Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-292025-05-295No description of principal activity4false2023-06-01truetruefalse 14118753 2023-06-01 2024-05-31 14118753 2022-05-19 2023-05-31 14118753 2024-05-31 14118753 2023-05-31 14118753 c:Director1 2023-06-01 2024-05-31 14118753 d:CurrentFinancialInstruments 2024-05-31 14118753 d:CurrentFinancialInstruments 2023-05-31 14118753 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14118753 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14118753 d:ShareCapital 2024-05-31 14118753 d:ShareCapital 2023-05-31 14118753 d:OtherMiscellaneousReserve 2023-06-01 2024-05-31 14118753 d:OtherMiscellaneousReserve 2024-05-31 14118753 d:OtherMiscellaneousReserve 2023-05-31 14118753 d:RetainedEarningsAccumulatedLosses 2024-05-31 14118753 d:RetainedEarningsAccumulatedLosses 2023-05-31 14118753 c:FRS102 2023-06-01 2024-05-31 14118753 c:Audited 2023-06-01 2024-05-31 14118753 c:FullAccounts 2023-06-01 2024-05-31 14118753 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14118753 c:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14118753 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 14118753







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


DAVIDSON HOSPITALITY UK LIMITED






































img2fb8.png                        

 


DAVIDSON HOSPITALITY UK LIMITED
REGISTERED NUMBER:14118753



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023 (unaudited)
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
634,059
353,240

Cash at bank and in hand
  
1,276,436
884,706

  
1,910,495
1,237,946

Creditors: amounts falling due within one year
 5 
(364,921)
(446,652)

Net current assets
  
 
 
1,545,574
 
 
791,294

Total assets less current liabilities
  
1,545,574
791,294

  

Net assets
  
1,545,574
791,294


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
  
2,510,853
943,319

Profit and loss account
  
(965,280)
(152,026)

  
1,545,574
791,294


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: 




................................................
C T Beasley
Director

Date: 29 May 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


DAVIDSON HOSPITALITY UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Davidson Hospitality UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. 

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.

 
2.3

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.

 
2.4

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 2

 


DAVIDSON HOSPITALITY UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
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

Financial Instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

 
2.8

Going concern

The Parent Company has confirmed that it will provide financial support, if necessary, to Davidson Hospitality UK Limited. The Parent Company accounts contain sufficient funds to be able to support the Company, therefore it is appropriate to adopt the going concern basis in preparing its financial statements.

Page 3

 


DAVIDSON HOSPITALITY UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

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 profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 4).


4.


Debtors

2024
2023 (unaudited)
£
£


Trade debtors
309,227
341,848

Other debtors
17,411
-

Prepayments and accrued income
5,695
11,392

Deferred taxation
301,726
-

634,059
353,240



5.


Creditors: Amounts falling due within one year

2024
2023 (unaudited)
£
£

Trade creditors
772
-

Amounts owed to group undertakings
169,123
-

Other taxation and social security
16,685
45,747

Other creditors
-
322,653

Accruals and deferred income
178,341
78,252

364,921
446,652



6.


Reserves

Other reserves

Other reserves are made up of equity contributions from the Parent Company.

Page 4

 


DAVIDSON HOSPITALITY UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Controlling party

The ultimate Parent Company is Monroe DHH Investment LLC. Davidson Hospitality UK Limited is not included within any consolidated financial statements, due to its size. 


8.


Prior year adjustment

An adjustment has been made in respect of the equity contribution from the Parent Company last year which was included as Share Premium, however because no shares were issued, it should not have been included as Share Premium. 


9.


Post balance sheet event

On 10th April 2025 Davidson Hospitality UK Limited was sold to Davidson Hospitality UK Holdings Limited. The sale occurred after the reporting date of 31st May 2024 and is therefore classified as a non-adjusting event. Consequently, no adjustments have been made to the financial statements.


10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 May 2024 was unqualified.

The audit report was signed on 29 May 2025 by James Fox ACA FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 5