Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2024-01-01 false No description of principal activity 3 3 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13933374 2024-01-01 2024-12-31 13933374 2023-01-01 2023-12-31 13933374 2024-12-31 13933374 2023-12-31 13933374 2023-01-01 13933374 c:Director3 2024-01-01 2024-12-31 13933374 d:FreeholdInvestmentProperty 2024-12-31 13933374 d:FreeholdInvestmentProperty 2023-12-31 13933374 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 13933374 d:CurrentFinancialInstruments 2024-12-31 13933374 d:CurrentFinancialInstruments 2023-12-31 13933374 d:Non-currentFinancialInstruments 2024-12-31 13933374 d:Non-currentFinancialInstruments 2023-12-31 13933374 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13933374 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13933374 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 13933374 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13933374 d:ShareCapital 2024-12-31 13933374 d:ShareCapital 2023-12-31 13933374 d:ShareCapital 2023-01-01 13933374 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 13933374 d:RetainedEarningsAccumulatedLosses 2024-12-31 13933374 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13933374 d:RetainedEarningsAccumulatedLosses 2023-12-31 13933374 d:RetainedEarningsAccumulatedLosses 2023-01-01 13933374 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13933374 c:OrdinaryShareClass1 2024-12-31 13933374 c:OrdinaryShareClass1 2023-12-31 13933374 c:FRS102 2024-01-01 2024-12-31 13933374 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13933374 c:FullAccounts 2024-01-01 2024-12-31 13933374 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13933374 2 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13933374 DORSEL U.K. 4 LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
DORSEL U.K. 4 LIMITED REGISTERED NUMBER: 13933374 BALANCE SHEET AS AT 31 DECEMBER 2024
| 2024 | 2023
Note | £ | £
Fixed assets |  |  |
Investment property | 4 | 12,035,000 | 12,904,000
|  | 12,035,000 | 12,904,000
Current assets |  |  |
Debtors: amounts falling due within one year | 5 | 96,676 | 333,118
Cash at bank and in hand | 6 | 255,603 | 299,880
|  | 352,279 | 632,998
Creditors: amounts falling due within one year | 7 | (1,525,163) | (1,062,581)
Net current liabilities |  | (1,172,884) | (429,583)
Total assets less current liabilities |  | 10,862,116 | 12,474,417
Creditors: amounts falling due after more than one year | 8 | (12,944,815) | (13,666,291)
Net liabilities |  | (2,082,699) | (1,191,874)
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Profit and loss account |  | (2,082,799) | (1,191,974)
|  | (2,082,699) | (1,191,874)
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 Company has opted not to file the profit and loss account 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 20 August 2025.
................................................ Lior Som
Director
The notes on pages 4 to 9 form part of these financial statements. Page 1
DORSEL U.K. 4 LIMITED REGISTERED NUMBER: 13933374 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 Page 2
DORSEL U.K. 4 LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 January 2023 | 100 | (747,315) | (747,215)
Comprehensive income for the year |  |  |
Loss for the year | - | (444,659) | (444,659)
At 1 January 2024 | 100 | (1,191,974) | (1,191,874)
Loss for the year | - | (890,825) | (890,825)
At 31 December 2024 | 100 | (2,082,799) | (2,082,699)
| The notes on pages 4 to 9 form part of these financial statements.
Page 3
DORSEL U.K. 4 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Dorsel U.K. 4 Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13933374. The address of the registered office is Wisteria Grange Barn, Pikes End, Pinner, Middlesex, England, HA5 2EX. 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.
| 2.3 | 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: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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. Page 4
DORSEL U.K. 4 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | 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. 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 5
DORSEL U.K. 4 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 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 made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
| 2.13 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
Page 6
DORSEL U.K. 4 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Investment property
|  | Investment property
|  | £
| Valuation |
| At 1 January 2024 | 12,904,000
| Impairment | (869,000)
| At 31 December 2024 | 12,035,000
| The directors reviewed the value of the property at year end, and believe the property should be valued at £12,035,000 (2023: £12,904,000).
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 50,018 | 16,685
| Amounts owed by group undertakings | 18,546 | 99,971
| Prepayments and accrued income | - | 110,238
| Deferred taxation | 28,112 | 106,224
|  | 96,676 | 333,118
| Amounts owed by group undertakings are unsecured, have no fixed date of repayment, and are repayable on demand.
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 255,603 | 299,880
|  | 255,603 | 299,880
Page 7
DORSEL U.K. 4 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 410,180 | 135,000
| Trade creditors | 34,489 | 1,138
| Amounts owed to group undertakings | 722,000 | 517,841
| Other taxation and social security | 41,446 | 83,443
| Accruals and deferred income | 317,048 | 325,159
|  | 1,525,163 | 1,062,581
| For full disclosure on bank loans, please see note 9. Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 5,691,024 | 6,412,500
| Amounts owed to group undertakings | 7,253,791 | 7,253,791
|  | 12,944,815 | 13,666,291
| The total bank loan falling due within one and more than one year is £6,101,204 (2023: £6,547,500). The loan has an interest of SONIA +2.4% and is secured by the company's assets with fixed repayment dates. Amounts owed to group undertakings are unsecured and have no fixed date of repayment.
9. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2023 - 100) Ordinary shares of £1.00 each | 100 | 100
Page 8
DORSEL U.K. 4 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Related party transactions
| Included in debtors are amounts owed from group undertakings are amounts of £Nil (2023: £62,371), £18,546 (2023: £28,546), and £Nil (2023: £9,054) owed from Dorsel U.K. 1 Limited, Dorsel U.K. 2 Limited and Dorsel U.K. 3 Limited respectively. The directors of these companies are also the directors of Dorsel U.K. 4 Limited. Amounts owed by group undertakings are unsecured, have no fixed date of repayment and are repayable on demand. Included in creditors owed to group undertakings due within one year, are amounts of £189,900 (2022: £189,900) owed to Dorsel U.K. Limited, £327,941 (2022: £387,840) owed to Dorsel B.A.Z. Limited, £67,629 (2023: £62,371 debtor) owed to Dorsel. U.K. 1 Limited and £65,946 (2023: £9,054 debtor) owed from Dorsel U.K. 3 Limited. The directors of these companies are also the directors of Dorsel U.K. 4 Limited. Also included in creditors is an amount falling due after more than one year owed to group undertakings of £7,253,791 (2023: £7,253,791) owed to Dorsel B.A.Z. Limited. The directors of this company are also the directors of Dorsel U.K. 1 Limited. Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are repayable on demand.
Page 9