Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-112025-02-11false10Other Business support service activities not elsewhere classified2024-02-12false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07510447 2024-02-12 2025-02-11 07510447 2023-02-19 2024-02-11 07510447 2025-02-11 07510447 2024-02-11 07510447 c:Director1 2024-02-12 2025-02-11 07510447 d:Buildings d:LongLeaseholdAssets 2024-02-12 2025-02-11 07510447 d:Buildings d:LongLeaseholdAssets 2025-02-11 07510447 d:Buildings d:LongLeaseholdAssets 2024-02-11 07510447 d:FurnitureFittings 2024-02-12 2025-02-11 07510447 d:FurnitureFittings 2025-02-11 07510447 d:FurnitureFittings 2024-02-11 07510447 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-12 2025-02-11 07510447 d:OwnedOrFreeholdAssets 2024-02-12 2025-02-11 07510447 d:CurrentFinancialInstruments 2025-02-11 07510447 d:CurrentFinancialInstruments 2024-02-11 07510447 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-11 07510447 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-11 07510447 d:ShareCapital 2025-02-11 07510447 d:ShareCapital 2024-02-11 07510447 d:RetainedEarningsAccumulatedLosses 2025-02-11 07510447 d:RetainedEarningsAccumulatedLosses 2024-02-11 07510447 c:FRS102 2024-02-12 2025-02-11 07510447 c:AuditExempt-NoAccountantsReport 2024-02-12 2025-02-11 07510447 c:FullAccounts 2024-02-12 2025-02-11 07510447 c:PrivateLimitedCompanyLtd 2024-02-12 2025-02-11 07510447 e:PoundSterling 2024-02-12 2025-02-11 iso4217:GBP xbrli:pure

Registered number: 07510447









THE UNION REGENTS PLACE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 11 FEBRUARY 2025

 
THE UNION REGENTS PLACE LIMITED
REGISTERED NUMBER: 07510447

BALANCE SHEET
AS AT 11 FEBRUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 3 
195,028
220,638

  
195,028
220,638

Current assets
  

Stocks
 4 
9,329
10,001

Debtors: amounts falling due within one year
 5 
32,874
72,765

Cash at bank and in hand
 6 
91,201
71,148

  
133,404
153,914

Creditors: amounts falling due within one year
 7 
(222,022)
(247,956)

Net current liabilities
  
 
 
(88,618)
 
 
(94,042)

Total assets less current liabilities
  
106,410
126,596

  

Net assets
  
106,410
126,596


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
106,310
126,496

  
106,410
126,596


Page 1

 
THE UNION REGENTS PLACE LIMITED
REGISTERED NUMBER: 07510447
    
BALANCE SHEET (CONTINUED)
AS AT 11 FEBRUARY 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 profit and loss account 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: 




E. Guinness
Director

Date: 20 June 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE UNION REGENTS PLACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 FEBRUARY 2025

1.Accounting policies

 
1.1

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:

 
1.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the directors have adopted the going concern basis of accounting in preparing the
financial statements.

 
1.3

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue 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 revenue 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.

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.

Page 3

 
THE UNION REGENTS PLACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 FEBRUARY 2025

1.Accounting policies (continued)

 
1.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.5

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.

 
1.6

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:

Land and Buildings
-
5%
Reducing balance basis
Fixtures and fittings
-
15%
Straight Line method

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.

Page 4

 
THE UNION REGENTS PLACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 FEBRUARY 2025

1.Accounting policies (continued)

 
1.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.8

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.

 
1.9

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.

 
1.10

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.

 
1.11

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.

Page 5

 
THE UNION REGENTS PLACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 FEBRUARY 2025

1.Accounting policies (continued)


1.11
Financial instruments (continued)

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 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
Page 6

 
THE UNION REGENTS PLACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 FEBRUARY 2025

1.Accounting policies (continued)


1.11
Financial instruments (continued)

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.


2.


Employees

The average monthly number of employees, including directors, during the year was 11 (2024 - 10).

Page 7

 
THE UNION REGENTS PLACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 FEBRUARY 2025

3.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 11 February 2024
338,804
625,087
963,891


Additions
-
11,964
11,964



At 11 February 2025

338,804
637,051
975,855



Depreciation


At 12 February 2024
222,511
520,742
743,253


Charge for the year on owned assets
20,940
16,634
37,574



At 11 February 2025

243,451
537,376
780,827



Net book value



At 11 February 2025
95,353
99,675
195,028



At 11 February 2024
116,293
104,345
220,638


4.


Stocks

2025
2024
£
£

Finished goods and goods for resale
9,329
10,001

9,329
10,001



5.


Debtors

2025
2024
£
£


Other debtors
3,883
27,206

Prepayments and accrued income
28,991
45,559

32,874
72,765


Page 8

 
THE UNION REGENTS PLACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 FEBRUARY 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
91,201
71,148

91,201
71,148



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
34,029
67,547

Amounts owed to other participating interests
133,907
126,272

Corporation tax
-
2,803

Other taxation and social security
28,225
11,257

Other creditors
20,933
29,251

Accruals and deferred income
4,928
10,826

222,022
247,956



8.


Related party transactions

At the balance sheet date the business owed £132,414 (2024: £126,186) to The Union Bar and Grill Limited, a connected company.
At the balance sheet date the business owed £1,493 (2024: £86) to The Union Chiswick Limited, a connected company.


9.


Controlling party

There is no ultimate controlling party.
 
Page 9