Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-01-01falseNo description of principal activity55falsefalse 06009493 2023-01-01 2024-06-30 06009493 2022-01-01 2022-12-31 06009493 2024-06-30 06009493 2022-12-31 06009493 c:Director1 2023-01-01 2024-06-30 06009493 d:CurrentFinancialInstruments 2024-06-30 06009493 d:CurrentFinancialInstruments 2022-12-31 06009493 d:Non-currentFinancialInstruments 2024-06-30 06009493 d:Non-currentFinancialInstruments 2022-12-31 06009493 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06009493 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06009493 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 06009493 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06009493 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 06009493 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06009493 d:ShareCapital 2024-06-30 06009493 d:ShareCapital 2022-12-31 06009493 d:RetainedEarningsAccumulatedLosses 2024-06-30 06009493 d:RetainedEarningsAccumulatedLosses 2022-12-31 06009493 c:OrdinaryShareClass1 2023-01-01 2024-06-30 06009493 c:OrdinaryShareClass1 2024-06-30 06009493 c:OrdinaryShareClass1 2022-12-31 06009493 c:FRS102 2023-01-01 2024-06-30 06009493 c:Audited 2023-01-01 2024-06-30 06009493 c:FullAccounts 2023-01-01 2024-06-30 06009493 c:PrivateLimitedCompanyLtd 2023-01-01 2024-06-30 06009493 c:SmallCompaniesRegimeForAccounts 2023-01-01 2024-06-30 06009493 2 2023-01-01 2024-06-30 06009493 6 2023-01-01 2024-06-30 06009493 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 06009493 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06009493 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 06009493 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 06009493 e:PoundSterling 2023-01-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06009493










DUNMOORE PROPERTIES LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
DUNMOORE PROPERTIES LIMITED
REGISTERED NUMBER: 06009493

BALANCE SHEET
AS AT 30 JUNE 2024

30 June
31 December
2024
2022
Note
£
£

Fixed assets
  

Investments
  
1
1

  
1
1

Current assets
  

Stocks
 4 
4,361,466
21,915,502

Debtors: amounts falling due within one year
 5 
2,538,170
513,618

Cash at bank and in hand
 6 
147,843
2,389,702

  
7,047,479
24,818,822

Creditors: amounts falling due within one year
 7 
(83,655)
(14,153,085)

Net current assets
  
 
 
6,963,824
 
 
10,665,737

Total assets less current liabilities
  
6,963,825
10,665,738

Creditors: amounts falling due after more than one year
 8 
-
(2,400,000)

Provisions for liabilities
  

Deferred tax
 10 
(255,726)
(1,234,895)

  
 
 
(255,726)
 
 
(1,234,895)

Net assets
  
6,708,099
7,030,843


Capital and reserves
  

Called up share capital 
 11 
1
1

Profit and loss account
  
6,708,098
7,030,842

  
6,708,099
7,030,843


Page 1

 
DUNMOORE PROPERTIES LIMITED
REGISTERED NUMBER: 06009493

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 were approved and authorised for issue by the board and were signed on its behalf by:


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.



J R Hobby
Director

Date: 24 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
DUNMOORE PROPERTIES LIMITED
 

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

1.


General information

The company is limited by shares and is incorporated in England and Wales with a registered office at Brightwalton House, Brightwalton, Newbury, RG20 7BZ. Registered number 06009493.

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 current period is for the 18 months ended 30 June 2024. The comparative period is for the year ended 31 December 2022, therefore the figures are not entirely comparable.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Rentals income from operating leases is credited to the statement of comprehensive income on a straight line basis over the term of the relevant lease.
Income from the sales of properties held as stock are recognised on completion and in line with the sales contract.
Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard, 1 January 2015, to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Stocks

Stocks relate to properties held for development and are stated at the lower of cost and net realisable value. Costs include all direct costs. 
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 profit or loss.

Page 3

 
DUNMOORE PROPERTIES LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate
Page 4

 
DUNMOORE PROPERTIES LIMITED
 

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

2.Accounting policies (continued)


2.7
Financial instruments (continued)

method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.8

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.

 
2.9

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.

 
2.10

Interest income

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

 
2.11

Borrowing costs

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

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
DUNMOORE PROPERTIES LIMITED
 

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

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the period 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

There are no employees in the current or prior year other than the directors who did not receive any remuneration in this company.

Page 6

 
DUNMOORE PROPERTIES LIMITED
 

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

4.


Stocks

30 June
31 December
2024
2022
£
£

Sites held for development
4,361,466
21,915,502

4,361,466
21,915,502



5.


Debtors

30 June
31 December
2024
2022
£
£


Trade debtors
21,414
132,092

Amounts owed by group undertakings
2,294,813
248,000

Other debtors
221,943
70,311

Prepayments and accrued income
-
63,215

2,538,170
513,618



6.


Cash and cash equivalents

30 June
31 December
2024
2022
£
£

Cash at bank and in hand
147,843
2,389,702

147,843
2,389,702



7.


Creditors: Amounts falling due within one year

30 June
31 December
2024
2022
£
£

Bank loans
-
7,967,000

Trade creditors
39,921
455,077

Amounts owed to group undertakings
-
5,546,269

Other creditors
13,934
19,176

Accruals and deferred income
29,800
165,563

83,655
14,153,085


The bank loans were fully repaid in the period (2022: £7,967,000).

Page 7

 
DUNMOORE PROPERTIES LIMITED
 

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

8.


Creditors: Amounts falling due after more than one year

30 June
31 December
2024
2022
£
£

Bank loans
-
2,400,000

-
2,400,000


The bank loans due in more than one year were fully repaid in the period (2022: £2,400,000).


9.


Loans


Analysis of the maturity of loans is given below:


30 June
31 December
2024
2022
£
£

Amounts falling due within one year

Bank loans
-
7,967,000

Amounts falling due 1-2 years

Bank loans
-
2,400,000



-
10,367,000


Page 8

 
DUNMOORE PROPERTIES LIMITED
 

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

10.


Deferred taxation






2024


£






At beginning of year
(1,234,895)


Charged to profit or loss
979,169



At end of year
(255,726)

The provision for deferred taxation is made up as follows:

30 June
31 December
2024
2022
£
£


Accelerated capital allowances
116,201
62,320

Short term timing differences
(371,927)
(1,297,215)

(255,726)
(1,234,895)


11.


Share capital

30 June
31 December
2024
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



12.


Related party transactions

The company has taken advantage of the exemption under FRS 102 not to disclose related party transactions with wholly owned group companies. 


13.


Controlling party

The immediate and ultimate parent company at the balance sheet date was Dunmoore Group Limited, a company incorporated in England and Wales, registered address Brightwalton House, Brightwalton, Newbury, Berkshire, RG20 7BZ.
The smallest and largest group to prepare consolidated financial statements is that of Dunmoore Group Limited. 
The ultimate controlling party of Dunmoore Group Limited is Jeff Hobby by virtue of his shareholding.

Page 9

 
DUNMOORE PROPERTIES LIMITED
 

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

14.


Auditors' information

The auditors' report on the financial statements for the period ended 30 June 2024 was unqualified.

The audit report was signed on 26 March 2025 by Jonathan Baillie BA (Hons) ACA FCCA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.


Page 10