Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-232024-04-013falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02233118 2024-04-01 2025-03-31 02233118 2023-04-01 2024-03-31 02233118 2025-03-31 02233118 2024-03-31 02233118 2023-04-01 02233118 1 2024-04-01 2025-03-31 02233118 5 2024-04-01 2025-03-31 02233118 d:Director1 2024-04-01 2025-03-31 02233118 e:FreeholdInvestmentProperty 2025-03-31 02233118 e:FreeholdInvestmentProperty 2024-03-31 02233118 e:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 02233118 e:CurrentFinancialInstruments 2025-03-31 02233118 e:CurrentFinancialInstruments 2024-03-31 02233118 e:Non-currentFinancialInstruments 2025-03-31 02233118 e:Non-currentFinancialInstruments 2024-03-31 02233118 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 02233118 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 02233118 e:Non-currentFinancialInstruments e:AfterOneYear 2025-03-31 02233118 e:Non-currentFinancialInstruments e:AfterOneYear 2024-03-31 02233118 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2025-03-31 02233118 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-03-31 02233118 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2025-03-31 02233118 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-03-31 02233118 e:ShareCapital 2025-03-31 02233118 e:ShareCapital 2024-03-31 02233118 e:ShareCapital 2023-04-01 02233118 e:RevaluationReserve 2024-04-01 2025-03-31 02233118 e:RevaluationReserve 2025-03-31 02233118 e:RevaluationReserve 1 2024-04-01 2025-03-31 02233118 e:RevaluationReserve 5 2024-04-01 2025-03-31 02233118 e:RevaluationReserve 2024-03-31 02233118 e:RevaluationReserve 2023-04-01 02233118 e:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02233118 e:RetainedEarningsAccumulatedLosses 2025-03-31 02233118 e:RetainedEarningsAccumulatedLosses 1 2024-04-01 2025-03-31 02233118 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02233118 e:RetainedEarningsAccumulatedLosses 2024-03-31 02233118 e:RetainedEarningsAccumulatedLosses 2023-04-01 02233118 d:OrdinaryShareClass1 2024-04-01 2025-03-31 02233118 d:OrdinaryShareClass1 2025-03-31 02233118 d:OrdinaryShareClass1 2024-03-31 02233118 d:OrdinaryShareClass2 2024-04-01 2025-03-31 02233118 d:OrdinaryShareClass2 2025-03-31 02233118 d:OrdinaryShareClass2 2024-03-31 02233118 d:OrdinaryShareClass3 2024-04-01 2025-03-31 02233118 d:OrdinaryShareClass3 2025-03-31 02233118 d:OrdinaryShareClass3 2024-03-31 02233118 d:OrdinaryShareClass4 2024-04-01 2025-03-31 02233118 d:OrdinaryShareClass4 2025-03-31 02233118 d:OrdinaryShareClass4 2024-03-31 02233118 d:FRS102 2024-04-01 2025-03-31 02233118 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02233118 d:FullAccounts 2024-04-01 2025-03-31 02233118 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02233118 e:OtherDeferredTax 2025-03-31 02233118 e:OtherDeferredTax 2024-03-31 02233118 2 2024-04-01 2025-03-31 02233118 e:ShareCapital 1 2024-04-01 2025-03-31 02233118 f:PoundSterling 2024-04-01 2025-03-31 02233118 e:RetainedEarningsAccumulatedLosses 5 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 02233118














LASTGATE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2025

 
LASTGATE LIMITED
REGISTERED NUMBER:02233118

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024

Fixed assets
  

Investment property
 4 
3,445,766
2,517,686

  
3,445,766
2,517,686

Current assets
  

Debtors: amounts falling due within one year
 5 
669,488
855,000

Cash at bank and in hand
 6 
563,810
16,094

  
1,233,298
871,094

Creditors: amounts falling due within one year
 7 
(474,543)
(398,652)

Net current assets
  
 
 
758,755
 
 
472,442

Total assets less current liabilities
  
4,204,521
2,990,128

Creditors: amounts falling due after more than one year
 8 
(446,500)
(207,045)

Provisions for liabilities
  

Deferred tax
 10 
(553,331)
(323,114)

Net assets
  
£3,204,690
£2,459,969


Capital and reserves
  

Called up share capital 
 11 
4
4

Revaluation reserve
 12 
1,957,657
1,259,793

Profit and loss account
 12 
1,247,029
1,200,172

  
£3,204,690
£2,459,969


Page 1

 
LASTGATE LIMITED
REGISTERED NUMBER:02233118

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 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 23 May 2025.




___________________________
Mr A J Attfield
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
LASTGATE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

At 1 April 2024
4
1,259,793
1,200,172
2,459,969



Profit for the year
-
-
46,857
46,857

Surplus on revaluation of freehold property
-
928,081
-
928,081

Deferred tax on revaluation of freehold property
-
(230,217)
-
(230,217)


At 31 March 2025
£4
£1,957,657
£1,247,029
£3,204,690


The notes on pages 4 to 8 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

At 1 April 2023
4
1,259,793
1,141,839
2,401,636



Profit for the year
-
-
58,333
58,333


At 31 March 2024
£4
£1,259,793
£1,200,172
£2,459,969


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
LASTGATE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Lastgate Limited is a private company limited by shares and incorporated in England and Wales. The company resitration number is 02233118. The regisitered office is Caxton Cottage, Ashford Road, Bethersden, Ashford, Kent, TN26 3AP.

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

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
LASTGATE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

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.


 
2.7

Investment property

Investment property is carried at fair value determined annually 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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
LASTGATE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).


4.


Investment property


Freehold investment property



Valuation


At 1 April 2024
2,517,686


Surplus on revaluation
928,080



At 31 March 2025
3,445,766

The 2025 valuations were made by the directors, on an open market value for existing use basis.



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

2025
2024


Historic cost
£934,779
£934,779


5.


Debtors

2025
2024


Amounts owed by group undertakings
121,314
20,000

Other debtors
548,174
835,000

£669,488
£855,000


Page 6

 
LASTGATE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Cash and cash equivalents

2025
2024

Cash at bank and in hand
£563,810
£16,094



7.


Creditors: Amounts falling due within one year

2025
2024

Trade creditors
-
630

Corporation tax
15,568
19,421

Other creditors
218,620
175,636

Accruals and deferred income
9,810
10,010

Other loans
230,545
192,955

£474,543
£398,652



8.


Creditors: Amounts falling due after more than one year

2025
2024

Other loans
£446,500
£207,045



9.


Loans


Analysis of the maturity of loans is given below:


2025
2024

Amounts falling due within one year

Other loans
230,545
192,955

Amounts falling due 1-2 years

Other loans
23,500
207,045

Amounts falling due 2-5 years

Other loans
423,000
-


£677,045
£400,000


The bank loans are secured by way of a negative pledge against the investment property of the company.

Page 7

 
LASTGATE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Deferred taxation




2025
2024





At beginning of year
(323,114)
(323,114)


Charged to profit or loss
(230,217)
-



At end of year
£(553,331)
£(323,114)

The provision for deferred taxation is made up as follows:

2025
2024


Revaluation surplus
553,331
323,114

£(553,331)
£(323,114)


11.


Share capital

2025
2024
Allotted, called up and fully paid



1 (2024 - 1) Ordinary A share of £1.00
1
1
1 (2024 - 1) Ordinary B share of £1.00
1
1
1 (2024 - 1) Ordinary C share of £1.00
1
1
1 (2024 - 1) Ordinary D share of £1.00
1
1

£4

£4



12.


Reserves

Revaluation reserve

The revaluation reserve represents non-distributable reserves arising on the revaluation of the investment properties net of the associated deferred tax liability.

Profit and loss account

The profit and loss account represents the general surpluses and deficits arising from the company's actvities.  The profit and loss account is fully distributable.


13.
Controlling party / Ultimate parent undertaking and controlling party

Lastgate Limited is wholly owned subsidary of  Bethersden Property Company Limited, a company iincorporated in England and Wales.


Page 8