Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 2024-07-01 false Business support and services 5 5 true true 08063996 2024-07-01 2025-06-30 08063996 2023-07-01 2024-06-30 08063996 2025-06-30 08063996 2024-06-30 08063996 c:Director1 2024-07-01 2025-06-30 08063996 d:FreeholdInvestmentProperty 2025-06-30 08063996 d:FreeholdInvestmentProperty 2024-06-30 08063996 d:CurrentFinancialInstruments 2025-06-30 08063996 d:CurrentFinancialInstruments 2024-06-30 08063996 d:Non-currentFinancialInstruments 2025-06-30 08063996 d:Non-currentFinancialInstruments 2024-06-30 08063996 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 08063996 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08063996 d:Non-currentFinancialInstruments d:AfterOneYear 2025-06-30 08063996 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 08063996 d:ShareCapital 2025-06-30 08063996 d:ShareCapital 2024-06-30 08063996 d:RevaluationReserve 2024-07-01 2025-06-30 08063996 d:RevaluationReserve 2025-06-30 08063996 d:RevaluationReserve 2024-06-30 08063996 d:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 08063996 d:RetainedEarningsAccumulatedLosses 2025-06-30 08063996 d:RetainedEarningsAccumulatedLosses 2024-06-30 08063996 d:AcceleratedTaxDepreciationDeferredTax 2025-06-30 08063996 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 08063996 c:OrdinaryShareClass1 2024-07-01 2025-06-30 08063996 c:OrdinaryShareClass1 2025-06-30 08063996 c:OrdinaryShareClass1 2024-06-30 08063996 c:FRS102 2024-07-01 2025-06-30 08063996 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 08063996 c:FullAccounts 2024-07-01 2025-06-30 08063996 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 08063996 2 2024-07-01 2025-06-30 08063996 6 2024-07-01 2025-06-30 08063996 e:PoundSterling 2024-07-01 2025-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08063996 GARMSTON LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
GARMSTON LIMITED REGISTERED NUMBER: 08063996 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 5 |  | 100 |  | 100
Investment property | 6 |  | 2,280,000 |  | 2,280,000
|  |  | 2,280,100 |  | 2,280,100
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 7 | 455,042 |  | 465,882 |
Debtors: amounts falling due within one year | 7 | 9,614 |  | 9,253 |
Cash at bank and in hand | 8 | 515,912 |  | 119,021 |
|  | 980,568 |  | 594,156 |
Creditors: amounts falling due within one year | 9 | (510,704) |  | (115,838) |
Net current assets |  |  | 469,864 |  | 478,318
Total assets less current liabilities |  |  | 2,749,964 |  | 2,758,418
Creditors: amounts falling due after more than one year | 10 |  | (50,699) |  | (57,078)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (215,113) |  | (215,113) |
|  |  | (215,113) |  | (215,113)
Net assets |  |  | 2,484,152 |  | 2,486,227
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 100 |  | 100
Revaluation reserve | 13 |  | 839,310 |  | 839,310
Profit and loss account | 13 |  | 1,644,742 |  | 1,646,817
|  |  | 2,484,152 |  | 2,486,227
Page 1
GARMSTON LIMITED REGISTERED NUMBER: 08063996 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 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 by:
R Owen
Director
Date: 17 March 2026
The notes on pages 3 to 10 form part of these financial statements. Page 2
GARMSTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Garmston Limited is a private company (08063996), limited by shares, registered in England and Wales. The Company's registered office and principal place of business is Sitka House, Sitka Drive, Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG. The principal activitiy of the Company is property rental. 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: 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 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
GARMSTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | 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.
| 2.6 | Valuation of investments
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.
| 2.7 | 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.
| 2.8 | 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. Page 4
GARMSTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Page 5
GARMSTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments (continued)
Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.12 | 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. Page 6
GARMSTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors the estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are in respect of freehold investment property. At the Balance Sheet date, the carrying value of freehold investment property totalled £2,280,000. The valuation is made by the Director, on an open market value for existing use basis.
4. | Employees
| The average monthly number of employees, including directors, during the year was 5 (2024 - 5).
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 July 2024 | 100
| At 30 June 2025 | 100
Page 7
GARMSTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 July 2024 | 2,280,000
| At 30 June 2025 | 2,280,000
The 2025 valuations were made by the Directors, on an open market value basis.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 455,042 | 465,882
|  | 455,042 | 465,882
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Other debtors | 9,614 | 9,253
|  | 9,614 | 9,253
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 515,912 | 119,021
|  | 515,912 | 119,021
Page 8
GARMSTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,804 | 1,597
| Corporation tax | 5,378 | 12,762
| Other creditors | 500,000 | 100,000
| Accruals and deferred income | 1,522 | 1,479
|  | 510,704 | 115,838
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 50,699 | 57,078
|  | 50,699 | 57,078
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (215,113)
| At end of year | (215,113)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (215,113) | (215,113)
|  | (215,113) | (215,113)
Page 9
GARMSTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary Shares shares of £1.00 each | 100 | 100
13. | Reserves
Revaluation reserve The revaluation reserve represents non-distributable amounts relating to freehold investment property revaluations net of deferred tax movements. Profit and loss account Includes all undistributed current and prior period retained profit and losses.
14. | Related party transactions
| Included in other creditors is £NIL (2024: £100,000) due to the Director Mr R Owen, no interest is charged on this loan.
15. | Controlling party
The Company is under the control of Ray Owen, by virtue of his control of The Ray Owen Family Trust who own 100% of the share capital of Garmston Ltd.
Page 10