Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-132024-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09245394 2024-04-01 2025-03-31 09245394 2023-04-01 2024-03-31 09245394 2025-03-31 09245394 2024-03-31 09245394 c:Director1 2024-04-01 2025-03-31 09245394 d:OfficeEquipment 2024-04-01 2025-03-31 09245394 d:OfficeEquipment 2025-03-31 09245394 d:OfficeEquipment 2024-03-31 09245394 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09245394 d:CurrentFinancialInstruments 2025-03-31 09245394 d:CurrentFinancialInstruments 2024-03-31 09245394 d:Non-currentFinancialInstruments 2025-03-31 09245394 d:Non-currentFinancialInstruments 2024-03-31 09245394 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 09245394 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09245394 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 09245394 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09245394 d:ShareCapital 2025-03-31 09245394 d:ShareCapital 2024-03-31 09245394 d:RetainedEarningsAccumulatedLosses 2025-03-31 09245394 d:RetainedEarningsAccumulatedLosses 2024-03-31 09245394 c:FRS102 2024-04-01 2025-03-31 09245394 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09245394 c:FullAccounts 2024-04-01 2025-03-31 09245394 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09245394 d:OtherDeferredTax 2025-03-31 09245394 d:OtherDeferredTax 2024-03-31 09245394 6 2024-04-01 2025-03-31 09245394 3 2025-03-31 09245394 3 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09245394









ADDISON PROPERTY COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
ADDISON PROPERTY COMPANY LIMITED
REGISTERED NUMBER: 09245394

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2025
2024
2024
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
763
954

Investments
 5 
1,250,000
1,250,000

  
1,250,763
1,250,954

Current assets
  

Debtors: amounts falling due within one year
 6 
1,833
1,732

Cash at bank and in hand
  
6,278
5,058

  
8,111
6,790

Creditors: amounts falling due within one year
 7 
(185,759)
(156,076)

Net current liabilities
  
 
 
(177,648)
 
 
(149,286)

Total assets less current liabilities
  
1,073,115
1,101,668

Creditors: amounts falling due after more than one year
 8 
(153,553)
(183,990)

Provisions for liabilities
  

Deferred tax
 9 
(297,500)
(297,500)

  
 
 
(297,500)
 
 
(297,500)

Net assets
  
622,062
620,178


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
622,061
620,177

  
622,062
620,178


Page 1

 
ADDISON PROPERTY COMPANY LIMITED
REGISTERED NUMBER: 09245394
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 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 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 13 May 2025.

M K Johnston
Director

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

Page 2

 
ADDISON PROPERTY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Addison Property Company Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. The company's principal place of business is 392 Richmond Road, Twickenham, Middlesex, TW1 2DY.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Currency

The company's functional and presentational currency is GBP.

 
2.3

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. Revenue comprises rental income due to the company in respect of the financial year.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.
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 United Kingdom.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date.

 
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.

Page 3

 
ADDISON PROPERTY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Equipment
-
20%
per annum on the 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.

 
2.6

Valuation of investments

Investments are stated at their open market value.

 
2.7

Debtors

Debtors are measured at transaction price, less any impairment. 

 
2.8

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.  

 
2.9

Creditors

Creditors are measured at the transaction price. 

 
2.10

Provisions for liabilities

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 Statement of Income and Retained Earnings in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting 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 Statement of Financial Position.

 
2.11

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Page 4

 
ADDISON PROPERTY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

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


        2025
        2024
            No.
            No.







1
1


4.


Tangible fixed assets





Equipment

£



Cost or valuation


At 1 April 2024
1,864



At 31 March 2025

1,864



Depreciation


At 1 April 2024
910


Charge for the year on owned assets
191



At 31 March 2025

1,101



Net book value



At 31 March 2025
763



At 31 March 2024
954

Page 5

 
ADDISON PROPERTY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Fixed asset investments





Investment property

£



Cost or valuation


At 1 April 2024
1,250,000



At 31 March 2025

1,250,000






Net book value



At 31 March 2025
1,250,000



At 31 March 2024
1,250,000

The investment property is valued by the director on an open market basis.


6.


Debtors

2025
2024
£
£


Amounts owed by group undertakings
33
132

Prepayments
1,800
1,600

1,833
1,732



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loan
26,500
22,500

Corporation tax
397
2,087

Other creditors
151,569
126,569

Accruals and deferred income
7,293
4,920

185,759
156,076


Page 6

 
ADDISON PROPERTY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loan
153,553
183,990

153,553
183,990


The following liabilities were secured:

2025
2024
£
£



Bank loan
180,053
206,490

180,053
206,490

Details of security provided:

There is a fixed and floating charge in favour of Barclays Bank PLC.

 


9.


Deferred taxation




2025


£






At beginning of year
(297,500)



At end of year
(297,500)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


On investment properties
(297,500)
(297,500)

(297,500)
(297,500)

Page 7

 
ADDISON PROPERTY COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Related party transactions

At the financial year end the director was owed £143,369 (2024 £118,369) and is included in other creditors falling due within one year and is interest free. The director will not seek repayment of the loan until the company's working capital position is able to facilitate the transaction.  

 
Page 8