Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falseNo description of principal activity2023-10-0122falsetrue 09323043 2023-10-01 2024-09-30 09323043 2022-10-01 2023-09-30 09323043 2024-09-30 09323043 2023-09-30 09323043 c:Director1 2023-10-01 2024-09-30 09323043 d:FreeholdInvestmentProperty 2024-09-30 09323043 d:FreeholdInvestmentProperty 2023-09-30 09323043 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 09323043 d:CurrentFinancialInstruments 2024-09-30 09323043 d:CurrentFinancialInstruments 2023-09-30 09323043 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09323043 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09323043 d:ShareCapital 2024-09-30 09323043 d:ShareCapital 2023-09-30 09323043 d:RetainedEarningsAccumulatedLosses 2024-09-30 09323043 d:RetainedEarningsAccumulatedLosses 2023-09-30 09323043 c:FRS102 2023-10-01 2024-09-30 09323043 c:Audited 2023-10-01 2024-09-30 09323043 c:FullAccounts 2023-10-01 2024-09-30 09323043 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09323043 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09323043 2 2023-10-01 2024-09-30 09323043 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 09323043 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 09323043










DTW (PROPERTIES) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
DTW (PROPERTIES) LIMITED
REGISTERED NUMBER: 09323043

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,045,000
1,170,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,437,197
1,421,750

Cash at bank and in hand
  
349,089
309,503

  
1,786,286
1,731,253

Creditors: amounts falling due within one year
 6 
(755,291)
(392,618)

Net current assets
  
 
 
1,030,995
 
 
1,338,635

  

Net assets
  
2,075,995
2,508,635


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
2,065,995
2,498,635

  
2,075,995
2,508,635


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: 



M N Leaney
Director

Date: 31 January 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
DTW (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

DTW (Properties) Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.
The address of the registered office is One Dorking Office Park, Station Road, Dorking, England, RH4 1HJ.
The principal activity of the Company continued to be that of 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 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

 
2.2

Revenue

Revenue comprises amounts recognised by the Company in respect of rents receivable during the year.

 
2.3

Investment property

Investment property is carried at fair value. It is determined every three years 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 the Statement of Comprehensive Income.

 
2.4

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.

 
2.5

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.

Page 2

 
DTW (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 
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.

 
2.7

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.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

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.

Page 3

 
DTW (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Interest income

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

 
2.11

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.


3.


Employees

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

Page 4

 
DTW (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
1,170,000


Deficit on revaluation
(125,000)



At 30 September 2024
1,045,000

The valuation of investment properties as at the year end is based on an independent valuation conducted by Clark Trewick Chartered Surveyors on 21st December 2024. This valuation reflects the open market value for existing use of four out of the five investment properties. The directors confirm that there have been no changes to these properties between the valuation date and the year-end date that would have a material impact on their value.
For the investment property that was not independently valued, the directors confirm that no changes have occurred to its condition that would materially affect its reported value in the accounts.





Page 5

 
DTW (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,434,654
1,419,072

Prepayments and accrued income
580
476

Deferred taxation
1,963
2,202

1,437,197
1,421,750



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
755,291
380,291

Corporation tax
-
12,327

755,291
392,618



7.


Deferred taxation




2024


£






At beginning of year
2,202


Charged to profit or loss
(239)



At end of year
1,963

The deferred tax asset is made up as follows:

2024
2023
£
£


Fixed asset timing differences
1,963
2,202

Page 6

 
DTW (PROPERTIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Related party transactions

The Company has taken the exemption available to not disclose transactions within the year between wholly owned group companies.


9.


Controlling party

The Company was under the control of the directors throughout the year.
The parent company is DTW (Holdings) Limited.
The largest group to consolidate these financial statements is DTW (Holdings) Limited. Copies of the consolidated financial statements can be obtained from the Company Secretary at One Dorking Office Park, Station Road, Dorking, England, RH4 1HJ.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 31 January 2025 by Ian Palmer FCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

 
Page 7