Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-011No description of principal activityfalse1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09651039 2023-07-01 2024-06-30 09651039 2022-07-01 2023-06-30 09651039 2024-06-30 09651039 2023-06-30 09651039 c:Director1 2023-07-01 2024-06-30 09651039 d:CurrentFinancialInstruments 2024-06-30 09651039 d:CurrentFinancialInstruments 2023-06-30 09651039 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09651039 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09651039 d:ShareCapital 2024-06-30 09651039 d:ShareCapital 2023-06-30 09651039 d:RetainedEarningsAccumulatedLosses 2024-06-30 09651039 d:RetainedEarningsAccumulatedLosses 2023-06-30 09651039 c:FRS102 2023-07-01 2024-06-30 09651039 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09651039 c:FullAccounts 2023-07-01 2024-06-30 09651039 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09651039









D&W FC GROUP, LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
D&W FC GROUP, LIMITED
REGISTERED NUMBER: 09651039

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
98,724
38,035

Cash at bank and in hand
  
266,602
158,480

  
365,326
196,515

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(2,373,003)
(2,438,441)

Net current liabilities
  
 
 
(2,007,677)
 
 
(2,241,926)

Total assets less current liabilities
  
(2,007,676)
(2,241,925)

  

Net liabilities
  
(2,007,676)
(2,241,925)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(2,007,677)
(2,241,926)

  
(2,007,676)
(2,241,925)


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 her 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 income and retained earnings 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 20 March 2025.

D E Billera
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
D&W FC GROUP, LIMITED
REGISTERED NUMBER: 09651039
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
D&W FC GROUP, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

D&W FC Group, Limited is a private company registered in England and Wales. The address of its  registered office and principal place of business is 110 Bishopsgate, London, EC2N 4AY. 

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

These accounts are prepared on the going concern basis as the company continues to receive the financial support of its creditors.

 
2.3

Foreign currency translation

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.

 
2.4

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. 
Revenue comprises royalties and fees receivable.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
D&W FC GROUP, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from third parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
1



At 30 June 2024
1





5.


Debtors

2024
2023
£
£


Trade debtors
98,024
36,585

Other debtors
-
250

Prepayments
700
1,200

98,724
38,035


Page 4

 
D&W FC GROUP, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
7,513
10,437

Amounts owed to group undertakings
2,227,502
2,340,455

Corporation tax
78,083
34,491

Other taxation and social security
49,966
48,057

Other creditors
1
1

Accruals
9,938
5,000

2,373,003
2,438,441



7.


Related party transactions

At the year end date the company owed £2,227,502 to DW Local LLC (2023 : £2,340,455), the parent company. No interest is charged. The debt is included in short-term liabilities notwithstanding that future loan repayments will be made according to the company's available cash resources. 

 
Page 5