Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.6 2024-03-01 false Activities auxiliary to financial intermediation not elsewhere classified 7 false true false 07385350 2024-03-01 2025-02-28 07385350 2025-02-28 07385350 2023-03-01 2024-02-29 07385350 2024-02-29 07385350 c:Director1 2024-03-01 2025-02-28 07385350 d:Buildings d:LongLeaseholdAssets 2024-03-01 2025-02-28 07385350 d:Buildings d:LongLeaseholdAssets 2025-02-28 07385350 d:Buildings d:LongLeaseholdAssets 2024-02-29 07385350 d:FurnitureFittings 2024-03-01 2025-02-28 07385350 d:FurnitureFittings 2025-02-28 07385350 d:FurnitureFittings 2024-02-29 07385350 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07385350 d:OfficeEquipment 2024-03-01 2025-02-28 07385350 d:OfficeEquipment 2025-02-28 07385350 d:OfficeEquipment 2024-02-29 07385350 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07385350 d:ComputerEquipment 2024-03-01 2025-02-28 07385350 d:ComputerEquipment 2025-02-28 07385350 d:ComputerEquipment 2024-02-29 07385350 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07385350 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07385350 d:CurrentFinancialInstruments 2025-02-28 07385350 d:CurrentFinancialInstruments 2024-02-29 07385350 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 07385350 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07385350 d:ShareCapital 2025-02-28 07385350 d:ShareCapital 2024-02-29 07385350 d:RetainedEarningsAccumulatedLosses 2025-02-28 07385350 d:RetainedEarningsAccumulatedLosses 2024-02-29 07385350 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 07385350 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 07385350 c:FRS102 2024-03-01 2025-02-28 07385350 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07385350 c:FullAccounts 2024-03-01 2025-02-28 07385350 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07385350 d:WithinOneYear 2025-02-28 07385350 d:WithinOneYear 2024-02-29 07385350 d:BetweenOneFiveYears 2025-02-28 07385350 d:BetweenOneFiveYears 2024-02-29 07385350 d:MoreThanFiveYears 2025-02-28 07385350 d:MoreThanFiveYears 2024-02-29 07385350 6 2024-03-01 2025-02-28 07385350 3 2025-02-28 07385350 3 2024-02-29 07385350 f:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 07385350 ALFRETON CAPITAL MANAGEMENT LIMITED UNAUDITED PAGES FOR FILING WITH REGISTRAR FOR THE YEAR ENDED 28 FEBRUARY 2025
ALFRETON CAPITAL MANAGEMENT LIMITED CONTENTS
| Page
Balance sheet | 1 - 2
Notes to the financial statements | 3 - 10
ALFRETON CAPITAL MANAGEMENT LIMITED REGISTERED NUMBER: 07385350 BALANCE SHEET AS AT 28 FEBRUARY 2025
|  | 28 February |  | 29 February
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 578,387 |  | 25,929
Investments | 5 |  | 1,417,526 |  | 3,378,071
|  |  | 1,995,913 |  | 3,404,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 992,711 |  | 105,116 |
Cash at bank and in hand | 7 | 2,218 |  | 38,841 |
|  | 994,929 |  | 143,957 |
Creditors: amounts falling due within one year | 8 | (190,736) |  | (1,011,390) |
Net current assets/(liabilities) |  |  | 804,193 |  | (867,433)
Total assets less current liabilities |  |  | 2,800,106 |  | 2,536,567
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (88,346) |  | (6,483) |
|  |  | (88,346) |  | (6,483)
Net assets |  |  | 2,711,760 |  | 2,530,084
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 2,711,660 |  | 2,529,984
|  |  | 2,711,760 |  | 2,530,084
Page 1
ALFRETON CAPITAL MANAGEMENT LIMITED REGISTERED NUMBER: 07385350 BALANCE SHEET (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 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 by:
................................................ D J Abrahams
Director
Date: 19 June 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
ALFRETON CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
Alfreton Capital Management Limited is a private limited company limited by share capital, incorporated in England and Wales. The company's registration number is 07385350. The address of the registered office is 221 Watling Street, Radlett, Hertfordshire, WD7 7AJ. 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 | 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. Page 3
ALFRETON CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 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. 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.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Finance costs
Finance costs are charged to profit or loss as they are incurred in accordance with the accruals method of accounting.
| 2.6 | 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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 4
ALFRETON CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.7 | 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.8 | 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, based on the policies below. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | 15 | Years Straight-line
|  |  |  | Fixtures and fittings | - | 15% | Reducing balance
|  |  |  | Office equipment | - | 33% | Straight-line
|  |  |  | Leasehold - Fixtures and Fittings | - | 15% | 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 5
ALFRETON CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in equity funds are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.10 | Associates and joint ventures
Associates are held at cost less impairment.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance sheet.
| 2.15 | Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
| 2.16 | 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. Page 6
ALFRETON CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 7 (2024 - 6).
4. | Tangible fixed assets
|  | Long-term leasehold property | Fixtures and fittings | Office equipment | Leasehold - Fixtures and Fittings | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 March 2024 | - | 40,736 | 17,565 | - | 58,301
| Additions | 443,931 | - | 18,848 | 120,816 | 583,595
| Disposals | - | (438) | (6,862) | - | (7,300)
| At 28 February 2025 | 443,931 | 40,298 | 29,551 | 120,816 | 634,596
| Depreciation |  |  |  |  |
| At 1 March 2024 | - | 18,764 | 13,609 | - | 32,373
| Charge for the year on owned assets | 13,906 | 3,280 | 4,952 | 8,801 | 30,939
| Disposals | - | (241) | (6,862) | - | (7,103)
| At 28 February 2025 | 13,906 | 21,803 | 11,699 | 8,801 | 56,209
| Net book value |  |  |  |  |
| At 28 February 2025 | 430,025 | 18,495 | 17,852 | 112,015 | 578,387
| At 29 February 2024 | - | 21,973 | 3,956 | - | 25,929
Page 7
ALFRETON CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
5. | Fixed asset investments
|  | Investments in subsidiary companies | Investments in associates | Other fixed asset investments | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 March 2024 | 1,246,402 | 200,000 | 2,026,020 | 3,472,422
| Additions | - | 45,000 | - | 45,000
| Disposals | - | - | (2,026,020) | (2,026,020)
| At 28 February 2025 | 1,246,402 | 245,000 | - | 1,491,402
| Impairment |  |  |  |
| At 1 March 2024 | 94,351 | - | - | 94,351
| Charge for the period | (20,475) | - | - | (20,475)
| At 28 February 2025 | 73,876 | - | - | 73,876
| Net book value |  |  |  |
| At 28 February 2025 | 1,172,526 | 245,000 | - | 1,417,526
| At 29 February 2024 | 1,152,051 | 200,000 | 2,026,020 | 3,378,071
6. | Debtors
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 881,629 | 22,761
| Prepayments and accrued income | 111,082 | 82,355
|  | 992,711 | 105,116
Page 8
ALFRETON CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
7. | Cash and cash equivalents
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 2,218 | 38,841
|  | 2,218 | 38,841
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 27,701 | 10,718
| Corporation tax | 52,918 | 47,958
| Other creditors | 58,652 | 800,671
| Accruals and deferred income | 51,465 | 152,043
|  | 190,736 | 1,011,390
9. | Deferred taxation
|  | 2025
|  | £
| At beginning of period | (6,483)
| Charged to profit or loss | (81,863)
| At end of period | (88,346)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (88,346) | (6,483)
|  | (88,346) | (6,483)
Page 9
ALFRETON CAPITAL MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
10. | Pension commitments
The Company contributes into 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 £5,283 (2024 - £4,474) .
11. | Commitments under operating leases
| At 28 February 2025 the Company had future minimum lease payments due under operating leases for each of the following periods:
|  |  |  |  | 28 February | 29 February
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 47,500 | -
| Later than 1 year and not later than 5 years | 190,000 | -
| Later than 5 years | 436,566 | -
|  | 674,066 | -
12. | Controlling party
The ultimate controlling party is Mr D J Abrahams.
Page 10