Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312025-05-19No description of principal activitytrue22023-06-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10752988 2023-06-01 2024-05-31 10752988 2022-06-01 2023-05-31 10752988 2024-05-31 10752988 2023-05-31 10752988 c:Director1 2023-06-01 2024-05-31 10752988 d:Buildings 2023-06-01 2024-05-31 10752988 d:Buildings 2024-05-31 10752988 d:Buildings 2023-05-31 10752988 d:CurrentFinancialInstruments 2024-05-31 10752988 d:CurrentFinancialInstruments 2023-05-31 10752988 d:Non-currentFinancialInstruments 2024-05-31 10752988 d:Non-currentFinancialInstruments 2023-05-31 10752988 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10752988 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10752988 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 10752988 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 10752988 d:ShareCapital 2024-05-31 10752988 d:ShareCapital 2023-05-31 10752988 d:RetainedEarningsAccumulatedLosses 2024-05-31 10752988 d:RetainedEarningsAccumulatedLosses 2023-05-31 10752988 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10752988 c:OrdinaryShareClass1 2024-05-31 10752988 c:OrdinaryShareClass1 2023-05-31 10752988 c:OrdinaryShareClass2 2023-06-01 2024-05-31 10752988 c:OrdinaryShareClass2 2024-05-31 10752988 c:OrdinaryShareClass2 2023-05-31 10752988 c:FRS102 2023-06-01 2024-05-31 10752988 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10752988 c:FullAccounts 2023-06-01 2024-05-31 10752988 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10752988 6 2023-06-01 2024-05-31 10752988 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10752988









DS2 PROPERTY (HOLDCO) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
DS2 PROPERTY (HOLDCO) LTD
REGISTERED NUMBER: 10752988

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,000
20,000

Investments
 5 
-
100

  
20,000
20,100

Current assets
  

Debtors: amounts falling due within one year
 6 
492,248
597,714

Creditors: amounts falling due within one year
 7 
(391,103)
(564,660)

Net current assets
  
101,145
33,054

Total assets less current liabilities
  
121,145
53,154

Creditors: amounts falling due after more than one year
 8 
(41,017)
(41,667)

  

Net assets
  
80,128
11,487


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
79,928
11,287

  
80,128
11,487


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 Company has opted not to file the statement of income and retained earnings 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 19 May 2025.


................................................
David Sterry
Director

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

Page 1

 
DS2 PROPERTY (HOLDCO) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

DS2 Property (HoldCo) Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 10752988. The address of the registered office is Wisteria Grange Barn, Pikes End, Pinner, London, England, HA5 2EX.

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

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

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
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.

Page 2

 
DS2 PROPERTY (HOLDCO) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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 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.

 
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.

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
-
Nil

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.

Page 3

 
DS2 PROPERTY (HOLDCO) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

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.

 
2.10

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 4

 
DS2 PROPERTY (HOLDCO) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.11

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 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.

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 receipts 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 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.


3.


Employees

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

Page 5

 
DS2 PROPERTY (HOLDCO) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 June 2023
20,000



At 31 May 2024

20,000






Net book value



At 31 May 2024
20,000



At 31 May 2023
20,000


5.


Fixed asset investments





Investments in subsidiary companies

£





At 1 June 2023
100


Disposals
(100)



At 31 May 2024
-





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
492,248
597,714

492,248
597,714


Amounts owed by group undertakings are interest-free, unsecured and repayable on demand.

Page 6

 
DS2 PROPERTY (HOLDCO) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,171
-

Amounts owed to group undertakings
-
176,159

Corporation tax
1,500
200

Other creditors
378,888
378,888

Accruals and deferred income
5,544
9,413

391,103
564,660


Amounts owed by group undertakings are interest-free, unsecured and repayable on demand.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
41,017
41,667

41,017
41,667



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary share shares of £1.00 each
100
100
100 (2023 - 100) Ordinary A share shares of £1.00 each
100
100

200

200



10.


Related party transactions

Included in other creditors due within one year as at 31 May 2024 is an amount of £179,663 (2023: £179,663), owed to the director David Sterry.
Included in other creditors due more than one year as at 31 May 2024, is an amount of £199,225 (2023: £199,225), owed to the director Donna Siddorn.
These loans are in respect of expenses incurred on behalf of the company. These loans are interest free and are repayable on demand.

 
Page 7