Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11900995 2023-04-01 2024-03-31 11900995 2022-04-01 2023-03-31 11900995 2024-03-31 11900995 2023-03-31 11900995 2022-04-01 11900995 c:Director1 2023-04-01 2024-03-31 11900995 d:FreeholdInvestmentProperty 2024-03-31 11900995 d:FreeholdInvestmentProperty 2023-03-31 11900995 d:CurrentFinancialInstruments 2024-03-31 11900995 d:CurrentFinancialInstruments 2023-03-31 11900995 d:Non-currentFinancialInstruments 2024-03-31 11900995 d:Non-currentFinancialInstruments 2023-03-31 11900995 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11900995 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11900995 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11900995 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11900995 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 11900995 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11900995 d:ShareCapital 2024-03-31 11900995 d:ShareCapital 2023-03-31 11900995 d:RevaluationReserve 2023-04-01 2024-03-31 11900995 d:RevaluationReserve 2024-03-31 11900995 d:RevaluationReserve 2023-03-31 11900995 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11900995 d:RetainedEarningsAccumulatedLosses 2024-03-31 11900995 d:RetainedEarningsAccumulatedLosses 2023-03-31 11900995 d:OtherDeferredTax 2024-03-31 11900995 d:OtherDeferredTax 2023-03-31 11900995 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11900995 c:OrdinaryShareClass1 2024-03-31 11900995 c:OrdinaryShareClass1 2023-03-31 11900995 c:FRS102 2023-04-01 2024-03-31 11900995 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11900995 c:FullAccounts 2023-04-01 2024-03-31 11900995 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11900995 2 2023-04-01 2024-03-31 11900995 5 2023-04-01 2024-03-31 11900995 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11900995









26 DALE STREET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
26 DALE STREET LIMITED
REGISTERED NUMBER: 11900995

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
                                                                    Note
£
£
£
£

Fixed assets
  

Investment property
 4 
450,000
450,000

Current assets
  

Debtors: amounts falling due within one year
 5 
-
441

Cash at bank and in hand
  
2,372
2,106

Creditors: amounts falling due within one year
 6 
(19,594)
(14,009)

Net current liabilities
  
 
 
(17,222)
 
 
(11,462)

Total assets less current liabilities
  
432,778
438,538

Creditors: amounts falling due after more than one year
 7 
(339,238)
(339,238)

Provisions for liabilities
  

Deferred tax
  
(25,026)
(25,026)

Net assets
  
68,514
74,274


Capital and reserves
  

Called up share capital 
 10 
2
2

Revaluation reserve
 11 
75,078
75,078

Profit and loss account
 11 
(6,566)
(806)

  
68,514
74,274


Page 1

 
26 DALE STREET LIMITED
REGISTERED NUMBER: 11900995
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 year 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 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 on 4 June 2025.




N M Kennedy
Director

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

Page 2

 
26 DALE STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

26 Dale Street Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 62 Salisbury Road, Walmer,Deal, Kent, England, CT14 7QJ.

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

Going concern

The accounts are prepared on a going concern basis.The company will be supported by the shareholders where needed.  At the time of approval of these financial statements the director is of the opinion that the company will continue in operation for the foreseeable future.  

 
2.3

Revenue

Rental Income
Rental income is in respect of the freehold interest in the investment property. Such income is recognised in accordance with the leases granted.

 
2.4

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

Page 3

 
26 DALE STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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 is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in the Statement of comprehensive income.

 
2.9

Investment property

Investment property is carried at fair value determined annually by the directors or 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 and transferred to a separate revaluation reserve.

 
2.10

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.

Page 4

 
26 DALE STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
450,000



At 31 March 2024
450,000

The 2024 valuations were made by the director based upon indicative valuation reports for the property, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
349,897
349,897

Page 5

 
26 DALE STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
-
441

-
441



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
16,323
9,617

Accruals and deferred income
3,271
4,392

19,594
14,009



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
339,238
339,238

339,238
339,238


The bank loans are secured by way of fixed charge over the investment property, floating charges over other assets held and rents receivable by the company.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due after more than 5 years

Bank loans
339,238
339,238


Page 6

 
26 DALE STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(25,026)
(19,020)


Charged to profit or loss
-
(6,006)



At end of year
(25,026)
(25,026)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Urealised gains on investment properties
25,026
25,026


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



11.


Reserves

Revaluation reserve

The revaluation reserve represents unrealised valuation gains on investment property.

Profit and loss account

The Statement of comprehensive income account represents cumulative distributable profits and losses net of dividends and other adjustments.


12.


Related party transactions

Included within other creditors are amounts owed to the director of £7,914 (2023 - £7,914).
Included within other creditors are amounts owed to the fellow shareholders of £8,409 
(2023 - £441 owed by) respectively.

 
Page 7