Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity2828truetruefalse 00749778 2024-01-01 2024-12-31 00749778 2023-01-01 2023-12-31 00749778 2024-12-31 00749778 2023-12-31 00749778 2023-01-01 00749778 c:Director2 2024-01-01 2024-12-31 00749778 d:Buildings 2024-01-01 2024-12-31 00749778 d:Buildings 2024-12-31 00749778 d:Buildings 2023-12-31 00749778 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00749778 d:PlantMachinery 2024-01-01 2024-12-31 00749778 d:PlantMachinery 2024-12-31 00749778 d:PlantMachinery 2023-12-31 00749778 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00749778 d:MotorVehicles 2024-01-01 2024-12-31 00749778 d:MotorVehicles 2024-12-31 00749778 d:MotorVehicles 2023-12-31 00749778 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00749778 d:FurnitureFittings 2024-01-01 2024-12-31 00749778 d:FurnitureFittings 2024-12-31 00749778 d:FurnitureFittings 2023-12-31 00749778 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00749778 d:ComputerEquipment 2024-01-01 2024-12-31 00749778 d:ComputerEquipment 2024-12-31 00749778 d:ComputerEquipment 2023-12-31 00749778 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00749778 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 00749778 d:OtherPropertyPlantEquipment 2024-12-31 00749778 d:OtherPropertyPlantEquipment 2023-12-31 00749778 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00749778 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00749778 d:CurrentFinancialInstruments 2024-12-31 00749778 d:CurrentFinancialInstruments 2023-12-31 00749778 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00749778 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00749778 d:ShareCapital 2024-12-31 00749778 d:ShareCapital 2023-12-31 00749778 d:RevaluationReserve 2024-12-31 00749778 d:RevaluationReserve 2023-12-31 00749778 d:RetainedEarningsAccumulatedLosses 2024-12-31 00749778 d:RetainedEarningsAccumulatedLosses 2023-12-31 00749778 c:OrdinaryShareClass1 2024-01-01 2024-12-31 00749778 c:OrdinaryShareClass1 2024-12-31 00749778 c:OrdinaryShareClass1 2023-12-31 00749778 c:FRS102 2024-01-01 2024-12-31 00749778 c:Audited 2024-01-01 2024-12-31 00749778 c:FullAccounts 2024-01-01 2024-12-31 00749778 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00749778 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00749778 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 00749778 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 00749778 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 00749778 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 00749778 5 2024-01-01 2024-12-31 00749778 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00749778










KRAUS & NAIMER LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
KRAUS & NAIMER LIMITED
REGISTERED NUMBER: 00749778

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,200,262
1,271,930

  
1,200,262
1,271,930

Current assets
  

Stocks
 5 
761,389
1,017,455

Debtors: amounts falling due within one year
 6 
764,866
1,249,630

Cash at bank and in hand
 7 
3,879,086
3,240,011

  
5,405,341
5,507,096

Creditors: amounts falling due within one year
 8 
(563,800)
(1,089,195)

Net current assets
  
 
 
4,841,541
 
 
4,417,901

Total assets less current liabilities
  
6,041,803
5,689,831

Provisions for liabilities
  

Deferred tax
 9 
-
(5,227)

  
 
 
-
 
 
(5,227)

Net assets
  
6,041,803
5,684,604


Capital and reserves
  

Called up share capital 
 10 
500,000
500,000

Revaluation reserve
  
812,886
812,886

Profit and loss account
  
4,728,917
4,371,718

  
6,041,803
5,684,604


Page 1

 
KRAUS & NAIMER LIMITED
REGISTERED NUMBER: 00749778

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 R Donoghue
Director

Date: 24 June 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Kraus & Naimer Limited is a private company limited by shares (00749778), incorporated in England and Wales. The principal place of trade and registered office of the Company is 115 London Road, Newbury, Berkshire, RG14 2AH.

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:

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Pensions

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.

 
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.

Page 3

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using varying methods.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant & machinery
-
10-20% straight line or reducing balance
Motor vehicles
-
25% straight line
Fixtures & fittings
-
15-33% straight line or reducing balance
Computer equipment
-
15-25% straight line or reducing balance
Assets under construction
-
N/a

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

Revaluation of tangible fixed assets

On transition to FRS102, the company elected to use the revalued amount in respect of freehold property which was frozen on previous transition to FRS15 as the deemed cost of £1,160,502. On transition to FRS102 this amount subsequently became the deemed cost of the freehold property and depreciation is provided on this deemed cost. Differences between the depreciation on the original cost and the depreciation on the deemed cost are transferred from the revaluation reserve to profit and loss account annually. As a result of electing this value as deemed cost the company subsequently ceased to apply a policy of revaluation to freehold property. The value frozen as deemed cost is that from 1986.

 
2.7

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 weighted average basis. Trade discounts, rebates and other similar items are deducted in determining the costs of purchase. 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. 

 
2.8

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.
 
 
2.9

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Page 4

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


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.

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.

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.
 
Page 5

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

All foreign exchange gains and losses are presented in the Statement of comprehensive income
within 'Administration expenses'.

 
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.

Page 6

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 28).

Page 7

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment

£
£
£
£
£



Cost or revalued amount


At 1 January 2024
1,160,502
324,895
212,140
78,250
253,743


Additions
-
-
-
2,162
6,600



At 31 December 2024

1,160,502
324,895
212,140
80,412
260,343



Depreciation


At 1 January 2024
198,803
268,233
104,614
71,629
204,071


Charge for the year on owned assets
7,126
10,679
44,941
2,572
15,112



At 31 December 2024

205,929
278,912
149,555
74,201
219,183



Net book value



At 31 December 2024
954,573
45,983
62,585
6,211
41,160



At 31 December 2023
961,699
56,662
107,526
6,621
49,672
Page 8

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

           4.Tangible fixed assets (continued)


Assets under construction
Total

£
£



Cost or revalued amount


At 1 January 2024
89,750
2,119,280


Additions
-
8,762



At 31 December 2024

89,750
2,128,042



Depreciation


At 1 January 2024
-
847,350


Charge for the year on owned assets
-
80,430



At 31 December 2024

-
927,780



Net book value



At 31 December 2024
89,750
1,200,262



At 31 December 2023
89,750
1,271,930

Cost or valuation at 31 December 2024 is as follows:

Land and buildings
£


At cost
-
At valuation:

1986 at open market value
1,160,502



1,160,502

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
1,160,502
1,160,502

Accumulated depreciation
(205,929)
(198,803)

Net book value
954,573
961,699

Included in land and buildings is freehold land at valuation of £773,668 (2023: £773,668) which is not depreciated.

Page 9

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
761,389
1,017,455



6.


Debtors: Amounts falling due within one year

2024
2023
£
£


Trade debtors
675,341
1,175,697

Amounts owed by group undertakings
-
5,012

Other debtors
693
-

Prepayments and accrued income
82,993
68,921

Deferred taxation
5,839
-

764,866
1,249,630



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,879,086
3,240,011



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
26,887
59,919

Amounts owed to group undertakings
142,721
360,678

Corporation tax
3,516
256,723

Other taxation and social security
282,123
309,134

Other creditors
108,553
102,741

563,800
1,089,195


Page 10

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(5,227)
(10,299)


Charged to profit or loss
11,066
5,072



At end of year
5,839
(5,227)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
4,489
(5,855)

Short term timing differences
1,350
628

5,839
(5,227)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



500,000 (2023 - 500,000) Ordinary shares of £1.00 each
500,000
500,000



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 and amounted to £97,938 (2023 - £104,656). Contributions totalling £9,572 (2023 - £7,488) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

The Company is exempt under Paragraph 33.1A of FRS 102 from disclosing related party transactions
with wholly owned entities that are part of the group headed by Tropa Holding Limited. Amounts owed to and from the group at year end are detailed in note 7 and 9.

Page 11

 
KRAUS & NAIMER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.


Controlling party

The parent of both the smallest and largest group of undertakings, for which group accounts including the company are prepared is Tropa Holding Limited, a company incorporated in Liechtenstein. Copies of the financial statements of the company are available at Tropa Holding Limited, Im Rietle 22, 9494 Schaan, Liechtenstein
The company is ultimately owned by the Sewa-Stiftung discretionary trust, which has two trustees. There is no one person or entity that can or does exercise control over the Sewa-Stiftung discretionary trust.


14.


Auditor's information

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

The audit report was signed on 26 June 2025 by Jonathan Baillie BA (Hons) FCCA ACA (Senior statutory auditor) on behalf of James Cowper Kreston Audit.

Page 12