Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false false 2024-04-01 Residential Investment 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. 10366015 2024-04-01 2025-03-31 10366015 2023-04-01 2024-03-31 10366015 2025-03-31 10366015 2024-03-31 10366015 2023-04-01 10366015 5 2024-04-01 2025-03-31 10366015 5 2023-04-01 2024-03-31 10366015 d:Director2 2024-04-01 2025-03-31 10366015 e:Buildings 2024-04-01 2025-03-31 10366015 e:OfficeEquipment 2024-04-01 2025-03-31 10366015 e:OfficeEquipment 2025-03-31 10366015 e:OfficeEquipment 2024-03-31 10366015 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10366015 e:FreeholdInvestmentProperty 2025-03-31 10366015 e:FreeholdInvestmentProperty 2024-03-31 10366015 e:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 10366015 e:CurrentFinancialInstruments 2025-03-31 10366015 e:CurrentFinancialInstruments 2024-03-31 10366015 e:Non-currentFinancialInstruments 2025-03-31 10366015 e:Non-currentFinancialInstruments 2024-03-31 10366015 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 10366015 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 10366015 e:Non-currentFinancialInstruments e:AfterOneYear 2025-03-31 10366015 e:Non-currentFinancialInstruments e:AfterOneYear 2024-03-31 10366015 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2025-03-31 10366015 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-03-31 10366015 e:ShareCapital 2024-04-01 2025-03-31 10366015 e:ShareCapital 2025-03-31 10366015 e:ShareCapital 2023-04-01 2024-03-31 10366015 e:ShareCapital 2024-03-31 10366015 e:ShareCapital 2023-04-01 10366015 e:RevaluationReserve 2024-04-01 2025-03-31 10366015 e:RevaluationReserve 2025-03-31 10366015 e:RevaluationReserve 5 2024-04-01 2025-03-31 10366015 e:RevaluationReserve 2023-04-01 2024-03-31 10366015 e:RevaluationReserve 2024-03-31 10366015 e:RevaluationReserve 2023-04-01 10366015 e:RevaluationReserve 5 2023-04-01 2024-03-31 10366015 e:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 10366015 e:RetainedEarningsAccumulatedLosses 2025-03-31 10366015 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 10366015 e:RetainedEarningsAccumulatedLosses 2024-03-31 10366015 e:RetainedEarningsAccumulatedLosses 2023-04-01 10366015 e:AcceleratedTaxDepreciationDeferredTax 2025-03-31 10366015 e:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10366015 d:FRS102 2024-04-01 2025-03-31 10366015 d:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10366015 d:FullAccounts 2024-04-01 2025-03-31 10366015 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10366015 5 2024-04-01 2025-03-31 10366015 f:PoundSterling 2024-04-01 2025-03-31 10366015 e:RetainedEarningsAccumulatedLosses 5 2024-04-01 2025-03-31 10366015 e:RetainedEarningsAccumulatedLosses 5 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10366015 JOSEPH LUKE PROPERTY LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
JOSEPH LUKE PROPERTY LTD CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JOSEPH LUKE PROPERTY LTD FOR THE YEAR ENDED 31 MARCH 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Joseph Luke Property Ltd for the year ended 31 March 2025 which comprise the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of directors of Joseph Luke Property Ltd, as a body, in accordance with the terms of our engagement letter dated 25th July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Joseph Luke Property Ltd and state those matters that we have agreed to state to the Board of directors of Joseph Luke Property Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Joseph Luke Property Ltd and its Board of directors, as a body, for our work or for this report. It is your duty to ensure that Joseph Luke Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Joseph Luke Property Ltd. You consider that Joseph Luke Property Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Joseph Luke Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. McColes & Co (Herts) Ltd Chartered Accountants First Floor 28 Whitehorse Street Baldock Herts SG7 6QQ 6 November 2025 Page 1
JOSEPH LUKE PROPERTY LTD REGISTERED NUMBER: 10366015 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 9
Investment property | 5 |  | 577,955 |  | 560,997
|  |  | 577,955 |  | 561,006
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | - |  | 434 |
Cash at bank and in hand |  | 11,905 |  | 7,571 |
|  | 11,905 |  | 8,005 |
Creditors: amounts falling due within one year | 7 | (28,422) |  | (28,423) |
Net current liabilities |  |  | (16,517) |  | (20,418)
Total assets less current liabilities |  |  | 561,438 |  | 540,588
Creditors: amounts falling due after more than one year | 8 |  | (472,923) |  | (472,825)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (11,552) |  | (8,586) |
|  |  | (11,552) |  | (8,586)
Net assets |  |  | 76,963 |  | 59,177
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve |  |  | 73,622 |  | 56,664
Profit and loss account |  |  | 3,241 |  | 2,413
|  |  | 76,963 |  | 59,177
Page 2
JOSEPH LUKE PROPERTY LTD REGISTERED NUMBER: 10366015 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 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 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 5 November 2025.
J A Saunders
Director
The notes on pages 6 to 13 form part of these financial statements. Page 3
JOSEPH LUKE PROPERTY LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 April 2024 | 100 | 56,664 | 2,413 | 59,177
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 17,786 | 17,786
Deficit on revaluation of freehold property | - | - | (16,958) | (16,958)
Other comprehensive income for the year | - | - | (16,958) | (16,958)
Total comprehensive income for the year | - | - | 828 | 828
Contributions by and distributions to owners |  |  |  |
Transfer to/from profit and loss account | - | 16,958 | - | 16,958
Total transactions with owners | - | 16,958 | - | 16,958
At 31 March 2025 | 100 | 73,622 | 3,241 | 76,963
| The notes on pages 6 to 13 form part of these financial statements.
Page 4
JOSEPH LUKE PROPERTY LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2024
| Called up share capital | Revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 April 2023 | 100 | 62,428 | 9,492 | 72,020
Comprehensive income for the year |  |  |  |
Loss for the year | - | - | (10,843) | (10,843)
Surplus on revaluation of freehold property | - | - | 5,764 | 5,764
Other comprehensive income for the year | - | - | 5,764 | 5,764
Total comprehensive income for the year | - | - | (5,079) | (5,079)
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | - | (2,000) | (2,000)
Transfer to/from profit and loss account | - | (5,764) | - | (5,764)
Total transactions with owners | - | (5,764) | (2,000) | (7,764)
At 31 March 2024 | 100 | 56,664 | 2,413 | 59,177
| The notes on pages 6 to 13 form part of these financial statements.
Page 5
JOSEPH LUKE PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.Accounting policies
| 1.1 | 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:
| 1.2 | 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: Rendering of services Revenue 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 revenue 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.
| 1.3 | 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.
| 1.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 6
JOSEPH LUKE PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.Accounting policies (continued)
| 1.5 | 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 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.
| 1.6 | 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 methods below. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - |  | Not depreciated
|  |  |  | Office equipment | - | 25% | 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 7
JOSEPH LUKE PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.Accounting policies (continued)
| 1.7 | 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.
| 1.8 | 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.
| 1.9 | 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.
| 1.10 | 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.
| 1.11 | 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.
| 1.12 | 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. Page 8
JOSEPH LUKE PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.Accounting policies (continued)
| 1.13 | 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.
2. | General information
The company is a private company, limited by shares and registered in England. Its registered number is: 10366015 Its Registered Office is: First Floor 28 Whitehorse Street Baldock Herts SG7 6QQ
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 9
JOSEPH LUKE PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 38
| At 31 March 2025 | 38
| Depreciation |
| At 1 April 2024 | 30
| Charge for the year on owned assets | 8
| At 31 March 2025 | 38
| Net book value |
| At 31 March 2025 | -
| At 31 March 2024 | 9
Page 10
JOSEPH LUKE PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 560,997
| Surplus on revaluation | 16,958
| At 31 March 2025 | 577,955
The 2025 valuations were made by Nationwide Price Index, on an open market value for existing use basis.
| 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 | 504,333 | 504,333
|  | 504,333 | 504,333
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | - | 434
|  | - | 434
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 28,422 | 28,423
|  | 28,422 | 28,423
Page 11
JOSEPH LUKE PROPERTY LTD 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 | 350,522 | 350,522
| Other creditors | 122,401 | 122,303
|  | 472,923 | 472,825
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Bank loans | 350,522 | 350,522
|  | 350,522 | 350,522
|  | 350,522 | 350,522
Page 12
JOSEPH LUKE PROPERTY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (8,586)
| Charged to profit or loss | (2,966)
| At end of year | (11,552)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (11,551) | (8,586)
|  | (11,551) | (8,586)
11. | Related party transactions
| The amount due to the directors Mr J Saunders and Mrs A Saunders at the reporting date was £64,421 and £57,980 respectively; (2024: £64,323 and £57,980). The loan does not attract a rate of interest and is repayable on demand. Included in other creditors are loans from Mr T Saunders and Mrs K Saunders, the parents of a Director. The amounts due to them at the reporting date were £16,000 and £10,000; (2024: £16,000 and £10,000).
Page 13