Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 At the year end included in amounts owed by group undertakings is the balance of £2,378,768 (2024 - £2,378,768) owed from Ericsten Limited, the immediate parent company. These amounts are unsecured, without interest and are repayable on demand. At the year end included in amounts owed by group undertakings is the balance of £514,651 (2024 - £514,651) owed from Micanite Limited, the parent company. These amounts are unsecured, without interest and are repayable on demand. The Company has provided loan security on behalf of Micanite Limited by the way of a fixed cross party charge on Company and Group assets.24 20 2024-04-01 false No description of principal activity true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01325770 2024-04-01 2025-03-31 01325770 2023-04-01 2024-03-31 01325770 2025-03-31 01325770 2024-03-31 01325770 c:Director1 2024-04-01 2025-03-31 01325770 d:PlantMachinery 2024-04-01 2025-03-31 01325770 d:PlantMachinery 2025-03-31 01325770 d:PlantMachinery 2024-03-31 01325770 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01325770 d:FurnitureFittings 2024-04-01 2025-03-31 01325770 d:FurnitureFittings 2025-03-31 01325770 d:FurnitureFittings 2024-03-31 01325770 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01325770 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01325770 d:CurrentFinancialInstruments 2025-03-31 01325770 d:CurrentFinancialInstruments 2024-03-31 01325770 d:Non-currentFinancialInstruments 2025-03-31 01325770 d:Non-currentFinancialInstruments 2024-03-31 01325770 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 01325770 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01325770 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 01325770 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01325770 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 01325770 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 01325770 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 01325770 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 01325770 d:ShareCapital 2025-03-31 01325770 d:ShareCapital 2024-03-31 01325770 d:RetainedEarningsAccumulatedLosses 2025-03-31 01325770 d:RetainedEarningsAccumulatedLosses 2024-03-31 01325770 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 01325770 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01325770 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 01325770 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 01325770 d:RetirementBenefitObligationsDeferredTax 2025-03-31 01325770 d:RetirementBenefitObligationsDeferredTax 2024-03-31 01325770 c:OrdinaryShareClass1 2024-04-01 2025-03-31 01325770 c:OrdinaryShareClass1 2025-03-31 01325770 c:OrdinaryShareClass1 2024-03-31 01325770 c:FRS102 2024-04-01 2025-03-31 01325770 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01325770 c:FullAccounts 2024-04-01 2025-03-31 01325770 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01325770 d:WithinOneYear 2025-03-31 01325770 d:WithinOneYear 2024-03-31 01325770 d:BetweenOneFiveYears 2025-03-31 01325770 d:BetweenOneFiveYears 2024-03-31 01325770 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01325770 ELMELIN LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
ELMELIN LIMITED REGISTERED NUMBER: 01325770 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 475,282 |  | 376,302
|  |  | 475,282 |  | 376,302
Current Assets |  |  |  |  |
Stocks | 5 | 209,758 |  | 215,408 |
Debtors: amounts falling due within one year | 6 | 3,398,179 |  | 3,220,378 |
Cash at bank and in hand | 7 | 282,260 |  | 124,726 |
Current liablities |  | 3,890,197 |  | 3,560,512 |
Creditors: amounts falling due within one year | 8 | (638,196) |  | (271,185) |
Net current assets |  |  | 3,252,001 |  | 3,289,327
Total assets less current liabilities |  |  | 3,727,283 |  | 3,665,629
Creditors: amounts falling due after more than one year | 9 |  | (454,998) |  | (238,477)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | - |  | (24,564) |
|  |  | - |  | (24,564)
Net assets |  |  | 3,272,285 |  | 3,402,588
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 50,000 |  | 50,000
Profit and loss account |  |  | 3,222,285 |  | 3,352,588
|  |  | 3,272,285 |  | 3,402,588
Page 1
ELMELIN LIMITED REGISTERED NUMBER: 01325770 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 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:
T C Hughes
Director
Date: 4 December 2025
The notes on pages 3 to 11 form part of these financial statements. Page 2
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Elmelin Limited is a private company limited by shares, incorporated in England and Wales. The address of its registered office is East London Mica Words, No 1 Betts Mews, Ringwood Road, London, E17 8PQ. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Foreign currency transactions are translated into the functional currency using weighted average exchange rates of forward contracts.
| 2.3 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction 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. Page 3
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Leased assets: the Company as lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
| 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 | 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. Page 4
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | 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:
|  |  |  | Plant and machinery | - | over 7 years
|  |  |  | Fixtures and fittings | - | over 3-7 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.
| 2.10 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a normal business practice basis. Work in progress and finished goods include labour and attributable overheads. 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 | 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. Page 5
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.14 | 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. Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation. Increases in provisions are generally charged as an expense to profit or loss.
| 2.15 | 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. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. 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 debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.
3. | Employees
| The average monthly number of employees, including directors, during the year was 20 (2024 - 24).
Page 6
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 858,755 | 239,389 | 1,098,144
| Additions | 177,406 | 1,423 | 178,829
| At 31 March 2025 | 1,036,161 | 240,812 | 1,276,973
| Depreciation |  |  |
| At 1 April 2024 | 577,784 | 144,058 | 721,842
| Charge for the year on owned assets | 56,064 | 23,785 | 79,849
| At 31 March 2025 | 633,848 | 167,843 | 801,691
| Net book value |  |  |
| At 31 March 2025 | 402,313 | 72,969 | 475,282
| At 31 March 2024 | 280,971 | 95,331 | 376,302
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 136,734 | 94,476
| Finished goods and goods for resale | 73,024 | 120,932
|  | 209,758 | 215,408
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 309,533 | 233,794
| Amounts owed by group undertakings | 2,893,419 | 2,893,419
| Other debtors | - | 4,157
| Prepayments and accrued income | 176,547 | 89,008
| Deferred taxation | 18,680 | -
|  | 3,398,179 | 3,220,378
Page 7
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 282,260 | 124,726
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 45,455 | 45,455
| Trade creditors | 126,955 | 101,682
| Other taxation and social security | 55,236 | 20,014
| Obligations under finance lease and hire purchase contracts | 94,140 | 54,852
| Other creditors | 138,796 | 9,022
| Accruals and deferred income | 177,614 | 40,160
|  | 638,196 | 271,185
| The hire purchase contracts are secured by way of a charge over the specific assets they relate to. Included in other creditors are £127,904 (2024 - £NIL) of liabilities secured by the way of a fixed charge.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 18,024 | 104,682
| Obligations under finance lease and hire purchase contracts | 175,035 | 133,795
| Accruals and deferred income | 261,939 | -
|  | 454,998 | 238,477
| The hire purchase contracts are secured by way of a charge over the specific assets they relate to.
Page 8
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 45,455 | 45,455
|  | 45,455 | 45,455
| Amounts falling due 1-2 years |  |
| Bank loans | 18,024 | 45,454
|  | 18,024 | 45,454
| Amounts falling due 2-5 years |  |
| Bank loans | - | 59,228
|  | - | 59,228
|  | 63,479 | 150,137
| The bank loans are secured against the Company's assets and the loans are interest bearing.
Page 9
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (24,564)
| Charged to profit or loss | 43,244
| At end of year | 18,680
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (104,172) | (78,686)
| Tax losses carried forward | 118,963 | 50,371
| Pension and wages surplus | 3,889 | 3,751
|  | 18,680 | (24,564)
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 50,000 (2024 - 50,000) Ordinary shares of £1.00 each | 50,000 | 50,000
13. | Pension commitments
The Company operates 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 £39,114 (2024 - £38,050). Contributions totalling £8,003 (2024 - £6,516) were payable to the fund at the balance sheet date and are included in creditors. Page 10
ELMELIN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
14. | Commitments under operating leases
| At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 68,012 | 68,012
| Later than 1 year and not later than 5 years | 136,024 | 204,036
|  | 204,036 | 272,048
15. | Related party transactions
| At the year end included in amounts owed by group undertakings is the balance of £2,378,768 (2024 - £2,378,768) owed from Ericsten Limited, the immediate parent company. These amounts are unsecured, without interest and are repayable on demand. At the year end included in amounts owed by group undertakings is the balance of £514,651 (2024 - £514,651) owed from Micanite Limited, the parent company. These amounts are unsecured, without interest and are repayable on demand. The Company has provided loan security on behalf of Micanite Limited by the way of a fixed cross party charge on Company and Group assets.
16. | Controlling party
The immediate parent company is Ericsten Limited. The ultimate parent company is Micanite Limited. In the opinion of the Directors, Micanite Limited is not controlled by any one person.
Page 11