Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 At the balance sheet date the Company was owed £28,431 (2024 - £52,413) by the director, and this is shown within other debtors on note 7 of the accounts. Included within debtors in note 7 to the financial statements is an amount of £172,033 (2024 - £122,036) due to the Company from a non-wholly owned subsidiary. This balance is interest free and has no set date for repayment.Spencer's Properties Limited The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102, not to disclose related party transactions with wholly owned subsidiaries within the group. During the year the Company received £178,509 (2024 - £228,706) from another company in which it holds a participating interest. This income is included within investment income in the profit and loss account. Black and Gray Holdings Limited 200464 non-wholly owned subsidiary another company in which it holds a participating interest Black and Gray Holdings Limited true false 1 Spencer's Properties Limited 2024-02-01 Holding company 1 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10720905 2024-02-01 2025-01-31 10720905 2023-02-01 2024-01-31 10720905 2025-01-31 10720905 2024-01-31 10720905 c:Director1 2024-02-01 2025-01-31 10720905 c:RegisteredOffice 2024-02-01 2025-01-31 10720905 d:FurnitureFittings 2024-02-01 2025-01-31 10720905 d:FurnitureFittings 2025-01-31 10720905 d:FurnitureFittings 2024-01-31 10720905 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 10720905 d:FreeholdInvestmentProperty 2024-02-01 2025-01-31 10720905 d:FreeholdInvestmentProperty 2025-01-31 10720905 d:FreeholdInvestmentProperty 2024-01-31 10720905 d:FreeholdInvestmentProperty 2 2024-02-01 2025-01-31 10720905 d:CurrentFinancialInstruments 2025-01-31 10720905 d:CurrentFinancialInstruments 2024-01-31 10720905 d:Non-currentFinancialInstruments 2025-01-31 10720905 d:Non-currentFinancialInstruments 2024-01-31 10720905 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 10720905 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10720905 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 10720905 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10720905 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-01-31 10720905 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 10720905 d:ShareCapital 2025-01-31 10720905 d:ShareCapital 2024-01-31 10720905 d:SharePremium 2025-01-31 10720905 d:SharePremium 2024-01-31 10720905 d:OtherMiscellaneousReserve 2024-02-01 2025-01-31 10720905 d:OtherMiscellaneousReserve 2025-01-31 10720905 d:OtherMiscellaneousReserve 2024-01-31 10720905 d:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 10720905 d:RetainedEarningsAccumulatedLosses 2025-01-31 10720905 d:RetainedEarningsAccumulatedLosses 2024-01-31 10720905 c:OrdinaryShareClass1 2024-02-01 2025-01-31 10720905 c:OrdinaryShareClass1 2025-01-31 10720905 c:OrdinaryShareClass2 2024-02-01 2025-01-31 10720905 c:OrdinaryShareClass2 2025-01-31 10720905 c:OrdinaryShareClass3 2024-02-01 2025-01-31 10720905 c:OrdinaryShareClass3 2025-01-31 10720905 c:FRS102 2024-02-01 2025-01-31 10720905 c:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 10720905 c:FullAccounts 2024-02-01 2025-01-31 10720905 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10720905 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-02-01 2025-01-31 10720905 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-01 2024-01-31 10720905 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-01-31 10720905 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-31 10720905 6 2024-02-01 2025-01-31 10720905 d:TaxLossesCarry-forwardsDeferredTax 2025-01-31 10720905 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 10720905 f:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10720905 SRN ENTERPRISES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
SRN ENTERPRISES LIMITED COMPANY INFORMATION
Director | S W Gray
Registered number | 10720905
Registered office | 7 The Close
| Norwich
| NR1 4DJ
Accountants | MA Partners LLP
| Chartered Accountants
| 7 The Close
| Norwich
| Norfolk
| NR1 4DJ
SRN ENTERPRISES LIMITED CONTENTS
| Page
Accountants' Report | 1
Balance Sheet | 2 - 3
Notes to the Financial Statements | 4 - 12
SRN ENTERPRISES LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SRN ENTERPRISES LIMITED FOR THE YEAR ENDED 31 JANUARY 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SRN Enterprises Limited for the year ended 31 January 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the director of SRN Enterprises Limited in accordance with the terms of our engagement letter dated 13 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of SRN Enterprises Limited and state those matters that we have agreed to state to the director of SRN Enterprises Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SRN Enterprises Limited and its director for our work or for this report. It is your duty to ensure that SRN Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SRN Enterprises Limited. You consider that SRN Enterprises Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of SRN Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ 2 October 2025 Page 1
SRN ENTERPRISES LIMITED REGISTERED NUMBER: 10720905 BALANCE SHEET AS AT 31 JANUARY 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 6,592 |  | -
Investments | 6 |  | 206 |  | 206
Investment property | 10 |  | 450,000 |  | 363,046
|  |  | 456,798 |  | 363,252
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 290,046 |  | 215,984 |
Cash at bank and in hand |  | 20,935 |  | 4,898 |
|  | 310,981 |  | 220,882 |
Creditors: amounts falling due within one year | 8 | (3,554) |  | (2,364) |
Net current assets |  |  | 307,427 |  | 218,518
Total assets less current liabilities |  |  | 764,225 |  | 581,770
Creditors: amounts falling due after more than one year | 11 |  | (190,550) |  | (190,550)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (19,793) |  | - |
|  |  | (19,793) |  | -
Net assets |  |  | 553,882 |  | 391,220
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 265 |  | 265
Share premium account | 14 |  | 17,946 |  | 17,946
Revaluation reserve | 14 |  | 59,378 |  | -
Profit and loss account | 14 |  | 476,293 |  | 373,009
|  |  | 553,882 |  | 391,220
Page 2
SRN ENTERPRISES LIMITED REGISTERED NUMBER: 10720905 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025 The director considers 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 director acknowledges his 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 on 1 October 2025.
S W Gray
Director
The notes on pages 4 to 12 form part of these financial statements. Page 3
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
SRN Enterprises Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is 7 The Close, Norwich, NR1 4DJ. The Company's principal activity is that of a holding company, and its activities are undertaken in Norwich. 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 comprises income receivable from fixed asset investments, and rental income, and is recognised on an accruals basis in accordance with the date on which the dividends were declared, and rent receivable.
| 2.3 | 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.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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. 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% |
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. Page 5
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.7 | 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.
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.9 | Associates and joint ventures
Associates and Joint Ventures are held at cost less impairment.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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. Page 6
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
4. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Total current tax | - | -
| Deferred tax |  |
| Revaluation of investment property | 19,793 | -
| Total deferred tax | 19,793 | -
| Taxation on profit on ordinary activities | 19,793 | -
| Factors that may affect future tax charges
At the balance sheet date, the Company had unutilised trading losses carried forward which can be offset against future taxable profits. Page 7
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
5. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| Additions | 8,790
| At 31 January 2025 | 8,790
| Depreciation |
| Charge for the year on owned assets | 2,198
| At 31 January 2025 | 2,198
| Net book value |
| At 31 January 2025 | 6,592
| At 31 January 2024 | -
6. | Fixed asset investments
|  | Investments in subsidiary companies | Investments in associates | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 February 2024 | 155 | 51 | 206
| At 31 January 2025 | 155 | 51 | 206
Page 8
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 234,865 | 129,868
| Other debtors | 49,964 | 80,677
| Prepayments and accrued income | 5,217 | 5,439
|  | 290,046 | 215,984
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accruals and deferred income | 3,554 | 2,364
|  | 3,554 | 2,364
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 208 Ordinary A shares of £1.00 each | 208 | 208
|  | 18 Ordinary B shares of £1.00 each | 18 | 18
|  | 39 Ordinary C shares of £1.00 each | 39 | 39
|  |  | 265 | 265
Page 9
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
10. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 February 2024 | 363,046
| Additions at cost | 11,217
| Disposals | (3,433)
| Surplus on revaluation | 79,170
| At 31 January 2025 | 450,000
The 2025 valuations were made by the director, on an open market value for existing use basis.
| At 31 January 2025
11. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 190,550 | 190,550
|  | 190,550 | 190,550
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 190,550 | 190,550
|  | 190,550 | 190,550
| Details of security provided:
The above bank loan is secured via a fixed charge over the assets of the Company. Page 10
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
12. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 190,550 | 190,550
|  | 190,550 | 190,550
|  | 190,550 | 190,550
13. | Deferred taxation
|  | 2025
|  | £
| Charged to profit or loss | (19,793)
| At end of year | (19,793)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revaluation of investment property | (19,793) | -
|  | (19,793) | -
14. | Reserves
Other reserves The revaluation reserve represents the cumulative value of revaluations of the Company's investment property to fair value, net of deferred tax. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided for on these fair value adjustments at the standard rate of corporation tax applicable in the UK. Profit and loss account The profit and loss account includes all current and prior period retained profits and losses. Page 11
SRN ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
15. | Related party transactions
| At the balance sheet date the Company was owed £28,431 (2024 - £52,413) by the director, and this is shown within other debtors on note 7 of the accounts. Included within debtors in note 7 to the financial statements is an amount of £172,033 (2024 - £122,036) due to the Company from a non-wholly owned subsidiary. This balance is interest free and has no set date for repayment. The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102, not to disclose related party transactions with wholly owned subsidiaries within the group. During the year the Company received £178,509 (2024 - £228,706) from another company in which it holds a participating interest. This income is included within investment income in the profit and loss account.
Page 12