Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1false2023-01-01falseNo description of principal activity1truetrue 08860352 2023-01-01 2023-12-31 08860352 2022-01-01 2022-12-31 08860352 2023-12-31 08860352 2022-12-31 08860352 c:Director1 2023-01-01 2023-12-31 08860352 d:OfficeEquipment 2023-01-01 2023-12-31 08860352 d:OfficeEquipment 2023-12-31 08860352 d:OfficeEquipment 2022-12-31 08860352 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08860352 d:ComputerEquipment 2023-12-31 08860352 d:ComputerEquipment 2022-12-31 08860352 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08860352 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08860352 d:CurrentFinancialInstruments 2023-12-31 08860352 d:CurrentFinancialInstruments 2022-12-31 08860352 d:Non-currentFinancialInstruments 2023-12-31 08860352 d:Non-currentFinancialInstruments 2022-12-31 08860352 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08860352 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08860352 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08860352 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08860352 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 08860352 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 08860352 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 08860352 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 08860352 d:ShareCapital 2023-12-31 08860352 d:ShareCapital 2022-12-31 08860352 d:RetainedEarningsAccumulatedLosses 2023-12-31 08860352 d:RetainedEarningsAccumulatedLosses 2022-12-31 08860352 c:FRS102 2023-01-01 2023-12-31 08860352 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08860352 c:FullAccounts 2023-01-01 2023-12-31 08860352 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08860352 2 2023-01-01 2023-12-31 08860352 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08860352









DK INVESTMENT ONE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DK INVESTMENT ONE LIMITED
REGISTERED NUMBER: 08860352

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,800
4,400

  
2,800
4,400

Current assets
  

Debtors: amounts falling due within one year
 5 
102,300
1,108,500

Cash at bank and in hand
 6 
67,504
11,067

  
169,804
1,119,567

Creditors: amounts falling due within one year
 7 
(268,116)
(1,105,897)

Net current (liabilities)/assets
  
 
 
(98,312)
 
 
13,670

Total assets less current liabilities
  
(95,512)
18,070

Creditors: amounts falling due after more than one year
 8 
(16,472)
(98,880)

  

Net liabilities
  
(111,984)
(80,810)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(112,084)
(80,910)

  
(111,984)
(80,810)


Page 1

 
DK INVESTMENT ONE LIMITED
REGISTERED NUMBER: 08860352
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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: 


D L Kreeger
Director

Date: 3 March 2025

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

Page 2

 
DK INVESTMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

DK Investment One Limited is a private company limited by shares, incorporated in England & Wales (Registered number 08860352). The registered office of the company is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

Going concern

In assessing the ability of the company to operate as a going concern, the director has evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the director has obtained assurances from the shareholder to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

 
2.4

Interest income

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

Page 3

 
DK INVESTMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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:

Office equipment
-
33%
Straight Line

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 4

 
DK INVESTMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
5,445
2,602
8,047



At 31 December 2023

5,445
2,602
8,047



Depreciation


At 1 January 2023
1,045
2,602
3,647


Charge for the year on owned assets
1,600
-
1,600



At 31 December 2023

2,645
2,602
5,247



Net book value



At 31 December 2023
2,800
-
2,800



At 31 December 2022
4,400
-
4,400


5.


Debtors

2023
2022
£
£


Other debtors
102,300
1,108,500

102,300
1,108,500


Page 5

 
DK INVESTMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
67,504
11,067

67,504
11,067



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,119
11,515

Trade creditors
-
285

Other creditors
253,189
1,089,289

Accruals and deferred income
4,808
4,808

268,116
1,105,897



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
16,472
24,947

Other creditors
-
73,933

16,472
98,880


Page 6

 
DK INVESTMENT ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,119
11,515


10,119
11,515

Amounts falling due 1-2 years

Bank loans
11,187
10,140


11,187
10,140

Amounts falling due 2-5 years

Bank loans
5,285
14,806


5,285
14,806


26,591
36,461



10.


Related party transactions

Included within other creditors is £231,692 (2022: £937,472) due to the director.

 
Page 7