Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30false22023-11-22Being a rental businessfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15304131 2023-11-21 15304131 2023-11-22 2024-11-30 15304131 2022-12-01 2023-11-21 15304131 2024-11-30 15304131 c:Director1 2023-11-22 2024-11-30 15304131 d:OfficeEquipment 2023-11-22 2024-11-30 15304131 d:OfficeEquipment 2024-11-30 15304131 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-22 2024-11-30 15304131 d:LeaseholdInvestmentProperty 2023-11-22 2024-11-30 15304131 d:LeaseholdInvestmentProperty 2024-11-30 15304131 d:CurrentFinancialInstruments 2024-11-30 15304131 d:Non-currentFinancialInstruments 2024-11-30 15304131 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 15304131 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 15304131 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 15304131 d:ShareCapital 2023-11-22 2024-11-30 15304131 d:ShareCapital 2024-11-30 15304131 d:RetainedEarningsAccumulatedLosses 2023-11-22 2024-11-30 15304131 d:RetainedEarningsAccumulatedLosses 2024-11-30 15304131 c:FRS102 2023-11-22 2024-11-30 15304131 c:AuditExempt-NoAccountantsReport 2023-11-22 2024-11-30 15304131 c:FullAccounts 2023-11-22 2024-11-30 15304131 c:PrivateLimitedCompanyLtd 2023-11-22 2024-11-30 15304131 e:PoundSterling 2023-11-22 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 15304131










DIVINE COVES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2024

 
DIVINE COVES LIMITED
REGISTERED NUMBER: 15304131

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
606

Investment property
  
358,895

  
359,501

Current assets
  

Debtors: amounts falling due within one year
 6 
25,376

Cash at bank and in hand
 7 
6

  
25,382

Creditors: amounts falling due within one year
 8 
(166,607)

Net current (liabilities)/assets
  
 
 
(141,225)

Total assets less current liabilities
  
218,276

Creditors: amounts falling due after more than one year
  
(236,815)

  

Net (liabilities)/assets
  
(18,539)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(18,639)

  
(18,539)


Page 1

 
DIVINE COVES LIMITED
REGISTERED NUMBER: 15304131
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 


Anuj Kumar
Director

Date: 5 August 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
DIVINE COVES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 NOVEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£



Loss for the period
-
(18,639)
(18,639)

Shares issued during the period
100
-
100


At 30 November 2024
100
(18,639)
(18,539)

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
DIVINE COVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.


General information

Divine Coves Limited is a private company limited by share capital, incorporated in England and Wales, registration number 15304131. The address of the registered office is 3 High Silver, Loughton, England IG10 4EL.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rent is recognised in the period it relates to.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
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.

Page 4

 
DIVINE COVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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.

 
2.6

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.

 
2.7

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.

 
2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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.

Page 5

 
DIVINE COVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


     30 November
        2024
            No.






Directors
2


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
758



At 30 November 2024

758



Depreciation


Charge for the period on owned assets
152



At 30 November 2024

152



Net book value



At 30 November 2024
606


5.


Investment property


Investment property

£



Valuation


Additions at cost
358,895



At 30 November 2024
358,895

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




Page 6

 
DIVINE COVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

6.


Debtors

2024
£


Other debtors
25,376



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
6



8.


Creditors: Amounts falling due within one year

2024
£

Other creditors
164,807

Accruals and deferred income
1,800

166,607



9.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
236,815

236,815


The following liabilities were secured:

2024
£



Bank loans
236,815

236,815

Details of security provided:

The bank loans are secured on the investment properties of the company.

Page 7

 
DIVINE COVES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
£



Amounts falling due 2-5 years

Bank loans
236,815


236,815



11.


Related party transactions

Included in creditors is an amount of £162,156 due to the directors of the company.

 
Page 8