Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false3true2024-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity3false 14527217 2024-01-01 2024-12-31 14527217 2022-12-07 2023-12-31 14527217 2024-12-31 14527217 2023-12-31 14527217 1 2024-01-01 2024-12-31 14527217 d:Director1 2024-01-01 2024-12-31 14527217 c:CurrentFinancialInstruments 2024-12-31 14527217 c:CurrentFinancialInstruments 2023-12-31 14527217 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 14527217 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 14527217 c:ShareCapital 2024-12-31 14527217 c:ShareCapital 2023-12-31 14527217 c:RetainedEarningsAccumulatedLosses 2024-12-31 14527217 c:RetainedEarningsAccumulatedLosses 2023-12-31 14527217 d:OrdinaryShareClass1 2024-01-01 2024-12-31 14527217 d:OrdinaryShareClass1 2024-12-31 14527217 d:OrdinaryShareClass1 2023-12-31 14527217 d:FRS102 2024-01-01 2024-12-31 14527217 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14527217 d:FullAccounts 2024-01-01 2024-12-31 14527217 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14527217 2 2024-01-01 2024-12-31 14527217 6 2024-01-01 2024-12-31 14527217 e:Euro 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 14527217












DOIRE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


 
REGISTERED NUMBER:14527217
DOIRE LTD

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note

Fixed assets
  

Investments
 4 
7,832,790
7,521,053

Current assets
  

Debtors: amounts falling due within one year
 5 
-
35

Cash at bank and in hand
  
5,550
10,916

Creditors: amounts falling due within one year
 6 
(23,963)
(3,728)

Net current (liabilities)/assets
  
 
 
(18,413)
 
 
7,223

Net assets
  
7,814,377
7,528,276


Capital and reserves
  

Called up share capital 
 7 
7,882,118
7,581,211

Profit and loss account
  
(67,741)
(52,935)

  
7,814,377
7,528,276


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 profit and loss account 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: 




E C Blagbrough
Director

Date: 5 June 2025

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

Page 1

 

DOIRE LTD

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

1.


General information

Doire Ltd is a private company limited by shares incorporated in England and Wales. The principal activity is venture and development of capital companies. The address of its registered office is 16 Great Queen Street, London, England, WC2B 5AH.
The financial statements are presented in Euro (€), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the monthly average  exchange rates for the respective month of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Interest income

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

 
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.

 
2.5

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 profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

Page 2

 

DOIRE LTD

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

2.Accounting policies (continued)


2.7

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

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 deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

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

Page 3

 

DOIRE LTD

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

2.Accounting policies (continued)





Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 

DOIRE LTD

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

4.


Fixed asset investments





Unlisted investments




Cost


At 1 January 2024
7,521,053


Additions
311,737



At 31 December 2024
7,832,790





5.


Debtors

2024
2023


Other debtors
-
35



6.


Creditors: amounts falling due within one year

2024
2023

Other creditors
18,608
-

Accruals
5,355
3,728

23,963
3,728



7.


Share capital

2024
2023
Allotted, called up and fully paid



68,415,222 (2023 - 65,803,410) Ordinary shares of 0.115210 each
7,882,118
7,581,211


The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the company.

Page 5

 

DOIRE LTD

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

8.
Related party transactions


Transactions with  (other) related parties are as follows:




Relationship

Transaction

Amount
Amount due (to)/from related parties




2024
 
2023 
2024 
2023 




 
 
 
 



Directors
Loans
-
35
-
(35)


Amounts owed to related parties are unsecured, interest free and due for repayment within one year.


9.


Post balance sheet events

The directors have a reasonable expectation to close the Company within a period of at least twelve months from the date these financial statements were approved.

 
Page 6