Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31truefalsefalse2024-04-01No description of principal activity33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12988004 2024-04-01 2025-03-31 12988004 2025-03-31 12988004 2023-04-01 2024-03-31 12988004 2024-03-31 12988004 c:Director1 2024-04-01 2025-03-31 12988004 c:Director2 2024-04-01 2025-03-31 12988004 c:RegisteredOffice 2024-04-01 2025-03-31 12988004 d:OfficeEquipment 2024-04-01 2025-03-31 12988004 d:OfficeEquipment 2025-03-31 12988004 d:OfficeEquipment 2024-03-31 12988004 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12988004 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 12988004 d:FreeholdInvestmentProperty 2025-03-31 12988004 d:CurrentFinancialInstruments 2025-03-31 12988004 d:CurrentFinancialInstruments 2024-03-31 12988004 d:Non-currentFinancialInstruments 2025-03-31 12988004 d:Non-currentFinancialInstruments 2024-03-31 12988004 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12988004 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12988004 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 12988004 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12988004 d:ShareCapital 2025-03-31 12988004 d:ShareCapital 2024-03-31 12988004 d:RetainedEarningsAccumulatedLosses 2025-03-31 12988004 d:RetainedEarningsAccumulatedLosses 2024-03-31 12988004 c:FRS102 2024-04-01 2025-03-31 12988004 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12988004 c:FullAccounts 2024-04-01 2025-03-31 12988004 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12988004 2 2024-04-01 2025-03-31 12988004 6 2024-04-01 2025-03-31 12988004 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 12988004







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2025


SICARD LTD






































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SICARD LTD
 


 
COMPANY INFORMATION


Directors
A P Donoghue 
S K Lawrence 




Registered number
12988004



Registered office
Victoria House
50-58 Victoria Road

Farnborough

GU14 7PG




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


SICARD LTD
 



CONTENTS



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


 


SICARD LTD
REGISTERED NUMBER:12988004



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
  
33,801
-

Investments
 5 
1,355,511
1,452,229

Investment property
 6 
4,621,900
-

  
6,011,212
1,452,229

Current assets
  

Debtors: amounts falling due within one year
 7 
3,888,799
6,876,005

Current asset investments
 8 
3,307,235
1,575,352

Cash at bank and in hand
  
19,459
44,940

  
7,215,493
8,496,297

Creditors: amounts falling due within one year
 9 
(5,832,863)
(7,095,676)

Net current assets
  
 
 
1,382,630
 
 
1,400,621

Total assets less current liabilities
  
7,393,842
2,852,850

Creditors: amounts falling due after more than one year
 10 
(2,800,000)
(2,800,000)

  

Net assets
  
4,593,842
52,850


Capital and reserves
  

Called up share capital 
  
2,000,001
2,000,001

Profit and loss account
  
2,593,841
(1,947,151)

  
4,593,842
52,850


Page 1

 


SICARD LTD
REGISTERED NUMBER:12988004


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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: 12 August 2025.




................................................
A P Donoghue
Director

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

Page 2

 


SICARD LTD
 


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

1.


General information

Sicard Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

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

 
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 Statement of Financial Position. 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 reporting date in the countries where the Company operates and generates income.


Page 3

 


SICARD LTD
 


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

2.Accounting policies (continued)

 
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
-
25%

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2024 - 3).

Page 4

 


SICARD LTD
 


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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
36,054



At 31 March 2025

36,054



Depreciation


Charge for the period 
2,253



At 31 March 2025

2,253



Net book value



At 31 March 2025
33,801



At 31 March 2024
-


5.


Fixed asset investments





Investments in subsidiary companies
Other investments
Total

£
£
£



Cost or valuation


At 1 April 2024
-
1,452,229
1,452,229


Additions
1,355,511
-
1,355,511


Disposals
-
(1,452,229)
(1,452,229)



At 31 March 2025
1,355,511
-
1,355,511




Page 5

 


SICARD LTD
 


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

6.


Investment property


Freehold investment property

£



Valuation


Additions at cost
4,621,900



At 31 March 2025
4,621,900

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






7.


Debtors

2025
2024
£
£


Amounts owed by group undertakings
97,110
6,242,576

Other debtors
3,791,689
89,496

Prepayments and accrued income
-
543,933

3,888,799
6,876,005



8.


Current asset investments

2025
2024
£
£

Current asset investments
3,307,235
1,575,352

3,307,235
1,575,352


Page 6

 


SICARD LTD
 


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

9.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
-
490,000

Trade creditors
10,213
6,371

Other taxation and social security
601
801

Other creditors
4,432,726
5,642,911

Accruals and deferred income
1,389,323
955,593

5,832,863
7,095,676





10.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
2,800,000
2,800,000

2,800,000
2,800,000


 
Page 7