Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2023-10-01 true false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity 2 false false 08684563 2023-10-01 2024-12-31 08684563 2022-10-01 2023-09-30 08684563 2024-12-31 08684563 2023-09-30 08684563 c:Director1 2023-10-01 2024-12-31 08684563 d:FurnitureFittings 2023-10-01 2024-12-31 08684563 d:FurnitureFittings 2024-12-31 08684563 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-12-31 08684563 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-12-31 08684563 d:ComputerEquipment 2023-10-01 2024-12-31 08684563 d:ComputerEquipment 2024-12-31 08684563 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-12-31 08684563 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-10-01 2024-12-31 08684563 d:OwnedOrFreeholdAssets 2023-10-01 2024-12-31 08684563 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-12-31 08684563 d:FreeholdInvestmentProperty 2023-10-01 2024-12-31 08684563 d:FreeholdInvestmentProperty 2024-12-31 08684563 d:FreeholdInvestmentProperty 2 2023-10-01 2024-12-31 08684563 d:CurrentFinancialInstruments 2024-12-31 08684563 d:CurrentFinancialInstruments 2023-09-30 08684563 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08684563 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08684563 d:ShareCapital 2024-12-31 08684563 d:ShareCapital 2023-09-30 08684563 d:RevaluationReserve 2024-12-31 08684563 d:RevaluationReserve 2023-09-30 08684563 d:RetainedEarningsAccumulatedLosses 2024-12-31 08684563 d:RetainedEarningsAccumulatedLosses 2023-09-30 08684563 c:FRS102 2023-10-01 2024-12-31 08684563 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-12-31 08684563 c:FullAccounts 2023-10-01 2024-12-31 08684563 c:PrivateLimitedCompanyLtd 2023-10-01 2024-12-31 08684563 5 2023-10-01 2024-12-31 08684563 f:PoundSterling 2023-10-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 08684563 KISMAT LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 31 DECEMBER 2024
KISMAT LIMITED REGISTERED NUMBER: 08684563 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 31 December |  | 30 September
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 5,688 |  | -
Investment property |  |  | 910,000 |  | -
|  |  | 915,688 |  | -
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | - |  | 100 |
Cash at bank and in hand | 7 | 3,618 |  | - |
|  | 3,618 |  | 100 |
Creditors: amounts falling due within one year | 8 | (724,122) |  | - |
Net current (liabilities)/assets |  |  | (720,504) |  | 100
Total assets less current liabilities |  |  | 195,184 |  | 100
Net assets |  |  | 195,184 |  | 100
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve |  |  | 191,672 |  | -
Profit and loss account |  |  | 3,412 |  | -
|  |  | 195,184 |  | 100
Page 1
KISMAT LIMITED REGISTERED NUMBER: 08684563 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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:
K Juneja
Director
Date: 23 February 2026
The notes on pages 3 to 8 form part of these financial statements. Page 2
KISMAT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
1. | General information
Kismat Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number 08684563). Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. 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 Companies Act 2006. 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 | 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.
| 2.3 | 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 3
KISMAT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
| 2.5 | 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 | - | 15% |
|  |  |  | Computer equipment | - | 25% |
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.
| 2.6 | 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 reporting 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. Page 4
KISMAT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | 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.
| 2.10 | 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.
3. | Employees
| The average monthly number of employees, including the directors, during the period was as follows:
|  |  | 31 December | 30 September
|  |  | 2024 | 2023
|  |  | No. | No.
|  | Directors | 2 | -
Page 5
KISMAT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| Additions | 5,612 | 1,057 | 6,669
| At 31 December 2024 | 5,612 | 1,057 | 6,669
| Depreciation |  |  |
| Charge for the period on owned assets | 805 | 176 | 981
| Charge for the period on financed assets | - | - | -
| At 31 December 2024 | 805 | 176 | 981
| Net book value |  |  |
| At 31 December 2024 | 4,807 | 881 | 5,688
Page 6
KISMAT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| Additions at cost | 718,328
| Surplus on revaluation | 191,672
| At 31 December 2024 | 910,000
The 2024 valuations were made by the directors, on an open market value basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Historic cost | 707,290 | -
|  | 707,290 | -
6. | Debtors
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | - | 100
|  | - | 100
Page 7
KISMAT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
7. | Cash and cash equivalents
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 3,618 | -
|  | 3,618 | -
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 December | 30 September
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Corporation tax | 175 | -
| Other creditors | 720,437 | -
| Accruals and deferred income | 3,510 | -
|  | 724,122 | -
Page 8