Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 0 2024-04-01 false No description of principal activity The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0 false true 00666445 2024-04-01 2025-03-31 00666445 2023-04-01 2024-03-31 00666445 2025-03-31 00666445 2024-03-31 00666445 2023-04-01 00666445 5 2024-04-01 2025-03-31 00666445 d:CompanySecretary1 2024-04-01 2025-03-31 00666445 d:Director1 2024-04-01 2025-03-31 00666445 d:Director2 2024-04-01 2025-03-31 00666445 d:RegisteredOffice 2024-04-01 2025-03-31 00666445 d:Agent1 2024-04-01 2025-03-31 00666445 e:Buildings 2024-04-01 2025-03-31 00666445 e:Buildings 2025-03-31 00666445 e:Buildings 2024-03-31 00666445 e:Buildings e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00666445 e:PlantMachinery 2024-04-01 2025-03-31 00666445 e:PlantMachinery 2025-03-31 00666445 e:PlantMachinery 2024-03-31 00666445 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00666445 e:MotorVehicles 2024-04-01 2025-03-31 00666445 e:MotorVehicles 2025-03-31 00666445 e:MotorVehicles 2024-03-31 00666445 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00666445 e:ComputerEquipment 2024-04-01 2025-03-31 00666445 e:ComputerEquipment 2025-03-31 00666445 e:ComputerEquipment 2024-03-31 00666445 e:ComputerEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00666445 e:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 00666445 e:OtherPropertyPlantEquipment 2025-03-31 00666445 e:OtherPropertyPlantEquipment 2024-03-31 00666445 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00666445 e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00666445 e:CurrentFinancialInstruments 2025-03-31 00666445 e:CurrentFinancialInstruments 2024-03-31 00666445 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 00666445 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 00666445 e:ShareCapital 2025-03-31 00666445 e:ShareCapital 2024-03-31 00666445 e:ShareCapital 2023-04-01 00666445 e:RevaluationReserve 2024-04-01 2025-03-31 00666445 e:RevaluationReserve 2025-03-31 00666445 e:RevaluationReserve 5 2024-04-01 2025-03-31 00666445 e:RevaluationReserve 2024-03-31 00666445 e:RevaluationReserve 2023-04-01 00666445 e:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00666445 e:RetainedEarningsAccumulatedLosses 2025-03-31 00666445 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00666445 e:RetainedEarningsAccumulatedLosses 2024-03-31 00666445 e:RetainedEarningsAccumulatedLosses 2023-04-01 00666445 d:FRS102 2024-04-01 2025-03-31 00666445 d:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00666445 d:FullAccounts 2024-04-01 2025-03-31 00666445 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00666445 e:Subsidiary1 2024-04-01 2025-03-31 00666445 e:Subsidiary1 1 2024-04-01 2025-03-31 00666445 e:AcceleratedTaxDepreciationDeferredTax 2025-03-31 00666445 e:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00666445 2 2024-04-01 2025-03-31 00666445 6 2024-04-01 2025-03-31 00666445 e:RetainedEarningsAccumulatedLosses 5 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 00666445 SOUTHPORT GLASS CO. LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
SOUTHPORT GLASS CO. LIMITED
COMPANY INFORMATION
Directors | J M Thomas
| J J Thomas
Company secretary | J M Thomas
Registered number | 00666445
Registered office | 19 St. James Street
| Southport
| PR8 5AE
Accountants | Grant Thornton UK LLP
| Chartered Accountants
| Royal Liver Building
| Liverpool
| L3 1PS
Bankers | HSBC Bank plc
| 99-101 Lord Street
| Liverpool
| L2 6PG
SOUTHPORT GLASS CO. LIMITED
CONTENTS
| Page
Accountants' Report | 1
Statement of Financial Position | 2 - 3
Statement of Changes in Equity | 4
Notes to the Financial Statements | 5 - 11
Report to the directors on the preparation of the unaudited statutory financial statements of Southport Glass Co. Limited for the year ended 31 March 2025 We have compiled the accompanying financial statements of Southport Glass Co. Limited (the ‘company’) based on the information you have provided. These financial statements comprise the Statement of Financial Position of Southport Glass Co. Limited as at 31 March 2025, the Statement of Changes in Equity for the year then ended, and a summary of significant accounting policies and other explanatory information. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 'Compilation Engagements'. We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). As a member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com. These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice. This report is made solely to the company's directors, as a body, in accordance with the terms of our engagement letter dated 20 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the company's directors, as a body, in this report in accordance with our engagement letter dated 20 May 2025. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors, as a body, for our work or for this report. Grant Thornton UK LLP Chartered Accountants Liverpool 11 November 2025 Page 1
SOUTHPORT GLASS CO. LIMITED REGISTERED NUMBER:00666445
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 818,374 |  | 744,370
Investments | 5 |  | 100 |  | 100
|  |  | 818,474 |  | 744,470
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | - |  | 77 |
Cash at bank and in hand |  | 194,157 |  | 4,608 |
|  | 194,157 |  | 4,685 |
Creditors: amounts falling due within one year | 7 | (370,293) |  | (120,883) |
Net current liabilities |  |  | (176,136) |  | (116,198)
Total assets less current liabilities |  |  | 642,338 |  | 628,272
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | (82,984) |  | (61,953) |
|  |  | (82,984) |  | (61,953)
Net assets |  |  | 559,354 |  | 566,319
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,500 |  | 1,500
Fair value reserve |  |  | - |  | 68,541
Profit and loss account |  |  | 557,854 |  | 496,278
Total equity |  |  | 559,354 |  | 566,319
Page 2
SOUTHPORT GLASS CO. LIMITED REGISTERED NUMBER:00666445
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 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:
J M Thomas
Director
Date: 30 October 2025
The notes on pages 5 to 11 form part of these financial statements. Page 3
SOUTHPORT GLASS CO. LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Fair value reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 April 2023 | 1,500 | 68,541 | 315,491 | 385,532
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 440,787 | 440,787
Dividends: Equity capital | - | - | (260,000) | (260,000)
At 1 April 2024 | 1,500 | 68,541 | 496,278 | 566,319
Profit for the year | - | - | 253,035 | 253,035
Transfer from fair value reserve on disposal | - | - | 68,541 | 68,541
Dividends: Equity capital | - | - | (260,000) | (260,000)
Transfer to profit and loss account on disposal | - | (68,541) | - | (68,541)
At 31 March 2025 | 1,500 | - | 557,854 | 559,354
| The notes on pages 5 to 11 form part of these financial statements.
Page 4
SOUTHPORT GLASS CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Southport Glass Co. Limited is a private company limited by shares, incorporated in England and Wales. Its registered number is 00666445, and its registered office is located at 19 St. James Street, Southport, PR8 5AE. 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 company's functional and presentation currency is Sterling and all values are rounded to the nearest (£) except when otherwise stated. The following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
| 2.3 | Turnover
Turnover represents management charges receivable from the subsidiary undertaking, for services provided during the year. Turnover is recognised on a monthly basis when services have been provided to the subsidiary undertaking.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Investment income
Income from fixed asset investments is recognised when the shareholders right to receive payment has been established. Page 5
SOUTHPORT GLASS CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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 Statement of Financial Position 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. Depreciation 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:
|  |  |  | Freehold property | - | 3% | straight line
|  |  |  | Plant and machinery | - | 15% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Computer equipment | - | 25% | straight line
|  |  |  | Investment property | - |  | See note 2.8
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 6
SOUTHPORT GLASS CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Investment property
Investment property is carried at fair value derived from 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.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.10 | Other operating income
Other operating income represents net rents receivable and is recognised on a received basis.
| 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.
| 2.12 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. 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 receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due within the operating cycle fall into this category of financial instruments. Page 7
SOUTHPORT GLASS CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. 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. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. 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. Derecognition of financial liabilities Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. Page 8
SOUTHPORT GLASS CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
3. | Employees
| The average monthly number of employees during the year was 0 (2024: 0).
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Motor vehicles | Computer equipment | Investment property | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 1 April 2024 | 519,242 | 1,057,132 | 144,710 | 89,303 | 100,000 | 1,910,387
| Additions | - | 277,233 | - | 38 | - | 277,271
| Disposals | - | (195,000) | - | - | (100,000) | (295,000)
| At 31 March 2025 | 519,242 | 1,139,365 | 144,710 | 89,341 | - | 1,892,658
| Depreciation |  |  |  |  |  |
| At 1 April 2024 | 129,043 | 860,996 | 102,605 | 73,373 | - | 1,166,017
| Charge for the year on owned assets | 9,046 | 71,005 | 10,526 | 4,151 | - | 94,728
| Disposals | - | (186,461) | - | - | - | (186,461)
| At 31 March 2025 | 138,089 | 745,540 | 113,131 | 77,524 | - | 1,074,284
| Net book value |  |  |  |  |  |
| At 31 March 2025 | 381,153 | 393,825 | 31,579 | 11,817 | - | 818,374
| At 31 March 2024 | 390,199 | 196,136 | 42,105 | 15,930 | 100,000 | 744,370
Page 9
SOUTHPORT GLASS CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 1 April 2024 & 31 March 2025 | 100
| Net book value |
| At 31 March 2025 | 100
| At 31 March 2024 | 100
| Subsidiary undertaking
| The following was a subsidiary undertaking of the company:
| Name | Class of shares | Holding
| Thermo Glass Limited | Ordinary | 100%
6. | Debtors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments | - | 77
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 368,248 | 70,250
| Corporation tax | 1,045 | 49,633
| Other creditors | 1,000 | 1,000
|  | 370,293 | 120,883
| Amounts owed to group undertakings are non-interest bearing, unsecured and repayable on demand.
Page 10
SOUTHPORT GLASS CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (61,953) | (57,149)
| Charged to profit or loss | (21,031) | (4,804)
| At end of year | (82,984) | (61,953)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed asset timing differences | (82,984) | (61,953)
9. | Related party transactions
| At 31 March 2025, the balance due to a director is £1,000 (2024: £1,000) and no interest is charged on the balance which is unsecured. The company has taken the exemption under FRS 102 not to disclose transactions with its subsidiary.
Page 11