Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 true true false 2024-04-01 false No description of principal activity 3 4 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00203364 2024-04-01 2025-03-31 00203364 2023-04-01 2024-03-31 00203364 2025-03-31 00203364 2024-03-31 00203364 c:Director4 2024-04-01 2025-03-31 00203364 d:FurnitureFittings 2024-04-01 2025-03-31 00203364 d:FurnitureFittings 2025-03-31 00203364 d:FurnitureFittings 2024-03-31 00203364 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00203364 d:FreeholdInvestmentProperty 2025-03-31 00203364 d:FreeholdInvestmentProperty 2024-03-31 00203364 d:CurrentFinancialInstruments 2025-03-31 00203364 d:CurrentFinancialInstruments 2024-03-31 00203364 d:Non-currentFinancialInstruments 2025-03-31 00203364 d:Non-currentFinancialInstruments 2024-03-31 00203364 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 00203364 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00203364 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 00203364 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00203364 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 00203364 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 00203364 d:ShareCapital 2025-03-31 00203364 d:ShareCapital 2024-03-31 00203364 d:InvestmentPropertiesRevaluationReserve 2024-04-01 2025-03-31 00203364 d:InvestmentPropertiesRevaluationReserve 2025-03-31 00203364 d:InvestmentPropertiesRevaluationReserve 2024-03-31 00203364 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00203364 d:RetainedEarningsAccumulatedLosses 2025-03-31 00203364 d:RetainedEarningsAccumulatedLosses 2024-03-31 00203364 c:FRS102 2024-04-01 2025-03-31 00203364 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00203364 c:FullAccounts 2024-04-01 2025-03-31 00203364 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00203364 6 2024-04-01 2025-03-31 00203364 d:OtherDeferredTax 2025-03-31 00203364 d:OtherDeferredTax 2024-03-31 00203364 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 00203364 CATHEDRAL ESTATES LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CATHEDRAL ESTATES LIMITED REGISTERED NUMBER: 00203364 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 69 |  | 133
Investments | 5 |  | 51,084 |  | 23,709
Investment property | 6 |  | 2,585,000 |  | 2,585,000
|  |  | 2,636,153 |  | 2,608,842
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 7 | 599,090 |  | 599,090 |
Debtors: amounts falling due within one year | 7 | 188,329 |  | 210,480 |
Cash at bank and in hand | 8 | 14,807 |  | 34,653 |
|  | 802,226 |  | 844,223 |
Creditors: amounts falling due within one year | 9 | (28,829) |  | (22,235) |
Net current assets |  |  | 773,397 |  | 821,988
Total assets less current liabilities |  |  | 3,409,550 |  | 3,430,830
Creditors: amounts falling due after more than one year | 10 |  | - |  | (11,820)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (436,576) |  | (435,162) |
|  |  | (436,576) |  | (435,162)
Net assets |  |  | 2,972,974 |  | 2,983,848
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 46,570 |  | 46,570
Investment property reserve | 13 |  | 1,578,033 |  | 1,469,195
Profit and loss account | 13 |  | 1,348,371 |  | 1,468,083
|  |  | 2,972,974 |  | 2,983,848
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. Page 1
CATHEDRAL ESTATES LIMITED REGISTERED NUMBER: 00203364 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 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:
S Clement-Evans
Director
Date: 3 November 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
CATHEDRAL ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (No. 00203364). The registered office is The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ. These financial statements present information about the company as an individual undertaking; it is both a parent company and a subsidiary company in a small group. The principal activity of the company continues to be property investment. The presentation currency of these financial statements is £ sterling; the financial statements are 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 | 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. The following criteria must also be met before revenue is recognised:
| 2.3 | 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.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
CATHEDRAL ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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:
|  |  |  | Fixtures & fittings | - | 20% | 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.
| 2.7 | 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. Page 4
CATHEDRAL ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 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. 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.
| 2.11 | 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 | 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.
| 2.13 | 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 3 (2024 - 4).
Page 5
CATHEDRAL ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Fixtures & fittings
|  | £
| Cost or valuation |
| At 1 April 2024 | 17,235
| At 31 March 2025 | 17,235
| Depreciation |
| At 1 April 2024 | 17,102
| Charge for the year on owned assets | 64
| At 31 March 2025 | 17,166
| Net book value |
| At 31 March 2025 | 69
| At 31 March 2024 | 133
5. | Fixed asset investments
|  | Investments in subsidiary companies | Unlisted investments | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 4 | 23,705 | 23,709
| Additions | - | 27,375 | 27,375
| At 31 March 2025 | 4 | 51,080 | 51,084
Page 6
CATHEDRAL ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 2,585,000
| At 31 March 2025 | 2,585,000
The 2025 valuations were made by the directors, on an open market value for existing use basis.
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revaluation reserves |  |
| At 1 April 2024 | 1,469,195 | 887,905
| Net deficit in movement properties | 108,838 | -
| At 31 March 2025 | 1,578,033 | 887,905
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 680,643 | 680,643
|  | 680,643 | 680,643
Page 7
CATHEDRAL ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Amounts owed by group undertakings | 599,090 | 599,090
|  | 599,090 | 599,090
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Other debtors | 188,329 | 210,480
|  | 188,329 | 210,480
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 14,807 | 34,653
|  | 14,807 | 34,653
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 4 | 4
| Corporation tax | 25,627 | 18,331
| Accruals and deferred income | 3,198 | 3,900
|  | 28,829 | 22,235
Page 8
CATHEDRAL ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | - | 11,820
|  | - | 11,820
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Other loans | - | 11,820
|  | - | 11,820
|  | - | 11,820
Page 9
CATHEDRAL ESTATES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (435,162)
| Charged to profit or loss | (1,414)
| At end of year | (436,576)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Deferred tax on investment properties | (436,576) | (435,162)
|  | (436,576) | (435,162)
13. | Reserves
Investment property revaluation reserve The investment property revaluation reserve represents the deferred tax provision on the revalued investment property. Profit & loss account The profit and loss account contains total accumulated profits less total accumulated losses.
14. | Controlling party
The company is a wholly owned subsidiary of Mornington Terrace Limited, a company incorporated in England and Wales.
Page 10