Caseware UK (AP4) 2024.0.164 2024.0.164 2023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11405002 2023-04-01 2024-03-31 11405002 2022-07-01 2023-03-31 11405002 2024-03-31 11405002 2023-03-31 11405002 c:Director1 2023-04-01 2024-03-31 11405002 d:FreeholdInvestmentProperty 2024-03-31 11405002 d:FreeholdInvestmentProperty 2023-03-31 11405002 d:CurrentFinancialInstruments 2024-03-31 11405002 d:CurrentFinancialInstruments 2023-03-31 11405002 d:Non-currentFinancialInstruments 2024-03-31 11405002 d:Non-currentFinancialInstruments 2023-03-31 11405002 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11405002 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11405002 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11405002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11405002 d:ShareCapital 2024-03-31 11405002 d:ShareCapital 2023-03-31 11405002 d:SharePremium 2024-03-31 11405002 d:SharePremium 2023-03-31 11405002 d:RetainedEarningsAccumulatedLosses 2024-03-31 11405002 d:RetainedEarningsAccumulatedLosses 2023-03-31 11405002 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11405002 c:OrdinaryShareClass1 2024-03-31 11405002 c:OrdinaryShareClass1 2023-03-31 11405002 c:FRS102 2023-04-01 2024-03-31 11405002 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11405002 c:FullAccounts 2023-04-01 2024-03-31 11405002 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11405002 2 2023-04-01 2024-03-31 11405002 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11405002









Dewdrop Properties Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Dewdrop Properties Limited
Registered number: 11405002

Statement of Financial Position
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
7,380,000
7,380,000

  
7,380,000
7,380,000

Current assets
  

Debtors: amounts falling due within one year
 5 
-
10,307

Cash at bank and in hand
 6 
288,268
169,221

  
288,268
179,528

Creditors: amounts falling due within one year
 7 
(30,439)
(50,515)

Net current assets
  
 
 
257,829
 
 
129,013

Total assets less current liabilities
  
7,637,829
7,509,013

Creditors: amounts falling due after more than one year
 8 
(3,943,547)
(3,837,861)

  

Net assets
  
3,694,282
3,671,152


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Share premium account
  
3,563,000
3,563,000

Profit and loss account
  
130,282
107,152

  
3,694,282
3,671,152


Page 1

 
Dewdrop Properties Limited
Registered number: 11405002
    
Statement of Financial Position (continued)
As at 31 March 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 on 28 March 2025.




Dr N. Al-Nahi
Director

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

Page 2

 
Dewdrop Properties Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Dewdrop Properties Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales (registration number: 11405002). The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, 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

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:

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

Taxation

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 reporting date in the countries where the Company operates and generates income.


Page 3

 
Dewdrop Properties Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.8

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
Dewdrop Properties Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
7,380,000



At 31 March 2024
7,380,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Other debtors
-
9,798

Prepayments and accrued income
-
509

-
10,307



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
288,268
169,221

288,268
169,221



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
16,454
26,610

Accruals and deferred income
13,985
23,905

30,439
50,515


Page 5

 
Dewdrop Properties Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,837,561
3,837,861

Other loans
105,986
-

3,943,547
3,837,861



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000.00
1,000.00


 
Page 6