Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30822023-07-01falseNo description of principal activity77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05668366 2023-07-01 2024-06-30 05668366 2022-07-01 2023-06-30 05668366 2024-06-30 05668366 2023-06-30 05668366 c:Director2 2023-07-01 2024-06-30 05668366 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 05668366 d:Buildings d:LongLeaseholdAssets 2024-06-30 05668366 d:Buildings d:LongLeaseholdAssets 2023-06-30 05668366 d:MotorVehicles 2023-07-01 2024-06-30 05668366 d:MotorVehicles 2024-06-30 05668366 d:MotorVehicles 2023-06-30 05668366 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05668366 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 05668366 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 05668366 d:FurnitureFittings 2023-07-01 2024-06-30 05668366 d:FurnitureFittings 2024-06-30 05668366 d:FurnitureFittings 2023-06-30 05668366 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05668366 d:OfficeEquipment 2023-07-01 2024-06-30 05668366 d:OfficeEquipment 2024-06-30 05668366 d:OfficeEquipment 2023-06-30 05668366 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05668366 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05668366 d:CurrentFinancialInstruments 2024-06-30 05668366 d:CurrentFinancialInstruments 2023-06-30 05668366 d:Non-currentFinancialInstruments 2024-06-30 05668366 d:Non-currentFinancialInstruments 2023-06-30 05668366 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05668366 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05668366 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 05668366 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05668366 d:ShareCapital 2024-06-30 05668366 d:ShareCapital 2023-06-30 05668366 d:RetainedEarningsAccumulatedLosses 2024-06-30 05668366 d:RetainedEarningsAccumulatedLosses 2023-06-30 05668366 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05668366 c:OrdinaryShareClass1 2024-06-30 05668366 c:FRS102 2023-07-01 2024-06-30 05668366 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05668366 c:FullAccounts 2023-07-01 2024-06-30 05668366 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05668366 d:WithinOneYear 2024-06-30 05668366 d:WithinOneYear 2023-06-30 05668366 d:BetweenOneFiveYears 2024-06-30 05668366 d:BetweenOneFiveYears 2023-06-30 05668366 d:MoreThanFiveYears 2024-06-30 05668366 d:MoreThanFiveYears 2023-06-30 05668366 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05668366


 

DUSK TILL DAWN LTD
 
UNAUDITED
 
ANNUAL REPORT
 
FOR THE YEAR ENDED 30 JUNE 2024

 
DUSK TILL DAWN LTD
REGISTERED NUMBER: 05668366

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
192,477
182,662

Current assets
  

Stocks
 4 
9,251
12,446

Debtors: amounts falling due within one year
 5 
354,071
338,421

Cash at bank and in hand
  
441,799
285,072

  
805,121
635,939

Creditors: amounts falling due within one year
 6 
(1,068,705)
(1,106,093)

Net current liabilities
  
 
 
(263,584)
 
 
(470,154)

Total assets less current liabilities
  
(71,107)
(287,492)

Creditors: amounts falling due after more than one year
 7 
(2,391,970)
(2,186,404)

Net liabilities
  
(2,463,077)
(2,473,896)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(2,463,177)
(2,473,996)

  
(2,463,077)
(2,473,896)


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 profit and loss account 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: 



N S Whiten
Director

Date: 14 March 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 1

 
DUSK TILL DAWN LTD
REGISTERED NUMBER: 05668366

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
DUSK TILL DAWN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

Dusk Till Dawn Ltd (''the company'') is a limited liability company, limited by shares, incorporated and domiciled in the United Kingdom. The address of its registered office is Redfield Way, Boulevard Retail Park, Lenton, Nottingham, NG7 2UW.
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 June 2024 (2023: 18 month period ended 30 June 2023).

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:

 
1.2

Going concern

The financial statements have been prepared under the historical cost convention, in accordance with applicable accounting standards and on a going concern basis. The company made a net profit of £10,819 (18 month period ended 30 June 2023: £183,706) during the year ended 30 June 2024, at that date it had net liabilities and a deficit on shareholders funds of £2,463,077 (18 month period ended 30 June 2023: £2,473,896).
The company has received confirmation of continuing financial support from the ultimate controlling party, which confirms that it will provide sufficient funds for the company to meet its financial obligations for a period of at least twelve months from the date of these financial statements.
On that basis, the directors have prepared these financial statements on a going concern basis.

  
1.3

Turnover

Turnover is the revenue arising from the sale of goods and services. It is stated at the fair value of the consideration received or receivable from customers, net of value added tax and other sales related taxes, rebates, discounts and company contributions to guaranteed prize funds. 
Revenue from the casino business reflects the net income earned from poker games completed by the period end. Revenue from gaming machines represents the gross takings receivable in respect of bets placed net of payouts. Other revenue arising from the operation of the casino represents sale of of food and drink. 

 
1.4

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

Page 3

 
DUSK TILL DAWN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies (continued)

 
1.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
1.6

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.
Repairs and maintenance are charged to the profit and loss account during the period in which they are incurred.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Long-term leasehold property
-
over the lease term (maximum 20 years)
Motor vehicles
-
20%
Fixtures and fittings
-
20%
Office 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 the profit and loss account. 

Page 4

 
DUSK TILL DAWN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies (continued)

 
1.7

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in the profit and loss account within 'other operating income'.

 
1.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the valuation of stock at average cost.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

 
1.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors and loans from related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets' carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.


2.


Employees

The average monthly number of employees, including directors, during the year was 82 (2023: 77).

Page 5

 
DUSK TILL DAWN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Tangible fixed assets





Leasehold improvements
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 July 2023
1,157,074
51,187
826,640
133,903
2,168,804


Additions
25,260
-
28,734
1,647
55,641



At 30 June 2024

1,182,334
51,187
855,374
135,550
2,224,445



Depreciation


At 1 July 2023
1,097,757
44,362
712,992
131,031
1,986,142


Charge for the year on owned assets
5,669
6,825
31,777
1,555
45,826



At 30 June 2024

1,103,426
51,187
744,769
132,586
2,031,968



Net book value



At 30 June 2024
78,908
-
110,605
2,964
192,477



At 30 June 2023
59,317
6,825
113,648
2,872
182,662

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
-
6,825


4.


Stocks

2024
2023
£
£

Consumables
9,251
12,446


The difference between purchase price or production cost of stocks and their replacement cost is not
material.

Page 6

 
DUSK TILL DAWN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£

Trade debtors
-
11,891

Other debtors
20,851
100

Prepayments and accrued income
333,220
326,430

354,071
338,421



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
266,843
268,916

Other creditors
364,372
510,737

Accruals and deferred income
437,490
326,440

1,068,705
1,106,093



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
2,391,970
2,186,404


All amounts owed to group undertakings are unsecured, interest free and have no fixed date of repayment.


8.


Share capital

2024
2023
£
£
Authorised, allotted and called up 



100 Ordinary shares of £1 each
100
100



9.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £21,841 for the year ended 30 June 2024 (18 month period ended 30 June 2023: £27,598). Contributions totalling £4,057 (30 June 2023: £5,523) were payable to the fund at the balance sheet date.

Page 7

 
DUSK TILL DAWN LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Commitments under operating leases

At 30 June 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
286,014
304,396

Later than 1 year and not later than 5 years
1,245,950
1,522,617

Later than 5 years
2,801,067
2,801,067

4,333,031
4,628,080


11.


Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 section 33 'Related Party Disclosures' not to disclose transactions with companies within the group of which it is a member, where these transactions occur between entities which are 100% owned members of that group.
During the year ended 30 June 2024, the company was charged a management recharge of £300,000 (18 month period ended 30 June 2023: £416,060) by, and charged a management recharge of £Nil (18 month period ended 30 June 2023: £250,000) to companies under common control. 
During the year ended 30 June 2024, the company also made a charity donation of £19,854 (18 month period ended 30 June 2023: £25,530) to a company under common control.
At 30 June 2024, the company owed £72,922 (30 June 2023: £113,874) to a company under common control. This is recognised within other creditors.
All amounts owed to and by related party balances are interest free and are unsecured. 


12.


Controlling party

The company's immediate and ultimate parent undertaking is DTD Leisure Limited, a company incorporated in the United Kingdom. 
The ultimate controlling party is R T Yong.
Page 8