: 11967812
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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.

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




Thomas Atkinson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DRURY LANE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Drury Lane Property Limited is a private company limited by shares, registered in the United Kingdom number 11967812. 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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.3

Interest income

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

 
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

Borrowing costs

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

 
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.

Page 3

 
DRURY LANE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:


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.

 
2.7

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. 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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
DRURY LANE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


Additions
515,582



At 31 March 2024

515,582






Net book value



At 31 March 2024
515,582



At 31 March 2023
-


5.


Debtors


Due after more than one year

Other debtors
180
50,873

180
50,873



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,046
81,335

11,046
81,335


Page 5

 
DRURY LANE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,949
3,338

Trade creditors
-
1,440

Other creditors
267,812
175,488

Accruals and deferred income
1,320
1,202

320,081
181,468


The following liabilities were secured:




Details of security provided:

Secured against the Investment Property


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
322,873
16,115

322,873
16,115


Page 6

 
DRURY LANE PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,949
3,338


50,949
3,338

Amounts falling due 1-2 years

Bank loans
2,644
3,338


2,644
3,338

Amounts falling due 2-5 years

Bank loans
11,521
12,777


11,521
12,777

Amounts falling due after more than 5 years

Bank loans
308,708
-

308,708
-

373,822
19,453


 
Page 7