Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01No description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10141170 2023-10-01 2024-09-30 10141170 2022-10-01 2023-09-30 10141170 2024-09-30 10141170 2023-09-30 10141170 c:Director3 2023-10-01 2024-09-30 10141170 d:FreeholdInvestmentProperty 2024-09-30 10141170 d:FreeholdInvestmentProperty 2023-09-30 10141170 d:CurrentFinancialInstruments 2024-09-30 10141170 d:CurrentFinancialInstruments 2023-09-30 10141170 d:Non-currentFinancialInstruments 2024-09-30 10141170 d:Non-currentFinancialInstruments 2023-09-30 10141170 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10141170 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10141170 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 10141170 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10141170 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 10141170 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 10141170 d:ShareCapital 2024-09-30 10141170 d:ShareCapital 2023-09-30 10141170 d:RetainedEarningsAccumulatedLosses 2024-09-30 10141170 d:RetainedEarningsAccumulatedLosses 2023-09-30 10141170 c:OrdinaryShareClass1 2023-10-01 2024-09-30 10141170 c:OrdinaryShareClass1 2024-09-30 10141170 c:OrdinaryShareClass1 2023-09-30 10141170 c:FRS102 2023-10-01 2024-09-30 10141170 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10141170 c:FullAccounts 2023-10-01 2024-09-30 10141170 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10141170 d:OtherDeferredTax 2024-09-30 10141170 d:OtherDeferredTax 2023-09-30 10141170 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10141170









DB COMMERCIAL INVESTMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
DB COMMERCIAL INVESTMENT LIMITED
REGISTERED NUMBER: 10141170

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
700,000
700,000

  
700,000
700,000

Current assets
  

Debtors: amounts falling due within one year
 5 
251
334

Cash at bank and in hand
  
9,888
12,868

  
10,139
13,202

Creditors: amounts falling due within one year
 6 
(226,942)
(254,742)

Net current liabilities
  
 
 
(216,803)
 
 
(241,540)

Total assets less current liabilities
  
483,197
458,460

Creditors: amounts falling due after more than one year
 7 
(231,682)
(220,375)

Provisions for liabilities
  

Deferred tax
 9 
(35,949)
(16,616)

  
 
 
(35,949)
 
 
(16,616)

Net assets
  
215,566
221,469


Capital and reserves
  

Called up share capital 
 10 
1,500
1,500

Profit and loss account
  
214,066
219,969

  
215,566
221,469


Page 1

 
DB COMMERCIAL INVESTMENT LIMITED
REGISTERED NUMBER: 10141170
    
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 on 23 June 2025.




Ravinder Singh Dhami
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DB COMMERCIAL INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 10141170. The Company's registered office is Unit 3 New Inn Bridge Estate, 998 Foleshill Road, Coventry, England, CV6 6EN.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

 
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 3

 
DB COMMERCIAL INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
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 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 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 balance sheet date.


 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
DB COMMERCIAL INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 3 (2023 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
700,000



At 30 September 2024
700,000

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





5.


Debtors

2024
2023
£
£


Prepayments and accrued income
251
334

251
334


Page 5

 
DB COMMERCIAL INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,952
25,952

Trade creditors
1,959
1,967

Corporation tax
3,151
2,163

Other creditors
209,765
222,632

Accruals and deferred income
4,115
2,028

226,942
254,742


The following liabilities were secured:

2024
2023
£
£



Bank loans
6,552
24,552

6,552
24,552

Details of security provided:

Bank loans are secured against the assets of the company and contain fixed and floating charges. 


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
231,682
220,375

231,682
220,375


The following liabilities were secured:

2024
2023
£
£



Bank loans
230,748
218,042

230,748
218,042

Details of security provided:

Bank loans are secured against the assets of the company and contain fixed and floating charges.

Page 6

 
DB COMMERCIAL INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,952
25,952


7,952
25,952


Amounts falling due 2-5 years

Bank loans
231,682
220,375


231,682
220,375


239,634
246,327



9.


Deferred taxation




2024


£






At beginning of year
(16,616)


Charged to profit or loss
(19,333)



At end of year
(35,949)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movement
(35,949)
(16,616)

(35,949)
(16,616)

Page 7

 
DB COMMERCIAL INVESTMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,500 (2023 - 1,500) Ordinary shares of £1.00 each
1,500
1,500



11.


Transactions with directors

As at the balance sheet date £209,766 (2023: £222,632) was due to the directors. The loans are interest free and repayble on demand.

 
Page 8