Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-31 2025-05-31 true 2024-06-01 false No description of principal activity 0 0 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06872947 2024-06-01 2025-05-31 06872947 2023-06-01 2024-05-31 06872947 2025-05-31 06872947 2024-05-31 06872947 c:Director1 2024-06-01 2025-05-31 06872947 d:Buildings 2024-06-01 2025-05-31 06872947 d:Buildings 2025-05-31 06872947 d:Buildings 2024-05-31 06872947 d:Buildings d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 06872947 d:Buildings d:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 06872947 d:PlantMachinery 2024-06-01 2025-05-31 06872947 d:PlantMachinery 2025-05-31 06872947 d:PlantMachinery 2024-05-31 06872947 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 06872947 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 06872947 d:MotorVehicles 2024-06-01 2025-05-31 06872947 d:MotorVehicles 2025-05-31 06872947 d:MotorVehicles 2024-05-31 06872947 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 06872947 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 06872947 d:FurnitureFittings 2024-06-01 2025-05-31 06872947 d:FurnitureFittings 2025-05-31 06872947 d:FurnitureFittings 2024-05-31 06872947 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 06872947 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 06872947 d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 06872947 d:LeasedAssetsHeldAsLessee 2024-06-01 2025-05-31 06872947 d:CurrentFinancialInstruments 2025-05-31 06872947 d:CurrentFinancialInstruments 2024-05-31 06872947 d:Non-currentFinancialInstruments 2025-05-31 06872947 d:Non-currentFinancialInstruments 2024-05-31 06872947 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 06872947 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06872947 d:Non-currentFinancialInstruments d:AfterOneYear 2025-05-31 06872947 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 06872947 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-05-31 06872947 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 06872947 d:ShareCapital 2025-05-31 06872947 d:ShareCapital 2024-05-31 06872947 d:CapitalRedemptionReserve 2025-05-31 06872947 d:CapitalRedemptionReserve 2024-05-31 06872947 d:RetainedEarningsAccumulatedLosses 2025-05-31 06872947 d:RetainedEarningsAccumulatedLosses 2024-05-31 06872947 d:AcceleratedTaxDepreciationDeferredTax 2025-05-31 06872947 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 06872947 c:OrdinaryShareClass1 2024-06-01 2025-05-31 06872947 c:OrdinaryShareClass1 2025-05-31 06872947 c:OrdinaryShareClass1 2024-05-31 06872947 c:OrdinaryShareClass2 2024-06-01 2025-05-31 06872947 c:OrdinaryShareClass2 2025-05-31 06872947 c:OrdinaryShareClass2 2024-05-31 06872947 c:OrdinaryShareClass3 2024-06-01 2025-05-31 06872947 c:OrdinaryShareClass3 2025-05-31 06872947 c:OrdinaryShareClass3 2024-05-31 06872947 c:OrdinaryShareClass4 2024-06-01 2025-05-31 06872947 c:OrdinaryShareClass4 2025-05-31 06872947 c:OrdinaryShareClass4 2024-05-31 06872947 c:FRS102 2024-06-01 2025-05-31 06872947 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 06872947 c:FullAccounts 2024-06-01 2025-05-31 06872947 c:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 06872947 2 2024-06-01 2025-05-31 06872947 6 2024-06-01 2025-05-31 06872947 e:PoundSterling 2024-06-01 2025-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06872947 COBRA SEATS HOLDING LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
COBRA SEATS HOLDING LIMITED REGISTERED NUMBER: 06872947 BALANCE SHEET AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,061,231 |  | 939,693
Investments | 5 |  | 35 |  | 35
|  |  | 1,061,266 |  | 939,728
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 77,522 |  | 171,512 |
Cash at bank and in hand | 7 | 729 |  | 5,421 |
|  | 78,251 |  | 176,933 |
Creditors: amounts falling due within one year | 8 | (304,382) |  | (233,139) |
Net current liabilities |  |  | (226,131) |  | (56,206)
Total assets less current liabilities |  |  | 835,135 |  | 883,522
Creditors: amounts falling due after more than one year | 9 |  | (432,899) |  | (366,153)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (101,400) |  | (92,961) |
|  |  | (101,400) |  | (92,961)
Net assets |  |  | 300,836 |  | 424,408
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 220 |  | 220
Capital redemption reserve |  |  | 140 |  | 140
Profit and loss account |  |  | 300,476 |  | 424,048
|  |  | 300,836 |  | 424,408
Page 1
COBRA SEATS HOLDING LIMITED REGISTERED NUMBER: 06872947 BALANCE SHEET (CONTINUED) AS AT 31 MAY 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 his 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 by:
M J Dunsford
Director
Date: 19 February 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
COBRA SEATS HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
Cobra Seats Holding Limited was incorporated on 7 April 2009. Cobra Seats Holding Limited have a registered office and principal place of business at Units D1 & D2, Halesfield 23, Telford, Shropshire, TF7 4NY. 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 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:
| 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
COBRA SEATS HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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:
|  |  |  | Plant and machinery | - | 10% straight line
|  |  |  | Motor vehicles | - | 20% straight line
|  |  |  | Fixtures and fittings | - | 10% 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 4
COBRA SEATS HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. 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.
| 2.9 | 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.
| 2.13 | 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 0 (2024 - 0).
Page 5
COBRA SEATS HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 June 2024 | 567,566 | 754,908 | 115,875 | 126,984 | 1,565,333
| Additions | - | 40,747 | 197,243 | - | 237,990
| At 31 May 2025 | 567,566 | 795,655 | 313,118 | 126,984 | 1,803,323
| Depreciation |  |  |  |  |
| At 1 June 2024 | - | 501,754 | 50,133 | 73,755 | 625,642
| Charge for the year on owned assets | - | 30,155 | 9,442 | 7,604 | 47,201
| Charge for the year on financed assets | - | 15,266 | 49,983 | 4,000 | 69,249
| At 31 May 2025 | - | 547,175 | 109,558 | 85,359 | 742,092
| Net book value |  |  |  |  |
| At 31 May 2025 | 567,566 | 248,480 | 203,560 | 41,625 | 1,061,231
| At 31 May 2024 | 567,566 | 253,154 | 65,743 | 53,230 | 939,693
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 June 2024 | 35
| At 31 May 2025 | 35
Page 6
COBRA SEATS HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 77,387 | 171,512
| Prepayments and accrued income | 135 | -
|  | 77,522 | 171,512
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 729 | 5,421
|  | 729 | 5,421
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 14,605 | 14,601
| Amounts owed to group undertakings | 197,664 | 139,030
| Taxation and social security | 5,491 | 21,821
| Obligations under finance lease and hire purchase contracts | 83,697 | 55,137
| Accruals and deferred income | 2,925 | 2,550
|  | 304,382 | 233,139
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 210,870 | 225,661
| Net obligations under finance leases and hire purchase contracts | 222,029 | 140,492
|  | 432,899 | 366,153
Page 7
COBRA SEATS HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 14,605 | 14,601
|  | 14,605 | 14,601
| Amounts falling due 1-2 years |  |
| Bank loans | 210,870 | 225,661
|  | 210,870 | 225,661
|  | 225,475 | 240,262
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (92,961)
| Charged to profit or loss | (8,439)
| At end of year | (101,400)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (101,400) | (92,961)
|  | (101,400) | (92,961)
Page 8
COBRA SEATS HOLDING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 170 (2024 - 170) Ordinary shares of £1.00 each | 170 | 170
|  | 10 (2024 - 10) Ordinary C shares of £1.00 each | 10 | 10
|  | 20 (2024 - 20) Ordinary D shares of £1.00 each | 20 | 20
|  | 20 (2024 - 20) Ordinary E shares of £1.00 each | 20 | 20
|  |  | 220 | 220
13. | Transactions with directors
Included within other debtors is a loan to the director of £77,386 (2024: £171,160). There were debits to the loan account of £182,625 and credits of £276,400. Interest was charged at the official rate, had no fixed repayment date and was unsecured.
Page 9