Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-08276000027300002025-05-0112023-11-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10817295 2023-11-01 2024-10-31 10817295 2022-11-01 2023-10-31 10817295 2024-10-31 10817295 2023-10-31 10817295 2 2023-11-01 2024-10-31 10817295 d:Director1 2023-11-01 2024-10-31 10817295 e:PlantMachinery 2023-11-01 2024-10-31 10817295 e:PlantMachinery 2024-10-31 10817295 e:PlantMachinery 2023-10-31 10817295 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10817295 e:FreeholdInvestmentProperty 2024-10-31 10817295 e:FreeholdInvestmentProperty 2023-10-31 10817295 e:FreeholdInvestmentProperty 2 2023-11-01 2024-10-31 10817295 e:LeaseholdInvestmentProperty 2024-10-31 10817295 e:LeaseholdInvestmentProperty 2023-10-31 10817295 e:LeaseholdInvestmentProperty 2 2023-11-01 2024-10-31 10817295 e:CurrentFinancialInstruments 2024-10-31 10817295 e:CurrentFinancialInstruments 2023-10-31 10817295 e:CurrentFinancialInstruments e:WithinOneYear 2024-10-31 10817295 e:CurrentFinancialInstruments e:WithinOneYear 2023-10-31 10817295 e:Non-currentFinancialInstruments e:AfterOneYear 2024-10-31 10817295 e:Non-currentFinancialInstruments e:AfterOneYear 2023-10-31 10817295 e:ShareCapital 2024-10-31 10817295 e:ShareCapital 2023-10-31 10817295 e:RevaluationReserve 2024-10-31 10817295 e:RevaluationReserve 2023-10-31 10817295 e:RetainedEarningsAccumulatedLosses 2024-10-31 10817295 e:RetainedEarningsAccumulatedLosses 2023-10-31 10817295 d:FRS102 2023-11-01 2024-10-31 10817295 d:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10817295 d:FullAccounts 2023-11-01 2024-10-31 10817295 d:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10817295 6 2023-11-01 2024-10-31 10817295 f:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 10817295










Duneagle Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 October 2024

 
Duneagle Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Duneagle Limited for the year ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Duneagle Limited for the year ended 31 October 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Duneagle Limited in accordance with the terms of our engagement letter dated 29 March 2022Our work has been undertaken solely to prepare for your approval the financial statements of Duneagle Limited and state those matters that we have agreed to state to the director of Duneagle Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Duneagle Limited and its director for our work or for this report. 

It is your duty to ensure that Duneagle Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Duneagle Limited. You consider that Duneagle Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Duneagle Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
8 May 2025
Page 1

 
Duneagle Limited
Registered number: 10817295

Balance sheet
As at 31 October 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,246
1,456

Investments
 5 
44,811
24,814

Investment property
 6 
1,380,000
1,365,000

  
1,426,057
1,391,270

Current assets
  

Debtors: amounts falling due within one year
  
3,730
6,386

Cash at bank and in hand
 8 
35,007
42,166

  
38,737
48,552

Creditors: amounts falling due within one year
 9 
(161,139)
(100,094)

Net current liabilities
  
 
 
(122,402)
 
 
(51,542)

Total assets less current liabilities
  
1,303,655
1,339,728

Creditors: amounts falling due after more than one year
  
(1,277,496)
(1,321,713)

Provisions for liabilities
  

Deferred Taxation
  
6,676
5,365

  
 
 
6,676
 
 
5,365

Net assets
  
32,835
23,380


Capital and reserves
  

Called up share capital 
  
1
1

Revaluation reserve
  
(2,066)
(18,377)

Profit And Loss Account
  
34,900
41,756

  
32,835
23,380


Page 2

 
Duneagle Limited
Registered number: 10817295

Balance sheet (continued)
As at 31 October 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 1 May 2025.




N O C Ferrier
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
Duneagle Limited
 

 
Notes to the financial statements
For the year ended 31 October 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales.
The registered office is:
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
The principal place of business is:
Jackson-Stops
Market Square
Midhurst
West Sussex
GU29 9NJ

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

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.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, 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.

Page 4

 
Duneagle Limited
 

 
Notes to the financial statements
For the year ended 31 October 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Plant and machinery
-
10
Years

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as
Page 5

 
Duneagle Limited
 

 
Notes to the financial statements
For the year ended 31 October 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

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.

 
2.8

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.

 
2.9

Borrowing costs

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

 
2.10

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.

Page 6

 
Duneagle Limited
 

 
Notes to the financial statements
For the year ended 31 October 2024

2.Accounting policies (continued)

 
2.11

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.


 
2.12

Investment property

Investment property is carried at fair value determined annually by internal 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 7

 
Duneagle Limited
 

 
Notes to the financial statements
For the year ended 31 October 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 November 2023
2,100



At 31 October 2024

2,100



Depreciation


At 1 November 2023
644


Charge for the year on owned assets
210



At 31 October 2024

854



Net book value



At 31 October 2024
1,246



At 31 October 2023
1,456


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 November 2023
24,814


Additions
19,997



At 31 October 2024
44,811




Page 8

 
Duneagle Limited
 

 
Notes to the financial statements
For the year ended 31 October 2024

6.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 November 2023
450,000
915,000
1,365,000


Surplus on revaluation
35,000
(20,000)
15,000



At 31 October 2024
485,000
895,000
1,380,000

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





7.


Debtors

2024
2023
£
£


Trade debtors
500
300

Prepayments and accrued income
3,230
6,086

Deferred taxation
6,676
5,365

10,406
11,751



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
35,007
42,166

35,007
42,166



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
224
-

Corporation tax
-
1,553

Other creditors
152,268
78,500

Accruals and deferred income
8,647
20,041

161,139
100,094


Page 9

 
Duneagle Limited
 

 
Notes to the financial statements
For the year ended 31 October 2024

10.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 paragraph 33.1A from disclosing transactions with members of the group.


11.


Controlling party

At the balance sheet date, the immediate parent company was Owen Campbell Holdings Limited, a company incorporated in England and Wales, company registration number 10790013. The registered office of Owen Campbell Holdings Limited is 9 Donnington Park, 85 Birdham Road, Chichester, United Kingdom, PO20 7AJ.


Page 10