Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312023-09-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity45falsefalse 00634755 2023-09-01 2024-08-31 00634755 2022-09-01 2023-08-31 00634755 2024-08-31 00634755 2023-08-31 00634755 c:Director1 2023-09-01 2024-08-31 00634755 d:PlantMachinery 2023-09-01 2024-08-31 00634755 d:PlantMachinery 2024-08-31 00634755 d:PlantMachinery 2023-08-31 00634755 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00634755 d:ComputerEquipment 2023-09-01 2024-08-31 00634755 d:ComputerEquipment 2024-08-31 00634755 d:ComputerEquipment 2023-08-31 00634755 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00634755 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00634755 d:FreeholdInvestmentProperty 2024-08-31 00634755 d:FreeholdInvestmentProperty 2023-08-31 00634755 d:CurrentFinancialInstruments 2024-08-31 00634755 d:CurrentFinancialInstruments 2023-08-31 00634755 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 00634755 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 00634755 d:ShareCapital 2024-08-31 00634755 d:ShareCapital 2023-08-31 00634755 d:RevaluationReserve 2024-08-31 00634755 d:RevaluationReserve 2023-08-31 00634755 d:RetainedEarningsAccumulatedLosses 2024-08-31 00634755 d:RetainedEarningsAccumulatedLosses 2023-08-31 00634755 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 00634755 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 00634755 c:OrdinaryShareClass1 2023-09-01 2024-08-31 00634755 c:OrdinaryShareClass1 2024-08-31 00634755 c:OrdinaryShareClass1 2023-08-31 00634755 c:OrdinaryShareClass2 2023-09-01 2024-08-31 00634755 c:OrdinaryShareClass2 2024-08-31 00634755 c:OrdinaryShareClass2 2023-08-31 00634755 c:FRS102 2023-09-01 2024-08-31 00634755 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 00634755 c:FullAccounts 2023-09-01 2024-08-31 00634755 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 00634755 2 2023-09-01 2024-08-31 00634755 5 2023-09-01 2024-08-31 00634755 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00634755









DAWSON & KING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
DAWSON & KING LIMITED
REGISTERED NUMBER: 00634755

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,240
426

Investment property
 5 
7,700,000
7,700,000

  
7,711,240
7,700,426

Current assets
  

Debtors: amounts falling due within one year
 6 
174,515
72,908

Cash at bank and in hand
 7 
301,638
337,191

  
476,153
410,099

Creditors: amounts falling due within one year
 8 
(513,555)
(324,344)

Net current (liabilities)/assets
  
 
 
(37,402)
 
 
85,755

Total assets less current liabilities
  
7,673,838
7,786,181

Provisions for liabilities
  

Deferred tax
  
(1,303,856)
(1,303,856)

  
 
 
(1,303,856)
 
 
(1,303,856)

Net assets
  
6,369,982
6,482,325


Capital and reserves
  

Called up share capital 
 10 
2,396
2,396

Revaluation reserve
  
5,658,699
5,658,699

Profit and loss account
  
708,887
821,230

  
6,369,982
6,482,325


Page 1

 
DAWSON & KING LIMITED
REGISTERED NUMBER: 00634755
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 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 on 24 February 2025.




M S Thorley
Director

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

Page 2

 
DAWSON & KING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Dawson & King Limited is a private company, limited by shares, registered in England and Wales, with registration number 00634755. The registered office address  is 122 Wigmore Street, London, W1U 3RX . 

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. The following criteria must also be met before revenue is recognised:

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.

 
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.

Page 3

 
DAWSON & KING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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 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.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Computer equipment
-
33%

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

 
DAWSON & KING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Investment property

Investment property are shown at their most recent valuation. Company policy is to formally revalue the investment properties to fair value every 3 years using independent, professional valuers, unless such impairment indicators require an earlier revaluation. In all other years, the director uses their experience and judgment to measure fair value. Changes in fair value are recognised in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
DAWSON & KING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.13

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

2024
£

Wages and salaries
417

417


The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
26,563
1,976
28,539


Additions
12,414
-
12,414



At 31 August 2024

38,977
1,976
40,953



Depreciation


At 1 September 2023
26,227
1,886
28,113


Charge for the year on owned assets
1,510
90
1,600



At 31 August 2024

27,737
1,976
29,713



Net book value



At 31 August 2024
11,240
-
11,240



At 31 August 2023
336
90
426

Page 6

 
DAWSON & KING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
7,700,000



At 31 August 2024
7,700,000

The 2024 valuations were made by Lambert Smith Hampton, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
737,365
737,365


6.


Debtors

2024
2023
£
£


Trade debtors
152,961
44,191

Other debtors
787
22,905

Prepayments and accrued income
20,767
5,812

174,515
72,908



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
301,638
337,191

301,638
337,191


Page 7

 
DAWSON & KING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
18,857
1,150

Corporation tax
89,653
89,654

Other taxation and social security
16,138
-

Other creditors
375,699
197,845

Accruals and deferred income
13,208
35,695

513,555
324,344



9.


Deferred taxation




2024


£






At beginning of year
(1,303,856)



At end of year
(1,303,856)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,303,856)
(1,303,856)

(1,303,856)
(1,303,856)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,141 (2023 - 2,141) Ordinary shares of £1.00 each
2,141
2,141
255 (2023 - 255) 3.5% Preference Share shares of £1.00 each
255
255

2,396

2,396


 
Page 8