Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC734740 2023-07-01 2024-06-30 SC734740 2022-06-07 2023-06-30 SC734740 2024-06-30 SC734740 2023-06-30 SC734740 1 2023-07-01 2024-06-30 SC734740 d:Director1 2023-07-01 2024-06-30 SC734740 c:FreeholdInvestmentProperty 2024-06-30 SC734740 c:FreeholdInvestmentProperty 2023-06-30 SC734740 c:CurrentFinancialInstruments 2024-06-30 SC734740 c:CurrentFinancialInstruments 2023-06-30 SC734740 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 SC734740 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 SC734740 c:ShareCapital 2024-06-30 SC734740 c:ShareCapital 2023-06-30 SC734740 c:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 SC734740 c:RetainedEarningsAccumulatedLosses 2024-06-30 SC734740 c:RetainedEarningsAccumulatedLosses 2023-06-30 SC734740 d:OrdinaryShareClass1 2023-07-01 2024-06-30 SC734740 d:OrdinaryShareClass1 2024-06-30 SC734740 d:OrdinaryShareClass1 2023-06-30 SC734740 d:FRS102 2023-07-01 2024-06-30 SC734740 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC734740 d:FullAccounts 2023-07-01 2024-06-30 SC734740 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC734740 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC734740









DRISTERNAN PROPERTY SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
DRISTERNAN PROPERTY SOLUTIONS LTD
REGISTERED NUMBER: SC734740

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
390,638
390,638

  
390,638
390,638

Current assets
  

Debtors: amounts falling due within one year
 5 
100
107,960

Cash at bank and in hand
 6 
185,586
34,230

  
185,686
142,190

Creditors: amounts falling due within one year
 7 
(533,418)
(510,487)

Net current liabilities
  
 
 
(347,732)
 
 
(368,297)

Total assets less current liabilities
  
42,906
22,341

Net assets
  
42,906
22,341


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
42,806
22,241

  
42,906
22,341


Page 1

 
DRISTERNAN PROPERTY SOLUTIONS LTD
REGISTERED NUMBER: SC734740
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

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 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 by: 




S Anderson
Director

Date: 2 June 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DRISTERNAN PROPERTY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Dristernan Property Solutions Ltd (the 'Company') is a private Company limited by shares, registered and incorporated in England and Wales. The Company's registered number is SC734740. The Company's registered office is Forvis Mazars LLP 2nd Floor, 100 Queen Street, Glasgow, United Kingdom, G1 3DN.
The principal activity of the Company is letting and operating own real estate.
The Company was incorporated on 7 June 2022 and commenced trading on 1 July 2022.
These financial statements have been presented in Pound Sterling (£) as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.

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

Having considered the aforementioned, and after making enquiries, the Directors have a reasonable expectation that the Company had adequate resources to continue in operational existence for the foreseeable future, a period of atleast 12 months from the signing of these financial statements. Accordingly, the Company continues to adopt going concern basis in preparing the financial statements.

 
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:

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 3

 
DRISTERNAN PROPERTY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Interest payable and similar expenses

Interest payable and similar expenses 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.

 
2.5

Taxation

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 reporting 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 Comprehensive Income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, 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.


3.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration.





Page 4

 
DRISTERNAN PROPERTY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
390,638



At 30 June 2024
390,638

The investment property was acquired during the prior year on an open market value, this has been reviewed by the Directors of the Company and is considered to be appropriate at the year end.





5.


Debtors

2024
2023
£
£

Other debtors
-
74,860

Called up share capital not paid
100
100

Accrued income
-
33,000

100
107,960



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
185,586
34,230


Page 5

 
DRISTERNAN PROPERTY SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to related undertakings (note 11)
500,000
500,000

Corporation tax
11,209
5,432

Other taxation and social security
11,677
-

Accruals and deferred income
10,532
5,055

533,418
510,487


Amounts owed to related undertakings are interest free, unsecured and are repayable on demand.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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

The Company has one class of ordinary shares on which carry voting rights but no right to fixed income.



9.


Reserves

Profit and loss account

The profit and loss account reserve represents accumulated profits and losses of the Company, less the payment of dividends.


10.


Related party transactions

During the prior period, a loan amount of £500,000 was received from Diona Holdings Limited, a Company related through common Directors and ownership. This remains outstanding.
The loan was interest free, unsecured and repayable on demand.


11.


Events subsequent to the reporting date

There are no events subsequent to the reporting date that require disclosure in these financial statements.


12.


Controlling party

The Company is controlled by the Directors by virtue of their shareholding.

Page 6