Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false 2024-04-01 false No description of principal activity 4 4 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00530481 2024-04-01 2025-03-31 00530481 2023-04-01 2024-03-31 00530481 2025-03-31 00530481 2024-03-31 00530481 c:Director2 2024-04-01 2025-03-31 00530481 d:Buildings 2024-04-01 2025-03-31 00530481 d:Buildings 2025-03-31 00530481 d:Buildings 2024-03-31 00530481 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00530481 d:PlantMachinery 2024-04-01 2025-03-31 00530481 d:PlantMachinery 2025-03-31 00530481 d:PlantMachinery 2024-03-31 00530481 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00530481 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00530481 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 00530481 d:FreeholdInvestmentProperty 2025-03-31 00530481 d:FreeholdInvestmentProperty 2024-03-31 00530481 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 00530481 d:FreeholdInvestmentProperty 3 2024-04-01 2025-03-31 00530481 d:CurrentFinancialInstruments 2025-03-31 00530481 d:CurrentFinancialInstruments 2024-03-31 00530481 d:Non-currentFinancialInstruments 2025-03-31 00530481 d:Non-currentFinancialInstruments 2024-03-31 00530481 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 00530481 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00530481 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 00530481 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00530481 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 00530481 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 00530481 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 00530481 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 00530481 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 00530481 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 00530481 d:ShareCapital 2025-03-31 00530481 d:ShareCapital 2024-03-31 00530481 d:RetainedEarningsAccumulatedLosses 2025-03-31 00530481 d:RetainedEarningsAccumulatedLosses 2024-03-31 00530481 c:OrdinaryShareClass1 2024-04-01 2025-03-31 00530481 c:OrdinaryShareClass1 2025-03-31 00530481 c:OrdinaryShareClass1 2024-03-31 00530481 c:FRS102 2024-04-01 2025-03-31 00530481 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00530481 c:FullAccounts 2024-04-01 2025-03-31 00530481 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00530481 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 00530481 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00530481 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 00530481 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 00530481 d:RetirementBenefitObligationsDeferredTax 2025-03-31 00530481 d:RetirementBenefitObligationsDeferredTax 2024-03-31 00530481 2 2024-04-01 2025-03-31 00530481 6 2024-04-01 2025-03-31 00530481 f:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00530481 ROBERT PADFIELD LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ROBERT PADFIELD LIMITED REGISTERED NUMBER:00530481
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,513,948 |  | 3,340,732
Fixed asset investments |  |  | 152 |  | 152
Investment property | 6 |  | 12,150,000 |  | 11,046,282
|  |  | 15,664,100 |  | 14,387,166
Current assets |  |  |  |  |
Stocks |  | 441,703 |  | 483,676 |
Debtors: amounts falling due within one year | 7 | 182,216 |  | 230,333 |
Cash at bank and in hand | 8 | 657,478 |  | 542,866 |
|  | 1,281,397 |  | 1,256,875 |
Creditors: amounts falling due within one year | 9 | (697,183) |  | (788,569) |
Net current assets |  |  | 584,214 |  | 468,306
Total assets less current liabilities |  |  | 16,248,314 |  | 14,855,472
Creditors: amounts falling due after more than one year | 10 |  | (1,325,295) |  | (1,373,814)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (2,586,449) |  | (2,338,849) |
|  |  | (2,586,449) |  | (2,338,849)
Net assets |  |  | 12,336,570 |  | 11,142,809
Capital and reserves |  |  |  |  |
Called up share capital | 13 |  | 45,000 |  | 45,000
Profit and loss account |  |  | 12,291,570 |  | 11,097,809
|  |  | 12,336,570 |  | 11,142,809
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
ROBERT PADFIELD LIMITED REGISTERED NUMBER:00530481
STATEMENT OF FINANCIAL POSITION (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 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 17 October 2025.
Rosemary J Padfield
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
ROBERT PADFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Robert Padfield Limited is a company limited by shares incorporated in England & Wales, registration number 00530481. The registered office is at Rolls Farm, Magdalen Laver, Essex, CM5 0EN. 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 are presented in sterling which is the functional currency of the company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
| 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: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 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. Page 3
ROBERT PADFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension 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.
| 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. Page 4
ROBERT PADFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Buildings and improvements | - | 2%, 4% and 6.67% straight line, 4% and 15% reducing balance
|  |  |  | Plant and machinery | - | 5%, 6.67%, 15%, 20%, 25%, 33.33% straight line, 15%, 20%, 25% reducing balance
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 the Income statement.
| 2.8 | 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 Income statement.
| 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.
| 2.10 | Stocks
Stocks are stated at the lower of cost and net realisable value after making due allowance for obselete and slow-moving stocks. 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 the Income statement.
| 2.11 | 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. Page 5
ROBERT PADFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | 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.
| 2.13 | 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 4 (2024 - 4).
4. | Tangible fixed assets
|  | Freehold property | Plant & machinery | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 4,088,973 | 1,671,225 | 5,760,198
| Additions | 129,842 | 192,418 | 322,260
| Disposals | - | (145,600) | (145,600)
| Transfers between classes | 27,220 | - | 27,220
| At 31 March 2025 | 4,246,035 | 1,718,043 | 5,964,078
| Depreciation |  |  |
| At 1 April 2024 | 1,289,859 | 1,129,607 | 2,419,466
| Charge for the year on owned assets | 45,009 | 108,020 | 153,029
| Disposals | - | (122,365) | (122,365)
| At 31 March 2025 | 1,334,868 | 1,115,262 | 2,450,130
| Net book value |  |  |
| At 31 March 2025 | 2,911,167 | 602,781 | 3,513,948
| At 31 March 2024 | 2,799,114 | 541,618 | 3,340,732
Page 6
ROBERT PADFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 April 2024 | 152
| At 31 March 2025 | 152
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 11,046,282
| Additions at cost | 35,887
| Surplus on revaluation | 1,095,051
| Transfers between classes | (27,220)
| At 31 March 2025 | 12,150,000
The 2025 valuations were made by the directors, on an open market value for existing use basis.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 163,099 | 163,163
| Other debtors | 1,941 | 4,208
| Prepayments and accrued income | 17,176 | 62,962
|  | 182,216 | 230,333
Page 7
ROBERT PADFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 657,478 | 542,866
|  | 657,478 | 542,866
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 71,000 | 67,599
| Trade creditors | 59,658 | 94,293
| Corporation tax | 133,545 | 118,471
| Other taxation and social security | 5,324 | 7,027
| Other creditors | 250,227 | 327,789
| Accruals and deferred income | 177,429 | 173,390
|  | 697,183 | 788,569
| The bank overdraft and loans are secured upon the freehold property of the company. Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,279,470 | 1,350,901
| Accruals and deferred income | 45,825 | 22,913
|  | 1,325,295 | 1,373,814
Page 8
ROBERT PADFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 71,000 | 67,599
|  | 71,000 | 67,599
| Amounts falling due 1-2 years |  |
| Bank loans | 74,563 | 70,985
|  | 74,563 | 70,985
| Amounts falling due 2-5 years |  |
| Bank loans | 246,958 | 235,074
|  | 246,958 | 235,074
| Amounts falling due after more than 5 years |  |
| Bank loans | 957,949 | 1,044,842
|  | 957,949 | 1,044,842
|  | 1,350,470 | 1,418,500
12. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (2,338,849)
| Charged to profit or loss | (247,600)
| At end of year | (2,586,449)
Page 9
ROBERT PADFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 214,995 | 197,144
| Tax losses carried forward | 10,436 | 18,007
| Capital gains | 2,361,018 | 2,123,698
|  | 2,586,449 | 2,338,849
13. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 45,000 (2024 - 45,000) Ordinary shares of £1.00 each | 45,000 | 45,000
Page 10