Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false No description of principal activity 2 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12532926 2024-04-01 2025-03-31 12532926 2023-04-01 2024-03-31 12532926 2025-03-31 12532926 2024-03-31 12532926 2023-04-01 12532926 c:Director1 2024-04-01 2025-03-31 12532926 c:Director2 2024-04-01 2025-03-31 12532926 d:Buildings 2024-04-01 2025-03-31 12532926 d:Buildings 2025-03-31 12532926 d:Buildings 2024-03-31 12532926 d:LandBuildings 2025-03-31 12532926 d:LandBuildings 2024-03-31 12532926 d:OfficeEquipment 2024-04-01 2025-03-31 12532926 d:OfficeEquipment 2025-03-31 12532926 d:OfficeEquipment 2024-03-31 12532926 d:CurrentFinancialInstruments 2025-03-31 12532926 d:CurrentFinancialInstruments 2024-03-31 12532926 d:Non-currentFinancialInstruments 2025-03-31 12532926 d:Non-currentFinancialInstruments 2024-03-31 12532926 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12532926 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12532926 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 12532926 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12532926 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 12532926 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 12532926 d:ShareCapital 2025-03-31 12532926 d:ShareCapital 2024-03-31 12532926 d:RevaluationReserve 2024-04-01 2025-03-31 12532926 d:RevaluationReserve 2025-03-31 12532926 d:RevaluationReserve 2024-03-31 12532926 d:RetainedEarningsAccumulatedLosses 2025-03-31 12532926 d:RetainedEarningsAccumulatedLosses 2024-03-31 12532926 d:OtherDeferredTax 2025-03-31 12532926 d:OtherDeferredTax 2024-03-31 12532926 c:OrdinaryShareClass1 2024-04-01 2025-03-31 12532926 c:OrdinaryShareClass1 2025-03-31 12532926 c:OrdinaryShareClass1 2024-03-31 12532926 c:FRS102 2024-04-01 2025-03-31 12532926 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12532926 c:FullAccounts 2024-04-01 2025-03-31 12532926 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12532926 5 2024-04-01 2025-03-31 12532926 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12532926 SKINNER FEATHERSTONE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
SKINNER FEATHERSTONE LIMITED REGISTERED NUMBER: 12532926 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 5,742,896 |  | 5,661,554
|  |  | 5,742,896 |  | 5,661,554
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 30,406 |  | 59,597 |
Cash at bank and in hand |  | 5,016 |  | 5,808 |
|  | 35,422 |  | 65,405 |
Creditors: amounts falling due within one year | 6 | (322,641) |  | (221,767) |
Net current liabilities |  |  | (287,219) |  | (156,362)
Total assets less current liabilities |  |  | 5,455,677 |  | 5,505,192
Creditors: amounts falling due after more than one year | 7 |  | (3,734,135) |  | (3,747,890)
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (157,048) |  | (118,706) |
|  |  | (157,048) |  | (118,706)
Net assets |  |  | 1,564,494 |  | 1,638,596
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 1,704,268 |  | 1,704,268
Revaluation reserve | 11 |  | 471,143 |  | 509,485
Profit and loss account | 11 |  | (610,917) |  | (575,157)
|  |  | 1,564,494 |  | 1,638,596
Page 1
SKINNER FEATHERSTONE LIMITED REGISTERED NUMBER: 12532926 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 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 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 22 August 2025.
C Skinner | P Featherstone
Director | Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
SKINNER FEATHERSTONE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Skinner Featherstone Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH. 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:
| 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 3
SKINNER FEATHERSTONE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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 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 reporting 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.
| 2.6 | 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 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 4
SKINNER FEATHERSTONE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 5
SKINNER FEATHERSTONE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Freehold property | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 5,661,554 | 8,620 | 5,670,174
| Additions | 81,342 | - | 81,342
| At 31 March 2025 | 5,742,896 | 8,620 | 5,751,516
| Depreciation |  |  |
| At 1 April 2024 | - | 8,620 | 8,620
| At 31 March 2025 | - | 8,620 | 8,620
| Net book value |  |  |
| At 31 March 2025 | 5,742,896 | - | 5,742,896
| At 31 March 2024 | 5,661,554 | - | 5,661,554
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Freehold | 5,742,896 | 5,661,554
|  | 5,742,896 | 5,661,554
Cost or valuation at 31 March 2025 is as follows:
|  |  | Land and buildings
|  |  | £
|  | At cost | 5,114,705
|  | At valuation: |
|  | 2021,2022 & 2024 -open market basis | 628,191
|  |  | 5,742,896
Page 6
SKINNER FEATHERSTONE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4.Tangible fixed assets (continued)
| If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cost | 5,114,705 | 5,033,363
| Net book value | 5,114,705 | 5,033,363
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 5,208 | 19,888
| Prepayments and accrued income | 25,198 | 39,709
|  | 30,406 | 59,597
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 14,995 | 14,871
| Other creditors | 297,094 | 196,344
| Accruals and deferred income | 10,552 | 10,552
|  | 322,641 | 221,767
Page 7
SKINNER FEATHERSTONE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 3,734,135 | 3,747,890
|  | 3,734,135 | 3,747,890
| The following liabilities were secured:
| Details of security provided:
The bank loans are secured by fixed and floating charges over the assets of the company. Page 8
SKINNER FEATHERSTONE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 14,995 | 14,871
|  | 14,995 | 14,871
| Amounts falling due after more 1 year |  |
| Bank loans | 3,734,135 | 3,747,890
|  | 3,734,135 | 3,747,890
|  | 3,749,130 | 3,762,761
Page 9
SKINNER FEATHERSTONE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (118,706) | (69,956)
| Charged to profit or loss | (38,342) | (48,750)
| At end of year | (157,048) | (118,706)
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Potential tax arising on revaluation | (157,048) | (118,706)
|  | (157,048) | (118,706)
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,704,268 (2024 - 1,704,268) Ordinary shares of £1.00 each | 1,704,268 | 1,704,268
11. | Reserves
Revaluation reserve The revlauation reserve arises on the revlaution of the company's property, net of deferred tax.
12. | Related party transactions
| The follwing balances owed to the Directors are included in Other Creditors P Featherstone £148,547 (24:£98,172) C Skinner £148,547 (24:£98,172)
Page 10