Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseNo 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 11085424 2023-12-01 2024-11-30 11085424 2022-12-01 2023-11-30 11085424 2024-11-30 11085424 2023-11-30 11085424 c:Director1 2023-12-01 2024-11-30 11085424 d:FreeholdInvestmentProperty 2023-12-01 2024-11-30 11085424 d:FreeholdInvestmentProperty 2024-11-30 11085424 d:FreeholdInvestmentProperty 2023-11-30 11085424 d:FreeholdInvestmentProperty 2 2023-12-01 2024-11-30 11085424 d:CurrentFinancialInstruments 2024-11-30 11085424 d:CurrentFinancialInstruments 2023-11-30 11085424 d:Non-currentFinancialInstruments 2024-11-30 11085424 d:Non-currentFinancialInstruments 2023-11-30 11085424 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11085424 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11085424 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 11085424 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11085424 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-11-30 11085424 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 11085424 d:ShareCapital 2024-11-30 11085424 d:ShareCapital 2023-11-30 11085424 d:RevaluationReserve 2024-11-30 11085424 d:RevaluationReserve 2023-11-30 11085424 d:RetainedEarningsAccumulatedLosses 2024-11-30 11085424 d:RetainedEarningsAccumulatedLosses 2023-11-30 11085424 d:OtherDeferredTax 2024-11-30 11085424 d:OtherDeferredTax 2023-11-30 11085424 c:FRS102 2023-12-01 2024-11-30 11085424 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11085424 c:FullAccounts 2023-12-01 2024-11-30 11085424 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11085424 2 2023-12-01 2024-11-30 11085424 6 2023-12-01 2024-11-30 11085424 f:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 11085424









D&A RENTALS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
D&A RENTALS LIMITED
REGISTERED NUMBER: 11085424

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2024
2023
2023
                                                                    Note
£
£
£
£

Fixed assets
  

Investments
 4 
100
100

Investment properties
 5 
7,595,000
4,613,352

Current assets
  

Debtors: amounts falling due within one year
 6 
1,015,863
874,322

Cash at bank and in hand
  
9,688
24,590

  
1,025,551
898,912

Creditors: amounts falling due within one year
 7 
(4,232,225)
(3,901,031)

Net current liabilities
  
 
 
(3,206,674)
 
 
(3,002,119)

Total assets less current liabilities
  
4,388,426
1,611,333

Creditors: amounts falling due after more than one year
 8 
(2,529,958)
-

Deferred tax
  
(356,650)
(317,380)

  
 
 
(356,650)
 
 
(317,380)


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
1,069,948
952,140

Profit and loss account
  
431,770
341,713

  
1,501,818
1,293,953


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.

Page 1

 
D&A RENTALS LIMITED
REGISTERED NUMBER: 11085424
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2025.


D Pearson
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
D&A RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

D&A Rentals Limited ("the Company") is a private Company limited by shares and incorporated in England and Wales. The registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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 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:

Rental income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

Page 3

 
D&A RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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.


 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and the directors 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 the Statement of comprehensive income.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

Page 4

 
D&A RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2023
100



At 30 November 2024
100




Page 5

 
D&A RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2023
4,613,352


Additions at cost
2,824,570


Surplus on revaluation
157,078



At 30 November 2024
7,595,000

The 2024 valuations were made by the directors, 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
6,168,402
3,343,832

Page 6

 
D&A RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
2,466
6,826

Amounts owed by connected entities
946,004
867,496

Prepayments and accrued income
67,393
-

1,015,863
874,322



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,253
9,999

Amounts owed to group undertakings
1,784
-

Corporation tax
57,398
25,807

Other creditors
4,157,890
3,857,726

Accruals and deferred income
3,900
7,499

4,232,225
3,901,031



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,529,958
-


The bank loans are secured over the properties to which they relate.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Bank loans
2,529,958
-


Page 7

 
D&A RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

10.


Deferred taxation




2024


£






At beginning of year
(317,380)


Charged to profit or loss
(39,270)



At end of year
(356,650)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revalued investment properties
(356,650)
(317,380)

(356,650)
(317,380)


11.


Prior year adjustment

A prior year adjustment has been made to the year ended 30 November 2022, to reflect deferred tax on the revaluation of investment properties. The statement lines corrected were as follows:
                                        £
Deferred tax                   (317,380)
Revaluation reserve        317,380


12.


Related party transactions

Key management personnel
At the year end the company owed the directors £1,488,556 (2023 - £1,682,300).
Other
During the year, the company engaged in transactions with an entity over which it has control. All transactions were undertaken at market value.
At the year end, this entity owed the company £841,904 (
2023 - £792,896).
At the end of the year the company owed the shareholders £25,000 (
2023 - £25,000).

 
Page 8