Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-013falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05572909 2024-03-01 2025-02-28 05572909 2023-03-01 2024-02-29 05572909 2025-02-28 05572909 2024-02-29 05572909 c:Director1 2024-03-01 2025-02-28 05572909 d:Buildings d:LongLeaseholdAssets 2024-03-01 2025-02-28 05572909 d:Buildings d:LongLeaseholdAssets 2025-02-28 05572909 d:Buildings d:LongLeaseholdAssets 2024-02-29 05572909 d:FurnitureFittings 2024-03-01 2025-02-28 05572909 d:FurnitureFittings 2025-02-28 05572909 d:FurnitureFittings 2024-02-29 05572909 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 05572909 d:OfficeEquipment 2024-03-01 2025-02-28 05572909 d:OfficeEquipment 2025-02-28 05572909 d:OfficeEquipment 2024-02-29 05572909 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 05572909 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 05572909 d:FreeholdInvestmentProperty 2025-02-28 05572909 d:FreeholdInvestmentProperty 3 2024-03-01 2025-02-28 05572909 d:CurrentFinancialInstruments 2025-02-28 05572909 d:CurrentFinancialInstruments 2024-02-29 05572909 d:Non-currentFinancialInstruments 2025-02-28 05572909 d:Non-currentFinancialInstruments 2024-02-29 05572909 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 05572909 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05572909 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 05572909 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 05572909 d:ShareCapital 2025-02-28 05572909 d:ShareCapital 2024-02-29 05572909 d:RetainedEarningsAccumulatedLosses 2025-02-28 05572909 d:RetainedEarningsAccumulatedLosses 2024-02-29 05572909 c:OrdinaryShareClass1 2024-03-01 2025-02-28 05572909 c:OrdinaryShareClass1 2025-02-28 05572909 c:OrdinaryShareClass1 2024-02-29 05572909 c:FRS102 2024-03-01 2025-02-28 05572909 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05572909 c:FullAccounts 2024-03-01 2025-02-28 05572909 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05572909 6 2024-03-01 2025-02-28 05572909 f:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05572909













Stateplus Limited

Financial statements
Information for filing with the registrar

28 February 2025




 
Stateplus Limited


Balance sheet
At 28 February 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,807
1,725,976

Investments
 5 
105
105

Investment property
 6 
1,711,935
-

  
1,720,847
1,726,081

Current assets
  

Debtors
 7 
1,992,164
2,052,986

Cash at bank and in hand
  
15,795
18,398

  
2,007,959
2,071,384

Creditors: amounts falling due within one year
 8 
(86,461)
(77,621)

Net current assets
  
 
 
1,921,498
 
 
1,993,763

Total assets less current liabilities
  
3,642,345
3,719,844

Creditors: amounts falling due after more than one year
 9 
(2,976,547)
(3,093,815)

Provisions for liabilities
  

Deferred tax
  
(28,964)
(29,813)

Net assets
  
636,834
596,216


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
636,832
596,214

Shareholders' funds
  
636,834
596,216


1

 
Stateplus Limited

    
Balance sheet (continued)
At 28 February 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 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 July 2025.




Lyn Dayson
Director

Company registered number: 05572909
The notes on pages 3 to 7 form part of these financial statements. 

2

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 28 February 2025

1.


General information

Stateplus Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdon and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents amounts receivable under operating leases during the year.

 
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.


3

 
Stateplus Limited
 

 
Notes to the financial statements
Year ended 28 February 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.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Depreciation is provided on the following basis:

Property improvements
-
20%
straight line
Office equipment
-
33%
reducing balance

 
2.5

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 : 3)


4

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 28 February 2025

4.


Tangible fixed assets







Land and buildings
Property Improvements
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2024
1,711,935
31,140
7,627
1,750,702


Additions
-
-
1,598
1,598


Transfers between classes
(1,711,935)
-
-
(1,711,935)



At 28 February 2025

-
31,140
9,225
40,365



Depreciation


At 1 March 2024
-
18,684
6,042
24,726


Charge for the year 
-
6,978
(146)
6,832



At 28 February 2025

-
25,662
5,896
31,558



Net book value



At 28 February 2025
-
5,478
3,329
8,807



At 29 February 2024
1,711,935
12,456
1,585
1,725,976

5

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 28 February 2025

5.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 March 2024
105



At 28 February 2025

105






Net book value



At 28 February 2025
105



At 29 February 2024
105


6.


Investment property





Freehold investment property

£



Valuation


Transfers between classes
1,711,935



At 28 February 2025
1,711,935







6

 
Stateplus Limited
 
 

Notes to the financial statements
Year ended 28 February 2025

7.


Debtors


28 February
29 February
2025
2024
£
£


Trade debtors
3,838
2,939

Amounts owed by group undertakings
1,973,919
2,039,919

Other debtors
4,694
496

Prepayments and accrued income
9,713
9,632

1,992,164
2,052,986



8.


Creditors: amounts falling due within one year

28 February
29 February
2025
2024
£
£

Corporation tax
14,443
12,574

Other taxation and social security
7,031
6,344

Other creditors
4,599
-

Accruals and deferred income
60,388
58,703

86,461
77,621



9.


Creditors: amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Other creditors
2,976,547
3,093,815

2,976,547
3,093,815



10.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



2 (2024 : 2) Ordinary shares of £1.00 each
2
2


 
7