Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30trueNo description of principal activity2023-12-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02883692 2023-12-01 2024-11-30 02883692 2022-12-01 2023-11-30 02883692 2024-11-30 02883692 2023-11-30 02883692 c:Director1 2023-12-01 2024-11-30 02883692 d:FurnitureFittings 2023-12-01 2024-11-30 02883692 d:FurnitureFittings 2024-11-30 02883692 d:FurnitureFittings 2023-11-30 02883692 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 02883692 d:ComputerEquipment 2023-12-01 2024-11-30 02883692 d:ComputerEquipment 2024-11-30 02883692 d:ComputerEquipment 2023-11-30 02883692 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 02883692 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 02883692 d:FreeholdInvestmentProperty 2023-12-01 2024-11-30 02883692 d:FreeholdInvestmentProperty 2024-11-30 02883692 d:FreeholdInvestmentProperty 2023-11-30 02883692 d:FreeholdInvestmentProperty 2 2023-12-01 2024-11-30 02883692 d:CurrentFinancialInstruments 2024-11-30 02883692 d:CurrentFinancialInstruments 2023-11-30 02883692 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 02883692 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 02883692 d:ShareCapital 2024-11-30 02883692 d:ShareCapital 2023-11-30 02883692 d:OtherMiscellaneousReserve 2024-11-30 02883692 d:OtherMiscellaneousReserve 2023-11-30 02883692 d:RetainedEarningsAccumulatedLosses 2024-11-30 02883692 d:RetainedEarningsAccumulatedLosses 2023-11-30 02883692 c:FRS102 2023-12-01 2024-11-30 02883692 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 02883692 c:FullAccounts 2023-12-01 2024-11-30 02883692 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 02883692 d:OtherDeferredTax 2024-11-30 02883692 d:OtherDeferredTax 2023-11-30 02883692 2 2023-12-01 2024-11-30 02883692 f:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 02883692









ROXBURGH PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
ROXBURGH PROPERTIES LIMITED
REGISTERED NUMBER: 02883692

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,114
2,875

Investment property
 5 
7,150,000
3,875,000

  
7,152,114
3,877,875

Current assets
  

Debtors: amounts falling due within one year
 6 
2,624,450
2,407,691

Cash at bank and in hand
 7 
233,964
229,056

  
2,858,414
2,636,747

Creditors: amounts falling due within one year
 8 
(341,571)
(307,065)

Net current assets
  
 
 
2,516,843
 
 
2,329,682

Total assets less current liabilities
  
9,668,957
6,207,557

Provisions for liabilities
  

Deferred tax
 9 
(1,589,136)
(545,000)

  
 
 
(1,589,136)
 
 
(545,000)

Net assets
  
8,079,821
5,662,557


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
4,767,409
2,664,014

Profit and loss account
  
3,312,312
2,998,443

  
8,079,821
5,662,557


Page 1

 
ROXBURGH PROPERTIES LIMITED
REGISTERED NUMBER: 02883692
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 by: 




G Clarke
Director

Date: 23 April 2025

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

Page 2

 
ROXBURGH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Roxburgh Properties Limited is a private company limited by shares and incorporated in England and Wales. The registered address of the company is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The principal place of business is 213 Muswell Hill Broadway, Muswell Hill, London, N10 3RS.

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

 
ROXBURGH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% Reducing balance basis
Computer equipment
-
33%  Reducing balance basis

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

Interest income

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

Page 4

 
ROXBURGH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.9

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.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
ROXBURGH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 December 2023
7,991
6,396
14,387



At 30 November 2024

7,991
6,396
14,387



Depreciation


At 1 December 2023
6,545
4,967
11,512


Charge for the year on owned assets
289
472
761



At 30 November 2024

6,834
5,439
12,273



Net book value



At 30 November 2024
1,157
957
2,114



At 30 November 2023
1,446
1,429
2,875

Page 6

 
ROXBURGH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2023
3,875,000


Additions at cost
127,469


Surplus on revaluation
3,147,531



At 30 November 2024
7,150,000

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



At 30 November 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
793,454
665,985

793,454
665,985


6.


Debtors

2024
2023
£
£


Other debtors
2,624,450
2,407,691



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
233,964
229,056


Page 7

 
ROXBURGH PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
96,379
49,362

Other creditors
166,436
169,556

Accruals and deferred income
78,756
88,147

341,571
307,065



9.


Deferred taxation




2024


£






At beginning of year
(545,000)


Charged to profit or loss
(1,044,136)



At end of year
(1,589,136)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Gain on investment properties
(1,589,136)
(545,000)


10.


Related party transactions

Included in other debtors are amounts due to companies in which the director has an interest totalling £2,624,450 (2023: £2,407,691).
Included in other creditors are amounts due to companies in which the director has an interest totalling £160,186 (2023: £163,306).

 
Page 8