Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activity12024-01-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC312878 2024-01-01 2024-12-31 SC312878 2023-01-01 2023-12-31 SC312878 2024-12-31 SC312878 2023-12-31 SC312878 c:CompanySecretary1 2024-01-01 2024-12-31 SC312878 c:Director1 2024-01-01 2024-12-31 SC312878 c:Director2 2024-01-01 2024-12-31 SC312878 c:RegisteredOffice 2024-01-01 2024-12-31 SC312878 d:OfficeEquipment 2024-01-01 2024-12-31 SC312878 d:OfficeEquipment 2024-12-31 SC312878 d:OfficeEquipment 2023-12-31 SC312878 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC312878 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 SC312878 d:FreeholdInvestmentProperty 2024-12-31 SC312878 d:FreeholdInvestmentProperty 2023-12-31 SC312878 d:CurrentFinancialInstruments 2024-12-31 SC312878 d:CurrentFinancialInstruments 2023-12-31 SC312878 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC312878 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC312878 d:ShareCapital 2024-12-31 SC312878 d:ShareCapital 2023-12-31 SC312878 d:RevaluationReserve 2024-12-31 SC312878 d:RevaluationReserve 2023-12-31 SC312878 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC312878 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC312878 c:OrdinaryShareClass1 2024-01-01 2024-12-31 SC312878 c:OrdinaryShareClass1 2024-12-31 SC312878 c:OrdinaryShareClass1 2023-12-31 SC312878 c:FRS102 2024-01-01 2024-12-31 SC312878 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC312878 c:FullAccounts 2024-01-01 2024-12-31 SC312878 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC312878 5 2024-01-01 2024-12-31 SC312878 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC312878










DWC BUILDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
DWC BUILDINGS LIMITED
 

COMPANY INFORMATION


Directors
Mr D W Cullen 
Mrs L K Cullen 




Company secretary
Mrs L Cullen



Registered number
SC312878



Registered office
1 East Albert Road
Kirkcaldy

Fife

KY1 1HJ




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
DWC BUILDINGS LIMITED
REGISTERED NUMBER: SC312878

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
7,681
10,101

Investment property
 5 
5,206,110
5,200,000

  
5,213,791
5,210,101

Current assets
  

Debtors: amounts falling due within one year
 6 
17,416
54,585

Cash at bank and in hand
  
113,115
16,334

  
130,531
70,919

Creditors: amounts falling due within one year
 7 
(3,627,648)
(3,645,330)

Net current liabilities
  
 
 
(3,497,117)
 
 
(3,574,411)

Total assets less current liabilities
  
1,716,674
1,635,690

Provisions for liabilities
  

Deferred tax
  
(53,387)
(45,187)

  
 
 
(53,387)
 
 
(45,187)

Net assets
  
1,663,287
1,590,503


Capital and reserves
  

Called up share capital 
 8 
1
1

Revaluation reserve
  
1,375,917
1,375,917

Profit and loss account
  
287,369
214,585

  
1,663,287
1,590,503


Page 1

 
DWC BUILDINGS LIMITED
REGISTERED NUMBER: SC312878

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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: 




Mr D W Cullen
Director

Date: 27 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DWC BUILDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


Company information

DWC Buildings Limited is a private company limited by shares incorporated in Scotland with registration number SC312878. The registered office is 1 East Albert Road, Kirkcaldy, Fife, KY1 1HJ.
The Company's functional and presentational currency is GBP.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors acknowledge that the company has net current liabilities. The entity is supported by its parent undertaking, DWC (Scotland) Limited, which has pledged support via financial assistance and the purchase and/or transfer of investment property as the directors deem appropriate. It is the opinion of the directors and ultimate controlling party, that DWC (Scotland) Limited will not require repayment within 12 months of the balance sheet date.
These financial statements have been prepared on a going concern basis.

 
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Page 3

 
DWC BUILDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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 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.


 
2.5

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.

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.

Depreciation is provided on the following basis:

Office equipment
-
20%

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.

Page 4

 
DWC BUILDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Tangible fixed assets





Office and computer equipment

£



Cost or valuation


At 1 January 2024
10,101



At 31 December 2024

10,101



Depreciation


Charge for the year on owned assets
2,420



At 31 December 2024

2,420



Net book value



At 31 December 2024
7,681



At 31 December 2023
10,101

Page 5

 
DWC BUILDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
5,200,000


Additions at cost
6,110



At 31 December 2024
5,206,110

The directors have reviewed the carrying value of the investment properties and, in their opinion, it is representative of its fair market value.








6.


Debtors

2024
2023
£
£


Trade debtors
4,419
52,149

Other debtors
5,061
-

Prepayments and accrued income
7,936
2,436

17,416
54,585



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,924
5,884

Amounts owed to group undertakings
3,568,885
3,583,342

Other taxation and social security
14,571
16,463

Other creditors
6,833
6,833

Accruals and deferred income
32,435
32,808

3,627,648
3,645,330


Page 6

 
DWC BUILDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


Related party transactions

The company has chosen to take the exemption available under FRS 102 not to disclose related party transactions within two or more members of a wholly owned group.                                                           


10.


Parent company

The ultimate parent undertaking is DWC (Scotland) Limited, a company registered in Scotland. SC312322. Its registered office address is 1 East Albert Road, Kirkcaldy, Fife, KY1 1HJ. The ultimate controlling party is Mrs L Cullen, by virtue of her shareholding in DWC (Scotland) Limited.


Page 7