Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 true 2024-04-01 false No description of principal activity 1 1 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02965417 2024-04-01 2025-03-31 02965417 2023-04-01 2024-03-31 02965417 2025-03-31 02965417 2024-03-31 02965417 c:Director1 2024-04-01 2025-03-31 02965417 d:ComputerEquipment 2024-04-01 2025-03-31 02965417 d:ComputerEquipment 2025-03-31 02965417 d:ComputerEquipment 2024-03-31 02965417 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02965417 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 02965417 d:FreeholdInvestmentProperty 2025-03-31 02965417 d:FreeholdInvestmentProperty 2024-03-31 02965417 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 02965417 d:CurrentFinancialInstruments 2025-03-31 02965417 d:CurrentFinancialInstruments 2024-03-31 02965417 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 02965417 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02965417 d:ShareCapital 2025-03-31 02965417 d:ShareCapital 2024-03-31 02965417 d:RevaluationReserve 2025-03-31 02965417 d:RevaluationReserve 2024-03-31 02965417 d:OtherMiscellaneousReserve 2024-04-01 2025-03-31 02965417 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02965417 d:RetainedEarningsAccumulatedLosses 2025-03-31 02965417 d:RetainedEarningsAccumulatedLosses 2024-03-31 02965417 c:OrdinaryShareClass1 2024-04-01 2025-03-31 02965417 c:OrdinaryShareClass1 2025-03-31 02965417 c:OrdinaryShareClass1 2024-03-31 02965417 c:FRS102 2024-04-01 2025-03-31 02965417 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02965417 c:FullAccounts 2024-04-01 2025-03-31 02965417 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02965417 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 02965417 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02965417 6 2024-04-01 2025-03-31 02965417 f:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02965417 KEYSTONE PROPERTY COMPANY LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
KEYSTONE PROPERTY COMPANY LIMITED REGISTERED NUMBER: 02965417 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 435 |  | 985
Investments | 5 |  | 160,000 |  | 160,000
Investment property | 6 |  | 384,848 |  | 456,479
|  |  | 545,283 |  | 617,464
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 1,157,924 |  | 928,097 |
Cash at bank and in hand | 8 | 28,624 |  | 79,821 |
|  | 1,186,548 |  | 1,007,918 |
Creditors: amounts falling due within one year | 9 | (118,760) |  | (112,590) |
Net current assets |  |  | 1,067,788 |  | 895,328
Total assets less current liabilities |  |  | 1,613,071 |  | 1,512,792
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (57,499) |  | (71,337) |
|  |  | (57,499) |  | (71,337)
Net assets |  |  | 1,555,572 |  | 1,441,455
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 2 |  | 2
Revaluation reserve | 12 |  | 172,470 |  | 214,010
Profit and loss account | 12 |  | 1,383,100 |  | 1,227,443
|  |  | 1,555,572 |  | 1,441,455
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KEYSTONE PROPERTY COMPANY LIMITED REGISTERED NUMBER: 02965417 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The director considers 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 director acknowledges his 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 on 23 December 2025.
J E Tuttiett
Director
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KEYSTONE PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Keystone Property Company Limited is a private company limited by shares, incorporated in England and Wales (registered number 02965417). Its registered office and principal place of business is Prospect Place, Moorside Road, Winchester, United Kingdom, 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. 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 | 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. Page 3
KEYSTONE PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | 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:
|  |  |  | Computer equipment | - | 3 years straight line
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. Page 4
KEYSTONE PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.8 | Associates and joint ventures
Associates and Joint Ventures are held at cost less impairment.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
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KEYSTONE PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 3,295
| At 31 March 2025 | 3,295
| Depreciation |
| At 1 April 2024 | 2,309
| Charge for the year on owned assets | 551
| At 31 March 2025 | 2,860
| Net book value |
| At 31 March 2025 | 435
| At 31 March 2024 | 985
5. | Fixed asset investments
|  | Investments in associates
|  | £
| Cost or valuation |
| At 1 April 2024 | 160,000
| At 31 March 2025 | 160,000
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KEYSTONE PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 456,479
| Disposals | (87,850)
| Surplus on revaluation | 16,219
| At 31 March 2025 | 384,848
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 | 154,853 | 167,048
|  | 154,853 | 167,048
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KEYSTONE PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 152,801 | 56,709
| Amounts owed by group undertakings | 488,493 | 8,063
| Other debtors | 485,000 | 820,000
| Prepayments and accrued income | 31,630 | 43,325
|  | 1,157,924 | 928,097
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 28,624 | 79,821
|  | 28,624 | 79,821
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 36,020 | 43,427
| Amounts owed to group undertakings | - | 1,250
| Corporation tax | 47,142 | 13,259
| Accruals and deferred income | 35,598 | 54,654
|  | 118,760 | 112,590
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KEYSTONE PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (71,337)
| Charged to profit or loss | 13,838
| At end of year | (57,499)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Surplus on revalued investment properties | (57,499) | (71,337)
|  | (57,499) | (71,337)
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2024 - 2) Ordinary shares of £1.00 each | 2 | 2
12. | 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 asset or liability. This reserve is non-distributable. Profit and loss account Includes all current and prior period retained profits and losses.
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