Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 1 No description of principal activity 2024-04-01 false 1 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC742321 2024-04-01 2025-03-31 SC742321 2023-04-01 2024-03-31 SC742321 2025-03-31 SC742321 2024-03-31 SC742321 c:Director1 2024-04-01 2025-03-31 SC742321 c:RegisteredOffice 2024-04-01 2025-03-31 SC742321 d:OfficeEquipment 2024-04-01 2025-03-31 SC742321 d:OfficeEquipment 2025-03-31 SC742321 d:OfficeEquipment 2024-03-31 SC742321 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC742321 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 SC742321 d:OtherPropertyPlantEquipment 2025-03-31 SC742321 d:OtherPropertyPlantEquipment 2024-03-31 SC742321 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC742321 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC742321 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 SC742321 d:FreeholdInvestmentProperty 2025-03-31 SC742321 d:FreeholdInvestmentProperty 2024-03-31 SC742321 d:CurrentFinancialInstruments 2025-03-31 SC742321 d:CurrentFinancialInstruments 2024-03-31 SC742321 d:Non-currentFinancialInstruments 2025-03-31 SC742321 d:Non-currentFinancialInstruments 2024-03-31 SC742321 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC742321 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC742321 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC742321 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC742321 d:ShareCapital 2025-03-31 SC742321 d:ShareCapital 2024-03-31 SC742321 d:RevaluationReserve 2025-03-31 SC742321 d:RevaluationReserve 2024-03-31 SC742321 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC742321 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC742321 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC742321 c:OrdinaryShareClass1 2025-03-31 SC742321 c:OrdinaryShareClass1 2024-03-31 SC742321 c:FRS102 2024-04-01 2025-03-31 SC742321 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC742321 c:FullAccounts 2024-04-01 2025-03-31 SC742321 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC742321 2 2024-04-01 2025-03-31 SC742321 5 2024-04-01 2025-03-31 SC742321 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC742321 GREYSHED PROPERTIES LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
GREYSHED PROPERTIES LIMITED COMPANY INFORMATION
Director | Mr D R Slight
Registered number | SC742321
Registered office | Unit B
| Wallyford Industrial Estate
| Musselburgh
| EH21 8QJ
Accountants | EQ Accountants Limited
| Chartered Accountants
| Pentland House
| Saltire Centre
| Glenrothes
| Fife
| KY6 2AH
GREYSHED PROPERTIES LIMITED REGISTERED NUMBER: SC742321 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 137,196 |  | 141,825
Investment property | 5 |  | 7,400,001 |  | 8,267,221
|  |  | 7,537,197 |  | 8,409,046
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 42,222 |  | 40,546 |
Bank and cash balances |  | 315,942 |  | 199,204 |
|  | 358,164 |  | 239,750 |
Creditors: amounts falling due within one year | 7 | (104,485) |  | (55,037) |
Net current assets |  |  | 253,679 |  | 184,713
Total assets less current liabilities |  |  | 7,790,876 |  | 8,593,759
Creditors: amounts falling due after more than one year | 8 |  | (3,592,631) |  | (4,411,516)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (229) |  | - |
|  |  | (229) |  | -
Net assets |  |  | 4,198,016 |  | 4,182,243
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 1 |  | 1
Revaluation reserve |  |  | 4,150,883 |  | 4,150,883
Profit and loss account |  |  | 47,132 |  | 31,359
|  |  | 4,198,016 |  | 4,182,243
Page 1
GREYSHED PROPERTIES LIMITED REGISTERED NUMBER: SC742321 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 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 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 8 October 2025.
Mr D R Slight
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
GREYSHED PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The Company is limited by shares and incorporated in Scotland, Registration Number SC742321. The registered office address is Unit B, Wallyford Industrial Estate, Musselburgh, Scotland, EH21 8QJ. The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £. 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: Rendering of services Turnover from a contract to provide services is recognised in the period 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 turnover 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 end of the reporting period 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 profit or loss using the effective interest method. Page 3
GREYSHED PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Current 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 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.
| 2.5 | 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 | - |
|  |  |  | Land & Buildings | - | 3% to 10% 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. Page 4
GREYSHED PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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 | 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.
| 2.9 | 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.
3. | Employees
The average monthly number of employees, including directors, during the year was 2 (2024 - 1) Page 5
GREYSHED PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Office equipment | Land & Building | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | - | 212,534 | 212,534
| Additions | 1,099 | - | 1,099
| At 31 March 2025 | 1,099 | 212,534 | 213,633
| Depreciation |  |  |
| At 1 April 2024 | - | 70,709 | 70,709
| Charge for the year on owned assets | 183 | 5,545 | 5,728
| At 31 March 2025 | 183 | 76,254 | 76,437
| Net book value |  |  |
| At 31 March 2025 | 916 | 136,280 | 137,196
| At 31 March 2024 | - | 141,825 | 141,825
Page 6
GREYSHED PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 8,267,221
| Disposals | (867,220)
| At 31 March 2025 | 7,400,001
| Investment property comprises of industrial rental units and a portfolio of residential properties. The investment properties have been independently valued by Graham + Sibbald LLP which represents a fair open market value.
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 5,165 | 9,341
| Other debtors | 35,441 | 24,605
| Prepayments and accrued income | 1,616 | 6,600
|  | 42,222 | 40,546
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 49,200 | -
| Trade creditors | 2,471 | 572
| Other taxation and social security | 26,078 | 18,290
| Other creditors | 20,655 | 20,000
| Accruals and deferred income | 6,081 | 16,175
|  | 104,485 | 55,037
Page 7
GREYSHED PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,459,966 | -
| Amounts owed to group undertakings | 2,132,665 | 4,411,516
|  | 3,592,631 | 4,411,516
| Secured Creditors Bank loans falling due after more than one year are secured over the investment properties.
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary share of £1.00 | 1 | 1
10. | Related party transactions
| During the year, the company repaid £2,278,851 of a loan from Robert P. Slight & Sons Limited. The balance at the year end amounts to £2,132,665 (2024 - £4,411,516).
11. | Controlling party
During the year, the ultimate controlling party was Greyshed Properties (Holdings) Limited, a company registered in Scotland.
Page 8