Caseware UK (AP4) 2025.0.111 2025.0.111 2025-05-31 2025-05-31 2 2 No description of principal activity 2024-06-01 false false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00415242 2024-06-01 2025-05-31 00415242 2023-06-01 2024-05-31 00415242 2025-05-31 00415242 2024-05-31 00415242 c:Director1 2024-06-01 2025-05-31 00415242 d:Buildings 2025-05-31 00415242 d:Buildings 2024-05-31 00415242 d:Buildings d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 00415242 d:MotorVehicles 2024-06-01 2025-05-31 00415242 d:MotorVehicles 2025-05-31 00415242 d:MotorVehicles 2024-05-31 00415242 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 00415242 d:ComputerEquipment 2024-06-01 2025-05-31 00415242 d:ComputerEquipment 2025-05-31 00415242 d:ComputerEquipment 2024-05-31 00415242 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 00415242 d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 00415242 d:FreeholdInvestmentProperty 2025-05-31 00415242 d:FreeholdInvestmentProperty 2024-05-31 00415242 d:CurrentFinancialInstruments 2025-05-31 00415242 d:CurrentFinancialInstruments 2024-05-31 00415242 d:Non-currentFinancialInstruments 2025-05-31 00415242 d:Non-currentFinancialInstruments 2024-05-31 00415242 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 00415242 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 00415242 d:Non-currentFinancialInstruments d:AfterOneYear 2025-05-31 00415242 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 00415242 d:ShareCapital 2025-05-31 00415242 d:ShareCapital 2024-05-31 00415242 d:RevaluationReserve 2025-05-31 00415242 d:RevaluationReserve 2024-05-31 00415242 d:InvestmentPropertiesRevaluationReserve 2025-05-31 00415242 d:InvestmentPropertiesRevaluationReserve 2024-05-31 00415242 d:OtherMiscellaneousReserve 2024-06-01 2025-05-31 00415242 d:RetainedEarningsAccumulatedLosses 2025-05-31 00415242 d:RetainedEarningsAccumulatedLosses 2024-05-31 00415242 c:FRS102 2024-06-01 2025-05-31 00415242 c:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 00415242 c:FullAccounts 2024-06-01 2025-05-31 00415242 c:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 00415242 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-06-01 2025-05-31 00415242 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-05-31 00415242 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-05-31 00415242 2 2024-06-01 2025-05-31 00415242 5 2024-06-01 2025-05-31 00415242 d:AcceleratedTaxDepreciationDeferredTax 2025-05-31 00415242 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 00415242 d:TaxLossesCarry-forwardsDeferredTax 2025-05-31 00415242 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 00415242 e:PoundSterling 2024-06-01 2025-05-31 iso4217:GBP xbrli:pure

Registered number: 00415242 JULNES & SONS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
JULNES & SONS LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JULNES & SONS LIMITED FOR THE YEAR ENDED 31 MAY 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Julnes & Sons Limited for the year ended 31 May 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of directors of Julnes & Sons Limited, as a body, in accordance with the terms of our engagement letter dated 8 November 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Julnes & Sons Limited and state those matters that we have agreed to state to the Board of directors of Julnes & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Julnes & Sons Limited and its Board of directors, as a body, for our work or for this report. It is your duty to ensure that Julnes & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Julnes & Sons Limited. You consider that Julnes & Sons Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Julnes & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ 12 January 2026 Page 1
JULNES & SONS LIMITED REGISTERED NUMBER: 00415242 BALANCE SHEET AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 480,301 |  | 480,401
Investment property | 5 |  | 1,785,000 |  | 1,785,000
|  |  | 2,265,301 |  | 2,265,401
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 4,483 |  | 1,638 |
Cash at bank and in hand |  | 77,905 |  | 27,813 |
|  | 82,388 |  | 29,451 |
Creditors: amounts falling due within one year | 7 | (17,424) |  | (9,528) |
Net current assets |  |  | 64,964 |  | 19,923
Total assets less current liabilities |  |  | 2,330,265 |  | 2,285,324
Creditors: amounts falling due after more than one year | 8 |  | (23,202) |  | (25,202)
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (134,200) |  | (134,224) |
|  |  | (134,200) |  | (134,224)
Net assets |  |  | 2,172,863 |  | 2,125,898
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 37,300 |  | 37,300
Revaluation reserve | 10 |  | 361,276 |  | 361,276
Investment property reserve | 10 |  | 882,244 |  | 882,244
Profit and loss account | 10 |  | 892,043 |  | 845,078
|  |  | 2,172,863 |  | 2,125,898
Page 2
JULNES & SONS LIMITED REGISTERED NUMBER: 00415242 BALANCE SHEET (CONTINUED) AS AT 31 MAY 2025 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 profit and loss account 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 12 January 2026.
P.A.J. Julnes
Director
The notes on pages 4 to 9 form part of these financial statements. Page 3
JULNES & SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
Julnes & Sons Limited is a United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is Beechcroft, 2 Church Road, Watton, Thetford, Norfolk, IP25 6DQ. The continuing activity of the company is that of property management and letting. The company's principal place of business is Watton, Norfolk. 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 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 | Turnover
Turnover comprises revenue recognised by the company in respect of rents received. Turnover is recognised when the rent becomes due as per the agreed terms within the lease agreements.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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
JULNES & SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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 and reducing balance basis.. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% reducing balance
|  |  |  | Computer equipment | - | 33% 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 5
JULNES & SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.7 | 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.
| 2.8 | Investment property
Investment property is carried at fair value determined annually by the directors 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 the Profit and loss account.
| 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 | 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.
| 2.11 | 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.
| 2.12 | 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. Page 6
JULNES & SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
| 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. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Tangible fixed assets
|  | Freehold property | Motor vehicles | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 June 2024 | 480,000 | 3,000 | 240 | 483,240
| At 31 May 2025 | 480,000 | 3,000 | 240 | 483,240
| Depreciation |  |  |  |
| At 1 June 2024 | - | 2,599 | 240 | 2,839
| Charge for the year on owned assets | - | 100 | - | 100
| At 31 May 2025 | - | 2,699 | 240 | 2,939
| Net book value |  |  |  |
| At 31 May 2025 | 480,000 | 301 | - | 480,301
| At 31 May 2024 | 480,000 | 401 | - | 480,401
Page 7
JULNES & SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 June 2024 | 1,785,000
| At 31 May 2025 | 1,785,000
The 2025 valuations were made by the directors, on an open market value basis.
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 4,483 | 1,638
|  | 4,483 | 1,638
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other taxation and social security | 8,798 | -
| Other creditors | 8,626 | 9,528
|  | 17,424 | 9,528
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 23,202 | 25,202
|  | 23,202 | 25,202
Page 8
JULNES & SONS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
9. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (134,223)
| Charged to profit or loss | 25
| At end of year | (134,198)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (147) | (172)
| Fair value movement | (134,051) | (134,051)
|  | (134,198) | (134,223)
10. | Reserves
Other reserves The fair value reserve represents the cumulative value of revaluations of investment property to fair value, net of deferred tax. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided for on these fair value adjustments at the standard rate of corporation tax.
11. | Related party transactions
| As at 31 May 2025 the company owed the directors £23,202 (2024: £25,202).
Page 9