Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31true0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.02023-09-01No description of principal activitytrue 07741550 2023-09-01 2024-08-31 07741550 2022-09-01 2023-08-31 07741550 2024-08-31 07741550 2023-08-31 07741550 c:Director1 2023-09-01 2024-08-31 07741550 d:CurrentFinancialInstruments 2024-08-31 07741550 d:CurrentFinancialInstruments 2023-08-31 07741550 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 07741550 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07741550 d:ShareCapital 2024-08-31 07741550 d:ShareCapital 2023-08-31 07741550 d:RetainedEarningsAccumulatedLosses 2024-08-31 07741550 d:RetainedEarningsAccumulatedLosses 2023-08-31 07741550 c:FRS102 2023-09-01 2024-08-31 07741550 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07741550 c:FullAccounts 2023-09-01 2024-08-31 07741550 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07741550 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 07741550









DANELO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
DANELO LIMITED
REGISTERED NUMBER: 07741550

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 6 
1
1

  
1
1

Creditors: amounts falling due within one year
 7 
(274,020)
(276,511)

Net current liabilities
  
 
 
(274,019)
 
 
(276,510)

  

Net liabilities
  
(274,019)
(276,510)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(274,020)
(276,511)

  
(274,019)
(276,510)


Page 1

 
DANELO LIMITED
REGISTERED NUMBER: 07741550
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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: 



Gary Hilton Sacks
Director

Date: 17 March 2025

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

Page 2

 
DANELO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Danelo Limited (the "Company") is a private company limited by share capital, incorporated under the UK Companies Act 2006 and domiciled in England. The address of the Company's registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements of the Company 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 UK Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
Details of those estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.2

Functional and presentational currency

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the Company and the currency in which the financial statements are presented (the "presentational currency") is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

 
2.3

Going concern

At the balance sheet date, the Company held net liabilities of £274,019 and is dependent on the continued financial support provided by City & Docklands Management Limited to its primary creditor (note 7).
City & Docklands Management Limited is a company under common control, incorporated under the UK Companies Act 1985 and whose registered office is located at Regina House, 124 Finchley Road, London, NW3 5JS.
The director of the Company is of the opinion that there is a reasonable expectation that the Company will have available at its disposal adequate resources to continue in operational existence for the foreseeable future.
The aforementioned opinion is made having received confirmation from the directors of City & Docklands Management Limited of their intention to ensure ongoing financial support is made available to the Company's primary creditor and to not seek immediate repayment of amounts owed by the Company's primary creditor for a minimum period of twelve months from the date these financial statements were approved.
 
Page 3

 
DANELO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.3
Going concern (continued)

While there will always remain inherent uncertainty, the director of the Company has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern and therefore considers it appropriate to continue adopting the going concern basis in preparing these financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.

  
2.4

Taxation

The tax expense for the financial reporting period comprises solely of current (i.e. corporation) tax and is recognised in profit or loss.
Current taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date in the UK where the Company operates and generates taxable income. The director periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and will establish provisions, where appropriate, on the basis of amounts expected to be payable to the respective tax authorities.

  
2.5

Fixed asset investments

Fixed asset investments comprise of investments in limited liability partnerships.
A limited liability partnership ("LLP") is a joint arrangement where the Company and one or more other parties undertake an economic activity as partners via a separate corporate vehicle in which some or all partners (depending on the jurisdiction) have limited liabilities.
The Company accounts for its interests in an LLP using the equity method. Under this method, the Company recognises its investment in the LLP at cost and subsequently adjusts this for its share of profits or losses, recognised in profit or loss within non-operating items, and accumulated provision for impairment.
If the Company's share of losses in the LLP equals or exceeds its investment in the LLP, the Company does not recognise further losses unless it has incurred obligations to do so or made payments on behalf of the LLP.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised in the balance sheet upon becoming party to the contractual provisions of the instrument. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.
 
Page 4

 
DANELO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

The measurement of specific financial assets, financial liabilities and equity is as outlined below:
Creditors
Creditors, including creditors payable no later than 12 months from the date of demand, are initially measured, and subsequently held, at transaction price (i.e fair value). 
Cash and cash equivalents
Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand.
Equity
Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issuing of said shares deducted from said share premium account.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the director is required to apply judgment and make estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other available sources based on historical experience and other factors that are considered to be relevant. Consequently, actual results may differ from that originally estimated.
In the opinion of the director, there were no judgments, estimates and/or assumptions made in applying the principal accounting policies, outlined in note 2 of these financial statements, towards the preparation of these financial statements that may be considered as having a significant risk of causing a material adjustment to the carrying amount of assets and/or liabilities carried forward as at the balance sheet date where by which the actual future outcome observed may differ from that originally determined and reported. 


4.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


5.


Debtors

Deferred tax assets of approximately £2,500 (2023: £2,500) in respect of trading losses incurred in the United Kingdom have not been recognised by the Company as part of these financial statements on the grounds that there is insufficient certainty as to whether the Company will generate adequate trading profits in the United Kingdom against which said deferred tax assets may be offset.

Page 5

 
DANELO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1
1



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts payable to investment undertakings
273,436
275,927

Corporation tax
584
584

274,020
276,511



8.


Financial instruments

The Company held no financial instruments that would require specific disclosure under sections 1.12, 11 or 12 of Financial Reporting Standard 102 and paragraph 36 of Schedule 1 to the Companies Act 2006.


9.


Related party transactions

At the balance sheet date, amounts payable to limited liability partnership investment undertakings under common control comprised of £269,598 (2023: £272,673) in respect of the Company's share of net liabilities payable in the partnership and £3,838 (2023: £3,254) in respect of loan accounts. Amounts owed towards loan accounts are unsecured, interest-free and repayable on demand with no fixed date of repayment.
There were no further related party transactions and/or period end balances to report in accordance with the UK Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.

 
Page 6