Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activityfalsetrue2023-03-01false33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05572909 2023-03-01 2024-02-29 05572909 2024-02-29 05572909 2022-03-01 2023-02-28 05572909 2023-02-28 05572909 c:Director1 2023-03-01 2024-02-29 05572909 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 05572909 d:Buildings d:LongLeaseholdAssets 2024-02-29 05572909 d:Buildings d:LongLeaseholdAssets 2023-02-28 05572909 d:FurnitureFittings 2023-03-01 2024-02-29 05572909 d:FurnitureFittings 2024-02-29 05572909 d:FurnitureFittings 2023-02-28 05572909 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05572909 d:OfficeEquipment 2023-03-01 2024-02-29 05572909 d:OfficeEquipment 2024-02-29 05572909 d:OfficeEquipment 2023-02-28 05572909 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05572909 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05572909 d:CurrentFinancialInstruments 2024-02-29 05572909 d:CurrentFinancialInstruments 2023-02-28 05572909 d:Non-currentFinancialInstruments 2024-02-29 05572909 d:Non-currentFinancialInstruments 2023-02-28 05572909 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05572909 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05572909 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 05572909 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 05572909 d:ShareCapital 2024-02-29 05572909 d:ShareCapital 2023-02-28 05572909 d:RetainedEarningsAccumulatedLosses 2024-02-29 05572909 d:RetainedEarningsAccumulatedLosses 2023-02-28 05572909 c:OrdinaryShareClass1 2023-03-01 2024-02-29 05572909 c:OrdinaryShareClass1 2024-02-29 05572909 c:OrdinaryShareClass1 2023-02-28 05572909 c:FRS102 2023-03-01 2024-02-29 05572909 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05572909 c:FullAccounts 2023-03-01 2024-02-29 05572909 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05572909 6 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05572909













Stateplus Limited

Financial statements
Information for filing with the registrar

29 February 2024




 
Stateplus Limited


Balance sheet
At 29 February 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,725,976
1,732,984

Investments
 5 
105
105

  
1,726,081
1,733,089

Current assets
  

Debtors
 6 
2,052,986
2,022,619

Cash at bank and in hand
  
18,398
10,855

  
2,071,384
2,033,474

Creditors: amounts falling due within one year
 7 
(77,621)
(71,332)

Net current assets
  
 
 
1,993,763
 
 
1,962,142

Total assets less current liabilities
  
3,719,844
3,695,231

Creditors: amounts falling due after more than one year
 8 
(3,093,815)
(3,115,562)

Provisions for liabilities
  

Deferred tax
  
(29,813)
(30,993)

Net assets
  
596,216
548,676


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
596,214
548,674

Shareholders' funds
  
596,216
548,676


1

 
Stateplus Limited

    
Balance sheet (continued)
At 29 February 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 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 August 2024.




Lyn Dayson
Director

Company registered number: 05572909
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

1.


General information

Stateplus Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdon and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents amounts receivable under operating leases during the year.

 
2.3

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.

3

 
Stateplus Limited
 

 
Notes to the financial statements
Year ended 29 February 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Depreciation is provided on the following basis:

Property Improvements
-
20%
straight line
Office equipment
-
33%
reducing balance

 
2.5

Investment property

Investment property is carried at fair value determined annually by 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 profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023: 3).

4

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

4.


Tangible fixed assets







Land and buildings
Property Improvements
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2023
1,711,935
31,140
7,627
1,750,702



At 29 February 2024

1,711,935
31,140
7,627
1,750,702



Depreciation


At 1 March 2023
-
12,456
5,262
17,718


Charge for the year
-
6,228
780
7,008



At 29 February 2024

-
18,684
6,042
24,726



Net book value



At 29 February 2024
1,711,935
12,456
1,585
1,725,976



At 28 February 2023
1,711,935
18,684
2,365
1,732,984


5.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 March 2023
105



At 29 February 2024
105






Net book value



At 29 February 2024
105



At 28 February 2023
105

5

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 29 February 2024

6.


Debtors


29 February
28 February
2024
2023
£
£

Due within one year

Trade debtors
2,939
8,617

Amounts owed by group undertakings
2,039,919
2,013,907

Other debtors
496
95

Prepayments and accrued income
9,632
-

2,052,986
2,022,619



7.


Creditors: amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
-
698

Corporation tax
12,574
20,183

Other taxation and social security
6,344
2,487

Accruals and deferred income
58,703
47,964

77,621
71,332



8.


Creditors: amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Other creditors
3,093,815
3,115,562

3,093,815
3,115,562



9.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



2 (2023 : 2) Ordinary shares of £1.00 each
2
2


 
6