Caseware UK (AP4) 2023.0.135 2023.0.135 2025-05-14 true 2023-11-01 false The principal activity is that of holding company.0 0 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC157066 2023-11-01 2024-10-31 SC157066 2022-11-01 2023-10-31 SC157066 2024-10-31 SC157066 2023-10-31 SC157066 2022-11-01 SC157066 c:Director3 2023-11-01 2024-10-31 SC157066 d:Buildings 2023-11-01 2024-10-31 SC157066 d:Buildings 2024-10-31 SC157066 d:Buildings 2023-10-31 SC157066 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC157066 d:LandBuildings 2024-10-31 SC157066 d:LandBuildings 2023-10-31 SC157066 d:ComputerEquipment 2023-11-01 2024-10-31 SC157066 d:ComputerEquipment 2024-10-31 SC157066 d:ComputerEquipment 2023-10-31 SC157066 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC157066 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC157066 d:CurrentFinancialInstruments 2024-10-31 SC157066 d:CurrentFinancialInstruments 2023-10-31 SC157066 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC157066 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC157066 d:UKTax 2023-11-01 2024-10-31 SC157066 d:UKTax 2022-11-01 2023-10-31 SC157066 d:ShareCapital 2023-11-01 2024-10-31 SC157066 d:ShareCapital 2024-10-31 SC157066 d:ShareCapital 2022-11-01 2023-10-31 SC157066 d:ShareCapital 2023-10-31 SC157066 d:ShareCapital 2022-11-01 SC157066 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 SC157066 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC157066 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 SC157066 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC157066 d:RetainedEarningsAccumulatedLosses 2022-11-01 SC157066 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-10-31 SC157066 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 SC157066 c:FRS102 2023-11-01 2024-10-31 SC157066 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC157066 c:FullAccounts 2023-11-01 2024-10-31 SC157066 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC157066 2 2023-11-01 2024-10-31 SC157066 6 2023-11-01 2024-10-31 SC157066 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: SC157066 CORVEN PROPERTIES LIMITED Unaudited Financial statements Information for filing with the registrar For the Year Ended October 31, 2024
CORVEN PROPERTIES LIMITED Registered number: SC157066 Balance sheet As at October 31, 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 189,000 |  | 196,000
Investments | 5 |  | 26,000 |  | 26,000
|  |  | 215,000 |  | 222,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 76,000 |  | 20,000 |
Cash at bank and in hand |  | 135,888 |  | 154,089 |
|  | 211,888 |  | 174,089 |
Creditors: amounts falling due within one year | 7 | (92,556) |  | (89,778) |
Net current assets |  |  | 119,332 |  | 84,311
Total assets less current liabilities |  |  | 334,332 |  | 306,311
Net assets |  |  | 334,332 |  | 306,311
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 16,000 |  | 16,000
Profit and loss account |  |  | 318,332 |  | 290,311
|  |  | 334,332 |  | 306,311
Page 1
CORVEN PROPERTIES LIMITED Registered number: SC157066 Balance sheet (continued) As at October 31, 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 May 14, 2025.
DN Rogers
Director
The notes on pages 4 to 11 form part of these financial statements. Page 2
CORVEN PROPERTIES LIMITED Statement of changes in equity For the Year Ended October 31, 2024
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At November 1, 2023 | 16,000 | 290,311 | 306,311
Comprehensive income for the year |  |  |
Profit for the year | - | 213,621 | 213,621
Total comprehensive income for the year | - | 213,621 | 213,621
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (185,600) | (185,600)
Total transactions with owners | - | (185,600) | (185,600)
At October 31, 2024 | 16,000 | 318,332 | 334,332
| The notes on pages 4 to 11 form part of these financial statements.
Statement of changes in equity For the Year Ended October 31, 2023
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At November 1, 2022 | 16,000 | 216,456 | 232,456
Comprehensive income for the year |  |  |
Profit for the year | - | 336,255 | 336,255
Total comprehensive income for the year | - | 336,255 | 336,255
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (262,400) | (262,400)
Total transactions with owners | - | (262,400) | (262,400)
At October 31, 2023 | 16,000 | 290,311 | 306,311
| The notes on pages 4 to 11 form part of these financial statements.
Page 3
CORVEN PROPERTIES LIMITED Notes to the financial statements For the Year Ended October 31, 2024
1. | General information
The company is a private company limited by share capital incorporated in Scotland. The address of its registered office and principle place of business is: Ellary, Lochgilphead, Argyll PA31 8PA. The principal activity is that of a holding company. 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. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The following principal accounting policies have been applied:
| 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: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
CORVEN PROPERTIES LIMITED Notes to the financial statements For the Year Ended October 31, 2024 2.Accounting policies (continued)
| 2.4 | Taxation
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.
| 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% straight line per annum
|  |  |  | Computer equipment | - | 33.3% straight line per annum
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 in subsidiaries and associates are measured at cost less accumulated impairment.
| 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 | 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. Page 5
CORVEN PROPERTIES LIMITED Notes to the financial statements For the Year Ended October 31, 2024 2.Accounting policies (continued)
| 2.9 | 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.
| 2.10 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the Page 6
CORVEN PROPERTIES LIMITED Notes to the financial statements For the Year Ended October 31, 2024 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled. Page 7
CORVEN PROPERTIES LIMITED Notes to the financial statements For the Year Ended October 31, 2024 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
| 2.11 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Taxation
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 21,807 | 19,198
|  | 21,807 | 19,198
| Total current tax | 21,807 | 19,198
| Factors affecting tax charge for the year
| There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25.0% (2023 - 22.5%).
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 8
CORVEN PROPERTIES LIMITED Notes to the financial statements For the Year Ended October 31, 2024
4. | Tangible fixed assets
|  | Freehold property | Computer equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 November 2023 | 350,000 | 8,413 | 358,413
| At October 31, 2024 | 350,000 | 8,413 | 358,413
| Depreciation |  |  |
| At 1 November 2023 | 154,000 | 8,413 | 162,413
| Charge for the year on owned assets | 7,000 | - | 7,000
| At October 31, 2024 | 161,000 | 8,413 | 169,413
| Net book value |  |  |
| At October 31, 2024 | 189,000 | - | 189,000
| At October 31, 2023 | 196,000 | - | 196,000
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Freehold | 189,000 | 196,000
|  | 189,000 | 196,000
Page 9
CORVEN PROPERTIES LIMITED Notes to the financial statements For the Year Ended October 31, 2024
5. | Fixed asset investments
|  | Investments in subsidiaries and associates
|  | £
| Cost |
| At 1 November 2023 | 26,000
| At October 31, 2024 | 26,000
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 76,000 | 20,000
|  | 76,000 | 20,000
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 68,564 | 68,564
| Corporation tax | 21,807 | 19,198
| Other taxation and social security | 2,185 | 2,016
|  | 92,556 | 89,778
8. | Financial instruments
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 135,888 | 154,089
Page 10
CORVEN PROPERTIES LIMITED Notes to the financial statements For the Year Ended October 31, 2024
9. | Related party transactions
| During the year the company's borrowings from its wholly owned subsidiary, Duncan Rogers (Engineering) Limited remained at £68,564 (2023 £68,564) and was owed £76,000 (2023 £20,000) by it's 50% owned associate, Hisa Engineering Limted. The company also received £155,200 in dividends from Duncan Rogers (Engineering) Limited.
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