Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The 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. 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.442024-01-01falseProperty investmenttruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05083421 2024-01-01 2024-12-31 05083421 2023-01-01 2023-12-31 05083421 2024-12-31 05083421 2023-12-31 05083421 2023-01-01 05083421 c:Director1 2024-01-01 2024-12-31 05083421 d:PlantMachinery 2024-01-01 2024-12-31 05083421 d:PlantMachinery 2024-12-31 05083421 d:PlantMachinery 2023-12-31 05083421 d:OfficeEquipment 2024-01-01 2024-12-31 05083421 d:OfficeEquipment 2024-12-31 05083421 d:OfficeEquipment 2023-12-31 05083421 d:FreeholdInvestmentProperty 2024-12-31 05083421 d:FreeholdInvestmentProperty 2023-12-31 05083421 d:CurrentFinancialInstruments 2024-12-31 05083421 d:CurrentFinancialInstruments 2023-12-31 05083421 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05083421 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05083421 d:ShareCapital 2024-12-31 05083421 d:ShareCapital 2023-12-31 05083421 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05083421 d:RetainedEarningsAccumulatedLosses 2024-12-31 05083421 d:RetainedEarningsAccumulatedLosses 2023-12-31 05083421 c:OrdinaryShareClass1 2024-01-01 2024-12-31 05083421 c:OrdinaryShareClass1 2024-12-31 05083421 c:OrdinaryShareClass1 2023-12-31 05083421 c:FRS102 2024-01-01 2024-12-31 05083421 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05083421 c:FullAccounts 2024-01-01 2024-12-31 05083421 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05083421 2 2024-01-01 2024-12-31 05083421 d:OtherDeferredTax 2024-12-31 05083421 d:OtherDeferredTax 2023-12-31 05083421 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05083421














DARTLAND PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
DARTLAND PROPERTIES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 6


 
DARTLAND PROPERTIES LIMITED
REGISTERED NUMBER:05083421

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
3,300,000
3,300,000

Current assets
  

Debtors: amounts falling due within one year
 6 
354,304
320,458

Cash at bank and in hand
  
206,732
16,492

  
561,036
336,950

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(2,607,363)
(2,356,483)

Net current liabilities
  
 
 
(2,046,327)
 
 
(2,019,533)

Total assets less current liabilities
  
1,253,673
1,280,467

Provisions for liabilities
  

Deferred tax
 8 
(12,253)
(12,253)

Net assets
  
1,241,420
1,268,214


Capital and reserves
  

Called up share capital 
 9 
102
102

Profit and loss account
 10 
1,241,318
1,268,112

  
1,241,420
1,268,214


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 on 25 June 2025.

A Doron
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
DARTLAND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Dartland Properties Limited is a private company, limited by shares, in England and Wales. Its registered office is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company during the year was that of property investment.
The functional and presentational currency of the company is £ sterling.

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

At the reporting date the Company had net current liabilities of £2,046,327 (2023 - £2,019,533). Based upon the ongoing financial support of companies under common control, the directors are satisfied the Company will have sufficient funds to be able to meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore, the directors believe that preparing the financial statements as a going concern is appropriate.

 
2.3

Turnover

Turnover comprises rent receivable, exclusive of Value Added Tax.
Turnover is recognised in the period to which it relates.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 2

 
DARTLAND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is provided on the following basis:


Plant & machinery
-
10%
straight line
Office equipment
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors, and when deemed appropriate 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.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.8

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 loans from or to related parties.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

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.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

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
Page 3

 
DARTLAND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.12
Current and deferred taxation (continued)

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.
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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The directors were the only employees of the company during the current and preceding year.


4.


Tangible fixed assets





Plant & machinery
Office equipment
Total

£
£
£



Cost


At 1 January 2024
20,683
188
20,871



At 31 December 2024

20,683
188
20,871



Depreciation


At 1 January 2024
20,683
188
20,871



At 31 December 2024

20,683
188
20,871



Net book value



At 31 December 2024
-
-
-



At 31 December 2023
-
-
-

Page 4

 
DARTLAND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
3,300,000



At 31 December 2024
3,300,000

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




6.


Debtors

2024
2023
£
£


Other debtors
1,970
3,406

Prepayments and accrued income
335,449
317,052

Tax recoverable
16,885
-

354,304
320,458



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
1,000,000
1,200,000

Trade creditors
-
6,305

Amounts owed to group undertakings
1,291,541
1,129,794

Taxation and social security
11,522
16,800

Other creditors
141,300
-

Accruals and deferred income
163,000
3,584

2,607,363
2,356,483


Page 5

 
DARTLAND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
12,253
12,253



At end of year
12,253
12,253

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value adjustments
12,253
12,253


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



102 (2023 - 102) Ordinary shares of £1 each
102
102



10.


Reserves

Profit & loss account

Included in profit and loss reserves at the reporting date are non-distributable fair value adjustments of £1,038,542 (2023 - £1,038,542).


11.


Related party transactions

At the reporting date £1,000,000 (2023 - £1,200,000) was owed to a director of the Company on which  interest of £108,000 (2023 - £84,000) was charged. The balance due is repayable on demand. 


12.


Controlling party

The company is a wholly-owned subsidiary of Sunray Estates Limited, a company registered in England and Wales, which the directors regard as the ultimate parent undertaking.

 
Page 6