Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false No description of principal activity 6 6 true true 08434985 2024-04-01 2025-03-31 08434985 2023-04-01 2024-03-31 08434985 2025-03-31 08434985 2024-03-31 08434985 c:CompanySecretary1 2024-04-01 2025-03-31 08434985 c:Director1 2024-04-01 2025-03-31 08434985 c:Director2 2024-04-01 2025-03-31 08434985 c:Director3 2024-04-01 2025-03-31 08434985 c:RegisteredOffice 2024-04-01 2025-03-31 08434985 d:OfficeEquipment 2024-04-01 2025-03-31 08434985 d:OfficeEquipment 2025-03-31 08434985 d:OfficeEquipment 2024-03-31 08434985 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08434985 d:CurrentFinancialInstruments 2025-03-31 08434985 d:CurrentFinancialInstruments 2024-03-31 08434985 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08434985 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08434985 d:ShareCapital 2025-03-31 08434985 d:ShareCapital 2024-03-31 08434985 d:RetainedEarningsAccumulatedLosses 2025-03-31 08434985 d:RetainedEarningsAccumulatedLosses 2024-03-31 08434985 c:OrdinaryShareClass1 2024-04-01 2025-03-31 08434985 c:OrdinaryShareClass1 2025-03-31 08434985 c:OrdinaryShareClass1 2024-03-31 08434985 c:FRS102 2024-04-01 2025-03-31 08434985 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08434985 c:FullAccounts 2024-04-01 2025-03-31 08434985 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08434985 6 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08434985 FES LIGHTING UK LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FES LIGHTING UK LIMITED CONTENTS
| Page
Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 - 10
FES LIGHTING UK LIMITED COMPANY INFORMATION
Directors | S Conway
| P Hawksworth
| M Brodin
Company secretary | S Conway
Registered number | 08434985
Registered office | 10 Gloucester Place
| Portman Square
| London
| W1U 8EZ
Accountants | Blick Rothenberg Limited
| Chartered Accountants
| 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Page 1
|  | REGISTERED NUMBER:08434985
FES LIGHTING UK LIMITED BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,191 |  | 3,331
Investments | 5 |  | 3 |  | 5
|  |  | 2,194 |  | 3,336
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 2,321,880 |  | 3,246,127 |
Cash at bank and in hand |  | 126,913 |  | 195,805 |
|  | 2,448,793 |  | 3,441,932 |
Creditors: amounts falling due within one year | 7 | (3,016,717) |  | (3,212,258) |
Net current (liabilities)/assets |  |  | (567,924) |  | 229,674
Total assets less current liabilities |  |  | (565,730) |  | 233,010
Net (liabilities)/assets |  |  | (565,730) |  | 233,010
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 1 |  | 1
Profit and loss account |  |  | (565,731) |  | 233,009
Total (net deficit)/equity |  |  | (565,730) |  | 233,010
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 were approved and authorised for issue by the board and were signed on its behalf by:
S Conway
Director
Date: 13 November 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
FES LIGHTING UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
FES Lighting UK Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 10 Gloucester Place, Portman Square, London, W1U 8EZ. The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 | Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
| 2.4 | Revenue
Income from the management fees for services rendered to other group companies are recognised when the company has agreed the fee with that company and that is probable that the company will receive the previously agreed upon payment. Income from direct sales of lighting systems is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the previously agreed upon payment. These criteria are considered to be met when the goods are delivered and installed for the customer in accordance under the terms of the sales agreement. Commission and other ad hoc revenue are recognised when the service is performed. Revenue is recognised net of value added tax.
| 2.5 | Interest income
Interest income is recognised on an accrual basis by applying the effective interest rate which takes account of the amortisation of finance costs over the term of the loan. Page 3
FES LIGHTING UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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.
| 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | straight line over 3-5 years
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.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.10 | Cash at bank
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.11 | Share capital
Ordinary shares are classified as equity. Page 4
FES LIGHTING UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is Sterling (£). 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 the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account. Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss accounts within 'administrative expenses'.
| 2.13 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. 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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Page 5
FES LIGHTING UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.14 | Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Financial liabilities Basic financial liabilities, including trade and other creditors and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Page 6
FES LIGHTING UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
|  | Financial instruments (continued)
Impairment of financial assets Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 6 (2024 - 6).
Page 7
FES LIGHTING UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost |
| At 1 April 2024 | 121,129
| Additions | 2,161
| At 31 March 2025 | 123,290
| Depreciation |
| At 1 April 2024 | 117,798
| Charge for the year | 3,301
| At 31 March 2025 | 121,099
| Net book value |
| At 31 March 2025 | 2,191
| At 31 March 2024 | 3,331
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 1 April 2024 | 5
| Disposals | (2)
| At 31 March 2025 | 3
Page 8
FES LIGHTING UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 50,149 | 1,947
| Amounts owed by group undertakings | 2,054,434 | 3,084,188
| Other debtors | 198,044 | 132,411
| Prepayments and accrued income | 11,597 | 15,038
| VAT | 7,656 | 12,543
|  | 2,321,880 | 3,246,127
| The amounts owed by group undertakings bear no interest, are unsecured and are repayable on demand.
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 21,965 | 29,203
| Amounts owed to group undertakings | 2,918,681 | 3,130,487
| Other taxation and social security | 58,221 | 20,051
| Accruals and deferred income | 17,850 | 32,517
|  | 3,016,717 | 3,212,258
| The amounts due to group undertakings bear no interest, are unsecured and are repayable on demand.
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary share of £1 | 1 | 1
Page 9
FES LIGHTING UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Related party transactions
| The company has taken advantage of the exemption conferred by Financial Reporting Standard 102 Section 33 ‘Related Party Disclosures’ paragraph 33.1A not to disclose transactions with certain group companies on the grounds that 100% of the voting rights in the company are controlled by the group. During the year the company has been charged a total of £80,017 (2024 - £114,888) for administrative, bookkeeping and related services. During the year the company has received other income of £745,593 (2024 - £502,277) for administration, bookkeeping and related services to a company where the company's director is also a director of this company.
10. | Controlling party
The company is a subsidiary of Future Energy Solutions European Lighting Group Limited, a company incorporated in England and Wales. Its ultimate parent company is Future Energy Solutions Lighting Holdings Limited, a company incorporated in England and Wales with a registered office at 10 Gloucester Place, Portman Square, London, W1U 8EZ. Future Energy Solutions European Lighting Group Limited. The ultimate controlling party is Mr A Lyons.
Page 10