Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0Property development02023-09-01falsetruefalse 13548751 2023-09-01 2024-08-31 13548751 2022-09-01 2023-08-31 13548751 2024-08-31 13548751 2023-08-31 13548751 c:Director3 2023-09-01 2024-08-31 13548751 d:Buildings 2023-09-01 2024-08-31 13548751 d:Buildings 2024-08-31 13548751 d:Buildings 2023-08-31 13548751 d:FreeholdInvestmentProperty 2023-09-01 2024-08-31 13548751 d:FreeholdInvestmentProperty 2024-08-31 13548751 d:FreeholdInvestmentProperty 2023-08-31 13548751 d:FreeholdInvestmentProperty 4 2023-09-01 2024-08-31 13548751 d:CurrentFinancialInstruments 2024-08-31 13548751 d:CurrentFinancialInstruments 2023-08-31 13548751 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13548751 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13548751 d:RetainedEarningsAccumulatedLosses 2024-08-31 13548751 d:RetainedEarningsAccumulatedLosses 2023-08-31 13548751 c:FRS102 2023-09-01 2024-08-31 13548751 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13548751 c:FullAccounts 2023-09-01 2024-08-31 13548751 c:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 13548751 f:PoundSterling 2023-09-01 2024-08-31 13548751 d:Buildings d:PreviouslyStatedAmount 2023-08-31 13548751 d:FreeholdInvestmentProperty d:PreviouslyStatedAmount 2023-08-31 13548751 d:Buildings d:PriorPeriodIncreaseDecrease 2023-08-31 13548751 d:FreeholdInvestmentProperty d:PriorPeriodIncreaseDecrease 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 13548751









DISCOVERY HOUSE
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
DISCOVERY HOUSE
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 13548751

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
380,028
43,866

Creditors: amounts falling due within one year
 7 
(359,228)
(24,428)

NET CURRENT ASSETS
  
 
 
20,800
 
 
19,438

NET ASSETS
  
20,800
19,438


CAPITAL AND RESERVES
  

Profit and loss account
  
20,800
19,438

  
20,800
19,438


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 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: 




C R Luskin
Director

Date: 2 April 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
DISCOVERY HOUSE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


GENERAL INFORMATION

Discovery House  is a private company limited by guarantee and incorporated in England and Wales. Its
registered office address is 10 Queen Street Place, London, EC4R 1BE. 
The Company's functional and presentational currency is GBP.

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

GOING CONCERN

The Company had net assets of £20,800 (2023: £19,438) as at 31 August 2024. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from the connected company to provide sufficient funds to enable it to meet its liabilities as they fall due.

 
2.3

TURNOVER

Turnover represents rental and sundry other income during the period, exclusive of VAT.

 
2.4

GRANT INCOME

Grant income is recognised in the Profit and Loss Account in the same period as the related expenditure incurred.

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.


Page 2

 
DISCOVERY HOUSE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.

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:

Freehold property
-
0%

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 profit or loss.

 
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. 

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 3

 
DISCOVERY HOUSE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


TANGIBLE FIXED ASSETS





Freehold property

£



COST


Cost brought forward
1,520,767


Grants receivable brought forward
(1,520,767)


At 1 September 2023

-


Additions
81,736


Grants receivable
(81,736)



At 31 August 2024

-






NET BOOK VALUE



At 31 August 2024
-



At 31 August 2023
-


5.


INVESTMENT PROPERTY


Freehold investment property

£



COST OR VALUATION


Cost brought forward
2,943,629


Grants receivable brought forward
(2,943,629)


At 1 September 2022
-


Additions at cost
1,431,772


Grants receivable
(1,431,772)



AT 31 AUGUST 2024
-




Page 4

 
DISCOVERY HOUSE

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


DEBTORS

2024
2023
£
£

Other debtors
375,190
36,677

Prepayments and accrued income
4,838
7,189

380,028
43,866



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
-
3,731

Amounts owed to group undertakings
354,908
8,171

Corporation tax
320
4,560

Accruals and deferred income
4,000
7,966

359,228
24,428




8.


COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Its member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 5