Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 true development of building projects.2024-01-01 false 11 10 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11915326 2024-01-01 2024-12-31 11915326 2023-01-01 2023-12-31 11915326 2024-12-31 11915326 2023-12-31 11915326 2023-01-01 11915326 c:Director1 2024-01-01 2024-12-31 11915326 d:MotorVehicles 2024-01-01 2024-12-31 11915326 d:MotorVehicles 2024-12-31 11915326 d:MotorVehicles 2023-12-31 11915326 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11915326 d:FurnitureFittings 2024-01-01 2024-12-31 11915326 d:FurnitureFittings 2024-12-31 11915326 d:FurnitureFittings 2023-12-31 11915326 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11915326 d:OfficeEquipment 2024-01-01 2024-12-31 11915326 d:OfficeEquipment 2024-12-31 11915326 d:OfficeEquipment 2023-12-31 11915326 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11915326 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11915326 d:CurrentFinancialInstruments 2024-12-31 11915326 d:CurrentFinancialInstruments 2023-12-31 11915326 d:Non-currentFinancialInstruments 2024-12-31 11915326 d:Non-currentFinancialInstruments 2023-12-31 11915326 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11915326 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11915326 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11915326 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11915326 d:ShareCapital 2024-12-31 11915326 d:ShareCapital 2023-12-31 11915326 d:RetainedEarningsAccumulatedLosses 2024-12-31 11915326 d:RetainedEarningsAccumulatedLosses 2023-12-31 11915326 c:OrdinaryShareClass1 2024-01-01 2024-12-31 11915326 c:OrdinaryShareClass1 2024-12-31 11915326 c:FRS102 2024-01-01 2024-12-31 11915326 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11915326 c:FullAccounts 2024-01-01 2024-12-31 11915326 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11915326 2 2024-01-01 2024-12-31 11915326 4 2024-01-01 2024-12-31 11915326 6 2024-01-01 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel1 2024-01-01 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel1 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel2 2024-01-01 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel3 2024-01-01 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel3 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel4 2024-01-01 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel4 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel5 2024-01-01 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel5 2024-12-31 11915326 d:EntityControlledByKeyManagementPersonnel2 2024-12-31 11915326 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 11915326 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11915326 2 2024-12-31 11915326 3 2024-12-31 11915326 2 2023-12-31 11915326 3 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11915326 STABLE VENTURES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
STABLE VENTURES LIMITED REGISTERED NUMBER: 11915326 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 12,500 |  | 16,922
Investments | 5 |  | 654,500 |  | 754,661
|  |  | 667,000 |  | 771,583
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 6 | 11,406,023 |  | 15,109,294 |
Debtors: amounts falling due within one year | 6 | 1,710,417 |  | 6,258,860 |
Cash at bank and in hand | 7 | 974,439 |  | 79,268 |
|  | 14,090,879 |  | 21,447,422 |
Creditors: amounts falling due within one year | 8 | (162,479) |  | (348,724) |
Net current assets |  |  | 13,928,400 |  | 21,098,698
Total assets less current liabilities |  |  | 14,595,400 |  | 21,870,281
Creditors: amounts falling due after more than one year | 9 |  | (10,116,897) |  | (17,616,897)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 |  | (3,125) |  | (4,230)
Net assets |  |  | 4,475,378 |  | 4,249,154
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 100 |  | 100
Profit and loss account |  |  | 4,475,278 |  | 4,249,054
|  |  | 4,475,378 |  | 4,249,154
Page 1
STABLE VENTURES LIMITED REGISTERED NUMBER: 11915326 STATEMENT OF FINANCIAL POSITION (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 on 11 September 2025.
M G Clare
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
STABLE VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Stable Ventures Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Hinton House, Long Bottom Lane, Beaconsfield, England, HP9 2UQ. The company specialises in the provision of loans and finance. 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 | 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. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the year 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 revenue 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 reporting date can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to the Statement of comprehensive income 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. Page 3
STABLE VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | 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 the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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 Statement of financial position 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.
| 2.7 | 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.
| 2.8 | 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 4
STABLE VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Fixtures & fittings | - | 25% | straight line
|  |  |  | Office equipment | - | 25% | 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 the Statement of comprehensive income.
| 2.9 | Investment property
Investment properties are held to earn rentals or for capital appreciation, or both. Investment properties are initially measured at cost. At each Statement of financial position date, properties are measured at fair value with changes in fair value recognised in the Statement of comprehensive income.
| 2.10 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the year. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.11 | 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.
| 2.12 | 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.
| 2.13 | Creditors
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 5
STABLE VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.14 | Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of financial position.
3. | Employees
| The average monthly number of employees, including the directors, during the year was 11 (2023 - 10).
4. | Tangible fixed assets
|  | Motor vehicles | Fixtures & fittings | Office equipment | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 January 2024 | 15,409 | 1,140 | 17,183 | 33,732
| Additions | - | - | 1,276 | 1,276
| At 31 December 2024 | 15,409 | 1,140 | 18,459 | 35,008
| Depreciation |  |  |  |
| At 1 January 2024 | 10,533 | 428 | 5,849 | 16,810
| Charge for the year | 1,219 | 285 | 4,194 | 5,698
| At 31 December 2024 | 11,752 | 713 | 10,043 | 22,508
| Net book value |  |  |  |
| At 31 December 2024 | 3,657 | 427 | 8,416 | 12,500
| At 31 December 2023 | 4,876 | 712 | 11,334 | 16,922
Page 6
STABLE VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Fixed asset investments
|  | Unlisted investments | Investment property | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2024 | 250,161 | 554,500 | 804,661
| At 31 December 2024 | 250,161 | 554,500 | 804,661
| Impairment |  |  |
| At 1 January 2024 | 50,000 | - | 50,000
| Charge for the year | 100,161 | - | 100,161
| At 31 December 2024 | 150,161 | - | 150,161
| Net book value |  |  |
| At 31 December 2024 | 100,000 | 554,500 | 654,500
| At 31 December 2023 | 200,161 | 554,500 | 754,661
| The investment property was valued by the directors, on an open market value for existing use basis.
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 11,406,023 | 15,109,294
|  | 11,406,023 | 15,109,294
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due within one year |  |
| Other debtors | 1,706,320 | 6,256,066
| Prepayments and accrued income | 4,097 | 2,794
|  | 1,710,417 | 6,258,860
Page 7
STABLE VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 974,439 | 79,268
|  | 974,439 | 79,268
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 260 | 3,551
| Corporation tax | 109,897 | 245,854
| Other taxation and social security | 7,910 | 15,755
| Other creditors | 335 | 68
| Accruals and deferred income | 44,077 | 83,496
|  | 162,479 | 348,724
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other creditors | 10,116,897 | 17,616,897
|  | 10,116,897 | 17,616,897
Page 8
STABLE VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Deferred taxation
|  | 2024 | 2023
|  | £ | £
| At beginning of year | 4,230 | 3,006
| (Credited)/charged to the Statement of comprehensive income | (1,105) | 1,224
| At end of year | 3,125 | 4,230
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | 3,125 | 4,230
|  | 3,125 | 4,230
11. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 Ordinary shares of £1 each | 100 | 100
12. | Pension commitments
The Company operates a defined contribution 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 £7,464 (2023 - £8,653). Page 9
STABLE VENTURES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
13. | Related party transactions
| Included within other creditors due after more than one year is an amount of £10,116,897 (2023 - £17,616,897) due to a director. Included within other debtors due within one year is an amount of £33,223 (2023 - £25,718) owed by a director. Included within other debtors due within one year is an amount of £Nil (2023 - £1,000) owed by The Clare Foundation Limited, an entity controlled by a director. Included within other debtors due within one year is an amount of £Nil (2023 - £45,986) due from Clarenco LLP, an LLP under common control. Included within other debtors due within one year is an amount of £Nil (2023 - £3,082) and after more than one year is an amount of £8,990,635 (2023 - £13,161,521) owed by Bijou Living Limited, a company controlled by a director. Included within other debtors due within one year is an amount of £212,990 (2023 - £4,750) and after more than one year is an amount of £2,415,388 (2023 - £950,785) owed by 100% Comfort Limited, a company controlled by a director. Included within other debtors due within one year is an amount of £3,345 (2023 - £13,315) owed by The Clare Children's Trust, a trust in which a director is a trustee. Included within other debtors due within one year is an amount of £3,345 (2023 - £11,104) owed by The Clare Family Trust, a trust in which a director is a trustee.
14. | Controlling party
The ultimate controlling party is M G Clare, a director, by virtue of his 100% shareholding in the company.
Page 10