Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 true 10 false 2024-04-01 false Other letting and operating of owned 10 false 05679892 2024-04-01 2025-03-31 05679892 2023-04-01 2024-03-31 05679892 2025-03-31 05679892 2024-03-31 05679892 2023-04-01 05679892 c:Director3 2024-04-01 2025-03-31 05679892 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 05679892 d:Buildings d:LongLeaseholdAssets 2025-03-31 05679892 d:Buildings d:LongLeaseholdAssets 2024-03-31 05679892 d:PlantMachinery 2024-04-01 2025-03-31 05679892 d:PlantMachinery 2025-03-31 05679892 d:PlantMachinery 2024-03-31 05679892 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05679892 d:FurnitureFittings 2024-04-01 2025-03-31 05679892 d:FurnitureFittings 2025-03-31 05679892 d:FurnitureFittings 2024-03-31 05679892 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05679892 d:OfficeEquipment 2024-04-01 2025-03-31 05679892 d:OfficeEquipment 2025-03-31 05679892 d:OfficeEquipment 2024-03-31 05679892 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05679892 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05679892 d:CurrentFinancialInstruments 2025-03-31 05679892 d:CurrentFinancialInstruments 2024-03-31 05679892 d:Non-currentFinancialInstruments 2025-03-31 05679892 d:Non-currentFinancialInstruments 2024-03-31 05679892 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 05679892 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05679892 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 05679892 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05679892 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 05679892 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 05679892 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 05679892 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 05679892 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 05679892 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 05679892 d:RetainedEarningsAccumulatedLosses 2025-03-31 05679892 d:RetainedEarningsAccumulatedLosses 2024-03-31 05679892 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 05679892 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05679892 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-03-31 05679892 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 05679892 c:FRS102 2024-04-01 2025-03-31 05679892 c:Audited 2024-04-01 2025-03-31 05679892 c:FullAccounts 2024-04-01 2025-03-31 05679892 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05679892 d:WithinOneYear 2025-03-31 05679892 d:WithinOneYear 2024-03-31 05679892 d:BetweenOneFiveYears 2025-03-31 05679892 d:BetweenOneFiveYears 2024-03-31 05679892 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2025-03-31 05679892 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-03-31 05679892 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2025-03-31 05679892 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2024-03-31 05679892 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2025-03-31 05679892 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2024-03-31 05679892 c:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05679892 2 2024-04-01 2025-03-31 05679892 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 05679892 THE ENGINE HOUSE BEXLEY LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
THE ENGINE HOUSE BEXLEY LIMITED REGISTERED NUMBER: 05679892 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 184,511 |  | 219,607
|  |  | 184,511 |  | 219,607
Current assets |  |  |  |  |
Stocks | 5 | 459 |  | - |
Debtors: amounts falling due within one year | 6 | 69,208 |  | 50,544 |
Cash at bank and in hand | 7 | 985,130 |  | 911,164 |
|  | 1,054,797 |  | 961,708 |
Creditors: amounts falling due within one year | 8 | (353,118) |  | (299,416) |
Net current assets |  |  | 701,679 |  | 662,292
Total assets less current liabilities |  |  | 886,190 |  | 881,899
Creditors: amounts falling due after more than one year | 9 |  | (542,858) |  | (556,731)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (42,284) |  | (50,624) |
Other provisions | 12 | (116,013) |  | (116,013) |
|  |  | (158,297) |  | (166,637)
Net assets |  |  | 185,035 |  | 158,531
Capital and reserves |  |  |  |  |
Profit and loss account |  |  | 185,035 |  | 158,531
|  |  | 185,035 |  | 158,531
Page 1
THE ENGINE HOUSE BEXLEY LIMITED REGISTERED NUMBER: 05679892 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 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 15 September 2025.
P A Adams
Director
The notes on pages 3 to 11 form part of these financial statements. Page 2
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The Engine House Bexley Limited is a private company limited by guarantee and incorporated in England and Wales. The registered office address of the company is The Engine House Bexley, 2 Veridion Way, Erith, Greater London, DA18 4AL. The principal activity of the company during the year under review was that of letting and operating of real estate. The presentation currency of the financial statements is the pound 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 following principal accounting policies have been applied:
| 2.2 | Revenue
Turnover comprises revenue recognised by the company in respect of property rental and the provision of business facilities. 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.
| 2.3 | 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.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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. Page 3
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - |  | Straight line over the length of the lease.
|  |  |  | Plant and machinery | - | 10% | Straight line
|  |  |  | Fixtures and fittings | - | 20% | Straight line
|  |  |  | Office equipment | - | 33% | 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 profit or loss.
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 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. Page 5
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 10 (2024 - 10).
4. | Tangible fixed assets
|  | Long-term leasehold property | Plant and machinery | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 144,780 | 65,091 | 384,883 | 10,914 | 605,668
| Additions | - | 8,853 | 25,197 | - | 34,050
| Disposals | - | - | (81,430) | - | (81,430)
| At 31 March 2025 | 144,780 | 73,944 | 328,650 | 10,914 | 558,288
| Depreciation |  |  |  |  |
| At 1 April 2024 | 114,743 | 15,549 | 245,317 | 10,452 | 386,061
| Charge for the year on owned assets | 11,580 | 6,604 | 50,015 | 292 | 68,491
| Disposals | - | - | (80,775) | - | (80,775)
| At 31 March 2025 | 126,323 | 22,153 | 214,557 | 10,744 | 373,777
| Net book value |  |  |  |  |
| At 31 March 2025 | 18,457 | 51,791 | 114,093 | 170 | 184,511
| At 31 March 2024 | 30,037 | 49,542 | 139,566 | 462 | 219,607
Page 6
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Consumables | 459 | -
|  | 459 | -
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 28,025 | 32,993
| Prepayments and accrued income | 41,183 | 17,551
|  | 69,208 | 50,544
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 985,130 | 911,164
|  | 985,130 | 911,164
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 39,985 | 5,572
| Trade creditors | 47,000 | 34,799
| Corporation tax | 18,317 | 28,836
| Other taxation and social security | 17,785 | 13,040
| Other creditors | 65,551 | 62,950
| Accruals and deferred income | 164,480 | 154,219
|  | 353,118 | 299,416
Page 7
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 542,858 | 556,731
|  | 542,858 | 556,731
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Other loans | 39,985 | 5,572
| Amounts falling due 1-2 years |  |
| Other loans | 60,000 | 46,393
| Amounts falling due 2-5 years |  |
| Other loans | 180,000 | 135,000
| Amounts falling due after more than 5 years |  |
| Other loans | 302,858 | 375,338
|  | 582,843 | 562,303
| The London Borough of Bexley provides a loan facility of £550,000. As at 31 March 2025 the company had drawn down £450,000 (2024 - £450,000). A repayment schedule has been negotiated for payments to be made over a term of 10 years. A formal agreement has not yet been finalised. At 31 March 2025, £582,843 (2024 - £562,303) was outstanding on this loan, including accrued interest.
11. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 50,624 | 38,574
| Charged to profit or loss | (8,340) | 12,050
| At end of year | 42,284 | 50,624
Page 8
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (42,284) | (50,624)
|  | (42,284) | (50,624)
12. | Provisions
|  | Dilapidations
|  | £
| At 1 April 2024 | 116,013
| At 31 March 2025 | 116,013
| Under the terms of the lease in place there is the requirement to cover the costs of reinstatement of the property to the orginal condition at the expiry of the lease, but, given the improvements to the property since occupation the directors do not expect this to be required. However, given the size and nature of the building there will always be maintenance and repairs required at any point in time and hence the company's policy is to provide dilapidation costs in respect of wear and tear as at the year end.
13. | Pension commitments
The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £9,368 (2024 - £7,696). Contributions totalling £Nil (2024 - £Nil) were payable to these funds at the balance sheet date and are included in other creditors. Page 9
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
14. | Commitments under operating leases
| At 31 March 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Land and buildings |  |
| Not later than 1 year | 42,967 | 44,599
| Later than 1 year and not later than 5 years | 42,967 | 89,198
|  | 85,934 | 133,797
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Others |  |
| Not later than 1 year | 18,937 | -
| Later than 1 year and not later than 5 years | 37,873 | -
|  | 56,810 | -
| An under lease agreement was entered into on 15 March 2007 between the company and the London Borough of Bexley which leases 2 Veridion Way, Erith, London, DA18 4AL to the company. The lease of the building gives the company four years rent free and then payments are due to the London Borough of Bexley at the higher of £10,000 per annum or 5% of the aggregate income over the year ended 31 March. This definition of income does not include recharged items such as service charges. This agreement ends on 31 March 2027. The total amount of financial commitments not included in the balance sheet is estimated to be £85,934 (2024 - £133,797). A new agreement in principle has been negotiated to continue the lease for a further 20 years under the same conditions. A formal agreement has not yet been finalised. The rent paid under this agreement for the year ended 31 March 2024 was £43,554 (2024 - £46,090).
15. | Company status
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
16. | Related party transactions
| Included within creditors due within one year is a balance of £16,252 (2024 - £Nil) owed to the London Borough of Bexley, and loans are owed to the London Borough of Bexley as per note 11. During the year management charges of £47,000 (2024 - £38,500) have been paid to the London Borough of Bexley, and rent paid to the London Borough of Bexley as per note 15.
Page 10
THE ENGINE HOUSE BEXLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
17. | Controlling party
The company is controlled by the London Borough of Bexley.
18. | Auditors' information
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified. The audit report was signed on 22 September 2025 by Ben Bradley (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.
Page 11