Caseware UK (AP4) 2025.0.111 2025.0.111 2024-12-31 2024-12-31 20 true false No description of principal activity 2024-01-01 20 true false 01729271 2024-01-01 2024-12-31 01729271 2023-01-01 2023-12-31 01729271 2024-12-31 01729271 2023-12-31 01729271 2023-01-01 01729271 1 2024-01-01 2024-12-31 01729271 1 2023-01-01 2023-12-31 01729271 d:Director2 2024-01-01 2024-12-31 01729271 e:Buildings e:LongLeaseholdAssets 2024-01-01 2024-12-31 01729271 e:Buildings e:LongLeaseholdAssets 2024-12-31 01729271 e:Buildings e:LongLeaseholdAssets 2023-12-31 01729271 e:PlantMachinery 2024-01-01 2024-12-31 01729271 e:PlantMachinery 2024-12-31 01729271 e:PlantMachinery 2023-12-31 01729271 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01729271 e:MotorVehicles 2024-01-01 2024-12-31 01729271 e:MotorVehicles 2024-12-31 01729271 e:MotorVehicles 2023-12-31 01729271 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01729271 e:FurnitureFittings 2024-01-01 2024-12-31 01729271 e:FurnitureFittings 2024-12-31 01729271 e:FurnitureFittings 2023-12-31 01729271 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01729271 e:OfficeEquipment 2024-01-01 2024-12-31 01729271 e:OfficeEquipment 2024-12-31 01729271 e:OfficeEquipment 2023-12-31 01729271 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01729271 e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01729271 e:CurrentFinancialInstruments 2024-12-31 01729271 e:CurrentFinancialInstruments 2023-12-31 01729271 e:Non-currentFinancialInstruments 2024-12-31 01729271 e:Non-currentFinancialInstruments 2023-12-31 01729271 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 01729271 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 01729271 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 01729271 e:Non-currentFinancialInstruments e:AfterOneYear 2023-12-31 01729271 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-12-31 01729271 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-12-31 01729271 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-12-31 01729271 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-12-31 01729271 e:UKTax 2024-01-01 2024-12-31 01729271 e:UKTax 2023-01-01 2023-12-31 01729271 e:ShareCapital 2024-01-01 2024-12-31 01729271 e:ShareCapital 2024-12-31 01729271 e:ShareCapital 2023-01-01 2023-12-31 01729271 e:ShareCapital 2023-12-31 01729271 e:ShareCapital 2023-01-01 01729271 e:RevaluationReserve 2024-01-01 2024-12-31 01729271 e:RevaluationReserve 2024-12-31 01729271 e:RevaluationReserve 2023-01-01 2023-12-31 01729271 e:RevaluationReserve 2023-12-31 01729271 e:RevaluationReserve 2023-01-01 01729271 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01729271 e:RetainedEarningsAccumulatedLosses 2024-12-31 01729271 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01729271 e:RetainedEarningsAccumulatedLosses 2023-12-31 01729271 e:RetainedEarningsAccumulatedLosses 2023-01-01 01729271 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01729271 e:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01729271 d:OrdinaryShareClass1 2024-01-01 2024-12-31 01729271 d:OrdinaryShareClass1 2024-12-31 01729271 d:OrdinaryShareClass1 2023-12-31 01729271 d:FRS102 2024-01-01 2024-12-31 01729271 d:Audited 2024-01-01 2024-12-31 01729271 d:FullAccounts 2024-01-01 2024-12-31 01729271 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01729271 e:HirePurchaseContracts e:WithinOneYear 2024-12-31 01729271 e:HirePurchaseContracts e:WithinOneYear 2023-12-31 01729271 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-12-31 01729271 e:HirePurchaseContracts e:BetweenOneFiveYears 2023-12-31 01729271 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01729271 5 2024-01-01 2024-12-31 01729271 f:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01729271 CLIFTONSHIRE LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
CLIFTONSHIRE LIMITED REGISTERED NUMBER: 01729271 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 7 |  | 1,263,181 |  | 1,235,853
|  |  | 1,263,181 |  | 1,235,853
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 8 | 890,621 |  | 892,404 |
Cash at bank and in hand | 9 | 25,344 |  | 12,104 |
|  | 915,965 |  | 904,508 |
Creditors: amounts falling due within one year | 10 | (860,428) |  | (1,058,427) |
Net current assets/(liabilities) |  |  | 55,537 |  | (153,919)
Total assets less current liabilities |  |  | 1,318,718 |  | 1,081,934
Creditors: amounts falling due after more than one year | 11 |  | (82,369) |  | (1,085)
Provisions for liabilities |  |  |  |  |
Deferred tax | 14 | (236,203) |  | (206,310) |
|  |  | (236,203) |  | (206,310)
Net assets |  |  | 1,000,146 |  | 874,539
Capital and reserves |  |  |  |  |
Called up share capital | 15 |  | 100 |  | 100
Revaluation reserve | 16 |  | 575,997 |  | 620,305
Profit and loss account | 16 |  | 424,049 |  | 254,134
|  |  | 1,000,146 |  | 874,539
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 27 January 2026.
A S Menai Davis
Director
The notes on pages 4 to 13 form part of these financial statements. Page 1
CLIFTONSHIRE LIMITED REGISTERED NUMBER: 01729271 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 Page 2

|  | CLIFTONSHIRE LIMITED |
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
|  | Called up share capital | Revaluation reserve | Profit and loss account | Total equity
|  | £ | £ | £ | £
| At 1 January 2023 | 100 | 664,613 | 56,596 | 721,309
| Comprehensive income for the year |  |  |  |
| Profit for the year | - | - | 153,230 | 153,230
| Total comprehensive income for the year | - | - | 153,230 | 153,230
| Transfer to/from profit and loss account | - | (44,308) | 44,308 | -
| At 1 January 2024 | 100 | 620,305 | 254,134 | 874,539
| Comprehensive income for the year |  |  |  |
| Profit for the year | - | - | 157,107 | 157,107
| Total comprehensive income for the year | - | - | 157,107 | 157,107
| Contributions by and distributions to owners |  |  |  |
| Dividends: Equity capital | - | - | (31,500) | (31,500)
| Transfer to/from profit and loss account | - | (44,308) | 44,308 | -
| Total transactions with owners | - | (44,308) | 12,808 | (31,500)
| At 31 December 2024 | 100 | 575,997 | 424,049 | 1,000,146
| The notes on pages 4 to 13 form part of these financial statements.
Page 3

CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
The company is a private company, limited by shares, registered in England and Wales. The address of the registered office: Suite 2a1, Northside House, Mount Pleasant, Barnet, United Kingdom, EN4 9EB. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The Company's functional and presentational currency is GBP and these financial statements have been rounded to the nearest £1. 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
The directors have reviewed the company’s forecasts and projections and, in particular, have considered the impact of the current cost of living crisis and ongoing recovery from the Covid-19 pandemic. Whilst the overall economy remains uncertain, the directors are confident that the company will be able to continue generating revenue at expected levels. The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The directors consider it appropriate for the company to continue to adopt the going concern basis in preparing its financial statements.
| 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.
| 2.4 | 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. Page 4
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | 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.
| 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. During the year the company has adopted a policy of providing for the full amount of the timing differences on revalued leasehold assets. Any adjustment necessary has been recorded as a prior year adjustment.
| 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. Page 5
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - |  | over the life of the lease
|  |  |  | Plant and machinery | - | 25% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Fixtures and fittings | - | 25% | reducing balance
|  |  |  | Office equipment | - | 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 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss. Revaluations undertaken under the FRSSE and carried over under the "grandfathering rules" have been reversed where the benefit of establishing fair value does not outweigh the cost.
| 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 6
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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.
| 2.14 | 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. | Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements requires management and the Board of Directors to make estimates and judgements that affect reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. These estimates are based on historical experience and various other assumptions that management and the Board believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions, significantly impacting the company's earnings and financial position.
4. | Auditors' remuneration
| During the year, the Company obtained the following services from the Company's auditors:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Fees payable to the Company's auditors for the audit of the Company's financial statements | 5,100 | 4,575
5. | Employees
| The average monthly number of employees, including directors, during the year was 20 (2023 - 20).
Page 7
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Taxation
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 46,424 | 70,905
|  | 46,424 | 70,905
| Total current tax | 46,424 | 70,905
| Deferred tax |  |
| Origination and reversal of timing differences | 29,893 | 1,234
| Total deferred tax | 29,893 | 1,234
|  | 76,317 | 72,139
| Factors affecting tax charge for the year
| The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 25% (2023 - 19%) as set out below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 233,424 | 225,369
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19%) | 58,356 | 52,962
| Effects of: |  |
| Non-tax deductible amortisation of goodwill and impairment | 24,183 | 16,450
| Capital allowances for year in excess of depreciation | (5,132) | 1,431
| Short-term timing difference leading to an increase (decrease) in taxation | 29,893 | 1,234
| Other timing differences leading to an increase (decrease) in taxation | - | 62
| Group relief | (30,983) | -
| Total tax charge for the year | 76,317 | 72,139
| Factors that may affect future tax charges
There were no factors that may have affect future tax charges. Page 8
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Tangible fixed assets
|  | Long-term leasehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 1 January 2024 | 1,750,000 | 388,946 | 89,763 | 55,893 | 7,790 | 2,292,392
| Additions | - | 98 | 104,647 | 14,152 | - | 118,897
| At 31 December 2024 | 1,750,000 | 389,044 | 194,410 | 70,045 | 7,790 | 2,411,289
| Depreciation |  |  |  |  |  |
| At 1 January 2024 | 560,000 | 378,672 | 88,950 | 25,602 | 3,316 | 1,056,540
| Charge for the year on owned assets | 70,000 | 2,593 | 6,744 | 11,112 | 1,119 | 91,568
| At 31 December 2024 | 630,000 | 381,265 | 95,694 | 36,714 | 4,435 | 1,148,108
| Net book value |  |  |  |  |  |
| At 31 December 2024 | 1,120,000 | 7,779 | 98,716 | 33,331 | 3,355 | 1,263,181
| At 31 December 2023 | 1,190,000 | 10,274 | 813 | 30,292 | 4,474 | 1,235,853
The directors have reviewed the value of the land and buildings and have decided to restate the value at historical cost less revaluation reserves. The comparative figure has not been restated and is shown at the previous revalued amount.
| If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cost | 220,000 | 220,000
| Net book value | 220,000 | 220,000
8. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 10,982 | 9,942
| Amounts owed by group undertakings | 879,639 | 875,480
| Prepayments and accrued income | - | 6,982
|  | 890,621 | 892,404
Page 9
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 8.Debtors (continued)
9. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 25,344 | 12,104
|  | 25,344 | 12,104
10. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 23,893 | 41,594
| Trade creditors | 44,979 | 413,157
| Amounts owed to group undertakings | 396,935 | 262,286
| Corporation tax | 283,111 | 233,776
| Other taxation and social security | 86,550 | 74,719
| Obligations under finance lease and hire purchase contracts | 24,078 | 2,009
| Other creditors | 882 | 1,075
| Accruals and deferred income | - | 29,811
|  | 860,428 | 1,058,427
11. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other loans | 47,931 | -
| Net obligations under finance leases and hire purchase contracts | 34,438 | 1,085
|  | 82,369 | 1,085
Page 10
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Other loans | 23,893 | 41,594
|  | 23,893 | 41,594
| Amounts falling due 1-2 years |  |
| Other loans | 23,893 | -
|  | 23,893 | -
| Amounts falling due 2-5 years |  |
| Other loans | 24,038 | -
|  | 24,038 | -
|  | 71,824 | 41,594
13. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Within one year | 24,128 | 41,887
| Between 1-5 years | 58,850 | 11,061
|  | 82,978 | 52,948
| During the year refinancing agreements were entered into. The agreements were in relation to assets owned by fellow subsidary company Powerbuild Limited. The NBV of these assets are fully disclosed in the fellow subsidiary's financial statements.
Page 11
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | (206,311)
| Charged to profit or loss | (29,893)
| At end of year | (236,204)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | (236,204) | (206,311)
|  | (236,204) | (206,311)
15. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2023 - 100) Ordinary shares of £1 each | 100 | 100
16. | Reserves
Revaluation reserve This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account This reserve records retained earnings and accumulated losses.
17. | Pension commitments
The company makes contributions to certain employees personal pensions. The contributions are charged to the profit and loss account as incurred. Page 12
CLIFTONSHIRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
18. | Related party transactions
| The company has provided cross guarantees to its bankers for Powerbuild Limited, Bridgedown Limited, Pan Europe Agencies Limited and The Shire London Limited. A debenture has been issued in favour of the bank for facilities granted. During the year the company charged management charges of £50,000 (2023: Nil) to other group companies. During the year the company paid management charges within the group totalling £100,000, (2023: £75,000). During the year the company paid dividends of £31,500, (2023: £Nil). At the balance sheet date the company had the following balances with related companies:
|  | 2024 | 2023
|  | £ | £
| Bridgedown Group Limited | (178,523) | (46,087)
| Bridgedown Limited | 200,309 | 290,351
| Powerbuild Limited | 484,696 | 550,694
| The Shire London Limited | (218,412) | (215,476)
| The Shire London Golf Club Limited | 54,536 | 34,536
| The Inspiration Golf Club Limited | 111,618 | -
| Pan Europe Agencies Limited | 28,483 | -
19. | Controlling party
The company is a wholly owned subsidiary of Bridgedown Limited, a company registered in England and Wales. The directors regard Bridgedown Group Limited, a company registered in England and Wales, as being the ultimate parent company. The directors regards A S Menai Davis as being the ultimate controlling party.
20. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified. The audit report was signed on 27 January 2026 by Darryl Ashing FCA (Senior Statutory Auditor) on behalf of Ashings Limited.
Page 13