Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-052025-04-05false2true2024-04-06No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00787906 2024-04-06 2025-04-05 00787906 2023-04-06 2024-04-05 00787906 2025-04-05 00787906 2024-04-05 00787906 c:Director1 2024-04-06 2025-04-05 00787906 d:FurnitureFittings 2024-04-06 2025-04-05 00787906 d:FurnitureFittings 2025-04-05 00787906 d:FurnitureFittings 2024-04-05 00787906 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-06 2025-04-05 00787906 d:CurrentFinancialInstruments 2025-04-05 00787906 d:CurrentFinancialInstruments 2024-04-05 00787906 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-05 00787906 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 00787906 d:ShareCapital 2025-04-05 00787906 d:ShareCapital 2024-04-05 00787906 d:RevaluationReserve 2025-04-05 00787906 d:RevaluationReserve 2024-04-05 00787906 d:RetainedEarningsAccumulatedLosses 2025-04-05 00787906 d:RetainedEarningsAccumulatedLosses 2024-04-05 00787906 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-04-05 00787906 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-05 00787906 c:OrdinaryShareClass1 2024-04-06 2025-04-05 00787906 c:OrdinaryShareClass1 2025-04-05 00787906 c:OrdinaryShareClass1 2024-04-05 00787906 c:FRS102 2024-04-06 2025-04-05 00787906 c:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 00787906 c:FullAccounts 2024-04-06 2025-04-05 00787906 c:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 00787906 d:OtherDeferredTax 2025-04-05 00787906 d:OtherDeferredTax 2024-04-05 00787906 2 2024-04-06 2025-04-05 00787906 6 2024-04-06 2025-04-05 00787906 1 2025-04-05 00787906 1 2024-04-05 00787906 f:PoundSterling 2024-04-06 2025-04-05 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00787906









MICHAEL KROYER INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

 
MICHAEL KROYER INVESTMENTS LIMITED
REGISTERED NUMBER: 00787906

BALANCE SHEET
AS AT 5 APRIL 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
144
170

Investments
 5 
3,162,186
3,183,665

  
3,162,330
3,183,835

Current assets
  

Debtors: amounts falling due within one year
 6 
130,728
26,515

Cash at bank and in hand
  
134,669
413,573

  
265,397
440,088

Creditors: amounts falling due within one year
 7 
(5,700)
(179,972)

Net current assets
  
 
 
259,697
 
 
260,116

Provisions for liabilities
  

Deferred tax
 9 
(65,019)
(69,625)

Net assets
  
3,357,008
3,374,326


Capital and reserves
  

Called up share capital 
 10 
100
100

Revaluation reserve
  
195,058
208,876

Profit and loss account
  
3,161,850
3,165,350

  
3,357,008
3,374,326


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
MICHAEL KROYER INVESTMENTS LIMITED
REGISTERED NUMBER: 00787906
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I W Scott
Director

Date: 27 June 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MICHAEL KROYER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

1.


General information

Michael Kroyer Investments Limited ("the company") is a private company limited by shares, incorporated in England and Wales. The registered number is 00787906. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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 the Statement of comprehensive income using the effective interest method.

 
2.3

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.


Page 3

 
MICHAEL KROYER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

2.Accounting policies (continued)

 
2.4

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 annual basis:

Fixtures, fittings and equipment
-
15% 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 the Statement of comprehensive income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

In order to easily distinguish between realised and unrealised gains, any revaluation movements are transferred from profit or loss to a separate revaluation reserve during the year in which the revaluation takes place.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
MICHAEL KROYER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

2.Accounting policies (continued)

 
2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors 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

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

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.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Page 5

 
MICHAEL KROYER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

 
2.10

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.


Employees

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

Page 6

 
MICHAEL KROYER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost


At 6 April 2024
5,103



At 5 April 2025

5,103



Depreciation


At 6 April 2024
4,933


Charge for the year on owned assets
26



At 5 April 2025

4,959



Net book value



At 5 April 2025
144



At 5 April 2024
170

Page 7

 
MICHAEL KROYER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 6 April 2024
312,555
3,183,665
3,496,220


Disposals
-
(4,838)
(4,838)


Revaluations
-
(16,641)
(16,641)



At 5 April 2025
312,555
3,162,186
3,474,741



Impairment


At 6 April 2024
312,555
-
312,555



At 5 April 2025

312,555
-
312,555



Net book value



At 5 April 2025
-
3,162,186
3,162,186



At 5 April 2024
-
3,183,665
3,183,665

The historical cost of the listed investments at the year end is £2,974,739 (2024 - £2,977,794).


6.


Debtors

2025
2024
£
£


Other debtors
130,728
26,515



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other creditors
-
174,272

Accruals and deferred income
5,700
5,700

5,700
179,972


Page 8

 
MICHAEL KROYER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

8.


Financial instruments

2025
2024
£
£

Financial assets


Financial assets measured at fair value through profit or loss
3,162,186
3,183,665




Financial assets measured at fair value through profit or loss comprise fixed asset investments in companies listed on the London Stock Exchange. The fair value of these assets was determined using the relevant quoted market prices from the London Stock Exchange.


9.


Deferred taxation




2025


£






At beginning of year
(69,625)


Charged to the statement of comprehensive income
4,606



At end of year
(65,019)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Unrealised gain on revaluation of listed investments
(65,019)
(69,625)


10.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1 each
100
100



11.


Transactions with directors

During the year, the company advanced £192,329 (2024 - £Nil) to directors and was repaid £90,000 (2024 - £Nil) in respect of these advances. Interest of £936 (2024 - £Nil) was charged on the advances at the HMRC official rate of interest.

Page 9

 
MICHAEL KROYER INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

12.


Related party transactions

At the year end the company was owed £103,265 from directors (2024 - the company owed £161,272 to directors).

 
Page 10