Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 true true true true true true 2 false 2024-05-01 false Letting and operating of property 3 true SC651098 2024-05-01 2025-04-30 SC651098 2023-05-01 2024-04-30 SC651098 2025-04-30 SC651098 2024-04-30 SC651098 2023-05-01 SC651098 c:Director1 2024-05-01 2025-04-30 SC651098 c:Director1 2025-04-30 SC651098 c:Director2 2024-05-01 2025-04-30 SC651098 c:Director3 2024-05-01 2025-04-30 SC651098 c:Director3 2025-04-30 SC651098 c:RegisteredOffice 2024-05-01 2025-04-30 SC651098 d:FurnitureFittings 2024-05-01 2025-04-30 SC651098 d:FurnitureFittings 2025-04-30 SC651098 d:FurnitureFittings 2024-04-30 SC651098 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 SC651098 d:FreeholdInvestmentProperty 2025-04-30 SC651098 d:FreeholdInvestmentProperty 2024-04-30 SC651098 d:CurrentFinancialInstruments 2025-04-30 SC651098 d:CurrentFinancialInstruments 2024-04-30 SC651098 d:Non-currentFinancialInstruments 2025-04-30 SC651098 d:Non-currentFinancialInstruments 2024-04-30 SC651098 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 SC651098 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC651098 d:Non-currentFinancialInstruments d:AfterOneYear 2025-04-30 SC651098 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC651098 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-04-30 SC651098 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 SC651098 d:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 SC651098 d:RetainedEarningsAccumulatedLosses 2025-04-30 SC651098 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 SC651098 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC651098 d:RetainedEarningsAccumulatedLosses 2023-05-01 SC651098 d:AcceleratedTaxDepreciationDeferredTax 2025-04-30 SC651098 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 SC651098 c:FRS102 2024-05-01 2025-04-30 SC651098 c:Audited 2024-05-01 2025-04-30 SC651098 c:FullAccounts 2024-05-01 2025-04-30 SC651098 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC651098 d:HirePurchaseContracts d:WithinOneYear 2025-04-30 SC651098 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 SC651098 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-04-30 SC651098 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 SC651098 c:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC651098 e:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: SC651098 PARKLEA HOLDINGS LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 APRIL 2025
PARKLEA HOLDINGS LIMITED
COMPANY INFORMATION
Directors | I A Suttie (deceased 4 October 2025)
| M I Suttie
| S Brown (appointed 1 July 2024)
Registered number | SC651098
Registered office | First Integrated House
| Broadfold Road
| Aberdeen
| AB23 8EE
Independent auditor | AAB Audit & Accountancy Limited
| Kingshill View
| Prime Four Business Park
| Kingswells
| Aberdeen
| AB15 8PU
PARKLEA HOLDINGS LIMITED
CONTENTS
| Page
Directors' responsibilities statement | 1
Balance sheet | 2 - 3
Statement of changes in equity | 4
Notes to the financial statements | 5 - 11
PARKLEA HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 APRIL 2025 The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 1
PARKLEA HOLDINGS LIMITED REGISTERED NUMBER:SC651098
BALANCE SHEET AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 93,778 |  | 100,425
Investment property | 5 |  | 3,134,765 |  | 3,134,765
|  |  | 3,228,543 |  | 3,235,190
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 34,433 |  | 29,754 |
Cash at bank and in hand | 7 | 33,112 |  | 55,621 |
|  | 67,545 |  | 85,375 |
Creditors: amounts falling due within one year | 8 | (2,404,392) |  | (2,512,557) |
Net current liabilities |  |  | (2,336,847) |  | (2,427,182)
Total assets less current liabilities |  |  | 891,696 |  | 808,008
Creditors: amounts falling due after more than one year | 9 |  | (197,698) |  | (333,723)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (16,193) |  | (17,392) |
|  |  | (16,193) |  | (17,392)
Net assets |  |  | 677,805 |  | 456,893
Capital and reserves |  |  |  |  |
Profit and loss account |  |  | 677,805 |  | 456,893
|  |  | 677,805 |  | 456,893
Page 2
PARKLEA HOLDINGS LIMITED REGISTERED NUMBER:SC651098
BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025 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:
M I Suttie
Director
Date: 16 January 2026
The notes on pages 5 to 11 form part of these financial statements. Page 3
PARKLEA HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2025
| Profit and loss account | Total equity
| £ | £
At 1 May 2023 | 261,879 | 261,879
Profit for the year | 195,014 | 195,014
At 1 May 2024 | 456,893 | 456,893
Profit for the year | 220,912 | 220,912
At 30 April 2025 | 677,805 | 677,805
| The notes on pages 5 to 11 form part of these financial statements.
Page 4
PARKLEA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
The Company is a private limited Company incorporated in Scotland. The registered office address is First Integrated House, Broadfold Road, Bridge of Don, Aberdeen, AB23 8EE. The principal activity of the Company is the letting and operating of property. 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 | Financial Reporting Standard 102 - reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); ∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of First Tech Limited as at 30 April 2025 and these financial statements may be obtained from Companies House.
| 2.3 | Going concern
The directors, having made due and careful enquiry, note that the Company is in a net current liability position as at year end, which presents a potential risk to the Company’s short-term liquidity. However, the directors have considered the Company’s cash flow forecasts, including the guaranteed rental income over the next 12 months, and the ongoing financial and operational support available from its ultimate parent company, First Tech Limited. The directors are satisfied that this support, together with the income stream, provides the Company with adequate resources to meet its obligations as they fall due for at least the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Hence, as a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements. Page 5
PARKLEA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 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 | 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.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | 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. Page 6
PARKLEA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 4 - 25 years
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 | 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.
| 2.11 | 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.
| 2.12 | 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 7
PARKLEA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.13 | 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 3 (2024 - 2).
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 May 2024 | 110,386
| At 30 April 2025 | 110,386
| Depreciation |
| At 1 May 2024 | 9,961
| Charge for the year on owned assets | 6,647
| At 30 April 2025 | 16,608
| Net book value |
| At 30 April 2025 | 93,778
| At 30 April 2024 | 100,425
Page 8
PARKLEA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 May 2024 | 3,134,765
| At 30 April 2025 | 3,134,765
The valuations were made by the directors, Parklea Holdings Limited, on an open market value for existing use basis.
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 10,307
| Other debtors | 14,986 | -
| Prepayments and accrued income | 19,447 | 19,447
|  | 34,433 | 29,754
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 33,112 | 55,621
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 118,283 | 112,281
| Trade creditors | 36,200 | 25,175
| Amounts owed to group undertakings | 2,194,690 | 2,320,690
| Other taxation and social security | 12,200 | 11,911
| Obligations under finance lease and hire purchase contracts | 17,743 | 17,743
| Accruals and deferred income | 25,276 | 24,757
|  | 2,404,392 | 2,512,557
Page 9
PARKLEA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 178,476 | 296,759
| Net obligations under finance leases and hire purchase contracts | 19,222 | 36,964
|  | 197,698 | 333,723
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 118,283 | 112,281
| Amounts falling due 2-5 years |  |
| Bank loans | 178,476 | 296,759
|  | 296,759 | 409,040
| The loan was drawn down on 27 September 2022 and is expected to repaid over 5 years from date of drawdown. Interest applied is 3% over the annual Bank of England rate and is due to be paid monthly in arrears. The loan facility is secured by standard securities over the properties and a floating charge over the assets and undertakings of the company. There are also cross guarantees between all companies in the First Tech Group.
11. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 17,743 | 17,743
| Between 1-5 years | 19,222 | 36,964
|  | 36,965 | 54,707
| The finance lease liabilies are secured over the relevant assets.
Page 10
PARKLEA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
12. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 17,392 | 18,561
| Charged to profit or loss | (1,199) | (1,169)
| At end of year | 16,193 | 17,392
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 16,193 | 17,392
|  | 16,193 | 17,392
13. | Related party transactions
| Control During the period the Company was controlled by the directors. Transactions The Company has taken advantage of the exemptions within FRS 102 section 1AC.35 (Related Party Disclosures) which allow exemption from the disclosure of related party transactions with other group companies.
14. | Controlling party
The Company's ultimate parent company is First Tech Limited, a company registered in Scotland. The ultimate controlling party, Ian Suttie, passed away on 4 October 2025, prior to the approval of these financial statements. Control of the company remains with the directors while ownership has passed to Ian Suttie's estate, which will be transferred to the beneficiaries in due course.
15. | Auditor's information
The auditor's report on the financial statements for the year ended 30 April 2025 was unqualified. The audit report was signed on 19 January 2026 by James Pirrie (Senior statutory auditor) on behalf of AAB Audit & Accountancy Limited.
Page 11