Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 2314394 2314394 false 2024-03-01 false 2 No description of principal activity 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05357738 2024-03-01 2025-02-28 05357738 2023-03-01 2024-02-29 05357738 2025-02-28 05357738 2024-02-29 05357738 c:Director1 2024-03-01 2025-02-28 05357738 c:Director2 2024-03-01 2025-02-28 05357738 d:FreeholdInvestmentProperty 2025-02-28 05357738 d:FreeholdInvestmentProperty 2024-02-29 05357738 d:CurrentFinancialInstruments 2025-02-28 05357738 d:CurrentFinancialInstruments 2024-02-29 05357738 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 05357738 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05357738 d:ShareCapital 2025-02-28 05357738 d:ShareCapital 2024-02-29 05357738 d:RetainedEarningsAccumulatedLosses 2025-02-28 05357738 d:RetainedEarningsAccumulatedLosses 2024-02-29 05357738 c:FRS102 2024-03-01 2025-02-28 05357738 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05357738 c:FullAccounts 2024-03-01 2025-02-28 05357738 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05357738 2 2024-03-01 2025-02-28 05357738 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number:05357738 SOAR FRESTON LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
SOAR FRESTON LIMITED
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 6
SOAR FRESTON LIMITED REGISTERED NUMBER:05357738
STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2025
|  | 28 February |  | 29 February
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 1,100,000 |  | 1,100,000
|  |  | 1,100,000 |  | 1,100,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 14,620 |  | 12,241 |
Cash at bank and in hand | 6 | 315,930 |  | 244,981 |
|  | 330,550 |  | 257,222 |
Creditors: amounts falling due within one year | 7 | (399,327) |  | (397,038) |
Net current liabilities |  |  | (68,777) |  | (139,816)
Total assets less current liabilities |  |  | 1,031,223 |  | 960,184
Net assets |  |  | 1,031,223 |  | 960,184
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 1,031,123 |  | 960,084
|  |  | 1,031,223 |  | 960,184
Page 1
SOAR FRESTON LIMITED REGISTERED NUMBER:05357738
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS 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 income statement 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 8 September 2025.
................................................ S G F Paul | ................................................ Mrs K C M Paul
Director | Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
SOAR FRESTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
SOAR Freston Limited is a private company limited by shares and registered in England, registration number 05357738. The registered office is Valley Farm, Valley Lane, Wherstead, Ipswich, IP9 2AX. 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.
| 2.2 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised: Rendering of services Turnover 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 turnover 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 | 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.
| 2.4 | 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. Page 3
SOAR FRESTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 4
SOAR FRESTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 March 2024 | 1,100,000
| At 28 February 2025 | 1,100,000
The 2025 valuations were made by the directors, on an open market value for existing use basis.
| At 28 February 2025
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 1,214,394 | 1,214,394
|  | 1,214,394 | 1,214,394
5. | Debtors
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 14,620 | 12,241
|  | 14,620 | 12,241
6. | Cash and cash equivalents
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 315,930 | 244,981
|  | 315,930 | 244,981
Page 5
SOAR FRESTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 14,201 | 14,773
| Corporation tax | 23,193 | 22,774
| VAT | 5,351 | 3,315
| Other creditors | 344,503 | 344,503
| Accruals and deferred income | 12,079 | 11,673
|  | 399,327 | 397,038
8. | Related party transactions
| At the year end the directors were owed £344,503 (2024: £344,503) and this is included within other creditors. During the year the company traded with Stuart Paul & Sons, a partnership in which both S G F & Mrs K C M Paul are partners. All transactions in relation to this related party were carried out at an arms length.
Page 6