Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 false 2 2024-03-01 false No description of principal activity 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC556941 2024-03-01 2025-02-28 SC556941 2023-03-01 2024-02-29 SC556941 2025-02-28 SC556941 2024-02-29 SC556941 c:Director1 2024-03-01 2025-02-28 SC556941 c:Director2 2024-03-01 2025-02-28 SC556941 c:RegisteredOffice 2024-03-01 2025-02-28 SC556941 d:OfficeEquipment 2024-03-01 2025-02-28 SC556941 d:OfficeEquipment 2025-02-28 SC556941 d:OfficeEquipment 2024-02-29 SC556941 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 SC556941 d:FreeholdInvestmentProperty 2025-02-28 SC556941 d:FreeholdInvestmentProperty 2024-02-29 SC556941 d:CurrentFinancialInstruments 2025-02-28 SC556941 d:CurrentFinancialInstruments 2024-02-29 SC556941 d:Non-currentFinancialInstruments 2025-02-28 SC556941 d:Non-currentFinancialInstruments 2024-02-29 SC556941 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 SC556941 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC556941 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 SC556941 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 SC556941 d:ShareCapital 2025-02-28 SC556941 d:ShareCapital 2024-02-29 SC556941 d:InvestmentPropertiesRevaluationReserve 2025-02-28 SC556941 d:InvestmentPropertiesRevaluationReserve 2024-02-29 SC556941 d:RetainedEarningsAccumulatedLosses 2025-02-28 SC556941 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC556941 c:OrdinaryShareClass1 2024-03-01 2025-02-28 SC556941 c:OrdinaryShareClass1 2025-02-28 SC556941 c:OrdinaryShareClass1 2024-02-29 SC556941 c:OrdinaryShareClass2 2024-03-01 2025-02-28 SC556941 c:OrdinaryShareClass2 2025-02-28 SC556941 c:OrdinaryShareClass2 2024-02-29 SC556941 c:OrdinaryShareClass3 2024-03-01 2025-02-28 SC556941 c:OrdinaryShareClass3 2025-02-28 SC556941 c:OrdinaryShareClass3 2024-02-29 SC556941 c:OrdinaryShareClass4 2024-03-01 2025-02-28 SC556941 c:OrdinaryShareClass4 2025-02-28 SC556941 c:OrdinaryShareClass4 2024-02-29 SC556941 c:FRS102 2024-03-01 2025-02-28 SC556941 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC556941 c:FullAccounts 2024-03-01 2025-02-28 SC556941 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC556941 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC556941 SOLASTA CAPITAL MANAGEMENT LIMITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
SOLASTA CAPITAL MANAGEMENT LIMITED COMPANY INFORMATION
Directors | Dr V I Blackhall
| Mr S Hepburn
Registered number | SC556941
Registered office | 14 City Quay
| Dundee
| DD1 3JA
Accountants | EQ Accountants Limited
| Chartered Accountants
| 14 City Quay
| Dundee
| DD1 3JA
SOLASTA CAPITAL MANAGEMENT LIMITED REGISTERED NUMBER: SC556941 STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2025
|  | 28 February |  | 29 February
|  | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,477 |  | 3,235
Investment property | 5 |  | 1,589,077 |  | 1,589,077
|  |  | 1,591,554 |  | 1,592,312
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 15,320 |  | 13,920 |
Bank and cash balances |  | 23,559 |  | 6,912 |
|  | 38,879 |  | 20,832 |
Creditors: amounts falling due within one year | 7 | (221,842) |  | (255,469) |
Net current liabilities |  |  | (182,963) |  | (234,637)
Total assets less current liabilities |  |  | 1,408,591 |  | 1,357,675
Creditors: amounts falling due after more than one year | 8 |  | (1,132,135) |  | (1,132,135)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (32,089) |  | (32,278) |
|  |  | (32,089) |  | (32,278)
Net assets |  |  | 244,367 |  | 193,262
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Investment property reserve |  |  | 116,311 |  | 116,311
Profit and loss account |  |  | 127,956 |  | 76,851
|  |  | 244,367 |  | 193,262
Page 1
SOLASTA CAPITAL MANAGEMENT LIMITED REGISTERED NUMBER: SC556941 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 28 FEBRUARY 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 16 October 2025.
Mr S Hepburn
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
SOLASTA CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
Solasta Capital Management Limited is a private limited company, limited by shares, domiciled in Scotland with redisteration number SC556941. The registered office is 14 City Quay, Dundee, Scotland, 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 comprises of rental income from the lease of residential property.
| 2.3 | 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. Page 3
SOLASTA CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Investment property
Investment property is carried at fair value determined annually by the directors 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.
| 2.6 | 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.
| 2.7 | 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 - 2).
Page 4
SOLASTA CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 March 2024 | 5,767
| Additions | 1,698
| Disposals | (1,462)
| At 28 February 2025 | 6,003
| Depreciation |
| At 1 March 2024 | 2,532
| Charge for the year on owned assets | 1,501
| Disposals | (507)
| At 28 February 2025 | 3,526
| Net book value |
| At 28 February 2025 | 2,477
| At 29 February 2024 | 3,235
Page 5
SOLASTA CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 March 2024 | 1,589,077
| At 28 February 2025 | 1,589,077
The 2025 valuations were made by the director, on an open market value for existing use basis.
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revaluation reserves |  |
| At 1 March 2024 | 116,311 | 116,311
| At 28 February 2025 | 116,311 | 116,311
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 1,441,297 | 1,441,297
|  | 1,441,297 | 1,441,297
6. | Debtors
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 15,320 | 13,920
|  | 15,320 | 13,920
Page 6
SOLASTA CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accruals and deferred income | 8,250 | 2,850
| Other taxation and social security | 13,528 | 8,254
| Other creditors | 200,064 | 244,365
|  | 221,842 | 255,469
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,132,135 | 1,132,135
|  | 1,132,135 | 1,132,135
| The following liabilities were secured:
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,132,135 | 1,132,135
|  | 1,132,135 | 1,132,135
| Details of security provided:
The company granted standard securities in favour of Paragon Bank PLC the whole subjects known as 0/1, 1/1, 2/1, 3/1 & 3/2, 9 Kelvingrove, Glasgow, G3 7RX. Page 7
SOLASTA CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
9. | Share capital
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 49 (2024 - 49) A Ordinary shares of £1.00 each | 49 | 49
|  | 49 (2024 - 49) B Ordinary shares of £1.00 each | 49 | 49
|  | 1 (2024 - 1) C Ordinary share of £1.00 | 1 | 1
|  | 1 (2024 - 1) D Ordinary share of £1.00 | 1 | 1
|  |  | 100 | 100
Page 8