Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01false2truetruefalse 14295490 2023-09-01 2024-08-31 14295490 2022-08-15 2023-08-31 14295490 2024-08-31 14295490 2023-08-31 14295490 c:Director1 2023-09-01 2024-08-31 14295490 d:CurrentFinancialInstruments 2024-08-31 14295490 d:CurrentFinancialInstruments 2023-08-31 14295490 d:Non-currentFinancialInstruments 2024-08-31 14295490 d:Non-currentFinancialInstruments 2023-08-31 14295490 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14295490 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14295490 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 14295490 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 14295490 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 14295490 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 14295490 d:ShareCapital 2023-09-01 2024-08-31 14295490 d:ShareCapital 2024-08-31 14295490 d:ShareCapital 2022-08-15 2023-08-31 14295490 d:ShareCapital 2023-08-31 14295490 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 14295490 d:RetainedEarningsAccumulatedLosses 2024-08-31 14295490 d:RetainedEarningsAccumulatedLosses 2022-08-15 2023-08-31 14295490 d:RetainedEarningsAccumulatedLosses 2023-08-31 14295490 c:OrdinaryShareClass1 2023-09-01 2024-08-31 14295490 c:OrdinaryShareClass1 2024-08-31 14295490 c:OrdinaryShareClass1 2023-08-31 14295490 c:FRS102 2023-09-01 2024-08-31 14295490 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14295490 c:FullAccounts 2023-09-01 2024-08-31 14295490 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14295490 e:PoundSterling 2023-09-01 2024-08-31 14295490 d:KeyManagementIndividualGroup1 2023-09-01 2024-08-31 14295490 d:KeyManagementIndividualGroup1 2024-08-31 14295490 d:KeyManagementIndividualGroup1 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14295490










DOD STREET HOMES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
DOD STREET HOMES LTD
REGISTERED NUMBER: 14295490

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
27,372,559
13,971,912

Debtors: amounts falling due within one year
 5 
11,966
10,669

Cash at bank and in hand
 6 
39,359
65,332

  
27,423,884
14,047,913

Creditors: amounts falling due within one year
 7 
(27,226,645)
(7,966,676)

Net current assets
  
 
 
197,239
 
 
6,081,237

Total assets less current liabilities
  
197,239
6,081,237

Creditors: amounts falling due after more than one year
 8 
(287,032)
(6,119,056)

Net liabilities
  
(89,793)
(37,819)


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
(89,795)
(37,821)

  
(89,793)
(37,819)


Page 1

 
DOD STREET HOMES LTD
REGISTERED NUMBER: 14295490
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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: 




................................................
N Mason
Director

Date: 21 July 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
DOD STREET HOMES LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period
-
(37,821)
(37,821)
Total comprehensive income for the period
-
(37,821)
(37,821)


Contributions by and distributions to owners

Shares issued during the period
2
-
2


Total transactions with owners
2
-
2



At 1 September 2023
2
(37,821)
(37,819)


Comprehensive income for the year

Loss for the year
-
(51,974)
(51,974)
Total comprehensive income for the year
-
(51,974)
(51,974)


At 31 August 2024
2
(89,795)
(89,793)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
DOD STREET HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Dod Street Homes Ltd is a private company, limited by shares, incorporated and registered in England and Wales. The registered office is Manderley Lower South Park, South Godstone, Godstone, Surrey, RH9 8LF. The Company's registered number is 14295490.
The financial statements are presented for the year to 31 August 2024 and the comparatives cover the preceding period from incorporation on 15 August 2022 to 31 August 2023. 

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

Going concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate based on the stage of construction and assessments surrounding the feasibility of the project. The directors are satisfied that the Company has access to sufficient funds to meet its liabilities as they fall due for the foreseeable future.
The shareholders have also expressed their willingness to provide financial support to the Company for a period of at least 12 months from approval of the financial statements in the event this should be required. 

 
2.3

Borrowing costs

All borrowing costs directly attributable to the construction of a qualifying asset are capitalised as part of the cost of the asset. 
The amount of general borrowings eligible for capitalisation are determined by applying a capitalisation rate to the expenditure on the qualifying asset. Remaining borrowing costs are expensed in the profit and loss in the period incurred.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
DOD STREET HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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

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

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.


3.


Employees




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


4.


Stocks

2024
2023
£
£

Work in progress (properties in course of development prior to sale)
27,372,559
13,971,912


Included within work in progress is £1,566,847 (2023: £629,916) of directly attributable borrowing costs incurred to date, in relation to the development of a qualifying asset (the properties). All borrowing costs incurred in the period have been capitalised.


5.


Debtors

2024
2023
£
£

Other debtors
11,966
10,669


Page 5

 
DOD STREET HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
39,359
65,332



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans (see note 9)
19,332,543
-

Trade creditors
-
15,143

Amounts owed to other participating interests
7,338,488
7,342,488

Other creditors
64
8,948

Accruals and deferred income
555,550
600,097

27,226,645
7,966,676



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans (see note 9)
-
6,043,574

Other creditors
287,032
75,482

287,032
6,119,056


Page 6

 
DOD STREET HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
19,332,543
-

Amounts falling due 1-2 years

Other loans
-
6,043,574

19,332,543
6,043,574


The loan facility is provided by Pollen Street plc and Downing Development Lending Limited and is secured on a piece of freehold land included in stock (13-15 Dod Street, London, E14 7EP). 
Interest is charged on amounts utilised at a fixed rate of 8.25% per annum. Interest compounds and is capitalised on a monthly basis. The repayment date for this loan in full is 18 April 2025. This loan was refinanced post year end. 


10.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



11.


Capital commitments

At the reporting date, the company has a contractual liability of approximately £1,818,561 related to construction works committed to but not yet provided. 


12.


Related party transactions

During the period, £150,000 was provided to the Company as a shareholder loan from Blueleaf Developments Limited. Repayments of £152,000 were made so that as at 31 August 2024, the amount owed to Blueleaf Developments Limited was £3,669,244 (2023: £3,671,244). 

During the period, £150,000 was provided to the Company as a shareholder loan from Leapastute Limited. Repayments of £152,000 were made so that as at 31 August 2024, the amount owed to Leapastute Limited was £3,669,244 (2023: £3,671,244). 
All amounts are interest free and repayable on demand.  

 
Page 7