Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312025-05-052023-09-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09167362 2023-09-01 2024-12-31 09167362 2022-09-01 2023-08-31 09167362 2024-12-31 09167362 2023-08-31 09167362 c:Director1 2023-09-01 2024-12-31 09167362 c:RegisteredOffice 2023-09-01 2024-12-31 09167362 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-12-31 09167362 d:Buildings d:LongLeaseholdAssets 2024-12-31 09167362 d:Buildings d:LongLeaseholdAssets 2023-08-31 09167362 d:MotorVehicles 2023-09-01 2024-12-31 09167362 d:MotorVehicles 2024-12-31 09167362 d:MotorVehicles 2023-08-31 09167362 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-12-31 09167362 d:OwnedOrFreeholdAssets 2023-09-01 2024-12-31 09167362 d:CurrentFinancialInstruments 2024-12-31 09167362 d:CurrentFinancialInstruments 2023-08-31 09167362 d:Non-currentFinancialInstruments 2024-12-31 09167362 d:Non-currentFinancialInstruments 2023-08-31 09167362 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09167362 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09167362 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09167362 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 09167362 d:ShareCapital 2024-12-31 09167362 d:ShareCapital 2023-08-31 09167362 d:RetainedEarningsAccumulatedLosses 2024-12-31 09167362 d:RetainedEarningsAccumulatedLosses 2023-08-31 09167362 c:OrdinaryShareClass1 2023-09-01 2024-12-31 09167362 c:OrdinaryShareClass1 2024-12-31 09167362 c:OrdinaryShareClass1 2023-08-31 09167362 c:FRS102 2023-09-01 2024-12-31 09167362 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-12-31 09167362 c:FullAccounts 2023-09-01 2024-12-31 09167362 c:PrivateLimitedCompanyLtd 2023-09-01 2024-12-31 09167362 e:PoundSterling 2023-09-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09167362










DUNDEE ART COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

 
DUNDEE ART COMPANY LIMITED
 

COMPANY INFORMATION


Director
Lord H Scrymgeour 




Registered number
09167362



Registered office
Flat 6
29 Stanhope Gardens

London

England

SW7 5QX




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
DUNDEE ART COMPANY LIMITED
REGISTERED NUMBER:09167362

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

31 December
31 August
2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
143,405
27,043

  
143,405
27,043

Current assets
  

Debtors: amounts falling due within one year
 5 
182,170
69,098

Cash at bank and in hand
  
175,639
110,221

  
357,809
179,319

Creditors: amounts falling due within one year
 6 
(233,027)
(113,946)

Net current assets
  
 
 
124,782
 
 
65,373

Total assets less current liabilities
  
268,187
92,416

Creditors: amounts falling due after more than one year
 7 
-
(4,981)

Provisions for liabilities
  

Deferred tax
  
(5,667)
-

Net assets
  
 
 
262,520
 
 
87,435


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
262,420
87,335

  
262,520
87,435


Page 1

 
DUNDEE ART COMPANY LIMITED
REGISTERED NUMBER:09167362

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 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 5 May 2025.




Lord H Scrymgeour
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DUNDEE ART COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


1.


General information

The company is limited by shares and incorporated in England with registration number 09167362. The registered office address is Flat 6, 29 Stanhope Gardens, London, SW7 5QX.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.  

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

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
DUNDEE ART COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
DUNDEE ART COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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 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.


 
2.5

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, as follows.

Depreciation is provided on the following basis:

Long-term leasehold property
-
4% straight line
Motor vehicles
-
25% straight line

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 5

 
DUNDEE ART COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Tangible fixed assets







Property improvements
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 September 2023
-
36,058
36,058


Additions
135,614
-
135,614



At 31 December 2024

135,614
36,058
171,672



Depreciation


At 1 September 2023
-
9,015
9,015


Charge for the period on owned assets
7,233
12,019
19,252



At 31 December 2024

7,233
21,034
28,267



Net book value



At 31 December 2024
128,381
15,024
143,405



At 31 August 2023
-
27,043
27,043


5.


Debtors

31 December
31 August
2024
2023
£
£


Other debtors
182,170
69,098

182,170
69,098


Page 6

 
DUNDEE ART COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


6.


Creditors: Amounts falling due within one year

31 December
31 August
2024
2023
£
£

Trade creditors
1,510
-

Other taxation and social security
-
27,358

Obligations under finance lease and hire purchase contracts
2,153
8,185

Other creditors
227,614
76,653

Accruals and deferred income
1,750
1,750

233,027
113,946



7.


Creditors: Amounts falling due after more than one year

31 December
31 August
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
4,981

-
4,981



8.


Share capital

31 December
31 August
2024
2023
£
£
Allotted, called up and fully paid



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



Page 7