Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03545458 2024-04-01 2025-03-31 03545458 2023-04-01 2024-03-31 03545458 2025-03-31 03545458 2024-03-31 03545458 c:Director1 2024-04-01 2025-03-31 03545458 c:Director2 2024-04-01 2025-03-31 03545458 c:RegisteredOffice 2024-04-01 2025-03-31 03545458 d:ComputerEquipment 2024-04-01 2025-03-31 03545458 d:ComputerEquipment 2025-03-31 03545458 d:ComputerEquipment 2024-03-31 03545458 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03545458 d:FreeholdInvestmentProperty 2025-03-31 03545458 d:FreeholdInvestmentProperty 2024-03-31 03545458 d:CurrentFinancialInstruments 2025-03-31 03545458 d:CurrentFinancialInstruments 2024-03-31 03545458 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03545458 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03545458 d:ShareCapital 2025-03-31 03545458 d:ShareCapital 2024-03-31 03545458 d:RetainedEarningsAccumulatedLosses 2025-03-31 03545458 d:RetainedEarningsAccumulatedLosses 2024-03-31 03545458 c:FRS102 2024-04-01 2025-03-31 03545458 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03545458 c:FullAccounts 2024-04-01 2025-03-31 03545458 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03545458 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 03545458







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


BONDCREST ENTERPRISES LIMITED






































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BONDCREST ENTERPRISES LIMITED
 


 
COMPANY INFORMATION


Directors
H Desai 
R Desai 




Registered number
03545458



Registered office
19 Shirehall Close

London

NW4 2QR




Accountants
Menzies LLP
Chartered Accountants

95 Gresham Street

London

EC2V 7AB





 


BONDCREST ENTERPRISES LIMITED
REGISTERED NUMBER:03545458



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,549
2,606

Investment property
 5 
2,935,000
2,935,000

  
2,937,549
2,937,606

Current assets
  

Debtors
  
-
531

Cash at bank and in hand
  
69,369
66,213

  
69,369
66,744

Creditors: amounts falling due within one year
 6 
(481,986)
(513,956)

Net current liabilities
  
 
 
(412,617)
 
 
(447,212)

Total assets less current liabilities
  
2,524,932
2,490,394

Provisions for liabilities
  

Deferred tax
  
(327,738)
(327,738)

  
 
 
(327,738)
 
 
(327,738)

Net assets
  
2,197,194
2,162,656


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,196,194
2,161,656

  
2,197,194
2,162,656


Page 1

 


BONDCREST ENTERPRISES LIMITED
REGISTERED NUMBER:03545458


    
STATEMENT OF FINANCIAL POSITION (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 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 by: 




H Desai
Director

Date: 25 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


BONDCREST ENTERPRISES LIMITED
 


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

1.


General information

Bondcrest Enterprises Limited is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page. 
The presentation currency of the financial statements is the Pound Sterling (£).

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 generated through rental income and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


BONDCREST ENTERPRISES LIMITED
 


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

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
33%
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

Investment property

Investment property is carried at fair value determined annually by directors 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 profit or loss.

Page 4

 


BONDCREST ENTERPRISES LIMITED
 


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

2.Accounting policies (continued)

 
2.7

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.

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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 5

 


BONDCREST ENTERPRISES LIMITED
 


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

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2024
36,647


Additions
1,199



At 31 March 2025

37,846



Depreciation


At 1 April 2024
34,041


Charge for the year on owned assets
1,256



At 31 March 2025

35,297



Net book value



At 31 March 2025
2,549



At 31 March 2024
2,606


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
2,935,000



At 31 March 2025
2,935,000

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




Page 6

 


BONDCREST ENTERPRISES LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other loans
462,000
499,999

Corporation tax
8,043
2,925

Other taxation and social security
1,185
-

Other creditors
9,108
9,108

Accruals and deferred income
1,650
1,924

481,986
513,956



7.


Prior year adjustment

In the prior year, a revaluation gain of £1,885,000 and deferred tax adjustments of £306,661.90 on investment property were posted to other reserves rather of being recognised in the profit and loss. As a result,the comparative figures have now been restated to reflect the correct accounting treatment. This adjustment has no impact on the retained earnings.


8.


Related party transactions

Included in other loans is an amount of £462,000 (2024: £499,999) owed by the company to its ultimate shareholder.  The loan is interest free and repayable on demand.

 
Page 7