Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01 false No description of principal activity 3 3 true true 10343659 2024-01-01 2024-12-31 10343659 2023-01-01 2023-12-31 10343659 2024-12-31 10343659 2023-12-31 10343659 c:Director1 2024-01-01 2024-12-31 10343659 d:ComputerEquipment 2024-01-01 2024-12-31 10343659 d:ComputerEquipment 2024-12-31 10343659 d:ComputerEquipment 2023-12-31 10343659 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10343659 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 10343659 d:FreeholdInvestmentProperty 2024-12-31 10343659 d:FreeholdInvestmentProperty 2023-12-31 10343659 d:CurrentFinancialInstruments 2024-12-31 10343659 d:CurrentFinancialInstruments 2023-12-31 10343659 d:Non-currentFinancialInstruments 2024-12-31 10343659 d:Non-currentFinancialInstruments 2023-12-31 10343659 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10343659 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10343659 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 10343659 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10343659 d:ShareCapital 2024-12-31 10343659 d:ShareCapital 2023-12-31 10343659 d:RetainedEarningsAccumulatedLosses 2024-12-31 10343659 d:RetainedEarningsAccumulatedLosses 2023-12-31 10343659 c:FRS102 2024-01-01 2024-12-31 10343659 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10343659 c:FullAccounts 2024-01-01 2024-12-31 10343659 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10343659 d:KeyManagementIndividualGroup1 d:OtherTransactionType1 2024-01-01 2024-12-31 10343659 d:KeyManagementIndividualGroup1 d:OtherTransactionType1 2024-01-01 10343659 d:KeyManagementIndividualGroup1 d:OtherTransactionType1 2024-12-31 10343659 d:KeyManagementIndividualGroup2 d:OtherTransactionType2 2024-01-01 2024-12-31 10343659 d:KeyManagementIndividualGroup2 d:OtherTransactionType2 2024-01-01 10343659 d:KeyManagementIndividualGroup2 d:OtherTransactionType2 2024-12-31 10343659 d:KeyManagementIndividualGroup3 d:OtherTransactionType3 2024-01-01 2024-12-31 10343659 d:KeyManagementIndividualGroup3 d:OtherTransactionType3 2024-01-01 10343659 d:KeyManagementIndividualGroup3 d:OtherTransactionType3 2024-12-31 10343659 2 2024-01-01 2024-12-31 10343659 6 2024-01-01 2024-12-31 10343659 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 10343659 BELVOIR PROPERTY LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
BELVOIR PROPERTY LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 9
BELVOIR PROPERTY LIMITED REGISTERED NUMBER: 10343659 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 749 |  | 1,762
Investments | 5 |  | 8,605 |  | 8,935
Investment property | 6 |  | 3,966,567 |  | 3,930,217
|  |  | 3,975,921 |  | 3,940,914
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 1,626,573 |  | 1,621,627 |
Cash at bank and in hand |  | 105,308 |  | 120,149 |
|  | 1,731,881 |  | 1,741,776 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 8 | (2,553,604) |  | (2,549,596) |
Net current liabilities |  |  | (821,723) |  | (807,820)
Total assets less current liabilities |  |  | 3,154,198 |  | 3,133,094
Creditors: amounts falling due after more than one year | 9 |  | (2,897,438) |  | (2,787,750)
Net assets |  |  | 256,760 |  | 345,344
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 255,760 |  | 344,344
|  |  | 256,760 |  | 345,344
Page 1
BELVOIR PROPERTY LIMITED REGISTERED NUMBER: 10343659 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 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 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 by:
................................................ P I Bootle
Director
Date: 27 August 2025
The notes on pages 3 to 9 form part of these financial statements. Page 2
BELVOIR PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Belvoir Property Limited is a private company, limited by shares, which is registered in England and Wales, registration number 10343659. The registered office is 11 Merus Court, Meridian Business Park, Leicester, LE19 1RJ. Principal activity The principal activity of the Company continued to be that of a rental property business. 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The Company's functional and presentational currency is British Pound Sterling (£). 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 at the fair value of the consideration received or receivable, excluding value added tax and other sales taxes. Revenue primarily comprises rental income from the letting of properties. Rental income is recognised on a straight-line basis over the period of the lease or rental agreement, in accordance with the terms of the relevant contract. Revenue from services, where applicable, is recognised in the period in which the services are provided, based on the stage of completion when the outcome can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in the Profit and Loss Account using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to the Profit and Loss Account 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 the Profit and Loss Account in the year in which they are incurred. Page 3
BELVOIR PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Profit and Loss Account during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:
|  |  |  | Computer equipment | - | 20% | Straight-line per annum
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 the Profit and Loss Account.
| 2.7 | 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 and Loss Account.
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 4
BELVOIR PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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 transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. Page 5
BELVOIR PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
| 2.13 | 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 3 (2023: 3).
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 January 2024 | 5,067
| At 31 December 2024 | 5,067
| Depreciation |
| At 1 January 2024 | 3,305
| Charge for the year | 1,013
| At 31 December 2024 | 4,318
| Net book value |
| At 31 December 2024 | 749
| At 31 December 2023 | 1,762
Page 6
BELVOIR PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2024 | 8,935
| At 31 December 2024 | 8,935
| Impairment |
| Charge for the year | 330
| At 31 December 2024 | 330
| Net book value |
| At 31 December 2024 | 8,605
| At 31 December 2023 | 8,935
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2024 | 3,930,217
| Additions at cost | 36,350
| At 31 December 2024 | 3,966,567
The 2024 valuations were made by the Directors, on an open market value for existing use basis.
Page 7
BELVOIR PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 11,385 | 8,164
| Amounts owed by Group undertakings | 1,563,414 | 1,610,963
| Other debtors | 40,495 | -
| Prepayments and accrued income | 11,279 | 2,500
|  | 1,626,573 | 1,621,627
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 365 | -
| Amounts owed to Group undertakings | 131,091 | 23,425
| Other taxation and social security | 3,334 | 13,136
| Other creditors | 2,302,729 | 2,415,897
| Accruals and deferred income | 116,085 | 97,138
|  | 2,553,604 | 2,549,596
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 2,897,438 | 2,787,750
|  | 2,897,438 | 2,787,750
Page 8
BELVOIR PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Transactions with Directors
At the beginning of the year a Director had a creditor balance of £71,149. During the year, advances of £112,704 and repayments of £1,060 were made, leaving a balance of £40,495 due by the Director at the year end. This balance is included in other debtors. Interest was charged at the HMRC official rate and considered repayable on demand. Also at the beginning of the year a Director had a creditor loan account balance of £248,394. During the year, advances of £71,093 and repayments of £49,060 were made, leaving a balance of £226,361 due to the Director at the year end. This balance is included in other creditors. This loan was interest free and considered repayable on demand. Also at the beginning of the year a Director had a creditor loan account balance of £582,848. During the year, advances of £69,047 and repayments of £49,061 were made, leaving a balance of £562,862 due to the Director at the year end. This balance is included in other creditors. This loan was interest free and considered repayable on demand. At the balance sheet date, the Company had two balances of £756,753 due to two separate Trusts of which two of the Directors are Trustees. These balances are included in other creditors. These loans are interest-free.
Page 9