Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312023-11-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01330324 2023-11-01 2024-10-31 01330324 2022-11-01 2023-10-31 01330324 2024-10-31 01330324 2023-10-31 01330324 c:CompanySecretary1 2023-11-01 2024-10-31 01330324 c:Director1 2023-11-01 2024-10-31 01330324 c:Director2 2023-11-01 2024-10-31 01330324 c:RegisteredOffice 2023-11-01 2024-10-31 01330324 d:FreeholdInvestmentProperty 2024-10-31 01330324 d:FreeholdInvestmentProperty 2023-10-31 01330324 d:CurrentFinancialInstruments 2024-10-31 01330324 d:CurrentFinancialInstruments 2023-10-31 01330324 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 01330324 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 01330324 d:ShareCapital 2024-10-31 01330324 d:ShareCapital 2023-10-31 01330324 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 01330324 d:RetainedEarningsAccumulatedLosses 2024-10-31 01330324 d:RetainedEarningsAccumulatedLosses 2023-10-31 01330324 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 01330324 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 01330324 d:OtherDeferredTax 2024-10-31 01330324 d:OtherDeferredTax 2023-10-31 01330324 c:FRS102 2023-11-01 2024-10-31 01330324 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 01330324 c:FullAccounts 2023-11-01 2024-10-31 01330324 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01330324 6 2023-11-01 2024-10-31 01330324 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 01330324










DATAGRADE LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




















 
DATAGRADE LIMITED
 
 
Company Information


Directors
D A Peters 
J E Ballerini 




Company secretary
D A Peters



Registered number
01330324



Registered office
3rd Floor
12 Gough Square

London

United Kingdom

EC4A 3DW





 
DATAGRADE LIMITED
Registered number: 01330324

Balance Sheet
As at 31 October 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
391,909
349,821

Investment property
 5 
2,775,000
2,775,000

  
3,166,909
3,124,821

Current assets
  

Debtors: amounts falling due within one year
 6 
31,254
4

Cash at bank and in hand
  
310,200
292,583

  
341,454
292,587

Creditors: amounts falling due within one year
 7 
(259,975)
(158,624)

Net current assets
  
 
 
81,479
 
 
133,963

Total assets less current liabilities
  
3,248,388
3,258,784

Provisions for liabilities
  

Deferred tax
 8 
(496,629)
(646,936)

  
 
 
(496,629)
 
 
(646,936)

Net assets
  
2,751,759
2,611,848


Capital and reserves
  

Called up share capital 
  
64
64

Profit and loss account
 9 
2,751,695
2,611,784

  
2,751,759
2,611,848


Page 1

 
DATAGRADE LIMITED
Registered number: 01330324
    
Balance Sheet (continued)
As at 31 October 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 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 on 15 July 2025.




J E Ballerini
Director

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

Page 2

 
DATAGRADE LIMITED
   
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2024

1.


General information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 01330324). The address of its registered office is 3rd Floor, 12 Gough Square, London, United Kingdom, EC4A 3DW.

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 represents rental income receivable during the period, excluding discounts, value added tax and other sales taxes.

 
2.3

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.

 
2.4

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 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.


Page 3

 
DATAGRADE LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually and valuations are 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

Valuation of investments

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

 
2.7

Debtors

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

 
2.8

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. 

 
2.9

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.

 
2.10

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.


3.


Employees

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

Page 4

 
DATAGRADE LIMITED
   
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2024

4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 November 2023
349,821


Additions
355


Revaluations
41,733



At 31 October 2024
391,909





5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
2,775,000



At 31 October 2024
2,775,000

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
155,720
155,720

155,720
155,720

Page 5

 
DATAGRADE LIMITED
   
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2024

6.


Debtors

2024
2023
£
£


Trade debtors
31,250
-

Other debtors
4
4

31,254
4



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
26,165
25,792

Other creditors
203,266
102,288

Accruals and deferred income
30,544
30,544

259,975
158,624


Included within other creditors is £203,266 (2023: £102,288) owed to shareholders of the company.

Page 6

 
DATAGRADE LIMITED
   
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2024

8.


Deferred taxation




2024


£






At beginning of year
(646,936)


Charged to profit or loss
150,307



At end of year
(496,629)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gains on listed investments
(29,567)
(23,192)

Revaluation of investment property
(467,061)
(623,744)

(496,628)
(646,936)


9.


Reserves

Profit & loss account

Included within profit and loss reserves are undistributable amounts relating to property revaluations amounting to £1,401,182 (2023: £1,871,231).


10.


Related party transactions

During the year the shareholders received dividends of £139,378 (2023: nil).

 
Page 7