Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-301No description of principal activity2023-12-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02868744 2023-12-01 2024-11-30 02868744 2022-12-01 2023-11-30 02868744 2024-11-30 02868744 2023-11-30 02868744 c:Director1 2023-12-01 2024-11-30 02868744 d:CurrentFinancialInstruments 2024-11-30 02868744 d:CurrentFinancialInstruments 2023-11-30 02868744 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 02868744 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02868744 d:ShareCapital 2024-11-30 02868744 d:ShareCapital 2023-11-30 02868744 d:RetainedEarningsAccumulatedLosses 2024-11-30 02868744 d:RetainedEarningsAccumulatedLosses 2023-11-30 02868744 c:FRS102 2023-12-01 2024-11-30 02868744 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 02868744 c:FullAccounts 2023-12-01 2024-11-30 02868744 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 02868744 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 02868744 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 02868744 2 2023-12-01 2024-11-30 02868744 6 2023-12-01 2024-11-30 02868744 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 02868744










DRIFTCOURT LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
DRIFTCOURT LIMITED
REGISTERED NUMBER:02868744

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,303,655
1,075,269

  
1,303,655
1,075,269

Current assets
  

Cash at bank and in hand
 5 
50,505
20,584

  
50,505
20,584

Creditors: amounts falling due within one year
 6 
(4,174)
(6,300)

Net current assets
  
 
 
46,331
 
 
14,284

Provisions for liabilities
  

Deferred tax
 7 
(34,663)
-

  
 
 
(34,663)
 
 
-

Net assets
  
1,315,323
1,089,553


Capital and reserves
  

Called up share capital 
  
212,000
212,000

Profit and loss account
  
1,103,323
877,553

  
1,315,323
1,089,553


Page 1

 
DRIFTCOURT LIMITED
REGISTERED NUMBER:02868744
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 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 on 6 August 2025.


C Z Curtis
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
DRIFTCOURT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Driftcourt Limited is a private company, limited by shares, registered in England and Wales, registration number 02868744. The registered office and principal place of business is 43 Chester Row, London, SW1W 8JL.
The company's principal activity is now an investment company. 
The functional and presentational currency is GBP.

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

Income from fixed assets investments

Income from fixed asset investments represents dividend income received from investments and is recognised as received. 

 
2.3

Interest income

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

 
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 reporting date in the countries where the Company operates and generates income.


 
2.5

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.

 
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. 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.

Page 3

 
DRIFTCOURT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2023 - £NIL).


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 December 2023
1,075,268


Additions
280,389


Disposals
(238,313)


Revaluations
186,311



At 30 November 2024
1,303,655





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
50,505
20,584


Page 4

 
DRIFTCOURT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
3,000

Accruals and deferred income
4,174
3,300

4,174
6,300



7.


Deferred taxation




2024


£






Charged to profit or loss
(34,663)



At end of year
(34,663)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Unrealised gains on fixed asset investments
(34,663)
-

(34,663)
-

Page 5