Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false The principal activity of the company in the year under review was that of providing consultancy services.2 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10660746 2024-04-01 2025-03-31 10660746 2023-04-01 2024-03-31 10660746 2025-03-31 10660746 2024-03-31 10660746 c:Director1 2024-04-01 2025-03-31 10660746 c:RegisteredOffice 2024-04-01 2025-03-31 10660746 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 10660746 d:Buildings d:ShortLeaseholdAssets 2025-03-31 10660746 d:Buildings d:ShortLeaseholdAssets 2024-03-31 10660746 d:OfficeEquipment 2024-04-01 2025-03-31 10660746 d:OfficeEquipment 2025-03-31 10660746 d:OfficeEquipment 2024-03-31 10660746 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10660746 d:ComputerEquipment 2024-04-01 2025-03-31 10660746 d:ComputerEquipment 2025-03-31 10660746 d:ComputerEquipment 2024-03-31 10660746 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10660746 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 10660746 d:OtherPropertyPlantEquipment 2025-03-31 10660746 d:OtherPropertyPlantEquipment 2024-03-31 10660746 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10660746 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10660746 d:CurrentFinancialInstruments 2025-03-31 10660746 d:CurrentFinancialInstruments 2024-03-31 10660746 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 10660746 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10660746 d:ShareCapital 2025-03-31 10660746 d:ShareCapital 2024-03-31 10660746 d:RetainedEarningsAccumulatedLosses 2025-03-31 10660746 d:RetainedEarningsAccumulatedLosses 2024-03-31 10660746 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 10660746 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 10660746 c:OrdinaryShareClass1 2024-04-01 2025-03-31 10660746 c:OrdinaryShareClass1 2025-03-31 10660746 c:OrdinaryShareClass1 2024-03-31 10660746 c:FRS102 2024-04-01 2025-03-31 10660746 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10660746 c:FullAccounts 2024-04-01 2025-03-31 10660746 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10660746 2 2024-04-01 2025-03-31 10660746 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10660746 BEACON ROCK LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BEACON ROCK LIMITED COMPANY INFORMATION
Director | M L Davis
Registered number | 10660746
Registered office | 54 Jermyn Street
| 7th Floor
| London
| SW1Y 6LX
Accountants | HaysMac LLP
| 10 Queen Street Place
| London
| EC4R 1AG
BEACON ROCK LIMITED CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 10
BEACON ROCK LIMITED REGISTERED NUMBER: 10660746 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,245,937 |  | 2,285,722
Current assets |  |  |  |  |
Stocks | 5 | 9,299 |  | - |
Debtors | 6 | 1,022,039 |  | 1,817,187 |
Cash at bank |  | 2,234,583 |  | 2,639,500 |
|  | 3,265,921 |  | 4,456,687 |
Creditors: amounts falling due within one year | 7 | (84,428) |  | (125,779) |
Net current assets |  |  | 3,181,493 |  | 4,330,908
Total assets less current liabilities |  |  | 5,427,430 |  | 6,616,630
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | (51,356) |  | (51,014) |
|  |  | (51,356) |  | (51,014)
Net assets |  |  | 5,376,074 |  | 6,565,616
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | 5,375,974 |  | 6,565,516
|  |  | 5,376,074 |  | 6,565,616
Page 1
BEACON ROCK LIMITED REGISTERED NUMBER: 10660746 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 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 by:
................................................ M L Davis
Director
Date: 24 October 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
BEACON ROCK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Beacon Rock Limited is a private company, limited by shares, registered in England and Wales, registration number 10660746. The address of its registered office and principal place of business is 54 Jermyn Street, 7th Floor, London, SW1Y 6LX. 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 financial statements have been prepared on a going concern basis as the Company's shareholder has confirmed he will provide funds for the Company to meet its forecast liabilities as they fall due. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.3 | 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. Page 3
BEACON ROCK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pensions 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 Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
| 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. Page 4
BEACON ROCK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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:
|  |  |  | Short-term leasehold property | - | Over the term of the lease
|  |  |  | Office equipment | - | Over the term of the lease
|  |  |  | Computer equipment | - | Over the term of the lease
Works of art have not been depreciated as it is considered that the depreciation would be immaterial due to the high residual value of the art work held. 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.
| 2.8 | 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 reporting 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.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS Page 5
BEACON ROCK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Page 6
BEACON ROCK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Tangible fixed assets
|  | Artwork | Improvements to property | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost |  |  |  |  |
| At 1 April 2024 | 2,073,275 | 517,760 | 24,039 | 101,977 | 2,717,051
| Additions | 23,000 | - | - | 4,606 | 27,606
| Disposals | (22,063) | - | - | - | (22,063)
| At 31 March 2025 | 2,074,212 | 517,760 | 24,039 | 106,583 | 2,722,594
| Depreciation |  |  |  |  |
| At 1 April 2024 | - | 405,115 | 4,610 | 21,604 | 431,329
| Charge for the year | - | 23,999 | 4,212 | 17,117 | 45,328
| At 31 March 2025 | - | 429,114 | 8,822 | 38,721 | 476,657
| Net book value |  |  |  |  |
| At 31 March 2025 | 2,074,212 | 88,646 | 15,217 | 67,862 | 2,245,937
| At 31 March 2024 | 2,073,275 | 112,645 | 19,429 | 80,373 | 2,285,722
Page 7
BEACON ROCK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Stock | 9,299 | -
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 34,524
| Other debtors | 416,845 | 1,002,710
| Recoverable corporation tax | 210,132 | 210,132
| Prepayments and accrued income | 395,062 | 569,821
|  | 1,022,039 | 1,817,187
| Included within other debtors is a director loan account balance of £215,391 (2024: £326,256). This balance is interest free and repayable on demand. During the year ended 31 March 2025 the company issued loans to ITC Global Security Limited, a connected company through a common director, totalling £157,720 (2024: £175,000) which attracted interest of two hundred basis points above the European Interbank interest rate for credit. During the year ended 31 March 2025, interest totalling £37,974 (2024: £26,882) was recognised and the balance at 31 March 2025 was £nil (2024: £175,000). The loan is unsecured, repayable within one year and included within other debtors. During the year ended 31 March 2025 the company issued a loan to M L Davis for £300,000 (2024: £1,500,000) which attracted interest of 2.25% per annum. During the year ended 31 March 2025, interest totalling £3,941 (2024: £2,674) was recognised and the balance at 31 March 2025 was £nil (2024: £300,000). The loan is unsecured, repayable within one year and included within other debtors.
7. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 8,410 | 31,969
| Other taxation and social security | 12,109 | 13,513
| Other creditors | - | 867
| Accruals | 63,909 | 79,430
|  | 84,428 | 125,779
Page 8
BEACON ROCK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (51,014)
| Charged to profit or loss | (342)
| At end of year | (51,356)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Tax losses carried forward | (51,356) | (51,014)
|  | (51,356) | (51,014)
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
10. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,028 (2024: £20,520). There is a contribution payable to the fund at the reporting date of £nil (2024: £867). Page 9
BEACON ROCK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. | Related party transactions
During the year ended 31 March 2025 the Company recharged expenses totalling £1,208,297 (2024: £1,485,163) to Vision Blue Advisors UK LLP, a Company of which M L Davis is a designated member. At 31 March 2025 a balance of £nil (2024: £34,524) was due from the LLP. During the year ended 31 March 2025 the Company issued loans to ITC Global Security Limited, a connected company through a common director, totalling £157,720 (2024: £175,000) which attracted interest of two hundred basis points above the European Interbank interest rate for credit. During the year ended 31 March 2025, interest totalling £37,974 (2024: £26,882) was recognised and the balance at 31 March 2025 was £nil (2024: £175,0000). The loan is unsecured, repayable within one year and included within other debtors. During the year ended 31 March 2025 the Company issued a loan to M L Davis for £300,000 (2024: £1,500,000) which attracted interest of 2.25% per annum. Interest totalling £3,941 (2024: £2,674) was recognised on the loans in the periods. The loans were repaid in full. At the balance sheet date the loan balance was £nil (2024: £300,000). The loan was unsecured, repayable within one year and included within other debtors. At 31 March 2025 the Company was due £215,391 (2024: £326,256) from M L Davis, the director and a shareholder of Beacon Rock Limited. The balance is unsecured, interest free, repayable within one year and included within other debtors.
12. | Controlling party
The controlling party is M L Davis.
Page 10