Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-312025-05-23The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activitytrue2024-02-01falsefalse 04606019 2024-02-01 2025-01-31 04606019 2023-02-01 2024-01-31 04606019 2025-01-31 04606019 2024-01-31 04606019 c:Director2 2024-02-01 2025-01-31 04606019 d:FreeholdInvestmentProperty 2025-01-31 04606019 d:FreeholdInvestmentProperty 2024-01-31 04606019 d:CurrentFinancialInstruments 2025-01-31 04606019 d:CurrentFinancialInstruments 2024-01-31 04606019 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 04606019 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04606019 d:ShareCapital 2025-01-31 04606019 d:ShareCapital 2024-01-31 04606019 d:RetainedEarningsAccumulatedLosses 2025-01-31 04606019 d:RetainedEarningsAccumulatedLosses 2024-01-31 04606019 c:FRS102 2024-02-01 2025-01-31 04606019 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04606019 c:FullAccounts 2024-02-01 2025-01-31 04606019 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04606019 2 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure
Registered number: 04606019


DIAMOND LIBRA LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2025

 
DIAMOND LIBRA LIMITED
REGISTERED NUMBER:04606019

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
460,375
460,375

Current assets
  

Debtors: amounts falling due within one year
 5 
2,500
2,500

Cash at bank and in hand
 6 
62,267
57,984

  
64,767
60,484

Creditors: amounts falling due within one year
 7 
(6,744)
(7,051)

Net current assets
  
 
 
58,023
 
 
53,433

  

Net assets
  
518,398
513,808


Capital and reserves
  

Called up share capital 
  
185
185

Profit and loss account
  
518,213
513,623

  
518,398
513,808


Page 1

 
DIAMOND LIBRA LIMITED
REGISTERED NUMBER:04606019
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

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 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 by: 






................................................
J E Johnson
Director

Date: 23 May 2025


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
DIAMOND LIBRA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Diamond Libra Limited is a private company limited by shares and incorporated in England and Wales, registration number 04606019.  Its registered office is Century House, The Lakes, Northampton, NN4 7HD.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

Interest income

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

 
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.

Page 3

 
DIAMOND LIBRA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, 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.

 
2.6

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 the Statement of Income and Retained Earnings.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4

 
DIAMOND LIBRA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2024
460,375



At 31 January 2025
460,375

The 2025 valuations were made by the directors, on an open market value for existing use basis.






5.


Debtors

2025
2024
£
£


Amounts owed by group undertakings
2,500
2,500



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
62,267
57,984



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
1,044
1,351

Other creditors
4,500
4,500

Accruals and deferred income
1,200
1,200

6,744
7,051


 
Page 5