Caseware UK (AP4) 2024.0.164 2024.0.164 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 No description of principal activity 2 2 true true false 02714213 2024-04-01 2025-03-31 02714213 2023-04-01 2024-03-31 02714213 2025-03-31 02714213 2024-03-31 02714213 c:Director1 2024-04-01 2025-03-31 02714213 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 02714213 d:Buildings d:ShortLeaseholdAssets 2025-03-31 02714213 d:Buildings d:ShortLeaseholdAssets 2024-03-31 02714213 d:PlantMachinery 2024-04-01 2025-03-31 02714213 d:PlantMachinery 2025-03-31 02714213 d:PlantMachinery 2024-03-31 02714213 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02714213 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02714213 d:FreeholdInvestmentProperty 2025-03-31 02714213 d:FreeholdInvestmentProperty 2024-03-31 02714213 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 02714213 d:CurrentFinancialInstruments 2025-03-31 02714213 d:CurrentFinancialInstruments 2024-03-31 02714213 d:Non-currentFinancialInstruments 2025-03-31 02714213 d:Non-currentFinancialInstruments 2024-03-31 02714213 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 02714213 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02714213 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 02714213 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02714213 d:ShareCapital 2025-03-31 02714213 d:ShareCapital 2024-03-31 02714213 d:RevaluationReserve 2025-03-31 02714213 d:RevaluationReserve 2024-03-31 02714213 d:OtherMiscellaneousReserve 2024-04-01 2025-03-31 02714213 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02714213 d:RetainedEarningsAccumulatedLosses 2025-03-31 02714213 d:RetainedEarningsAccumulatedLosses 2024-03-31 02714213 c:OrdinaryShareClass1 2024-04-01 2025-03-31 02714213 c:OrdinaryShareClass1 2025-03-31 02714213 c:OrdinaryShareClass1 2024-03-31 02714213 c:FRS102 2024-04-01 2025-03-31 02714213 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02714213 c:FullAccounts 2024-04-01 2025-03-31 02714213 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02714213 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 02714213 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 02714213 2 2024-04-01 2025-03-31 02714213 4 2024-04-01 2025-03-31 02714213 6 2024-04-01 2025-03-31 02714213 f:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02714213 Ashcorn Estates Limited Unaudited Financial statements Information for filing with the registrar For the Year Ended 31 March 2025
Ashcorn Estates Limited Registered number: 02714213 Statement of Financial Position As at 31 March 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 187,221 |  | 197,051
Investments | 6 |  | 1,233,611 |  | 1,273,341
Investment property | 7 |  | 4,428,543 |  | 4,392,883
|  |  | 5,849,375 |  | 5,863,275
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 8 | 6,934,887 |  | 8,321,259 |
Cash at bank and in hand | 9 | 21,991,804 |  | 585,834 |
|  | 28,926,691 |  | 8,907,093 |
Creditors: amounts falling due within one year |  | (25,326,409) |  | (1,316,775) |
Net current assets |  |  | 3,600,282 |  | 7,590,318
Total assets less current liabilities |  |  | 9,449,657 |  | 13,453,593
Creditors: amounts falling due after more than one year | 10 |  | (386,078) |  | (2,966,079)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (256,624) |  | (305,433) |
|  |  | (256,624) |  | (305,433)
Net assets |  |  | 8,806,955 |  | 10,182,081
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 100 |  | 100
Revaluation reserve | 13 |  | 782,161 |  | 962,412
Profit and loss account | 13 |  | 8,024,694 |  | 9,219,569
|  |  | 8,806,955 |  | 10,182,081
Page 1
Ashcorn Estates Limited Registered number: 02714213 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 E Tuttiett
Director
Date: 23 December 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
Ashcorn Estates Limited Notes to the Financial Statements For the Year Ended 31 March 2025
1. | General information
Ashcorn Estates Limited is a private company limited by shares, incorporated in England & Wales (registered number 02714213). Its registered office and principal place of business is Prospect Place, Moorside Road, Winchester, Hampshire, SO23 7RX. The financial statements are presented in Sterling, which is the functional currency of the Company. 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 requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 following principal accounting policies have been applied:
| 2.2 | Going concern
In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. 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 period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
Ashcorn Estates Limited Notes to the Financial Statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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 reporting 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. Page 4
Ashcorn Estates Limited Notes to the Financial Statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.7 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 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, as described below. Depreciation is provided on the following basis:
|  |  |  | Leasehold | - |  | straight line over the length of the lease
|  |  |  | Plant and machinery | - | 25% | 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.
| 2.9 | Investment property
Investment property is carried at fair value determined annually by external valuers 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.
| 2.10 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.11 | Associates and joint ventures
Associates and Joint Ventures are held at cost less impairment. Page 5
Ashcorn Estates Limited Notes to the Financial Statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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.
| 2.15 | 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. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the Company's accounting policies, which are described in note 2, management is required to make judgments, estimates and assumptions about the carrying values of assets and the liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revisions affect only that period, or in the period of the revisions and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below. Valuation of investment properties As described in the notes to the financial statements, investment properties are stated at fair value based on the valuation by the director. The valuer used observable market prices adjusted as necessary for any difference in the nature, location or condition of the specific asset.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 6
Ashcorn Estates Limited Notes to the Financial Statements For the Year Ended 31 March 2025
5. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 232,800 | 29,081 | 261,881
| At 31 March 2025 | 232,800 | 29,081 | 261,881
| Depreciation |  |  |
| At 1 April 2024 | 46,380 | 18,450 | 64,830
| Charge for the year on owned assets | 7,172 | 2,658 | 9,830
| At 31 March 2025 | 53,552 | 21,108 | 74,660
| Net book value |  |  |
| At 31 March 2025 | 179,248 | 7,973 | 187,221
| At 31 March 2024 | 186,420 | 10,631 | 197,051
6. | Fixed asset investments
|  | Investments in subsidiary companies | Investments in associates | Listed investments | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | 2 | 263,122 | 1,010,217 | 1,273,341
| Additions | - | 494,172 | 773,775 | 1,267,947
| Disposals | - | - | (1,291,290) | (1,291,290)
| Revaluations | - | - | (16,387) | (16,387)
| At 31 March 2025 | 2 | 757,294 | 476,315 | 1,233,611
Page 7
Ashcorn Estates Limited Notes to the Financial Statements For the Year Ended 31 March 2025
7. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 4,392,883
| Surplus on revaluation | 35,660
| At 31 March 2025 | 4,428,543
The 2025 valuations were made by the director, on an open market value basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 3,385,661 | 3,385,661
|  | 3,385,661 | 3,385,661
Page 8
Ashcorn Estates Limited Notes to the Financial Statements For the Year Ended 31 March 2025
8. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 192,397 | 264,215
| Amounts owed by group undertakings | 2 | 2,649,717
| Other debtors | 6,585,989 | 5,224,661
| Prepayments and accrued income | 156,499 | 182,666
|  | 6,934,887 | 8,321,259
9. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 21,991,804 | 585,834
|  | 21,991,804 | 585,834
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 386,078 | 2,966,079
|  | 386,078 | 2,966,079
Page 9
Ashcorn Estates Limited Notes to the Financial Statements For the Year Ended 31 March 2025
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (305,432)
| Charged to profit or loss | 48,808
| At end of year | (256,624)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revaluation (gain)/loss on investment property and listed investments | (256,624) | (305,432)
|  | (256,624) | (305,432)
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
13. | Reserves
Other reserves Includes increases in the fair value of investment properties and decreases to the extent that such decreases relate to the increase on the same asset. The figure is stated net of the associated deferred tax. This reserve is non-distributable. Profit and loss account Includes all current and prior period retained profits and losses.
Page 10