Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-272024-10-27The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-28falseNo description of principal activity11falsetruefalse 01809920 2023-10-28 2024-10-27 01809920 2022-10-28 2023-10-27 01809920 2024-10-27 01809920 2023-10-27 01809920 c:Director1 2023-10-28 2024-10-27 01809920 d:MotorVehicles 2023-10-28 2024-10-27 01809920 d:MotorVehicles 2024-10-27 01809920 d:MotorVehicles 2023-10-27 01809920 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-28 2024-10-27 01809920 d:OfficeEquipment 2023-10-28 2024-10-27 01809920 d:OfficeEquipment 2024-10-27 01809920 d:OfficeEquipment 2023-10-27 01809920 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-28 2024-10-27 01809920 d:OwnedOrFreeholdAssets 2023-10-28 2024-10-27 01809920 d:CurrentFinancialInstruments 2024-10-27 01809920 d:CurrentFinancialInstruments 2023-10-27 01809920 d:Non-currentFinancialInstruments 2024-10-27 01809920 d:Non-currentFinancialInstruments 2023-10-27 01809920 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-27 01809920 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-27 01809920 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-27 01809920 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-27 01809920 d:ShareCapital 2024-10-27 01809920 d:ShareCapital 2023-10-27 01809920 d:RetainedEarningsAccumulatedLosses 2023-10-28 2024-10-27 01809920 d:RetainedEarningsAccumulatedLosses 2024-10-27 01809920 d:RetainedEarningsAccumulatedLosses 2023-10-27 01809920 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-10-27 01809920 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-27 01809920 c:FRS102 2023-10-28 2024-10-27 01809920 c:AuditExempt-NoAccountantsReport 2023-10-28 2024-10-27 01809920 c:FullAccounts 2023-10-28 2024-10-27 01809920 c:PrivateLimitedCompanyLtd 2023-10-28 2024-10-27 01809920 d:HirePurchaseContracts d:WithinOneYear 2024-10-27 01809920 d:HirePurchaseContracts d:WithinOneYear 2023-10-27 01809920 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-27 01809920 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-27 01809920 2 2023-10-28 2024-10-27 01809920 6 2023-10-28 2024-10-27 01809920 d:OtherDeferredTax 2024-10-27 01809920 d:OtherDeferredTax 2023-10-27 01809920 e:PoundSterling 2023-10-28 2024-10-27 iso4217:GBP xbrli:pure

Registered number: 01809920









DEPRELL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 27 OCTOBER 2024

 
DEPRELL LIMITED
REGISTERED NUMBER: 01809920

STATEMENT OF FINANCIAL POSITION
AS AT 27 OCTOBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible fixed assets
 4 
33,994
46,033

Fixed asset investments
 5 
2,818,302
2,521,271

  
2,852,296
2,567,304

Current assets
  

Debtors: amounts falling due within one year
 6 
51,816
16,857

Bank & cash balances
  
1,233,665
853,669

  
1,285,481
870,526

Creditors: amounts falling due within one year
 7 
(289,526)
(106,836)

Net current assets
  
 
 
995,955
 
 
763,690

Total assets less current liabilities
  
3,848,251
3,330,994

Creditors: amounts falling due after more than one year
 8 
(27,812)
(35,044)

Provisions for liabilities
  

Deferred tax
 11 
(65,266)
(5,253)

  
 
 
(65,266)
 
 
(5,253)

Net assets
  
3,755,173
3,290,697


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
 12 
3,755,171
3,290,695

  
3,755,173
3,290,697


Page 1

 
DEPRELL LIMITED
REGISTERED NUMBER: 01809920
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 27 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 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 by: 




Christopher Dean
Director

Date: 17 July 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DEPRELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

1.


General information

Deprell Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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 company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises fees receivable by the company in respect of the exploitation of the services of an ice-skater supplied during the year.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.

 
2.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
on written down value
Office and training equipment
-
25%
on written down value

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 listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 
DEPRELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Debtors

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

 
2.7

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 related parties and investments in ordinary shares.
Investments in non-derivative instruments that are equity to the issuer are measured:
- at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
- at cost less impairment for all other investments.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Interest income

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

Page 4

 
DEPRELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax.

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



3.


Employees

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

Page 5

 
DEPRELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

4.


Tangible fixed assets





Motor vehicles
Office and training equipment
Total

£
£
£



Cost


At 28 October 2023
55,290
6,725
62,015


Additions
-
3,900
3,900



At 27 October 2024

55,290
10,625
65,915



Depreciation


At 28 October 2023
13,822
2,160
15,982


Charge for the year on owned assets
13,823
2,116
15,939



At 27 October 2024

27,645
4,276
31,921



Net book value



At 27 October 2024
27,645
6,349
33,994



At 27 October 2023
41,468
4,565
46,033


5.


Fixed asset investments





Investments in associates
Listed investments
Total

£
£
£



Cost or valuation


At 28 October 2023
50
2,521,221
2,521,271


Additions
-
2,141,921
2,141,921


Disposals
-
(2,084,942)
(2,084,942)


Revaluations
-
240,052
240,052



At 27 October 2024
50
2,818,252
2,818,302




Page 6

 
DEPRELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
3,600
2,949

Other debtors
6,807
8,071

Prepayments and accrued income
41,409
5,837

51,816
16,857



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,580
7,698

Corporation tax
93,980
57,107

Obligations under finance lease and hire purchase contracts
7,232
7,232

Other creditors
45,484
25,549

Accruals
128,250
9,250

289,526
106,836


Hire purchase contracts are secured on the assets to which they relate.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
27,812
35,044

27,812
35,044


Hire purchase contracts are secured on the assets to which they relate.

Page 7

 
DEPRELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
7,232
7,232

Between 1-5 years
27,812
35,044

35,044
42,276


10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,818,252
2,521,221




Financial assets measured at fair value through profit or loss comprise listed investments held as part of a portfolio.


11.


Deferred taxation




2024


£






At beginning of year
5,253


Charged to profit or loss
60,013



At end of year
65,266

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised surplus on revaulaution of listed investments
65,266
5,253

65,266
5,253

Page 8

 
DEPRELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

12.


Reserves

Profit & loss account

Included within the profit and loss account is non-distributable reserves totalling £195,799 (2023: £15,760) which represents the net unrealised surplus on the revaluation of the company's listed investments to fair value.


13.


Related party transactions

At the balance sheet date, the company owed £45,484 (2023: £25,549) to Mr C C Dean. The loan was interest free, unsecured and repayable upon demand.

 
Page 9