Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 The principal activity of the company is continued to be that of property investment.2024-04-01 false 2 1 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC031613 2024-04-01 2025-03-31 SC031613 2023-04-01 2024-03-31 SC031613 2025-03-31 SC031613 2024-03-31 SC031613 2023-04-01 SC031613 c:Director2 2024-04-01 2025-03-31 SC031613 d:ComputerEquipment 2024-04-01 2025-03-31 SC031613 d:ComputerEquipment 2025-03-31 SC031613 d:ComputerEquipment 2024-03-31 SC031613 d:LeaseholdInvestmentProperty 2025-03-31 SC031613 d:LeaseholdInvestmentProperty 2024-03-31 SC031613 d:CurrentFinancialInstruments 2025-03-31 SC031613 d:CurrentFinancialInstruments 2024-03-31 SC031613 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC031613 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC031613 d:ShareCapital 2025-03-31 SC031613 d:ShareCapital 2024-03-31 SC031613 d:OtherMiscellaneousReserve 2024-04-01 2025-03-31 SC031613 d:OtherMiscellaneousReserve 2025-03-31 SC031613 d:OtherMiscellaneousReserve 2024-03-31 SC031613 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 SC031613 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC031613 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC031613 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 SC031613 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 SC031613 c:FRS102 2024-04-01 2025-03-31 SC031613 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC031613 c:FullAccounts 2024-04-01 2025-03-31 SC031613 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC031613 2 2024-04-01 2025-03-31 SC031613 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: SC031613 FRED HILL PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
FRED HILL PROPERTIES LIMITED REGISTERED NUMBER: SC031613 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 5 |  | 8,535,000 |  | 8,535,000
|  |  | 8,535,000 |  | 8,535,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 119,016 |  | 54,251 |
Cash at bank and in hand |  | 6,919,765 |  | 6,218,506 |
|  | 7,038,781 |  | 6,272,757 |
Creditors: amounts falling due within one year | 7 | (461,341) |  | (401,061) |
Net current assets |  |  | 6,577,440 |  | 5,871,696
Total assets less current liabilities |  |  | 15,112,440 |  | 14,406,696
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | (237,490) |  | (237,490) |
|  |  | (237,490) |  | (237,490)
Net assets |  |  | 14,874,950 |  | 14,169,206
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 80,000 |  | 80,000
Other reserves | 9 |  | (706,553) |  | (706,553)
Profit and loss account | 9 |  | 15,501,503 |  | 14,795,759
|  |  | 14,874,950 |  | 14,169,206
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FRED HILL PROPERTIES LIMITED REGISTERED NUMBER: SC031613 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 her 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:
L Hamme
Director
Date: 24 December 2025
The notes on pages 3 to 9 form part of these financial statements. Page 2
FRED HILL PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Fred Hill Properties Limited is a private company limited by share capital, incorporated in England and Wales, registration number SC031613. The address of the registered office is Brodies LLP, 110 Queen Street, Glasgow, Scotland, G1 3BX. 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 following principal accounting policies have been applied:
| 2.2 | 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.
| 2.3 | 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.
| 2.4 | 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. Page 3
FRED HILL PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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 | - | 4 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.
| 2.6 | Investment property
Investment property is carried at fair value determined annually by the director 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 | Debtors
Short-term debtors are measured at transaction price, 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.
| 2.9 | 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 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. Page 4
FRED HILL PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
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. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price.
| 2.11 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 5
FRED HILL PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 1).
Page 6
FRED HILL PROPERTIES 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 | 2,666
| At 31 March 2025 | 2,666
| Depreciation |
| At 1 April 2024 | 2,666
| At 31 March 2025 | 2,666
| Net book value |
| At 31 March 2025 | -
| At 31 March 2024 | -
5. | Investment property
|  | Long term leasehold investment property
|  | £
| Valuation |
| At 1 April 2024 | 8,535,000
| At 31 March 2025 | 8,535,000
The 2025 valuations were made by the director, on an open market value for existing use basis. The historical cost of the property is £9,004,063 (2024: £9,004,063).
Page 7
FRED HILL PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 17,854 | 15,801
| Other debtors | 101,162 | 38,450
|  | 119,016 | 54,251
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 420
| Corporation tax | 235,285 | 193,237
| Other taxation and social security | 73,338 | 65,528
| Other creditors | 32,330 | 237
| Accruals and deferred income | 120,388 | 141,639
|  | 461,341 | 401,061
8. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (237,490) | (237,490)
| At end of year | (237,490) | (237,490)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fair value movement | (237,490) | (237,490)
| The company also has a potential deferred tax asset of £758,397 arising from fair value losses which can be relieved against the deferred tax liabilities if sold in the order which allows the gains to be offset by the losses.
Page 8
FRED HILL PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Reserves
Other reserves Other reserves is made up of the fair value movement on investment property less the deferred tax arising thereon. Profit and loss account Profit and loss reserves relate to accumulated profits.
Page 9