Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13562349 2023-03-01 2024-02-29 13562349 2022-09-01 2023-02-28 13562349 2024-02-29 13562349 2023-02-28 13562349 c:Director1 2023-03-01 2024-02-29 13562349 d:CurrentFinancialInstruments 2024-02-29 13562349 d:CurrentFinancialInstruments 2023-02-28 13562349 d:Non-currentFinancialInstruments 2024-02-29 13562349 d:Non-currentFinancialInstruments 2023-02-28 13562349 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13562349 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13562349 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 13562349 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13562349 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 13562349 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 13562349 d:ShareCapital 2024-02-29 13562349 d:ShareCapital 2023-02-28 13562349 d:SharePremium 2024-02-29 13562349 d:SharePremium 2023-02-28 13562349 d:RetainedEarningsAccumulatedLosses 2024-02-29 13562349 d:RetainedEarningsAccumulatedLosses 2023-02-28 13562349 c:OrdinaryShareClass1 2023-03-01 2024-02-29 13562349 c:OrdinaryShareClass1 2024-02-29 13562349 c:OrdinaryShareClass1 2023-02-28 13562349 c:OrdinaryShareClass2 2023-03-01 2024-02-29 13562349 c:OrdinaryShareClass2 2024-02-29 13562349 c:OrdinaryShareClass2 2023-02-28 13562349 c:FRS102 2023-03-01 2024-02-29 13562349 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13562349 c:FullAccounts 2023-03-01 2024-02-29 13562349 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13562349 6 2023-03-01 2024-02-29 13562349 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13562349









DADS ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
DADS ESTATES LIMITED
REGISTERED NUMBER: 13562349

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,708,412
2,708,412

  
2,708,412
2,708,412

Current assets
  

Debtors: amounts falling due within one year
 5 
224,028
204,311

Cash at bank and in hand
 6 
253
15,033

  
224,281
219,344

Creditors: amounts falling due within one year
 7 
(123,253)
(113,851)

Net current assets
  
 
 
101,028
 
 
105,493

Total assets less current liabilities
  
2,809,440
2,813,905

Creditors: amounts falling due after more than one year
 8 
(2,800,000)
(2,800,000)

  

Net assets
  
9,440
13,905


Capital and reserves
  

Called up share capital 
 10 
100
100

Share premium account
  
33
33

Profit and loss account
  
9,307
13,772

  
9,440
13,905


Page 1

 
DADS ESTATES LIMITED
REGISTERED NUMBER: 13562349
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

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 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 14 November 2024.




D Sharman
Director

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

Page 2

 
DADS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

DADS Estates Limited is a private company limited by shares and is incorporated in England. The address of the registered office is 5 Mayfield Gardens, Hendon, London, United Kingdom, NW4 2PY.

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

Exemption from preparing consolidated financial statements

The company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Borrowing costs

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

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

  
2.8

Financial instruments

The company only enters into basic financial instrument 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 from related parties and investments in ordinary shares.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable.

Page 3

 
DADS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees




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


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost 


At 1 March 2023
2,708,412



At 29 February 2024
2,708,412





5.


Debtors

29 February
28 February
2024
2023
£
£


Amounts owed by group undertakings
184,200
150,000

Prepayments and accrued income
39,828
54,311

224,028
204,311



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
253
15,033

253
15,033


Page 4

 
DADS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
4,707
-

Amounts owed to group undertakings
115,546
110,851

Accruals and deferred income
3,000
3,000

123,253
113,851



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
2,800,000
2,800,000

2,800,000
2,800,000


The bank loans are secured by a fixed and floating charge over the group's investment properties and all other assets. A limited personal guarantee has also been provided by the company's director in respect of the bank loans.


9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
2,800,000
2,800,000

2,800,000
2,800,000


Page 5

 
DADS ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



996 (2023 - 996) Ordinary shares of £0.10 each
100
100
3 (2023 - 3) A Ordinary Shares shares of £0.10 each
-
-

100

100

All shares rank pari passu except that the holders of each share class are entitled to receive dividend payments of different amounts on each class of share or a dividend payable on one class of share to the exclusion of the other class, Ordinary A shares hold no voting rights and Ordinary A shares receive no surplus on the distribution of assets in the event of liquidation.



11.


Related party transactions

The Company has taken advantage of the exemptions provided by "Financial Reporting Standard 102" not to disclose transactions with the entities wholly owned within the group.
The Company has not entered into any material transactions with related parties that have not been conducted under normal market conditions.

 
Page 6