Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30falsefalseNo description of principal activityfalse2023-10-0122trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12185112 2023-10-01 2024-09-30 12185112 2022-10-01 2023-09-30 12185112 2024-09-30 12185112 2023-09-30 12185112 c:Director1 2023-10-01 2024-09-30 12185112 d:FreeholdInvestmentProperty 2024-09-30 12185112 d:FreeholdInvestmentProperty 2023-09-30 12185112 d:CurrentFinancialInstruments 2024-09-30 12185112 d:CurrentFinancialInstruments 2023-09-30 12185112 d:Non-currentFinancialInstruments 2024-09-30 12185112 d:Non-currentFinancialInstruments 2023-09-30 12185112 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 12185112 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 12185112 c:FRS102 2023-10-01 2024-09-30 12185112 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12185112 c:FullAccounts 2023-10-01 2024-09-30 12185112 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12185112 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12185112









DAP PROPERTY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
DAP PROPERTY LTD
REGISTERED NUMBER: 12185112

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
£
£


Fixed assets
692,477
692,477

Current assets
2,274
2,522

Creditors: amounts falling due within one year
(149,365)
(166,497)

Net current liabilities
 
 
(147,091)
 
 
(163,975)

Total assets less current liabilities
545,386
528,502

Creditors: amounts falling due after more than one year
(496,958)
(496,958)


Net assets
48,428
31,544



Capital and reserves
48,428
31,544


Page 1

 
DAP PROPERTY LTD
REGISTERED NUMBER: 12185112
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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: 




................................................
Paul Woolard
Director

Date: 23 June 2025

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

Page 2

 
DAP PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

DAP Property Ltd is a private company limited by shares and is incorporated and domiciled in England and Wales, registration number 12185112. The registered office is 21 Biggs Grove Road, Cheshunt, Waltham Cross, England, EN7 6XX.

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

Revenue recognition

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 and other sales taxes.
Revenue comprises rental income, service charges and other sums receivable from the investment properties. Other sums comprise insurance charges, supplies of utilities, premia associated with surrender of tenancies, commissions, fees and other sundry income.
All the properties are leased out under operating leases and are included in investment property in the balance sheet. Rental income from operating leases is recognised in the profit or loss on a straight-line basis over the lease term. Rent received in advance is deferred in the balance sheet and recognised in the period to which it relates to. If the company provides incentives to its customers the incentives are recognised over the lease term on a straight-line basis.
Service charges and other sums receivable from tenants are recognised on an accruals basis by reference to the stage of completion of the relevant service or transactions at the reporting date. These services generally relate to a 12-month period.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
DAP PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

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 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 profit or loss.

 
2.7

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.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
DAP PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
692,477



At 30 September 2024
692,477

The 2024 valuations were made by director, on an open market value for existing use basis.



At 30 September 2024



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
692,477
692,477

692,477
692,477


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,274
2,522

2,274
2,522



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
3,961
4,093

Other creditors
144,504
161,504

Accruals and deferred income
900
900

149,365
166,497


Page 5

 
DAP PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
496,958
496,958

496,958
496,958



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 1 year

Bank loans
496,958
496,958

496,958
496,958

496,958
496,958


 
Page 6