Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo 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 SC681500 2023-06-01 2024-05-31 SC681500 2022-06-01 2023-05-31 SC681500 2024-05-31 SC681500 2023-05-31 SC681500 2022-06-01 SC681500 c:Director1 2023-06-01 2024-05-31 SC681500 c:Director2 2023-06-01 2024-05-31 SC681500 c:RegisteredOffice 2023-06-01 2024-05-31 SC681500 d:FurnitureFittings 2023-06-01 2024-05-31 SC681500 d:FurnitureFittings 2024-05-31 SC681500 d:FurnitureFittings 2023-05-31 SC681500 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC681500 d:FreeholdInvestmentProperty 2024-05-31 SC681500 d:FreeholdInvestmentProperty 2023-05-31 SC681500 d:CurrentFinancialInstruments 2024-05-31 SC681500 d:CurrentFinancialInstruments 2023-05-31 SC681500 d:Non-currentFinancialInstruments 2024-05-31 SC681500 d:Non-currentFinancialInstruments 2023-05-31 SC681500 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC681500 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC681500 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC681500 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC681500 d:ShareCapital 2024-05-31 SC681500 d:ShareCapital 2023-05-31 SC681500 d:ShareCapital 2022-06-01 SC681500 d:InvestmentPropertiesRevaluationReserve 2024-05-31 SC681500 d:InvestmentPropertiesRevaluationReserve 2023-05-31 SC681500 d:InvestmentPropertiesRevaluationReserve 2022-06-01 SC681500 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 SC681500 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC681500 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 SC681500 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC681500 d:RetainedEarningsAccumulatedLosses 2022-06-01 SC681500 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC681500 c:OrdinaryShareClass1 2024-05-31 SC681500 c:OrdinaryShareClass1 2023-05-31 SC681500 c:FRS102 2023-06-01 2024-05-31 SC681500 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC681500 c:FullAccounts 2023-06-01 2024-05-31 SC681500 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC681500 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC681500










SUBKAS HOLDINGS LIMITED
 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
SUBKAS HOLDINGS LIMITED
 

COMPANY INFORMATION


Directors
Mrs L Woods 
Mr S Woods 




Registered number
SC681500



Registered office
28 Castle View

Airth

Falkirk

FK2 8GE




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
SUBKAS HOLDINGS LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7


 
SUBKAS HOLDINGS LIMITED
REGISTERED NUMBER: SC681500

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
6,168
6,934

Investment property
 5 
307,000
307,000

  
313,168
313,934

Current assets
  

Debtors: amounts falling due within one year
 6 
19,667
10,567

Cash at bank and in hand
  
13,072
6,214

  
32,739
16,781

Creditors: amounts falling due within one year
 7 
(43,454)
(69,412)

Net current liabilities
  
 
 
(10,715)
 
 
(52,631)

Total assets less current liabilities
  
302,453
261,303

Creditors: amounts falling due after more than one year
 8 
(231,589)
(231,589)

Provisions for liabilities
  

Deferred tax
  
(12,042)
(6,867)

  
 
 
(12,042)
 
 
(6,867)

Net assets
  
58,822
22,847


Capital and reserves
  

Called up share capital 
 9 
100
100

Investment property reserve
  
42,001
42,001

Profit and loss account
  
16,721
(19,254)

  
58,822
22,847


Page 1

 
SUBKAS HOLDINGS LIMITED
REGISTERED NUMBER: SC681500

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 24 February 2025.




Mrs L Woods
Director

Page 2

 
SUBKAS HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 June 2022
100
42,001
(2,624)
39,477



Loss for the year
-
-
(16,630)
(16,630)



At 1 June 2023
100
42,001
(19,254)
22,847



Profit for the year
-
-
35,975
35,975


At 31 May 2024
100
42,001
16,721
58,822


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
SUBKAS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Subkas Holdings Limited is a private company, limited by shares, domiciled in Scotland with registration number SC681500. The registered office is 28 Castle View, Airth, Falkirk, Scotland, FK2 8GE. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
SUBKAS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

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 and fittings
-
25%

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 profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 5

 
SUBKAS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees




The average monthly number of employees, including the Directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
2
2


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 June 2023
9,247


Additions
1,289



At 31 May 2024

10,536



Depreciation


At 1 June 2023
2,313


Charge for the year on owned assets
2,055



At 31 May 2024

4,368



Net book value



At 31 May 2024
6,168



At 31 May 2023
6,934


5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
307,000



At 31 May 2024
307,000

The 2024 valuations were made by the director using, on an open market value for existing use basis.




Page 6

 
SUBKAS HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Other debtors
19,500
10,392

Prepayments and accrued income
167
175

19,667
10,567



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
506
-

Other creditors
41,448
68,092

Accruals and deferred income
1,500
1,320

43,454
69,412



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
231,589
231,589

231,589
231,589


Amounts within banks loans are secured against the assets to which they relate.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 7