Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-282023-03-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseDevelopment of building projects11true 13932654 2023-03-01 2024-02-28 13932654 2022-02-22 2023-02-28 13932654 2024-02-28 13932654 2023-02-28 13932654 c:Director1 2023-03-01 2024-02-28 13932654 d:CurrentFinancialInstruments 2024-02-28 13932654 d:CurrentFinancialInstruments 2023-02-28 13932654 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 13932654 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13932654 d:ShareCapital 2024-02-28 13932654 d:ShareCapital 2023-02-28 13932654 d:RetainedEarningsAccumulatedLosses 2024-02-28 13932654 d:RetainedEarningsAccumulatedLosses 2023-02-28 13932654 c:OrdinaryShareClass1 2023-03-01 2024-02-28 13932654 c:OrdinaryShareClass1 2024-02-28 13932654 c:OrdinaryShareClass1 2023-02-28 13932654 c:FRS102 2023-03-01 2024-02-28 13932654 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13932654 c:FullAccounts 2023-03-01 2024-02-28 13932654 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13932654 e:PoundSterling 2023-03-01 2024-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13932654









EAST DULWICH HOMES LTD







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2024

 
EAST DULWICH HOMES LTD
REGISTERED NUMBER: 13932654

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
2023
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
2,000
20,411

Cash at bank and in hand
  
2,073
26,317

  
4,073
46,728

Creditors: amounts falling due within one year
 5 
(941,531)
(964,317)

Net current liabilities
  
 
 
(937,458)
 
 
(917,589)

Total assets less current liabilities
  
(937,458)
(917,589)

Net liabilities
  
(937,458)
(917,589)


Capital and reserves
  

Called up share capital 
 6 
2
1

Profit and loss account
  
(937,460)
(917,590)

  
(937,458)
(917,589)


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 comprehensive income 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 by: 


Nick Mason
Director

Date: 27 November 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
EAST DULWICH HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

East Dulwich Homes Ltd is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered office is Manderley, South Park, South Godstone, Surrey, RH9 8LF, United Kingdom. The company's registered number is 13932654.
The principal activity of the company during the year was to seek potential building development projects. 
The company's functional and presentational currency is pound sterling, rounded to the nearest £1.

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

Going concern

Despite net current liabilities and net liabilities of £937,458 (2023: £917,589) at the reporting date, the financial statements have been prepared on a going concern basis. The shareholders are actively seeking further development opportunities and also confirm their intention to provide financial support for a period of at least 12 months from signing the financial statements. 
Based on these assessments and having regard to the resources available to the entity, the Director has concluded that there is no material uncertainty and that the going concern basis can continue to be adopted in the preparation of the annual accounts. 

 
2.3

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.

 
2.4

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.

 
2.5

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.

Page 2

 
EAST DULWICH HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Page 3

 
EAST DULWICH HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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.

Page 4

 
EAST DULWICH HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

3.


Employees

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


4.


Debtors

2024
2023
£
£

Other debtors
2,000
20,411



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
935,954
471,477

Other creditors
64
471,542

Accruals and deferred income
5,513
21,298

941,531
964,317


Amounts owed to group undertakings and other creditors are interest free and repayable on demand. 


6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 1) Ordinary  shares of £1.00 each
2
1


During the year, 1 ordinary share of £1 was issued. 

 
Page 5