Caseware UK (AP4) 2024.0.164 2024.0.164 false2023-07-01falseInvestment property00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01378518 2023-07-01 2024-06-30 01378518 2022-07-01 2023-06-30 01378518 2024-06-30 01378518 2023-06-30 01378518 c:Director3 2023-07-01 2024-06-30 01378518 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 01378518 d:Buildings d:ShortLeaseholdAssets 2024-06-30 01378518 d:Buildings d:ShortLeaseholdAssets 2023-06-30 01378518 d:CurrentFinancialInstruments 2024-06-30 01378518 d:CurrentFinancialInstruments 2023-06-30 01378518 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01378518 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01378518 d:ShareCapital 2024-06-30 01378518 d:ShareCapital 2023-06-30 01378518 d:RevaluationReserve 2024-06-30 01378518 d:RevaluationReserve 2023-06-30 01378518 d:RetainedEarningsAccumulatedLosses 2024-06-30 01378518 d:RetainedEarningsAccumulatedLosses 2023-06-30 01378518 c:OrdinaryShareClass1 2023-07-01 2024-06-30 01378518 c:OrdinaryShareClass1 2024-06-30 01378518 c:OrdinaryShareClass1 2023-06-30 01378518 c:FRS102 2023-07-01 2024-06-30 01378518 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01378518 c:FullAccounts 2023-07-01 2024-06-30 01378518 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01378518 d:OtherDeferredTax 2024-06-30 01378518 d:OtherDeferredTax 2023-06-30 01378518 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01378518










Delsecurity Limited








Unaudited

Financial statements

For the year ended 30 June 2024

 
Delsecurity Limited
Registered number: 01378518

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
120,000
11,000

  
120,000
11,000

Current assets
  

Debtors: amounts falling due within one year
 5 
20,840
21,115

Bank and cash balances
  
40,624
32,989

  
61,464
54,104

Creditors: amounts falling due within one year
 6 
(56,031)
(54,804)

Net current assets/(liabilities)
  
 
 
5,433
 
 
(700)

Total assets less current liabilities
  
125,433
10,300

Provisions for liabilities
  

Deferred tax
  
(12,396)
-

  
 
 
(12,396)
 
 
-

Net assets
  
113,037
10,300


Capital and reserves
  

Called up share capital 
 8 
272
272

Revaluation reserve
  
9,618
-

Profit and loss account
  
103,147
10,028

  
113,037
10,300


Page 1

 
Delsecurity Limited
Registered number: 01378518

Balance sheet (continued)
As at 30 June 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 by: 




L G Marks
Director
Date: 26 March 2025

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

Page 2

 
Delsecurity Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England & Wales. The company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The Company's principal place of business is 95 Dorset House, Gloucester Place, London, NW1 5AF. The company's principal activity during the year was property investment.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Turnover

Turnover represents rent and insurance receivable from tenants, credit for which is taken on an accruals basis, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

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 to and from related parties.

Page 3

 
Delsecurity Limited
 

 
Notes to the financial statements
For the year ended 30 June 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 balance sheet 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 balance sheet 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 balance sheet date.



3.


Employees




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

Page 4

 
Delsecurity Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

4.


Tangible fixed assets





Short-term leasehold property

£



Valuation


At 1 July 2023

11,000


Revaluations
109,000



At 30 June 2024

120,000






Net book value



At 30 June 2024
120,000



At 30 June 2023
11,000

Cost or valuation at 30 June 2024 is as follows:

Land and buildings
£


At cost
97,986
At valuation:

30 June 2024
22,014



120,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
97,986
97,986

Accumulated depreciation
(83,296)
(81,329)

Net book value
14,690
16,657






 

Page 5

 
Delsecurity Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

5.


Debtors

2024
2023
£
£


Trade debtors
15,690
15,000

Prepayments and accrued income
5,150
6,115

20,840
21,115



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
35,000
35,000

Corporation tax
1,819
-

Other creditors
10,000
10,000

Accruals and deferred income
9,212
9,804

56,031
54,804



7.


Deferred taxation




2024


£






Charged to profit or loss
(12,396)



At end of year
(12,396)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Revaluation of property
(12,396)
-

(12,396)
-


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



272 (2023 - 272) Ordinary shares of £1.00 each
272
272


Page 6

 
Delsecurity Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

9.


Contingent liabilities

Joint unlimited guarantee has been given by Cardinal Group Limited and Delsecurity Limited against an overdraft facility within Cardinal Estates Limited, a company under common control, of £750,000 (2023: £750,000).
At the year end Cardinal Estates Limited has utilised £Nil (2023: £Nil) of its available overdraft facility.


10.


Controlling party

The company regards Cardinal Securities Limited as its immediate parent company and Cardinal Group Limited as its ultimate parent company.
The company considers its ultimate control relationship to be the directors of Cardinal Group Limited.
All companies mentioned above are registered in England and Wales.

Page 7