Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312023-08-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01646088 2023-08-01 2024-07-31 01646088 2022-08-01 2023-07-31 01646088 2024-07-31 01646088 2023-07-31 01646088 c:Director1 2023-08-01 2024-07-31 01646088 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 01646088 d:Buildings d:LongLeaseholdAssets 2024-07-31 01646088 d:Buildings d:LongLeaseholdAssets 2023-07-31 01646088 d:FurnitureFittings 2023-08-01 2024-07-31 01646088 d:FurnitureFittings 2024-07-31 01646088 d:FurnitureFittings 2023-07-31 01646088 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01646088 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01646088 d:FreeholdInvestmentProperty 2024-07-31 01646088 d:FreeholdInvestmentProperty 2023-07-31 01646088 d:FreeholdInvestmentProperty 2 2023-08-01 2024-07-31 01646088 d:CurrentFinancialInstruments 2024-07-31 01646088 d:CurrentFinancialInstruments 2023-07-31 01646088 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 01646088 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 01646088 d:ShareCapital 2024-07-31 01646088 d:ShareCapital 2023-07-31 01646088 d:OtherMiscellaneousReserve 2023-08-01 2024-07-31 01646088 d:OtherMiscellaneousReserve 2024-07-31 01646088 d:OtherMiscellaneousReserve 2023-07-31 01646088 d:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 01646088 d:RetainedEarningsAccumulatedLosses 2024-07-31 01646088 d:RetainedEarningsAccumulatedLosses 2023-07-31 01646088 c:FRS102 2023-08-01 2024-07-31 01646088 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01646088 c:FullAccounts 2023-08-01 2024-07-31 01646088 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01646088 2 2023-08-01 2024-07-31 01646088 f:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 01646088









LAZARUS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
LAZARUS LIMITED
REGISTERED NUMBER: 01646088

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
259,403
270,749

Investment property
 4 
4,225,000
2,505,000

  
4,484,403
2,775,749

Current assets
  

Debtors: amounts falling due within one year
 5 
238,213
138,058

Cash at bank and in hand
 6 
138,505
292,997

  
376,718
431,055

Creditors: amounts falling due within one year
 7 
(743,801)
(926,527)

Net current liabilities
  
 
 
(367,083)
 
 
(495,472)

Total assets less current liabilities
  
4,117,320
2,280,277

Provisions for liabilities
  

Deferred tax
  
(834,612)
(414,356)

  
 
 
(834,612)
 
 
(414,356)

Net assets
  
3,282,708
1,865,921


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
 8 
2,444,158
1,558,772

Profit and loss account
 8 
838,450
307,049

  
3,282,708
1,865,921

Page 1

 
LAZARUS LIMITED
REGISTERED NUMBER: 01646088
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

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 the 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 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 3 April 2025.




M Johnson
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
LAZARUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Lazarus Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH (registration number: 01646088). 
The principal activity of the company continued to be that of musical entertainment, songwriting and recording artistes. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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:

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.

 
2.3

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.

Page 3

 
LAZARUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, per the stated methods below:.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Straight line over the life of the lease
Fixtures and fittings
-
20% 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 profit or loss.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss 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 the lessee's benefit from the use of the leased asset.

Page 4

 
LAZARUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

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.

 
2.11

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.


Page 5

 
LAZARUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
354,674
276,845
631,519



At 31 July 2024

354,674
276,845
631,519



Depreciation


At 1 August 2023
114,464
246,306
360,770


Charge for the year on owned assets
5,238
6,108
11,346



At 31 July 2024

119,702
252,414
372,116



Net book value



At 31 July 2024
234,972
24,431
259,403



At 31 July 2023
240,210
30,539
270,749

Page 6

 
LAZARUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
2,505,000


Surplus on revaluation
1,720,000



At 31 July 2024
4,225,000

The 2024 valuations were made by external valuers, on an open market value for existing use basis.



At 31 July 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
886,546
886,546

886,546
886,546


5.


Debtors

2024
2023
£
£


Trade debtors
104
13,567

Amounts owed by group undertakings
127,618
-

Other debtors
-
12,069

Prepayments and accrued income
110,491
112,422

238,213
138,058



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
138,505
292,997


Page 7

 
LAZARUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
500,000
700,000

Trade creditors
-
5,908

Corporation tax
78,141
61,178

Other taxation and social security
18,139
10,103

Other creditors
110,494
108,881

Accruals and deferred income
37,027
40,457

743,801
926,527



8.


Reserves

Other reserves

Includes all current and prior period non-distributable reserves in relation to the revaluation of investment property. 

Profit and loss account

Includes all current and prior period retained profits and losses. 

9.


Related party transactions

Other debtors includes £127,618 (2023: £Nil) owed from a company under common control.
Other creditors includes £58,873 (2023: £108,236) owed to a company under common control.

 
Page 8