Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31trueNo description of principal activity2024-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC361658 2024-04-01 2025-03-31 SC361658 2023-04-01 2024-03-31 SC361658 2025-03-31 SC361658 2024-03-31 SC361658 c:Director1 2024-04-01 2025-03-31 SC361658 c:Director2 2024-04-01 2025-03-31 SC361658 c:RegisteredOffice 2024-04-01 2025-03-31 SC361658 d:PlantMachinery 2024-04-01 2025-03-31 SC361658 d:PlantMachinery 2025-03-31 SC361658 d:PlantMachinery 2024-03-31 SC361658 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC361658 d:ComputerEquipment 2024-04-01 2025-03-31 SC361658 d:ComputerEquipment 2025-03-31 SC361658 d:ComputerEquipment 2024-03-31 SC361658 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC361658 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC361658 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 SC361658 d:FreeholdInvestmentProperty 2025-03-31 SC361658 d:FreeholdInvestmentProperty 2024-03-31 SC361658 d:CurrentFinancialInstruments 2025-03-31 SC361658 d:CurrentFinancialInstruments 2024-03-31 SC361658 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC361658 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC361658 d:ShareCapital 2025-03-31 SC361658 d:ShareCapital 2024-03-31 SC361658 d:OtherMiscellaneousReserve 2025-03-31 SC361658 d:OtherMiscellaneousReserve 2024-03-31 SC361658 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC361658 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC361658 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC361658 c:OrdinaryShareClass1 2025-03-31 SC361658 c:OrdinaryShareClass1 2024-03-31 SC361658 c:OrdinaryShareClass2 2024-04-01 2025-03-31 SC361658 c:OrdinaryShareClass2 2025-03-31 SC361658 c:OrdinaryShareClass2 2024-03-31 SC361658 c:FRS102 2024-04-01 2025-03-31 SC361658 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC361658 c:FullAccounts 2024-04-01 2025-03-31 SC361658 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC361658 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC361658










JAGDIS PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
JAGDIS PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
Mr S A Watson 
Mrs A P Brazao Gomes 




Registered number
SC361658



Registered office
Unit 8, Midfield Drive
Dunnikier Business Park

Kirkcaldy

Fife

KY1 3LW




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
JAGDIS PROPERTIES LIMITED
REGISTERED NUMBER: SC361658

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
£
£

Fixed assets
  

Tangible assets
 4 
-
28

Investment Property
 5 
172,017
599,420

  
172,017
599,448

Current assets
  

Debtors: amounts falling due within one year
 6 
740
1,241

Cash at bank and in hand
  
64,220
5,979

  
64,960
7,220

Creditors: amounts falling due within one year
 7 
(364,996)
(805,571)

Net current liabilities
  
 
 
(300,036)
 
 
(798,351)

Total assets less current liabilities
  
(128,019)
(198,903)

  

Net liabilities
  
(128,019)
(198,903)


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Other reserves
  
-
79,035

Profit and loss account
  
(129,019)
(278,938)

  
(128,019)
(198,903)


Page 1

 
JAGDIS PROPERTIES LIMITED
REGISTERED NUMBER: SC361658

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 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 S A Watson
Director

Date: 11 August 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JAGDIS PROPERTIES LIMITED
 

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

1.


General information

Jagdis Properties Limited is a private company, limited by shares, incorporated in Scotland, registration number SC361658. The registered office is Unit 8 Midfield Drive, Dunnikier Business Park, Kirkcaldy, Fife, KY1 3LW.
The financial statements are presented in sterling, which is the functional currency of the company, and presented to the nearest £. 

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

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding, the company has net liabilities of £128,019. The company is reliant upon the continued support of a director who has confirmed the loan of £307,649 will not be repaid to the detriment of other creditors. The company therefore continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Rental Income

Income 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. Income 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:

Page 3

 
JAGDIS PROPERTIES LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.


 
2.5

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:

Plant and machinery
-
20% straight line
Computer equipment
-
33.33% 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.

  
2.6

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 for. Changes in fair value are recognised in the Statement of comprehensive income.

Page 4

 
JAGDIS PROPERTIES LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
7,674
2,623
10,297



At 31 March 2025

7,674
2,623
10,297



Depreciation


At 1 April 2024
7,674
2,595
10,269


Charge for the year on owned assets
-
28
28



At 31 March 2025

7,674
2,623
10,297



Net book value



At 31 March 2025
-
-
-



At 31 March 2024
-
28
28


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
599,420


Additions at cost
17,710


Disposals
(445,113)



At 31 March 2025
172,017

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






Page 5

 
JAGDIS PROPERTIES LIMITED
 

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

6.


Debtors

2025
2024
£
£


Prepayments and accrued income
740
1,241



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Other taxation and social security
54,466
1,258

Other creditors
307,649
638,129

Accruals and deferred income
2,881
166,184

364,996
805,571



8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



500 (2024 - 500) Ordinary A shares of £1.00 each
500
500
500 (2024 - 500) Ordinary B shares of £1.00 each
500
500

1,000

1,000


Page 6