Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31falsetrue2023-08-01truefalseBuying & selling of own real estate and letting out33true 14099747 2023-08-01 2024-07-31 14099747 2022-08-01 2023-07-31 14099747 2024-07-31 14099747 2023-07-31 14099747 c:Director2 2023-08-01 2024-07-31 14099747 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 14099747 d:Buildings d:LongLeaseholdAssets 2024-07-31 14099747 d:Buildings d:LongLeaseholdAssets 2023-07-31 14099747 d:PlantMachinery 2023-08-01 2024-07-31 14099747 d:FurnitureFittings 2023-08-01 2024-07-31 14099747 d:FurnitureFittings 2024-07-31 14099747 d:FurnitureFittings 2023-07-31 14099747 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14099747 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14099747 d:CurrentFinancialInstruments 2024-07-31 14099747 d:CurrentFinancialInstruments 2023-07-31 14099747 d:Non-currentFinancialInstruments 2024-07-31 14099747 d:Non-currentFinancialInstruments 2023-07-31 14099747 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14099747 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14099747 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 14099747 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 14099747 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 14099747 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 14099747 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 14099747 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 14099747 d:ShareCapital 2024-07-31 14099747 d:ShareCapital 2023-07-31 14099747 d:RetainedEarningsAccumulatedLosses 2024-07-31 14099747 d:RetainedEarningsAccumulatedLosses 2023-07-31 14099747 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 14099747 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 14099747 c:OrdinaryShareClass1 2023-08-01 2024-07-31 14099747 c:OrdinaryShareClass1 2024-07-31 14099747 c:FRS102 2023-08-01 2024-07-31 14099747 c:Audited 2023-08-01 2024-07-31 14099747 c:FullAccounts 2023-08-01 2024-07-31 14099747 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14099747 d:WithinOneYear 2024-07-31 14099747 d:WithinOneYear 2023-07-31 14099747 d:BetweenOneFiveYears 2024-07-31 14099747 d:BetweenOneFiveYears 2023-07-31 14099747 d:MoreThanFiveYears 2024-07-31 14099747 d:MoreThanFiveYears 2023-07-31 14099747 c:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14099747 2 2023-08-01 2024-07-31 14099747 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14099747









DELFIELD PROPERTY MANAGEMENT LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
DELFIELD PROPERTY MANAGEMENT LTD
REGISTERED NUMBER: 14099747

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,903,269
1,929,969

  
1,903,269
1,929,969

Current assets
  

Debtors: amounts falling due within one year
 5 
283,259
241,502

Cash at bank and in hand
 6 
3,884
62,988

  
287,143
304,490

Creditors: amounts falling due within one year
 7 
(1,060,848)
(961,480)

Net current liabilities
  
 
 
(773,705)
 
 
(656,990)

Total assets less current liabilities
  
1,129,564
1,272,979

Creditors: amounts falling due after more than one year
 8 
(1,121,362)
(1,270,862)

Provisions for liabilities
  

Deferred tax
 10 
(9,016)
(9,016)

Net liabilities
  
(814)
(6,899)


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
(816)
(6,901)

  
(814)
(6,899)

Page 1

 
DELFIELD PROPERTY MANAGEMENT LTD
REGISTERED NUMBER: 14099747
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 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 24 April 2025.




K Cook
Director

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

Page 2

 
DELFIELD PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Delfield Property Management Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Unit 7, Chancerygate Business Centre, Stonefield Way, Ruislip, England, HA4 0JS.
The principal activity of the company in the year under review was that of commercial property rental.

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

Company law requires the directors to consider the appropriateness of the going concern basis when preparing the financial statements.
The directors confirm that they consider the going concern basis to be appropriate. The directors consider that the going concern basis is appropriate as the company has adequate resources to continue in operational existence for the foreseeable future based on current trading and cash flow forecasts.

 
2.3

Interest income

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

  
2.4

Rental income

Rental income is recognised over the terms of the lease. Revenue is recognised net of discounts and value added taxes.

 
2.5

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.

Page 3

 
DELFIELD PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

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 reporting 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 reporting 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 reporting date.


 
2.7

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
DELFIELD PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets 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:

Long-term leasehold property
-
2%
straight line
Plant and machinery
-
10%
straight line
Fixtures and fittings
-
15%
straight line

Depreciation is not charged on Land amounting £686,919 (2023 - 686,919), included within the leasehold property as the director believes the long economic useful life and high residual value would render any depreciation immaterial.
The treatment is contrary to the Companies Act 2006, which states that fixed assets should be depreciated. However it is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the Company.
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 the Statement of comprehensive income.

 
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.

Page 5

 
DELFIELD PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

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 the Statement of comprehensive income.


3.


Employees



The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost 


At 1 August 2023
1,946,919
10,000
1,956,919



At 31 July 2024

1,946,919
10,000
1,956,919



Depreciation


At 1 August 2023
25,200
1,750
26,950


Charge for the year 
25,200
1,500
26,700



At 31 July 2024

50,400
3,250
53,650



Net book value



At 31 July 2024
1,896,519
6,750
1,903,269



At 31 July 2023
1,921,719
8,250
1,929,969

The carrying amount of investment property, which the Company rents to another group entity which it has chosen to account for such properties using the cost model is £1,896,519 (2023 - £1,921,719).
 
Page 6

 
DELFIELD PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
11,667
-

Amounts owed by group undertakings
271,590
241,500

Other debtors
2
2

283,259
241,502



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,884
62,988

3,884
62,988



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
146,388
43,610

Amounts owed to group undertakings
907,960
914,870

Accruals and deferred income
6,500
3,000

1,060,848
961,480


Amount owed to group undertakings reflect the intercompany finance agreement in place between the company and its fellow group companies. The loan attracts interest at a rate of 10% per annum and is repayable on demand.
Bank loans are secured by fixed and floating charge over the property and undertakings of the company and contains a negative pledge clause and a fixed and floating charge with a negative pledge clause over the leasehold property.

Page 7

 
DELFIELD PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,121,362
1,270,862

1,121,362
1,270,862



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
146,388
43,610


146,388
43,610


Amounts falling due 2-5 years

Bank loans
1,121,362
-


1,121,362
-

Amounts falling due after more than 5 years

Bank loans
-
1,270,862

-
1,270,862

1,267,750
1,314,472



10.


Deferred taxation




2024


£






At beginning of year
9,016



At end of year
9,016

Page 8

 
DELFIELD PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
9,016
9,016

9,016
9,016


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2



12.


Operating lease receivable

At 31 July 2024 the Company had future minimum lease rent receivable due under cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
140,000
140,000

Later than 1 year and not later than 5 years
560,000
560,000

Later than 5 years
396,986
536,986

1,096,986
1,236,986


13.


Related party transactions

The Company has taken advantage of the exemptions available under FRS 102 not to disclose transaction between entities that are part of a wholly owned group.

Page 9

 
DELFIELD PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

14.


Controlling party

The immediate parent company is Delfield Holdings Ltd, a company incorporated in England and Wales. 
The ultimate parent company is Delfield Group Holdings Ltd, a company incorporated in England and Wales. 
The largest and small group in which the results of the company are consolidated is headed by Delfield Group Holdings Ltd. The consolidated accounts of Delfield Group Holdings Ltd are available from Companies House.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2024 was unqualified.

The audit report was signed on 28 April 2025 by Nigel Goodman (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 10