Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false1truetrue2024-01-01falseNo description of principal activity1 11767812 2024-01-01 2024-12-31 11767812 2023-01-01 2023-12-31 11767812 2024-12-31 11767812 2023-12-31 11767812 2023-01-01 11767812 5 2023-01-01 2023-12-31 11767812 d:Director1 2024-01-01 2024-12-31 11767812 e:FreeholdInvestmentProperty 2024-12-31 11767812 e:FreeholdInvestmentProperty 2023-12-31 11767812 e:CurrentFinancialInstruments 2024-12-31 11767812 e:CurrentFinancialInstruments 2023-12-31 11767812 e:Non-currentFinancialInstruments 2024-12-31 11767812 e:Non-currentFinancialInstruments 2023-12-31 11767812 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 11767812 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 11767812 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 11767812 e:Non-currentFinancialInstruments e:AfterOneYear 2023-12-31 11767812 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-12-31 11767812 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-12-31 11767812 e:ShareCapital 2024-01-01 2024-12-31 11767812 e:ShareCapital 2024-12-31 11767812 e:ShareCapital 2023-01-01 2023-12-31 11767812 e:ShareCapital 2023-12-31 11767812 e:ShareCapital 2023-01-01 11767812 e:RevaluationReserve 2024-01-01 2024-12-31 11767812 e:RevaluationReserve 2024-12-31 11767812 e:RevaluationReserve 2023-01-01 2023-12-31 11767812 e:RevaluationReserve 2023-12-31 11767812 e:RevaluationReserve 2023-01-01 11767812 e:RevaluationReserve 5 2023-01-01 2023-12-31 11767812 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11767812 e:RetainedEarningsAccumulatedLosses 2024-12-31 11767812 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11767812 e:RetainedEarningsAccumulatedLosses 2023-12-31 11767812 e:RetainedEarningsAccumulatedLosses 2023-01-01 11767812 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 11767812 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 11767812 d:FRS102 2024-01-01 2024-12-31 11767812 d:Audited 2024-01-01 2024-12-31 11767812 d:FullAccounts 2024-01-01 2024-12-31 11767812 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11767812 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11767812 2 2024-01-01 2024-12-31 11767812 6 2024-01-01 2024-12-31 11767812 f:PoundSterling 2024-01-01 2024-12-31 11767812 e:RetainedEarningsAccumulatedLosses 5 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11767812










ARCUS CAPITAL (OAKWOOD) LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ARCUS CAPITAL (OAKWOOD) LTD
REGISTERED NUMBER: 11767812

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
4,670,000
4,670,000

Investment property
 6 
870,000
870,000

  
5,540,000
5,540,000

Current assets
  

Debtors: amounts falling due within one year
 7 
59,355
102,763

Cash at bank and in hand
 8 
106,337
47,506

  
165,692
150,269

Creditors: amounts falling due within one year
 9 
(913,465)
(2,491,429)

Net current liabilities
  
 
 
(747,773)
 
 
(2,341,160)

Total assets less current liabilities
  
4,792,227
3,198,840

Creditors: amounts falling due after more than one year
 10 
(1,314,190)
-

  

Net assets
  
3,478,037
3,198,840


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 13 
2,534,670
2,534,670

Profit and loss account
 13 
943,267
664,070

  
3,478,037
3,198,840


Page 1

 
ARCUS CAPITAL (OAKWOOD) LTD
REGISTERED NUMBER: 11767812
    
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

 
ARCUS CAPITAL (OAKWOOD) LTD
 

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
414,670
862,164
1,276,934


Comprehensive income for the year

Loss for the year
-
-
(198,094)
(198,094)

Surplus on revaluations
-
(400,000)
-
(400,000)

Surplus on revaluation of other fixed assets
-
2,520,000
-
2,520,000
Total comprehensive income for the year
-
2,120,000
(198,094)
1,921,906



At 1 January 2024
100
2,534,670
664,070
3,198,840


Comprehensive income for the year

Profit for the year
-
-
369,197
369,197
Total comprehensive income for the year
-
-
369,197
369,197


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(90,000)
(90,000)


At 31 December 2024
100
2,534,670
943,267
3,478,037


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

Page 3

 
ARCUS CAPITAL (OAKWOOD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Arcus Capital (Oakwood) Ltd is a private company limited by shares and incorporated in England and Wales, registration number 11767812. 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

Interest income

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

 
2.3

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.

 
2.4

Borrowing costs

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

Page 4

 
ARCUS CAPITAL (OAKWOOD) LTD
 
 
 
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

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.7

Valuation of investments

Investments in subsidiaries are remeasured at market value at each reporting date.  Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period.

 
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.

Page 5

 
ARCUS CAPITAL (OAKWOOD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade creditors, bank loans and amounts owed by and to group undertakings.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Consolidated statement of comprehensive income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
2.13

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

In applying the Company's accounting policies, the key sources of accounting judgements and estimation
uncertainty are in respect of the valuation of investment property.
Management have made key estimates over the valuation of the investment property that has a significant effect on the amounts recognised in the financial statements. The director has carried out a valuation review of the investment property to ensure that it is shown at fair value. This valuation is based on professional valuations undertaken by Chartered Surveyors. 


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
ARCUS CAPITAL (OAKWOOD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
4,670,000



At 31 December 2024
4,670,000





6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
870,000



At 31 December 2024
870,000

The 2024 valuations were made by the director based on a valuation report by Knight Frank LLP dated 09 April 2024, on an open market value for existing use basis.





Page 7

 
ARCUS CAPITAL (OAKWOOD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
50,000

Prepayments and accrued income
9,800
3,208

Deferred taxation
49,555
49,555

59,355
102,763



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
106,337
47,506

106,337
47,506



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
77,681
2,436,429

Amounts owed to group undertakings
831,459
50,000

Accruals and deferred income
4,325
5,000

913,465
2,491,429


The following liabilities were secured:

2024
2023
£
£



Bank loans
77,681
2,436,426

77,681
2,436,426

Details of security provided:

Bank loans are secured by way of a fixed charge over the Company's investment property.

Page 8

 
ARCUS CAPITAL (OAKWOOD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,314,190
-

1,314,190
-


The following liabilities were secured:

2024
2023
£
£



Bank loans
1,314,190
-

1,314,190
-

Details of security provided:

Bank loans are secured by way of a fixed charge over the Company's investment property.


11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
77,681
2,436,429


77,681
2,436,429


Amounts falling due 2-5 years

Bank loans
1,314,190
-


1,314,190
-


1,391,871
2,436,429


Page 9

 
ARCUS CAPITAL (OAKWOOD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
106,337
106,337




Financial assets measured at fair value through profit or loss comprise...


13.


Reserves

Revaluation reserve

The revaluation reserve represents the accumulated unrealised gains in respect of revaluations of fixed asset investments and investment property.

Profit and loss account

The profit and loss account represents cumulative profits net of dividends paid and other adjustments.


14.


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 Charing Lodge Limited, Oakwood House (Norwich) Limited and Arcus Capital Limited.


15.


Controlling party

The ultimate controlling party is Arcus Capital Limited by virtue of its 100% shareholding in 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 Arcus Capital (Oakwood) Limited.


16.


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