Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false 2024-01-01 The principal activity of the company is that of corporate consultancy.5 4 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI606715 2024-01-01 2024-12-31 NI606715 2023-01-01 2023-12-31 NI606715 2024-12-31 NI606715 2023-12-31 NI606715 c:Director1 2024-01-01 2024-12-31 NI606715 d:FurnitureFittings 2024-01-01 2024-12-31 NI606715 d:FurnitureFittings 2024-12-31 NI606715 d:FurnitureFittings 2023-12-31 NI606715 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI606715 d:ComputerEquipment 2024-01-01 2024-12-31 NI606715 d:ComputerEquipment 2024-12-31 NI606715 d:ComputerEquipment 2023-12-31 NI606715 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI606715 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI606715 d:CurrentFinancialInstruments 2024-12-31 NI606715 d:CurrentFinancialInstruments 2023-12-31 NI606715 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI606715 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI606715 d:ShareCapital 2024-12-31 NI606715 d:ShareCapital 2023-12-31 NI606715 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI606715 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI606715 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 NI606715 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 NI606715 c:OrdinaryShareClass1 2024-01-01 2024-12-31 NI606715 c:OrdinaryShareClass1 2024-12-31 NI606715 c:OrdinaryShareClass1 2023-12-31 NI606715 c:FRS102 2024-01-01 2024-12-31 NI606715 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI606715 c:FullAccounts 2024-01-01 2024-12-31 NI606715 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI606715 2 2024-01-01 2024-12-31 NI606715 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI606715 LOUGH SHORE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
LOUGH SHORE LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 7
LOUGH SHORE LIMITED REGISTERED NUMBER: NI606715 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,102 |  | 3,582
|  |  | 3,102 |  | 3,582
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 519,631 |  | 455,803 |
Cash at bank and in hand | 6 | 4,876 |  | 39,141 |
|  | 524,507 |  | 494,944 |
Creditors: amounts falling due within one year | 7 | (714,569) |  | (858,071) |
Net current liabilities |  |  | (190,062) |  | (363,127)
Total assets less current liabilities |  |  | (186,960) |  | (359,545)
Net liabilities |  |  | (186,960) |  | (359,545)
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account |  |  | (187,060) |  | (359,645)
|  |  | (186,960) |  | (359,545)
Page 1
LOUGH SHORE LIMITED REGISTERED NUMBER: NI606715 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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:
D Moore
Director
Date: 28 November 2025
The notes on pages 3 to 7 form part of these financial statements. Page 2
LOUGH SHORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Lough Shore Limited is a private company, limited by shares, incorporated in Northern Ireland with registration number NI606715. The registered office address is 47a Botanic Avenue, Belfast, BT7 1JL. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued support of the director, who has confirmed provision of such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statement of the company.
| 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 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
LOUGH SHORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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:
|  |  |  | Fixtures and fittings | - | 20% |
|  |  |  | Computer equipment | - | 33% |
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.
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | 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 4
LOUGH SHORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 5 (2023 - 4).
4. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2024 | 7,218 | 11,336 | 18,554
| Additions | - | 917 | 917
| Disposals | - | (2,249) | (2,249)
| At 31 December 2024 | 7,218 | 10,004 | 17,222
| Depreciation |  |  |
| At 1 January 2024 | 7,218 | 7,754 | 14,972
| Charge for the year on owned assets | - | 1,397 | 1,397
| Disposals | - | (2,249) | (2,249)
| At 31 December 2024 | 7,218 | 6,902 | 14,120
| Net book value |  |  |
| At 31 December 2024 | - | 3,102 | 3,102
| At 31 December 2023 | - | 3,582 | 3,582
Page 5
LOUGH SHORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | Restated 2023
|  |  |  |  | £ | £
| Amounts owed by joint ventures and associated undertakings | 145,733 | 323,099
| Other debtors | 5,736 | 15,463
| Prepayments and accrued income | 368,162 | 117,241
|  | 519,631 | 455,803
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 4,876 | 39,141
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | Restated 2023
|  |  |  |  | £ | £
| Trade creditors | 1,813 | 3,910
| Amounts owed to associates | 463,285 | 300,285
| Other taxation and social security | 54,863 | 362,419
| Other creditors | 166,645 | 185,222
| Accruals and deferred income | 27,963 | 6,235
|  | 714,569 | 858,071
8. | Financial instruments
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 4,876 | 39,141
| Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
Page 6
LOUGH SHORE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2023 - 100) Ordinary shares of £1.00 each | 100 | 100
10. | Prior year adjustment
During preparation of the financial statements for the year ended 31 December 2024, the balance sheet has been adjusted to correct an allocation error between two related parties. As a result, the prior year comparative for debtors and creditors have each been adjusted by £50,000.
11. | 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 £3,564 (2023 - £3,298). Contributions totalling £5,169 (2023 - £629) were payable to the fund at the balance sheet date and are included in creditors.
12. | Related party transactions
| Included within debtors is an amount due from Lough Shore Technologies Limited, a company which D Moore is also a Director and the unltimate controlling party of £70,793 (2023 - £70,472). In addition, included in debtors is an amount due from Options Technology Limited, a company which D Moore is also a Director and shareholder, £74,940 (2023 - £252,627). Included within creditors is an amount due to Lough Shore Investments LLP, a partnership in which D Moore is a designated member £463,285 (2023 - £350,285). These amounts are unsecured, interest free and repayable on demand.
Page 7