Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-302025-06-302024-07-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07513107 2024-06-30 07513107 2024-07-01 2025-06-30 07513107 2023-02-01 2024-01-31 07513107 2025-06-30 07513107 2024-01-31 07513107 2023-02-01 07513107 2 2024-07-01 2025-06-30 07513107 d:Director2 2024-07-01 2025-06-30 07513107 e:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 07513107 e:OtherPropertyPlantEquipment 2025-06-30 07513107 e:OtherPropertyPlantEquipment 2024-01-31 07513107 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 07513107 e:FreeholdInvestmentProperty 2024-07-01 2025-06-30 07513107 e:FreeholdInvestmentProperty 2025-06-30 07513107 e:FreeholdInvestmentProperty 2024-01-31 07513107 e:CurrentFinancialInstruments 2025-06-30 07513107 e:CurrentFinancialInstruments 2024-01-31 07513107 e:CurrentFinancialInstruments e:WithinOneYear 2025-06-30 07513107 e:CurrentFinancialInstruments e:WithinOneYear 2024-01-31 07513107 e:ShareCapital 2024-07-01 2025-06-30 07513107 e:ShareCapital 2025-06-30 07513107 e:ShareCapital 2023-02-01 2024-01-31 07513107 e:ShareCapital 2024-01-31 07513107 e:ShareCapital 2023-02-01 07513107 e:SharePremium 2024-07-01 2025-06-30 07513107 e:SharePremium 2025-06-30 07513107 e:SharePremium 2 2024-07-01 2025-06-30 07513107 e:SharePremium 2023-02-01 2024-01-31 07513107 e:SharePremium 2024-01-31 07513107 e:SharePremium 2023-02-01 07513107 e:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 07513107 e:RetainedEarningsAccumulatedLosses 2025-06-30 07513107 e:RetainedEarningsAccumulatedLosses 2 2024-07-01 2025-06-30 07513107 e:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 07513107 e:RetainedEarningsAccumulatedLosses 2024-01-31 07513107 e:RetainedEarningsAccumulatedLosses 2023-02-01 07513107 d:FRS102 2024-07-01 2025-06-30 07513107 d:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 07513107 d:FullAccounts 2024-07-01 2025-06-30 07513107 d:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 07513107 e:AcceleratedTaxDepreciationDeferredTax 2025-06-30 07513107 e:AcceleratedTaxDepreciationDeferredTax 2024-01-31 07513107 e:OtherDeferredTax 2025-06-30 07513107 e:OtherDeferredTax 2024-01-31 07513107 2 2024-07-01 2025-06-30 07513107 e:ShareCapital 2 2024-07-01 2025-06-30 iso4217:GBP xbrli:pure
Registered number: 07513107


LOCKGATES PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 30 JUNE 2025

 
LOCKGATES PROPERTIES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3 - 4
Notes to the Financial Statements
 
5 - 10


 
LOCKGATES PROPERTIES LIMITED
REGISTERED NUMBER:07513107

BALANCE SHEET
AS AT 30 JUNE 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
5,918

Investment property
 5 
-
825,000

  
-
830,918

Current assets
  

Debtors: amounts falling due within one year
 6 
-
543

Cash at bank and in hand
 7 
557,174
63,578

  
557,174
64,121

Creditors: amounts falling due within one year
 8 
(12,051)
(16,661)

Net current assets
  
 
 
545,123
 
 
47,460

Total assets less current liabilities
  
545,123
878,378

Provisions for liabilities
  

Deferred tax
 9 
-
(47,764)

  
 
 
-
 
 
(47,764)

Net assets
  
545,123
830,614


Capital and reserves
  

Called up share capital 
  
164
163,561

Share premium account
  
-
371,439

Profit and loss account
  
544,959
295,614

  
545,123
830,614

Page 1

 
LOCKGATES PROPERTIES LIMITED
REGISTERED NUMBER:07513107
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 period 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.

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






................................................
A P Cockerill
Director

Date: 10 July 2025


The notes on pages 5 to 10 form part of these financial statements.
Page 2

 
LOCKGATES PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2025


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 July 2024
163,561
371,439
295,614
830,614


Comprehensive income for the period

Profit for the period
-
-
57,987
57,987
Total comprehensive income for the period
-
-
57,987
57,987


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(343,478)
(343,478)

Shares cancelled during the period
(163,397)
-
-
(163,397)

Transfer to profit and loss account
-
(371,439)
-
(371,439)

Transfers re share capital and share premium reduction
-
-
534,836
534,836


Total transactions with owners
(163,397)
(371,439)
191,358
(343,478)


At 30 June 2025
164
-
544,959
545,123


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
LOCKGATES PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JANUARY 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 February 2023
163,561
371,439
302,136
837,136


Comprehensive income for the year

Profit for the year
-
-
26,190
26,190
Total comprehensive income for the year
-
-
26,190
26,190


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(32,712)
(32,712)


Total transactions with owners
-
-
(32,712)
(32,712)


At 30 June 2024
163,561
371,439
295,614
830,614


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
LOCKGATES PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025

1.


General information

Lockgates Properties Limited  is a company limited by shares, domiciled in England and Wales, registered number 07513107.
The registered office and principal place of business is Century House,Tthe Lakes, Northampton, NN4 7HD.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

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.

Page 5

 
LOCKGATES PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period 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

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, using the straight-line method.

Depreciation is provided on the following basis:

Property improvements
-
25%
straight line

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.

  
2.7

Investment property

Investment property is carried at fair value determined annually by the 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 6

 
LOCKGATES PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
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 made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.12

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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 Statement of Comprehensive Income.

Page 7

 
LOCKGATES PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025

2.Accounting policies (continued)


2.12
Financial instruments (continued)

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
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.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2025
        2024
            No.
            No.







Employees
2
2

Page 8

 
LOCKGATES PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025

4.


Tangible fixed assets





Property improvements

£





At 1 July 2024
56,364


Disposals
(56,364)



At 30 June 2025

-





At 1 July 2024
50,446


Charge for the period on owned assets
3,738


Disposals
(54,184)



At 30 June 2025

-



Net book value



At 30 June 2025
-



At 30 June 2024
5,918


5.


Investment property


Freehold investment property

£





At 1 July 2024
825,000


Disposals
(825,000)



At 30 June 2025
-

The investment property was sold on 10 January 2025.



Page 9

 
LOCKGATES PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025

6.


Debtors

2025
2024
£
£


Prepayments and accrued income
-
543



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
557,174
63,578



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
10,207
9,911

Other creditors
-
5,250

Accruals and deferred income
1,844
1,500

12,051
16,661



9.


Deferred taxation




2025


£






At beginning of year
(47,764)


Charged to profit or loss
47,764



At end of year
-

The deferred taxation balance is made up as follows:

2025
2024
£
£


Accelerated capital allowances
-
(1,479)

Gain on revaluation of investment property
-
(46,285)

-
(47,764)

Page 10

 
LOCKGATES PROPERTIES LIMITED
 
 
Page 11