Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 2024-02-01 false No description of principal activity 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC587258 2024-02-01 2025-01-31 SC587258 2023-02-01 2024-01-31 SC587258 2025-01-31 SC587258 2024-01-31 SC587258 c:Director1 2024-02-01 2025-01-31 SC587258 c:RegisteredOffice 2024-02-01 2025-01-31 SC587258 d:OfficeEquipment 2024-02-01 2025-01-31 SC587258 d:OfficeEquipment 2025-01-31 SC587258 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC587258 d:LeaseholdInvestmentProperty 2025-01-31 SC587258 d:LeaseholdInvestmentProperty 2024-01-31 SC587258 d:CurrentFinancialInstruments 2025-01-31 SC587258 d:CurrentFinancialInstruments 2024-01-31 SC587258 d:Non-currentFinancialInstruments 2025-01-31 SC587258 d:Non-currentFinancialInstruments 2024-01-31 SC587258 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 SC587258 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC587258 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 SC587258 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 SC587258 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-01-31 SC587258 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 SC587258 d:ShareCapital 2025-01-31 SC587258 d:ShareCapital 2024-01-31 SC587258 d:RetainedEarningsAccumulatedLosses 2025-01-31 SC587258 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC587258 c:OrdinaryShareClass1 2024-02-01 2025-01-31 SC587258 c:OrdinaryShareClass1 2025-01-31 SC587258 c:OrdinaryShareClass1 2024-01-31 SC587258 c:FRS102 2024-02-01 2025-01-31 SC587258 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC587258 c:FullAccounts 2024-02-01 2025-01-31 SC587258 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC587258 2 2024-02-01 2025-01-31 SC587258 6 2024-02-01 2025-01-31 SC587258 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC587258 SHORE TERRACE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
SHORE TERRACE LIMITED COMPANY INFORMATION
Director | Miss S Hynd
Registered number | SC587258
Registered office | Unit 14 City Quay
| Dundee
| DD1 3JA
Accountants | EQ Accountants Limited
| Chartered Accountants
| 14 City Quay
| Dundee
| DD1 3JA
SHORE TERRACE LIMITED REGISTERED NUMBER: SC587258 STATEMENT OF FINANCIAL POSITION AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 374 |  | -
Investments | 5 |  | 359,928 |  | 324,338
Investment property | 6 |  | 521,883 |  | 521,883
|  |  | 882,185 |  | 846,221
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 35 |  | 77 |
Bank and cash balances |  | 15,888 |  | 19,768 |
|  | 15,923 |  | 19,845 |
Creditors: amounts falling due within one year | 8 | (659,980) |  | (684,300) |
Net current liabilities |  |  | (644,057) |  | (664,455)
Total assets less current liabilities |  |  | 238,128 |  | 181,766
Creditors: amounts falling due after more than one year | 9 |  | (102,261) |  | (102,261)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (11,503) |  | (5,185) |
|  |  | (11,503) |  | (5,185)
Net assets |  |  | 124,364 |  | 74,320
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 102 |  | 102
Profit and loss account |  |  | 124,262 |  | 74,218
|  |  | 124,364 |  | 74,320
Page 1
SHORE TERRACE LIMITED REGISTERED NUMBER: SC587258 STATEMENT OF FINANCIAL POSITION (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 her 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 income and retained earnings 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 October 2025.
Miss S Hynd
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
SHORE TERRACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
Shore Terrace Limited is a private company, limited by shares, domiciled in Scotland with the registration number SC587258 . The registered office is Unit 14 City Quay, Dundee, DD1 3JA. 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 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised: The Company's turnover is from rents and other income receivable from the letting of investment properties within the accounting period stated.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
SHORE TERRACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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 the Statement of comprehensive income. Page 4
SHORE TERRACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.9 | 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 income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.10 | 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 1 (2024 - 1).
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| Additions | 499
| At 31 January 2025 | 499
| Depreciation |
| Charge for the year on owned assets | 125
| At 31 January 2025 | 125
| Net book value |
| At 31 January 2025 | 374
Page 5
SHORE TERRACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
5. | Fixed asset investments
|  | Listed investments
|  | £
| Cost or valuation |
| At 1 February 2024 | 324,338
| Additions | 49,999
| Disposals | (50,195)
| Revaluations | 35,786
| At 31 January 2025 | 359,928
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 February 2024 | 521,883
| At 31 January 2025 | 521,883
The 2025 valuations were made by the director, on an open market value for existing use basis.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 35 | 77
|  | 35 | 77
Page 6
SHORE TERRACE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 840 | 480
| Other taxation and social security | 3,082 | 3,745
| Other creditors | 652,608 | 677,135
| Accruals and deferred income | 3,450 | 2,940
|  | 659,980 | 684,300
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 102,261 | 102,261
|  | 102,261 | 102,261
| Secured Loans The bank loan is interest only and secured against the property to which it relates and additionally a bond and floating charge over the company's assets.
10. | Loans
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 102,261 | 102,261
|  | 102,261 | 102,261
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 102 (2024 - 102) Ordinary shares of £1.00 each | 102 | 102
Page 7