Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseNo description of principal activity11falsetruefalse SC077169 2024-01-01 2024-12-31 SC077169 2023-01-01 2023-12-31 SC077169 2024-12-31 SC077169 2023-12-31 SC077169 c:Director1 2024-01-01 2024-12-31 SC077169 c:RegisteredOffice 2024-01-01 2024-12-31 SC077169 d:FurnitureFittings 2024-01-01 2024-12-31 SC077169 d:FurnitureFittings 2024-12-31 SC077169 d:FurnitureFittings 2023-12-31 SC077169 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC077169 d:CurrentFinancialInstruments 2024-12-31 SC077169 d:CurrentFinancialInstruments 2023-12-31 SC077169 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC077169 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC077169 d:ShareCapital 2024-12-31 SC077169 d:ShareCapital 2023-12-31 SC077169 d:RevaluationReserve 2024-12-31 SC077169 d:RevaluationReserve 2023-12-31 SC077169 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC077169 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC077169 c:OrdinaryShareClass2 2024-01-01 2024-12-31 SC077169 c:OrdinaryShareClass2 2024-12-31 SC077169 c:OrdinaryShareClass2 2023-12-31 SC077169 c:OrdinaryShareClass3 2024-01-01 2024-12-31 SC077169 c:OrdinaryShareClass3 2024-12-31 SC077169 c:OrdinaryShareClass3 2023-12-31 SC077169 c:OrdinaryShareClass4 2024-01-01 2024-12-31 SC077169 c:OrdinaryShareClass4 2024-12-31 SC077169 c:OrdinaryShareClass4 2023-12-31 SC077169 c:OrdinaryShareClass5 2024-01-01 2024-12-31 SC077169 c:OrdinaryShareClass5 2024-12-31 SC077169 c:OrdinaryShareClass5 2023-12-31 SC077169 c:FRS102 2024-01-01 2024-12-31 SC077169 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC077169 c:FullAccounts 2024-01-01 2024-12-31 SC077169 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC077169 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC077169










ITKEN LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
ITKEN LIMITED
 

COMPANY INFORMATION


Director
J M Jasper 




Registered number
SC077169



Registered office
Pentland House
Saltire Centre

Glenrothes

Fife

KY6 2AH




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ITKEN LIMITED
REGISTERED NUMBER: SC077169

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
4
5

Investments
 5 
690,000
690,000

  
690,004
690,005

Current assets
  

Debtors: amounts falling due within one year
 6 
1,104
9,864

Cash at bank and in hand
  
25,705
47,847

  
26,809
57,711

Creditors: amounts falling due within one year
 7 
(4,394)
(10,056)

Net current assets
  
 
 
22,415
 
 
47,655

Total assets less current liabilities
  
712,419
737,660

Provisions for liabilities
  

Deferred tax
  
(106,104)
(108,240)

  
 
 
(106,104)
 
 
(108,240)

Net assets
  
606,315
629,420


Capital and reserves
  

Called up share capital 
 8 
100
100

Revaluation reserve
  
516,960
516,960

Profit and loss account
  
89,255
112,360

  
606,315
629,420


Page 1

 
ITKEN LIMITED
REGISTERED NUMBER: SC077169

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 her 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 14 April 2025.




J M Jasper
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ITKEN LIMITED
 

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

1.


General information

Itken Limited is a private company, limited by shares, incorporated in Scotland, registration number SC077169. The registered office is Pentland House, Saltire Centre, Glenrothes, Fife, KY6 2AH.
The financial statements are presented in Sterling, which is the functional currency of the company, and presented to the nearest £.

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

Rental Income

Rental income  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. Rental income  is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.

 
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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 reporting 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 reporting date.


Page 3

 
ITKEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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. 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% 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.

  
2.5

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 the Statement of comprehensive income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
ITKEN LIMITED
 

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
3,800



At 31 December 2024

3,800



Depreciation


At 1 January 2024
3,795


Charge for the year on owned assets
1



At 31 December 2024

3,796



Net book value



At 31 December 2024
4



At 31 December 2023
5


5.


Fixed asset investments





Investment property

£



Cost or valuation


At 1 January 2024
690,000



At 31 December 2024
690,000




The properties were revalued in February 2021 by Falconer Property Consultants by way of a drive by valuation.


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
1,104
9,864

1,104
9,864


Page 5

 
ITKEN LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
4,504

Other creditors
1,944
1,882

Accruals and deferred income
2,450
3,670

4,394
10,056



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



55 (2023 - 55) Ordinary A shares of £1.00 each
55
55
15 (2023 - 15) Ordinary B shares of £1.00 each
15
15
15 (2023 - 15) Ordinary C shares of £1.00 each
15
15
15 (2023 - 15) Ordinary D shares of £1.00 each
15
15

100

100



Page 6