Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-01 false investment property company 0 0 true true 04268700 2024-07-01 2025-06-30 04268700 2023-07-01 2024-06-30 04268700 2025-06-30 04268700 2024-06-30 04268700 c:Director4 2024-07-01 2025-06-30 04268700 d:FurnitureFittings 2024-07-01 2025-06-30 04268700 d:FurnitureFittings 2025-06-30 04268700 d:FurnitureFittings 2024-06-30 04268700 d:OfficeEquipment 2024-07-01 2025-06-30 04268700 d:OfficeEquipment 2025-06-30 04268700 d:OfficeEquipment 2024-06-30 04268700 d:FreeholdInvestmentProperty 2025-06-30 04268700 d:FreeholdInvestmentProperty 2024-06-30 04268700 d:CurrentFinancialInstruments 2025-06-30 04268700 d:CurrentFinancialInstruments 2024-06-30 04268700 d:Non-currentFinancialInstruments 2025-06-30 04268700 d:Non-currentFinancialInstruments 2024-06-30 04268700 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 04268700 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04268700 d:Non-currentFinancialInstruments d:AfterOneYear 2025-06-30 04268700 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04268700 d:ShareCapital 2025-06-30 04268700 d:ShareCapital 2024-06-30 04268700 d:RevaluationReserve 2025-06-30 04268700 d:RevaluationReserve 2024-06-30 04268700 d:RetainedEarningsAccumulatedLosses 2025-06-30 04268700 d:RetainedEarningsAccumulatedLosses 2024-06-30 04268700 c:OrdinaryShareClass1 2024-07-01 2025-06-30 04268700 c:OrdinaryShareClass1 2025-06-30 04268700 c:OrdinaryShareClass1 2024-06-30 04268700 c:FRS102 2024-07-01 2025-06-30 04268700 c:Audited 2024-07-01 2025-06-30 04268700 c:FullAccounts 2024-07-01 2025-06-30 04268700 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 04268700 c:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 04268700 2 2024-07-01 2025-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04268700 CORDLINE SERVICES LIMITED Financial statements Information for filing with the registrar For the Year Ended 30 June 2025
CORDLINE SERVICES LIMITED Registered number: 04268700 Balance Sheet As at 30 June 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets | 4 |  | - |  | -
Investment property | 5 |  | 4,300,000 |  | 4,300,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 331,748 |  | 255,621 |
Cash at bank and in hand |  | 243 |  | 13,500 |
|  | 331,991 |  | 269,121 |
Creditors: amounts falling due within one year | 7 | (2,403,406) |  | (2,606,924) |
Net current liabilities |  |  | (2,071,415) |  | (2,337,803)
Total assets less current liabilities |  |  | 2,228,585 |  | 1,962,197
Creditors: amounts falling due after more than one year | 8 |  | (575,540) |  | (575,540)
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (321,657) |  | (255,060)
Net assets |  |  | 1,331,388 |  | 1,131,597
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100,000 |  | 100,000
Revaluation reserve |  |  | 1,296 |  | 1,296
Profit and loss account |  |  | 1,230,092 |  | 1,030,301
|  |  | 1,331,388 |  | 1,131,597
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 by:
K Drazdzewska
Director
Date: 1 April 2026
The notes on pages 3 to 9 form part of these financial statements. Page 1
CORDLINE SERVICES LIMITED Registered number: 04268700 Balance Sheet (continued) As at 30 June 2025 Page 2
CORDLINE SERVICES LIMITED Notes to the Financial Statements For the Year Ended 30 June 2025
1. | General information
Cordline Services Limited is a private company limited by shares and incorporated in England and Wales. The company registered number 04268700 and its registered head office is located at Environment House, 1 St. Marks Street, Nottingham, NG3 1DE. 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements are presented in Sterling which is the functional currency of the company and are rounded to the nearest £1. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements are prepared on a going concern basis. In forming this judgement the directors have considered the net assets of the company and forecast trading which cover the forseeable future and in particular, the period of twelve months from the signing date of the financial statements. Consideration has also been given to the continued support of the Company's funders, in particular debts due from related undertakings, as the company is, in the short term, reliant on such debts not being called in.
| 2.3 | Revenue recognition
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. 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 amont 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 date can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Turnover comprises rents receivable which are recognised based on the lease term. Page 3
CORDLINE SERVICES LIMITED Notes to the Financial Statements For the Year Ended 30 June 2025 2.Accounting policies (continued)
| 2.4 | 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 | - | 20% |
|  |  |  | Office equipment | - | 20% |
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.
| 2.5 | Investment property
Investment property is carried at fair value. No depreciation is provided. Changes in fair value are recognised in profit and loss.
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | 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
CORDLINE SERVICES LIMITED Notes to the Financial Statements For the Year Ended 30 June 2025 2.Accounting policies (continued)
| 2.9 | 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.
| 2.10 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
Page 5
CORDLINE SERVICES LIMITED Notes to the Financial Statements For the Year Ended 30 June 2025
4. | Tangible fixed assets
|  | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 July 2024 | 236,867 | 43,239 | 280,106
| At 30 June 2025 | 236,867 | 43,239 | 280,106
| Depreciation |  |  |
| At 1 July 2024 | 236,867 | 43,239 | 280,106
| At 30 June 2025 | 236,867 | 43,239 | 280,106
| Net book value |  |  |
| At 30 June 2025 | - | - | -
| At 30 June 2024 | - | - | -
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 July 2024 (as restated) | 4,300,000
| At 30 June 2025 | 4,300,000
The investment property was revalued on 30 June 2024 by John McCluskey MRICS. The basis of the valuation was fair market value. The Directors are of the opinion that the book value of the property at the balance sheet date does not differ materially from fair value.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 4,298,273 | 4,298,273
| Accumulated depreciation and impairments | - | -
|  | 4,298,273 | 4,298,273
Page 6
CORDLINE SERVICES LIMITED Notes to the Financial Statements For the Year Ended 30 June 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,000 | 1,000
| Amounts owed by group companies | 329,000 | 224,621
| Prepayments and accrued income | 1,748 | 30,000
|  | 331,748 | 255,621
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,340 | 3,660
| Amounts owed to group undertakings | 2,107,723 | 2,259,856
| Amounts owed to related undertakings | 269,915 | 304,576
| Other creditors | 10,000 | 10,312
| Accruals and deferred income | 13,428 | 28,520
|  | 2,403,406 | 2,606,924
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to related undertakings | 575,540 | 575,540
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100,000 (2024 - 100,000) Ordinary Shares shares of £1.00 each | 100,000 | 100,000
Page 7
CORDLINE SERVICES LIMITED Notes to the Financial Statements For the Year Ended 30 June 2025
10. | Prior year adjustment
During the year it was determined that the revaluation of the company's freehold investment property as at 30 June 2024 was overstated. The carrying value of the investment property has therefore been restated in the financial statements. The impact on the financial statements for the year ended 30 June 2024 previously reported is as follows: ∙Reduction in freehold investment property of £1,300,000 ∙Reduction in deferred tax liabilities of £325,000 ∙Reduction in fair value gains recognised within profit and loss of £975,000 ∙Reduction in revaluation reserves of £975,000
11. | Related party transactions
| During the year the company charged rent of £nil (2024: £26,404) to Ocean Breeze Residential Care Home Limited and £360,000 (2024: £309,900) to Nottingham Care Village Limited; companies under common control. At the balance sheet date amounts of £nil (2024: £nil) and £200,000 (2024: £185,621) were due respectively from these related parties. At the balance sheet date an amount of £129,000 (2024: £nil) was due to the company from Donlow Fininvest Limited, a company under common control. During the year the company received interest of £3,217 (2024: £nil) on this loan.
| As at 30 June to company owed the following amounts to other related parties:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Melham Group Limited | - | 2,446
| Cricklade House Hotel Limited | 461 | 461
| UPT Holdings | - | 80,674
| Purico Limited | - | 6,000
| Ancefin Property Management Ltd | 426 | -
| Fieldbonds Limited | 2,107,723 | 2,259,856
| Ocean Breeze Residential Care Home Limited | - | 11,096
| Nottingham Care Village Limited | 200,000 | 200,000
| Clary Limited | 575,540 | 575,540
| Purico Speciality Paper Company Limited | 69,028 | 3,899
|  | 2,953,178 | 3,139,972
| During the year the company was charged interest on outstanding loan balances of £41,686 (2024: £49,777) by Fieldbonds Limited, £nil (2024: £30,038) by Melham Group Limited and £6,860 (2024: £nil) by Purico Speciality Paper Company Limited. Interest on these loans is charged at a rate of 2.6%-3% above base rate. The company was recharged expenses of £14,740 (2024: £34,429) and paid management charges of £9,576 (2024: £9,000) to related parties during the year.
Page 8
CORDLINE SERVICES LIMITED Notes to the Financial Statements For the Year Ended 30 June 2025
12. | Ultimate parent undertaking and controlling party
The controlling parent company is Fieldbonds Limited, a company incorporated in England and Wales. The parent company of Fieldbonds in Freibusa Limited, a company incorporated in Isle of Man. The ultimate controlling party is Mr N R Puri.
13. | Auditors' information
The auditors' report on the financial statements for the year ended 30 June 2025 was unqualified. The audit report was signed on 1 April 2026 by James Bagley (Senior Statutory Auditor) on behalf of PKF Smith Cooper Audit Limited.
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