Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3172023-04-01falseNo description of principal activity7falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00545481 2023-04-01 2024-03-31 00545481 2022-04-01 2023-03-31 00545481 2024-03-31 00545481 2023-03-31 00545481 c:Director3 2023-04-01 2024-03-31 00545481 c:Director4 2023-04-01 2024-03-31 00545481 d:PlantMachinery 2023-04-01 2024-03-31 00545481 d:PlantMachinery 2024-03-31 00545481 d:PlantMachinery 2023-03-31 00545481 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00545481 d:LeaseholdInvestmentProperty 2024-03-31 00545481 d:LeaseholdInvestmentProperty 2023-03-31 00545481 d:CurrentFinancialInstruments 2024-03-31 00545481 d:CurrentFinancialInstruments 2023-03-31 00545481 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00545481 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00545481 d:ShareCapital 2024-03-31 00545481 d:ShareCapital 2023-03-31 00545481 d:SharePremium 2024-03-31 00545481 d:SharePremium 2023-03-31 00545481 d:OtherMiscellaneousReserve 2024-03-31 00545481 d:OtherMiscellaneousReserve 2023-03-31 00545481 d:RetainedEarningsAccumulatedLosses 2024-03-31 00545481 d:RetainedEarningsAccumulatedLosses 2023-03-31 00545481 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00545481 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00545481 d:OtherDeferredTax 2024-03-31 00545481 d:OtherDeferredTax 2023-03-31 00545481 c:FRS102 2023-04-01 2024-03-31 00545481 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00545481 c:FullAccounts 2023-04-01 2024-03-31 00545481 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00545481 2 2023-04-01 2024-03-31 00545481 6 2023-04-01 2024-03-31 00545481 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 00545481







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


DARE WARWICK (PROPERTIES) LIMITED






































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DARE WARWICK (PROPERTIES) LIMITED
REGISTERED NUMBER:00545481



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
362
482

Investments
 5 
4,322,283
4,088,117

Investment property
 6 
28,209,575
28,209,575

  
32,532,220
32,298,174

Current assets
  

Debtors: amounts falling due within one year
 7 
22,802
15,977

Cash at bank and in hand
  
292,024
257,908

  
314,826
273,885

Creditors: amounts falling due within one year
 8 
(947,145)
(904,853)

Net current liabilities
  
 
 
(632,319)
 
 
(630,968)

Total assets less current liabilities
  
31,899,901
31,667,206

Provisions for liabilities
  

Deferred tax
  
(5,705,812)
(4,258,770)

  
 
 
(5,705,812)
 
 
(4,258,770)

Net assets
  
26,194,089
27,408,436


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Share premium account
  
938
938

Other reserves
  
21,270,213
21,270,213

Profit and loss account
  
4,912,938
6,127,285

  
26,194,089
27,408,436


Page 1

 


DARE WARWICK (PROPERTIES) LIMITED
REGISTERED NUMBER:00545481


    
STATEMENT OF FINANCIAL POSITION (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 12 November 2024.

L G Peirce
S Rose
Director
Director

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

Page 2

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Dare Warwick (Properties) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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

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.

 
2.3

Interest income

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

 
2.4

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 reporting 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 reporting 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 reporting date.

Page 3

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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:

Plant and machinery
-
25%

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.

 
2.6

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.

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

 
2.9

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 7 (2023 - 7).

Page 4

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
129,217



At 31 March 2024

129,217



Depreciation


At 1 April 2023
128,735


Charge for the year on owned assets
120



At 31 March 2024

128,855



Net book value



At 31 March 2024
362



At 31 March 2023
482


5.


Fixed asset investments





Listed investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 April 2023
4,049,717
38,400
4,088,117


Additions
82,881
-
82,881


Disposals
(231,810)
(600)
(232,410)


Revaluations
383,695
-
383,695



At 31 March 2024
4,284,483
37,800
4,322,283




Page 5

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2023
28,209,575



At 31 March 2024
28,209,575

Investment Property was valued by Lambert Smith Hampton on open market value as at 31st March 2020.
The development land was valued by Lambert Smith Hampton on 31st March 2014 and the Directors are of the opinion that this valuation remains unchanged.







7.


Debtors

2024
2023
£
£


Trade debtors
19,100
10,150

Other debtors
461
461

Prepayments and accrued income
3,241
5,366

22,802
15,977



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,012
13,027

Corporation tax
87,931
73,677

Other taxation and social security
15,088
16,229

Other creditors
775,856
768,325

Accruals and deferred income
59,258
33,595

947,145
904,853


Page 6

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024


£






At beginning of year
(4,258,770)


Charged to profit or loss
(1,447,042)



At end of year
(5,705,812)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(91)
-

Capital gains on investments
(5,705,721)
(4,258,770)

(5,705,812)
(4,258,770)


10.


Related party transactions

Included in other fixed assets are loans to directors in the ordinary course of business amounting to £37,800 (2022: £38,400), interest has been charged at proper commercial rates. 
An advance has been made to a director 'jointly with others'.

 
Page 7