Casdron Enterprises Limited Filleted Accounts Cover
Casdron Enterprises Limited
Company No. 02234634
Information for Filing with The Registrar
For the Year Ended
31 March 2024
Casdron Enterprises Limited Balance Sheet Registrar
at
31 March 2024
As restated
Company No.
02234634
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
31,99136,673
Tangible assets
5
115,875111,487
Investment property
6
2,683,1212,285,000
Investments
7
44,20044,201
2,875,1872,477,361
Current assets
Stocks
8
260,352201,700
Debtors
9
703,602687,828
Cash at bank and in hand
1,903,5432,598,526
2,867,4973,488,054
Creditors: Amount falling due within one year
10
(812,911)
(1,205,064)
Net current assets
2,054,5862,282,990
Total assets less current liabilities
4,929,7734,760,351
Creditors: Amounts falling due after more than one year
11
(161,174)
(171,174)
Provisions for liabilities
Deferred taxation
(31,313)
(36,730)
Net assets
4,737,2864,552,447
Capital and reserves
Called up share capital
13
7575
Revaluation reserve
14
229,291229,291
Capital redemption reserve
14
2525
Profit and loss account
14
4,507,8954,323,056
Total equity
4,737,2864,552,447
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 November 2024 and signed on its behalf by:
P.A. Waldron
Director
21 November 2024
Casdron Enterprises Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Casdron Enterprises Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 02234634
Its registered office is:
Wood End
Prospect Road
Alresford
Hants
SO24 9QF
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
All intangible fixed assets are considered to have a finite useful life. if a reliable estimate of useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is provided on the following bases :
Website
10% Straight line
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
20% Reducing balance
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investment property
Investment properties are 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 specific asset. No depreciation is provided in respect of investment properties. Changes in fair value are recognised in Profit or loss.
Investments
Investment in subsidiaries are measured at cost less accumulated impairment.
Investment in unlisted company share, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gain and losses on remeasurement are recognised in statement of income and retain earnings for the period. Where market value cannot be reliably measured, such investment are stated at historic cost less impairment.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or 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 know amounts of cash with insignificant risk of change in value.
Trade and other 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.
Interest Income
Interest income is recognised in profit or loss using effective interest method.
Borrowing costs
All borrowing costs are recognised in the Profit & Loss in the year in which they occurred.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of lease's benefit from the use of the leased assets.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
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 the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at 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.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
99
4
Intangible fixed assets
Website
Total
£
£
Cost
At 1 April 2023
46,81746,817
At 31 March 2024
46,81746,817
Amortisation and impairment
At 1 April 2023
10,14410,144
Charge for the year
4,6824,682
At 31 March 2024
14,82614,826
Net book values
At 31 March 2024
31,99131,991
At 31 March 2023
36,67336,673
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 April 2023
141,86636,60017,075195,541
Additions
11,80023,4381,29936,537
Disposals
-
(12,350)
-
(12,350)
At 31 March 2024
153,66647,68818,374219,728
Depreciation
At 1 April 2023
60,11418,5335,40784,054
Charge for the year
18,71110,2172,58331,511
Disposals
-
(11,712)
-
(11,712)
At 31 March 2024
78,82517,0387,990103,853
Net book values
At 31 March 2024
74,84130,65010,384115,875
At 31 March 2023
81,752
18,067
11,668
111,487
6
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2023
2,285,000
Additions
398,121
At 31 March 2024
2,683,121
The 2024 valuation were made by the Directors, on an open market value for existing use basis.
7
Investments
Investment in Subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2023
1
44,200
44,201
Disposals
(1)
-
(1)
At 31 March 2024
-
44,200
44,200
Provisions/Impairment
Net book values
At 31 March 2024
-
44,200
44,200
At 31 March 2023
1
44,200
44,201
8
Stocks
2024
2023
£
£
Work in progress
260,352201,700
260,352201,700
9
Debtors
2024
2023
£
£
Trade debtors
185,185180,468
Amounts owed by group undertakings
3,8753,875
Other debtors
492,935492,932
Prepayments and accrued income
21,60710,553
703,602687,828
10
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
136,925148,662
Amounts owed to group undertakings
-
1
Taxes and social security
144,424
245,306
Loans from directors
498,819589,947
Other creditors
29,023189,023
Accruals and deferred income
3,72032,125
812,9111,205,064
11
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other creditors
161,174171,174
161,174171,174
12
Pension
The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund & amounted to £203,161 (2023: £161,023) in the year. Pension contributions of £527 (2023: £160,240) were payable at the balance sheet date.
13
Share Capital
Share capital includes following:
2024
2023
£
£
75 ordinary shares of £1 each
75
75
75
75
14
Reserves
Revaluation Reserve
Capital redemption reserve
Total other reserves
£
£
£
At 1 April 2022
144,291
25
144,316
Movement on revaluation reserve
85,000
85,000
At 31 March 2023 and 1 April 2023
229,291
25
229,316
At 31 March 2024
229,29125229,316
Revaluation reserve - reflects the revaluation of property other than investment properties.
Capital redemption reserve - records the nominal value of shares repurchased by the company.
Profit and loss account - includes all current and prior period retained profits and losses.
15
Related party transactions
At the Balance Sheet date the company was owed £498,819 (2023 : £589,947) to the directors.
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