Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false2024-04-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14645598 2024-04-01 2025-03-31 14645598 2023-02-07 2024-03-31 14645598 2025-03-31 14645598 2024-03-31 14645598 c:Director1 2024-04-01 2025-03-31 14645598 d:OfficeEquipment 2024-04-01 2025-03-31 14645598 d:OfficeEquipment 2025-03-31 14645598 d:OfficeEquipment 2024-03-31 14645598 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14645598 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 14645598 d:FreeholdInvestmentProperty 2025-03-31 14645598 d:CurrentFinancialInstruments 2025-03-31 14645598 d:CurrentFinancialInstruments 2024-03-31 14645598 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 14645598 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14645598 d:ShareCapital 2025-03-31 14645598 d:ShareCapital 2024-03-31 14645598 d:RetainedEarningsAccumulatedLosses 2025-03-31 14645598 d:RetainedEarningsAccumulatedLosses 2024-03-31 14645598 c:FRS102 2024-04-01 2025-03-31 14645598 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14645598 c:FullAccounts 2024-04-01 2025-03-31 14645598 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14645598 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-01 2025-03-31 14645598 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-03-31 14645598 2 2024-04-01 2025-03-31 14645598 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 14645598










FARGO SHELDRAKE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
FARGO SHELDRAKE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FARGO SHELDRAKE LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fargo Sheldrake Limited for the year ended 31 March 2025 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Fargo Sheldrake Limited in accordance with the terms of our engagement letter dated 11 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of Fargo Sheldrake Limited and state those matters that we have agreed to state to the director of Fargo Sheldrake Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fargo Sheldrake Limited and its director for our work or for this report. 

It is your duty to ensure that Fargo Sheldrake Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fargo Sheldrake Limited. You consider that Fargo Sheldrake Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Fargo Sheldrake Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
7 August 2025
Page 1

 
FARGO SHELDRAKE LIMITED
REGISTERED NUMBER: 14645598

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,562
2,082

Investment property
 5 
79,720
-

  
81,282
2,082

Current assets
  

Debtors: amounts falling due within one year
 6 
276,185
170,805

Cash at bank and in hand
  
115,533
101,852

  
391,718
272,657

Creditors: amounts falling due within one year
 7 
(116,252)
(91,418)

Net current assets
  
 
 
275,466
 
 
181,239

Total assets less current liabilities
  
356,748
183,321

  

Net assets
  
356,748
183,321


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
356,747
183,320

  
356,748
183,321


Page 2

 
FARGO SHELDRAKE LIMITED
REGISTERED NUMBER: 14645598
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The director considers 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 director acknowledges his 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 profit and loss account 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 on 7 August 2025.




S F Sheldrake
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
FARGO SHELDRAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Fargo Sheldrake Limited is a United Kingdom Company limited by shares. It is incorporated and domiciled in England and Wales. The registered office address is 7 The Close, Norwich, NR1 4DJ.
The Company's principal activity is the provision of surveying services in England.

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.

Page 4

 
FARGO SHELDRAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

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.

 
2.6

Taxation

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.


 
2.7

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:

Office equipment
-
20%
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.

 
2.8

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.

Page 5

 
FARGO SHELDRAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 1 (2024 - 1).

Page 6

 
FARGO SHELDRAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2024
2,602



At 31 March 2025

2,602



Depreciation


At 1 April 2024
520


Charge for the year on owned assets
520



At 31 March 2025

1,040



Net book value



At 31 March 2025
1,562



At 31 March 2024
2,082


5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
79,720



At 31 March 2025
79,720

The 2025 valuations were made by the director, on an open market value for existing use basis.




Page 7

 
FARGO SHELDRAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
276,185
170,805

276,185
170,805



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
94,925
79,501

Other taxation and social security
949
-

Other creditors
51
99

Accruals and deferred income
20,327
11,818

116,252
91,418



8.


Related party transactions

As at 31 March 2025 the balance owed to the director was £51 (2024: £99).

 
Page 8