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Registered number: 04575597










CHARING LODGE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CHARING LODGE LIMITED
REGISTERED NUMBER: 04575597

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
49,128
95,256

  
49,128
95,256

Current assets
  

Debtors: amounts falling due within one year
 6 
267,283
219,898

Cash at bank and in hand
 7 
799,597
1,077,133

  
1,066,880
1,297,031

Creditors: amounts falling due within one year
 8 
(524,241)
(1,168,808)

Net current assets
  
 
 
542,639
 
 
128,223

Total assets less current liabilities
  
591,767
223,479

Provisions for liabilities
  

Deferred tax
 9 
(12,183)
(23,814)

  
 
 
(12,183)
 
 
(23,814)

Net assets
  
579,584
199,665


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
-
10,715

Profit and loss account
  
579,484
188,850

  
579,584
199,665


Page 1

 
CHARING LODGE LIMITED
REGISTERED NUMBER: 04575597
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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: 




M Tansley
Director

Date: 20 June 2025

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
CHARING LODGE LIMITED
 

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


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

£
£
£
£


At 1 January 2023
100
14,050
454,312
468,462


Comprehensive income for the year

Profit for the year
-
-
1,357,034
1,357,034

Surplus on revaluation of fixtures and fittings
-
-
3,335
3,335
Total comprehensive income for the year
-
-
1,360,369
1,360,369


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(1,625,831)
(1,625,831)

Transfer to/from profit and loss account
-
(3,335)
-
(3,335)



At 1 January 2024
100
10,715
188,850
199,665


Comprehensive income for the year

Profit for the year
-
-
1,574,561
1,574,561

Surplus on revaluation of fixtures and fittings
-
-
10,715
10,715
Total comprehensive income for the year
-
-
1,585,276
1,585,276


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(1,194,642)
(1,194,642)

Transfer to/from profit and loss account
-
(10,715)
-
(10,715)


At 31 December 2024
100
-
579,484
579,584


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
CHARING LODGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Charing Lodge Limited is a private company limited by shares and incorporated in England and Wales, registration number 04575597. The registered office is Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE.

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

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.

Page 4

 
CHARING LODGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

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 5

 
CHARING LODGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight Line / 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.

 
2.8

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.

 
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.

 
2.12

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.

Page 6

 
CHARING LODGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 73 (2023 - 73).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
325,000



At 31 December 2024

325,000



Amortisation


At 1 January 2024
325,000



At 31 December 2024

325,000



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 7

 
CHARING LODGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
313,476


Disposals
(175,498)



At 31 December 2024

137,978



Depreciation


At 1 January 2024
218,220


Charge for the year on owned assets
46,128


Disposals
(175,498)



At 31 December 2024

88,850



Net book value



At 31 December 2024
49,128



At 31 December 2023
95,256


6.


Debtors

2024
2023
£
£


Trade debtors
15,944
57,896

Other debtors
-
34,563

Prepayments and accrued income
251,339
127,439

267,283
219,898


Page 8

 
CHARING LODGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
799,597
1,077,133

799,597
1,077,133



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
65,695
158,588

Amounts owed to group undertakings
1,331
623,574

Corporation tax
131,572
124,186

Other taxation and social security
51,331
31,300

Other creditors
228,370
162,396

Accruals and deferred income
45,942
68,764

524,241
1,168,808



9.


Deferred taxation




2024


£






At beginning of year
(23,814)


Charged to profit or loss
11,631



At end of year
(12,183)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,282)
(23,814)

Pension contributions
99
-

(12,183)
(23,814)

Page 9

 
CHARING LODGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Contingent liabilities

The Company is party to a bank cross guarantee and debenture dated 22 March 2019.  The other parties to the cross guarantee are Arcus Capital (Oakwood) Ltd, Oakwood House (Norwich) Limited and Arcus Capital Limited.
The Company is also party to a bank cross guarantee and debenture dated 31 March 2016.  The other party to the cross guarantee is Arcus Capital Limited.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund. Contributions totalling £7,515 (2023 - £5,983) were payable to the fund at the reporting date and are included in creditors.


12.


Controlling party

The ultimate controlling party is Arcus Capital Limited, the parent of the Company. The registered office is Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE. Arcus Capital Limited files consolidated group accounts, which include the figures of Charing Lodge Limited.


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 23 June 2025 by Frank Shippam BSc FCA DChA (Senior Statutory Auditor) on behalf of MA Partners Audit LLP.

 
Page 10