Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 4 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01 false 4 true true false 00955789 2024-04-01 2025-03-31 00955789 2023-04-01 2024-03-31 00955789 2025-03-31 00955789 2024-03-31 00955789 2023-04-01 00955789 c:Director1 2024-04-01 2025-03-31 00955789 d:FurnitureFittings 2024-04-01 2025-03-31 00955789 d:FurnitureFittings 2025-03-31 00955789 d:FurnitureFittings 2024-03-31 00955789 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00955789 d:FreeholdInvestmentProperty 2025-03-31 00955789 d:FreeholdInvestmentProperty 2024-03-31 00955789 d:CurrentFinancialInstruments 2025-03-31 00955789 d:CurrentFinancialInstruments 2024-03-31 00955789 d:Non-currentFinancialInstruments 2025-03-31 00955789 d:Non-currentFinancialInstruments 2024-03-31 00955789 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 00955789 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00955789 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 00955789 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00955789 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 00955789 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 00955789 d:ShareCapital 2025-03-31 00955789 d:ShareCapital 2024-03-31 00955789 d:ShareCapital 2023-04-01 00955789 d:OtherMiscellaneousReserve 2024-04-01 2025-03-31 00955789 d:OtherMiscellaneousReserve 2025-03-31 00955789 d:OtherMiscellaneousReserve 2024-03-31 00955789 d:OtherMiscellaneousReserve 2023-04-01 00955789 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00955789 d:RetainedEarningsAccumulatedLosses 2025-03-31 00955789 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00955789 d:RetainedEarningsAccumulatedLosses 2024-03-31 00955789 d:RetainedEarningsAccumulatedLosses 2023-04-01 00955789 d:OtherDeferredTax 2025-03-31 00955789 d:OtherDeferredTax 2024-03-31 00955789 c:FRS102 2024-04-01 2025-03-31 00955789 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00955789 c:FullAccounts 2024-04-01 2025-03-31 00955789 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00955789 2 2024-04-01 2025-03-31 00955789 6 2024-04-01 2025-03-31 00955789 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 00955789 LANCER INVESTMENTS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
LANCER INVESTMENTS LIMITED REGISTERED NUMBER: 00955789 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 26 |  | 31
Investments | 5 |  | 10,050 |  | 10,050
Investment property | 6 |  | 7,250,000 |  | 7,250,000
|  |  | 7,260,076 |  | 7,260,081
Current assets |  |  |  |  |
Stocks |  | 1,458,572 |  | 1,458,572 |
Debtors: amounts falling due after more than one year | 8 | 1,000,000 |  | 1,000,000 |
Debtors: amounts falling due within one year | 8 | 440,127 |  | 456,869 |
|  | 2,898,699 |  | 2,915,441 |
Creditors: amounts falling due within one year | 10 | (1,016,690) |  | (1,006,022) |
Net current assets |  |  | 1,882,009 |  | 1,909,419
Total assets less current liabilities |  |  | 9,142,085 |  | 9,169,500
Creditors: amounts falling due after more than one year | 11 |  | (1,000,000) |  | (1,000,000)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (921,400) |  | (921,400) |
|  |  | (921,400) |  | (921,400)
Net assets |  |  | 7,220,685 |  | 7,248,100
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 6,000 |  | 6,000
Other reserves | 14 |  | 4,789,499 |  | 4,789,499
Profit and loss account | 14 |  | 2,425,186 |  | 2,452,601
|  |  | 7,220,685 |  | 7,248,100
Page 1
LANCER INVESTMENTS LIMITED REGISTERED NUMBER: 00955789 BALANCE SHEET (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 profit and loss account 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:
Mr H J Sage
Director
Date: 30 November 2025
The notes on pages 4 to 11 form part of these financial statements. Page 2
LANCER INVESTMENTS LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Other reserves | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 April 2023 | 6,000 | 4,789,499 | 2,516,750 | 7,312,249
Profit for the year | - | - | 335,851 | 335,851
Dividends: Equity capital | - | - | (400,000) | (400,000)
At 1 April 2024 | 6,000 | 4,789,499 | 2,452,601 | 7,248,100
Profit for the year | - | - | 372,585 | 372,585
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | - | (400,000) | (400,000)
At 31 March 2025 | 6,000 | 4,789,499 | 2,425,186 | 7,220,685
| The notes on pages 4 to 11 form part of these financial statements.
Page 3
LANCER INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Lancer Investments Limited (company registration number:00955789) is a private company limited by shares and incorporated in England and Wales. The registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW. 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 is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue represents amounts receivable from sale of properties and rental income. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income is recognised in the period it relates to. Revenue from the sale of properties is recognised when all the conditions have been met, as from exchange of contracts.
| 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
LANCER INVESTMENTS 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 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 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.
| 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, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 15% | 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 profit or loss.
| 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 profit or loss. Page 5
LANCER INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.10 | Stocks
Stock of properties are valued at the lower of cost or net realisable value. At each balance sheet 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 profit or loss.
| 2.11 | 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.
| 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 | 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.
| 2.14 | 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 Balance sheet when the Company becomes party to the contractual provisions of the instrument. 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 with the operating cycle fall into this category of financial instruments. Page 6
LANCER INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.14 | Financial instruments (continued)
Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payments 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 instruments 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.
| 2.15 | 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).
Page 7
LANCER INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 April 2024 | 2,550
| At 31 March 2025 | 2,550
| Depreciation |
| At 1 April 2024 | 2,519
| Charge for the year on owned assets | 5
| At 31 March 2025 | 2,524
| Net book value |
| At 31 March 2025 | 26
| At 31 March 2024 | 31
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 April 2024 | 10,050
| At 31 March 2025 | 10,050
Page 8
LANCER INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 7,250,000
| At 31 March 2025 | 7,250,000
The 2025 valuations were made by the directors.
7. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Stock of properties | 1,458,572 | 1,458,572
8. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 1,000,000 | 1,000,000
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 87,639 | 132,382
| Amounts owed by group undertakings | 59,820 | 59,820
| Other debtors | 292,668 | 264,667
|  | 440,127 | 456,869
Page 9
LANCER INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Less: bank overdrafts | (372,211) | (373,281)
|  | (372,211) | (373,281)
10. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 372,211 | 373,281
| Trade creditors | 854 | 15,194
| Amounts owed to group undertakings | 273,007 | 214,120
| Corporation tax | 5,468 | 33,993
| Other taxation and social security | 42,486 | 46,451
| Other creditors | 23,124 | 23,124
| Accruals and deferred income | 299,540 | 299,859
|  | 1,016,690 | 1,006,022
| The bank overdraft of £372,211 (2024: £373,281) is secured on properties held in stock.
11. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,000,000 | 1,000,000
| The bank loan of £1,000,000 (2024: £1,000,000) is secured on properties held in stock.
12. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Bank loans | 1,000,000 | 1,000,000
Page 10
LANCER INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (921,400)
| At end of year | (921,400)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fair value uplift on investment properties | (921,400) | (921,400)
14. | Reserves
Other reserves The other reserves comprise the balance of fair value adjustments relating to the investment property net of deferred tax on the gain. Profit and loss account The profit and loss account comprise the balance of profits accumulated over the life of the company.
15. | Related party transactions
| The company has taken advantage of the exemption available in Financial Reporting Standard 102, whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group. Included in creditors is a loan of £23,124 (2024: £23,124) due to a company controlled by a connected party.
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