Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 34258000 37780645 2 false true 2024-01-01 false Property investment and development.3 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00426752 2024-01-01 2024-12-31 00426752 2023-01-01 2023-12-31 00426752 2024-12-31 00426752 2023-12-31 00426752 2023-01-01 00426752 1 2024-01-01 2024-12-31 00426752 2 2024-01-01 2024-12-31 00426752 d:Director1 2024-01-01 2024-12-31 00426752 d:Director2 2024-01-01 2024-12-31 00426752 e:FurnitureFittings 2024-01-01 2024-12-31 00426752 e:OfficeEquipment 2024-01-01 2024-12-31 00426752 e:OfficeEquipment 2024-12-31 00426752 e:OfficeEquipment 2023-12-31 00426752 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00426752 e:ComputerEquipment 2024-01-01 2024-12-31 00426752 e:FreeholdInvestmentProperty 2024-12-31 00426752 e:FreeholdInvestmentProperty 2023-12-31 00426752 e:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 00426752 e:LeaseholdInvestmentProperty 2024-12-31 00426752 e:LeaseholdInvestmentProperty 2023-12-31 00426752 e:LeaseholdInvestmentProperty 2 2024-01-01 2024-12-31 00426752 e:CurrentFinancialInstruments 2024-12-31 00426752 e:CurrentFinancialInstruments 2023-12-31 00426752 e:Non-currentFinancialInstruments 2024-12-31 00426752 e:Non-currentFinancialInstruments 2023-12-31 00426752 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 00426752 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 00426752 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 00426752 e:Non-currentFinancialInstruments e:AfterOneYear 2023-12-31 00426752 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-12-31 00426752 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-12-31 00426752 e:ShareCapital 2024-12-31 00426752 e:ShareCapital 2023-12-31 00426752 e:ShareCapital 2023-01-01 00426752 e:InvestmentPropertiesRevaluationReserve 2024-01-01 2024-12-31 00426752 e:InvestmentPropertiesRevaluationReserve 2024-12-31 00426752 e:InvestmentPropertiesRevaluationReserve 1 2024-01-01 2024-12-31 00426752 e:InvestmentPropertiesRevaluationReserve 2023-12-31 00426752 e:InvestmentPropertiesRevaluationReserve 2023-01-01 00426752 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 00426752 e:RetainedEarningsAccumulatedLosses 2024-12-31 00426752 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 00426752 e:RetainedEarningsAccumulatedLosses 2023-12-31 00426752 e:RetainedEarningsAccumulatedLosses 2023-01-01 00426752 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 00426752 e:AcceleratedTaxDepreciationDeferredTax 2023-12-31 00426752 d:OrdinaryShareClass1 2024-01-01 2024-12-31 00426752 d:OrdinaryShareClass1 2024-12-31 00426752 d:OrdinaryShareClass1 2023-12-31 00426752 d:OrdinaryShareClass2 2024-01-01 2024-12-31 00426752 d:OrdinaryShareClass2 2024-12-31 00426752 d:OrdinaryShareClass2 2023-12-31 00426752 d:FRS102 2024-01-01 2024-12-31 00426752 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00426752 d:FullAccounts 2024-01-01 2024-12-31 00426752 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00426752 2 2024-01-01 2024-12-31 00426752 4 2024-01-01 2024-12-31 00426752 6 2024-01-01 2024-12-31 00426752 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00426752 WEBB INVESTMENTS LTD. UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
WEBB INVESTMENTS LTD. REGISTERED NUMBER: 00426752 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 8,916 |  | 13,396
Investments | 5 |  | 100 |  | 6,956
Investment property | 6 |  | 17,129,000 |  | 18,890,323
|  |  | 17,138,016 |  | 18,910,675
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 7 | 45,622 |  | 62,773 |
Debtors: amounts falling due within one year | 7 | 2,892,575 |  | 3,057,177 |
Cash at bank and in hand | 8 | 619,157 |  | 342,914 |
|  | 3,557,354 |  | 3,462,864 |
Creditors: amounts falling due within one year | 9 | (9,077,966) |  | (616,783) |
Net current (liabilities)/assets |  |  | (5,520,612) |  | 2,846,081
Total assets less current liabilities |  |  | 11,617,404 |  | 21,756,756
Creditors: amounts falling due after more than one year | 10 |  | (24,000) |  | (8,606,046)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (298,478) |  | (178,524) |
|  |  | (298,478) |  | (178,524)
Net assets |  |  | 11,294,926 |  | 12,972,186
Capital and reserves |  |  |  |  |
Called up share capital | 13 |  | 22,008 |  | 22,008
Investment property reserve | 14 |  | 1,841,971 |  | 1,496,339
Profit and loss account | 14 |  | 9,430,947 |  | 11,453,839
|  |  | 11,294,926 |  | 12,972,186
Page 1
WEBB INVESTMENTS LTD. REGISTERED NUMBER: 00426752 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 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 by:
C M H Webb | D J Webb
Director | Director
Date: 12 September 2025 |
The notes on pages 4 to 13 form part of these financial statements. Page 2
WEBB INVESTMENTS LTD. STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Investment property revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 January 2023 | 22,008 | 1,496,339 | 11,074,642 | 12,592,989
Profit for the year | - | - | 379,197 | 379,197
At 1 January 2024 | 22,008 | 1,496,339 | 11,453,839 | 12,972,186
Loss for the year | - | - | (1,677,260) | (1,677,260)
Transfer to/from profit and loss account | - | - | (345,632) | (345,632)
Transfer between other reserves | - | 345,632 | - | 345,632
At 31 December 2024 | 22,008 | 1,841,971 | 9,430,947 | 11,294,926
| The notes on pages 4 to 13 form part of these financial statements.
Page 3
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Webb Investments Ltd. is a private company, limited by shares, incorporated in England and Wales, United Kingdom. The Registered Office address is Tennyson House, Cambridge Business Park, Cambridge, Cambridgeshire, United Kingdom, CB4 0WZ The functional and presentational currency of the company is UK Pounds Sterling (GBP). 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. 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 small 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 | 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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised as the period of rental or insurance cover elapses and is recognised on a straight line basis over the period of the lease.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss 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.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.8 | 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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.9 | 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.
| 2.10 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.11 | 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. Page 5
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.11 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 25% | reducing balance
|  |  |  | Computer equipment | - | 33% | reducing balance
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.
| 2.12 | Investment property
Investment property is carried at fair value determined annually 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.
| 2.13 | 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 balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.14 | 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.
| 2.15 | 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.
| 2.16 | 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. Page 6
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.17 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.18 | Financial instruments
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial Page 7
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.18 | Financial instruments (continued)
measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2023 - 3).
Page 8
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost |
| At 1 January 2024 | 84,328
| Additions | 1,988
| Disposals | (51,926)
| At 31 December 2024 | 34,390
| Depreciation |
| At 1 January 2024 | 70,932
| Charge for the year on owned assets | 3,666
| Disposals | (49,124)
| At 31 December 2024 | 25,474
| Net book value |
| At 31 December 2024 | 8,916
| At 31 December 2023 | 13,396
5. | Fixed asset investments
|  | Investments in subsidiary companies | Unlisted investments | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2024 | 100 | 6,856 | 6,956
| Disposals | - | (6,856) | (6,856)
| At 31 December 2024 | 100 | - | 100
Page 9
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Investment property
|  | Freehold investment property | Long term leasehold investment property | Total
|  | £ | £ | £
| Valuation |  |  |
| At 1 January 2024 | 17,760,322 | 1,130,000 | 18,890,322
| Surplus on revaluation | (1,546,322) | (215,000) | (1,761,322)
| At 31 December 2024 | 16,214,000 | 915,000 | 17,129,000
The 2024 valuations were made by the directors, on a fair value for existing use basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Historic cost | 18,521,019 | 18,521,019
7. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due after more than one year |  |
| Prepayments and accrued income | 45,622 | 62,773
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 63,798 | 89,956
| Amounts owed by group undertakings | 2,801,412 | 2,933,947
| Other debtors | 5,000 | 11,330
| Prepayments and accrued income | 22,365 | 21,944
|  | 2,892,575 | 3,057,177
8. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 619,157 | 342,914
Page 10
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 8,594,077 | 164,241
| Trade creditors | 63,491 | 72,270
| Other taxation and social security | 74,993 | 50,063
| Other creditors | 1,562 | 1,967
| Accruals and deferred income | 343,843 | 328,242
|  | 9,077,966 | 616,783
| Since the year end the bank facilities in place have been renewed for a further five years.
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | - | 8,594,034
| Other creditors | 24,000 | 12,012
|  | 24,000 | 8,606,046
| The following liabilities were secured:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 8,594,077 | 8,758,275
| Details of security provided:
By fixed and floating charges over the assets of the company.
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 8,594,077 | 164,241
| Amounts falling due 1-2 years |  |
| Bank loans | - | 8,594,034
|  | 8,594,077 | 8,758,275
Page 11
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | (178,524)
| Charged to profit or loss | (119,954)
| At end of year | (298,478)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | (298,478) | (178,524)
13. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 11,004 (2023 - 11,004) Ordinary shares of £1.00 each | 11,004 | 11,004
|  | 11,004 (2023 - 11,004) Deferred shares of £1.00 each | 11,004 | 11,004
|  |  | 22,008 | 22,008
14. | Reserves
Investment property revaluation reserve Includes all unrealised fair value revaluation gains on investment properties. Profit and loss account Includes all current and prior period retained profits/losses less any dividends paid, and unrealised fair value investment deficits on investment properties.
15. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,500 (2023 - £25,966). Contributions totalling £867 (2023 - £1,967) were payable to the fund at the balance sheet date and are included in creditors. Page 12
WEBB INVESTMENTS LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
16. | Transactions with directors
At 1 January 2024 a director owed the company £5,165, during the year £9,942 was paid to the director and £15,802 repaid leaving £695 owed to the director at 31 December 2024.
17. | Related party transactions
The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group. During the year the company paid for portfolio management services of £72,000 (2023 - £Nil) provided by a company in which one of the directors has a material interest.
Page 13