Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-31 2017-03-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. true false No description of principal activity false 2016-04-01 05671737 2016-04-01 2017-03-31 05671737 2015-04-01 2016-03-31 05671737 2017-03-31 05671737 2016-03-31 05671737 c:Director1 2016-04-01 2017-03-31 05671737 d:FurnitureFittings 2016-04-01 2017-03-31 05671737 d:FurnitureFittings 2017-03-31 05671737 d:FurnitureFittings 2016-03-31 05671737 d:FurnitureFittings d:OwnedOrFreeholdAssets 2016-04-01 2017-03-31 05671737 d:ComputerEquipment 2016-04-01 2017-03-31 05671737 d:ComputerEquipment 2017-03-31 05671737 d:ComputerEquipment 2016-03-31 05671737 d:ComputerEquipment d:OwnedOrFreeholdAssets 2016-04-01 2017-03-31 05671737 d:OwnedOrFreeholdAssets 2016-04-01 2017-03-31 05671737 d:CurrentFinancialInstruments 2017-03-31 05671737 d:CurrentFinancialInstruments 2016-03-31 05671737 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 05671737 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 05671737 d:ShareCapital 2017-03-31 05671737 d:ShareCapital 2016-03-31 05671737 d:RetainedEarningsAccumulatedLosses 2017-03-31 05671737 d:RetainedEarningsAccumulatedLosses 2016-03-31 05671737 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-03-31 05671737 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-03-31 05671737 c:FRS102 2016-04-01 2017-03-31 05671737 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 05671737 c:FullAccounts 2016-04-01 2017-03-31 05671737 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure
05671737














DLB ESTATES LIMITED





DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

 
DLB ESTATES LIMITED
REGISTERED NUMBER: 05671737

BALANCE SHEET
AS AT  31 MARCH 2017

2017
2016
Note
£
£
   

Tangible assets
 4 
988
1,317

Current assets
   

Debtors: amounts falling due within one year
 5 
24,979
16,402

Cash at bank and in hand
 6 
5,805
22,222

   
30,784
38,624

Creditors: amounts falling due within one year
 7 
(5,366 )
(19,478 )

Net current assets
   
 
 
25,418
 
 
19,146

Net assets
   
26,406
20,463

Capital and reserves
   

Called up share capital 
   
2
2

Profit and loss account
   
26,404
20,461

   
26,406
20,463


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 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 income and retained earnings 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 : 



Director

Date:  22 December 2017
The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
DLB ESTATES LIMITED
REGISTERED NUMBER: 05671737
    
BALANCE SHEET  (CONTINUED)
AS AT  31 MARCH 2017


Page 2

 
DLB ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

General information

DLB Estates Limited is a private company limited by shares. The company is incorporated in England and Wales and its trading address is 14 Nottingham Terrace, York Terrace West, London, NW1 4QB. The registered number is 05671737.

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 .
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102. The date of transition is 1 April 2015. The transition to FRS 102 has not resulted in any changes in accounting policies to those used previously.

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:

2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance
Computer equipment
-
25% reducing balance

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 the Statement of income and retained earnings.

2.4

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.

Page 3

 
DLB ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

2. Accounting policies (continued)

2.5

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.

2.6

Financial instruments

The Company only enters into basic financial instruments 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 non-puttable ordinary shares.

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

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

2.9

Taxation

Tax is recognised in the Statement of income and retained earnings, 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.

The average monthly number of employees, including directors, during the year was  1  (2016 -  1 ) .

Page 4

 
DLB ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2016
7,366
1,963
9,329



At 31 March 2017

7,366
1,963
9,329



Depreciation


At 1 April 2016
6,862
1,150
8,012


Charge for the year on owned assets
126
203
329



At 31 March 2017

6,988
1,353
8,341



Net book value



At 31 March 2017
378
610
988



At 31 March 2016
504
813
1,317

2017
2016
£
£


Trade debtors
11,831
2,644

Other debtors
13,148
13,758

24,979
16,402


2017
2016
£
£

Cash at bank and in hand
5,805
22,222

5,805
22,222


Page 5

 
DLB ESTATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
2017
2016
£
£

Trade creditors
492
11,196

Corporation tax
1,568
1,578

Other taxation and social security
1,456
3,204

Accruals and deferred income
1,850
3,500

5,366
19,478


2017
2016
£
£


Financial assets measured at fair value through profit or loss
5,805
22,222


At the balance sheet date included in other debtors is an amount of £13,148 (2016:£13,758) due from the director. The loan is unsecured, Interest free and repayable within 9 months.

The company was jointly controlled by D Baker and H Baker by virtue of their shareholding.

 
Page 6