Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 false true false 4 2024-07-01 4 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC127217 2024-07-01 2025-06-30 SC127217 2023-07-01 2024-06-30 SC127217 2025-06-30 SC127217 2024-06-30 SC127217 c:Director3 2024-07-01 2025-06-30 SC127217 d:CurrentFinancialInstruments 2025-06-30 SC127217 d:CurrentFinancialInstruments 2024-06-30 SC127217 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 SC127217 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC127217 d:ShareCapital 2025-06-30 SC127217 d:ShareCapital 2024-06-30 SC127217 d:RetainedEarningsAccumulatedLosses 2025-06-30 SC127217 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC127217 c:OrdinaryShareClass1 2024-07-01 2025-06-30 SC127217 c:OrdinaryShareClass1 2025-06-30 SC127217 c:OrdinaryShareClass1 2024-06-30 SC127217 c:FRS102 2024-07-01 2025-06-30 SC127217 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC127217 c:FullAccounts 2024-07-01 2025-06-30 SC127217 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC127217 2 2024-07-01 2025-06-30 SC127217 6 2024-07-01 2025-06-30 SC127217 e:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC127217 LUGG & GOULD LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
LUGG & GOULD LIMITED REGISTERED NUMBER: SC127217 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 495,881 |  | 525,779
Current assets |  |  |  |  |
Cash at bank |  | 21,033 |  | 12,833 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 5 | (4,386) |  | (1,620) |
Net current assets |  |  | 16,647 |  | 11,213
Total assets less current liabilities |  |  | 512,528 |  | 536,992
Net assets |  |  | 512,528 |  | 536,992
Capital and reserves |  |  |  |  |
Called up share capital | 6 |  | 100 |  | 100
Profit and loss account |  |  | 512,428 |  | 536,892
|  |  | 512,528 |  | 536,992
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 income and retained earnings 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:
Mr J D MacGregor
Director
Date: 9 January 2026
The notes on pages 2 to 5 form part of these financial statements. Page 1
LUGG & GOULD LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Lugg & Gould Limited is a private Company limited by shares, incorporated in England and Wales, United Kingdom. The address of the registered office is Buchan House, Carnegie Campus, Enterprise Way, Dunfermline, Fife, KY11 8PL. The Company is not part of a group. 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. The following principal accounting policies have been applied:
| 2.2 | 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 that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.3 | Investment income
For investments recognised under the cost model, dividends and other distributions have been recognised as income.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 2
LUGG & GOULD LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.5 | Taxation
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 corporation 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.
| 2.6 | Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.7 | 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.
| 2.8 | 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 3
LUGG & GOULD LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 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. 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 | 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. Page 4
LUGG & GOULD LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
4. | Fixed asset investments
|  | Listed investments
|  | £
| Cost or valuation |
| At 1 July 2024 | 525,779
| Additions | 174,098
| Disposals | (219,541)
| Revaluations | 15,545
| At 30 June 2025 | 495,881
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,472 | -
| Other creditors | 143 | -
| Accruals | 1,771 | 1,620
|  | 4,386 | 1,620
6. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares shares of £1.00 each | 100 | 100
7. | Related party transactions
| During the year the Company operated loans with a director of the Company. The amount payable to the director of the Company at the year end was £143 (2024 - £Nil). This loan is interest free and repayable on demand.
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