Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11386070 2024-04-01 2025-03-31 11386070 2023-06-01 2024-03-31 11386070 2025-03-31 11386070 2024-03-31 11386070 c:Director1 2024-04-01 2025-03-31 11386070 c:Director2 2024-04-01 2025-03-31 11386070 c:Director3 2024-04-01 2025-03-31 11386070 c:Director4 2024-04-01 2025-03-31 11386070 c:Director5 2024-04-01 2025-03-31 11386070 c:RegisteredOffice 2024-04-01 2025-03-31 11386070 d:Buildings 2024-04-01 2025-03-31 11386070 d:Buildings 2025-03-31 11386070 d:Buildings 2024-03-31 11386070 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 11386070 d:CurrentFinancialInstruments 2025-03-31 11386070 d:CurrentFinancialInstruments 2024-03-31 11386070 d:Non-currentFinancialInstruments 2025-03-31 11386070 d:Non-currentFinancialInstruments 2024-03-31 11386070 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11386070 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11386070 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 11386070 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11386070 d:ShareCapital 2025-03-31 11386070 d:ShareCapital 2024-03-31 11386070 d:RetainedEarningsAccumulatedLosses 2025-03-31 11386070 d:RetainedEarningsAccumulatedLosses 2024-03-31 11386070 c:FRS102 2024-04-01 2025-03-31 11386070 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11386070 c:FullAccounts 2024-04-01 2025-03-31 11386070 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11386070 2 2024-04-01 2025-03-31 11386070 6 2024-04-01 2025-03-31 11386070 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 11386070







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


PROPCO (BISHOPS STORTFORD) LIMITED






































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PROPCO (BISHOPS STORTFORD) LIMITED
 


 
COMPANY INFORMATION


Directors
Mr T J Carroll 
Mr P J Dixon 
Mr J A Halton 
Mr L C Hollick 
Mr A G Winstanley 




Registered number
11386070



Registered office
4 Elm Place
Old Witney Road

Eynsham

Oxfordshire

OX29 4BD




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


PROPCO (BISHOPS STORTFORD) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


PROPCO (BISHOPS STORTFORD) LIMITED
REGISTERED NUMBER:11386070



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,015,129
9,310,691

Investments
  
100
100

  
14,015,229
9,310,791

Current assets
  

Debtors: amounts falling due within one year
 6 
2,017,187
1,086,340

Cash at bank and in hand
  
5,197
218,599

  
2,022,384
1,304,939

Creditors: amounts falling due within one year
 7 
(13,789,308)
(7,190,984)

Net current liabilities
  
 
 
(11,766,924)
 
 
(5,886,045)

Total assets less current liabilities
  
2,248,305
3,424,746

Creditors: amounts falling due after more than one year
  
(3,121,641)
(3,428,641)

  

Net liabilities
  
(873,336)
(3,895)

Page 1

 


PROPCO (BISHOPS STORTFORD) LIMITED
REGISTERED NUMBER:11386070


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(873,436)
(3,995)

  
(873,336)
(3,895)


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: 

Mr P J Dixon
Director

Date: 22 July 2025

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

Page 2

 


PROPCO (BISHOPS STORTFORD) LIMITED
 


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

1.


General information

Propco (Bishops Stortford) Limited is a private company limited by shares, registered in England and Wales. The address of it's registered office is disclosed on the company information page.
The March 2024 financial statements were prepared from the 1 June 2023 to 31 March 2024, so the figures are not comparable.

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:

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.

 
2.5

Borrowing costs

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

Page 3

 


PROPCO (BISHOPS STORTFORD) LIMITED
 


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

2.Accounting policies (continued)

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
No Depreciation

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss 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.

 
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.

Page 4

 


PROPCO (BISHOPS STORTFORD) LIMITED
 


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

2.Accounting policies (continued)

 
2.11

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 Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - NIL).

Page 5

 


PROPCO (BISHOPS STORTFORD) LIMITED
 


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

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2024
9,310,691


Additions
4,893,832



At 31 March 2025

14,204,523



Depreciation


Charge for the year on owned assets
189,394



At 31 March 2025

189,394



Net book value



At 31 March 2025
14,015,129



At 31 March 2024
9,310,691


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2024
100



At 31 March 2025
100




Page 6

 


PROPCO (BISHOPS STORTFORD) LIMITED
 


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

6.


Debtors

2025
2024
£
£


Amounts owed by group undertakings
126,000
66,000

Other debtors
1,147,000
1,020,340

Prepayments and accrued income
744,187
-

2,017,187
1,086,340



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
13,313,032
6,979,828

Other creditors
312,000
208,056

Accruals and deferred income
164,276
3,100

13,789,308
7,190,984



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
3,121,641
3,428,641

3,121,641
3,428,641



9.


Related party transactions

At the year end, there were amounts due to a director by the company amounting to £3,121,641 (2024 - £3,121,641).


10.


Controlling party

The ultimate controlling parties are J A Halton and P J Dixon by virtue of their majority shareholdings.

 
Page 7