Caseware UK (AP4) 2024.0.164 2024.0.164 false 2024-07-01 false No description of principal activity 4 4 true true 02302661 2024-07-01 2025-06-30 02302661 2023-07-01 2024-06-30 02302661 2025-06-30 02302661 2024-06-30 02302661 c:Director5 2024-07-01 2025-06-30 02302661 d:FreeholdInvestmentProperty 2025-06-30 02302661 d:FreeholdInvestmentProperty 2024-06-30 02302661 d:CurrentFinancialInstruments 2025-06-30 02302661 d:CurrentFinancialInstruments 2024-06-30 02302661 d:Non-currentFinancialInstruments 2025-06-30 02302661 d:Non-currentFinancialInstruments 2024-06-30 02302661 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 02302661 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02302661 d:Non-currentFinancialInstruments d:AfterOneYear 2025-06-30 02302661 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02302661 d:ShareCapital 2025-06-30 02302661 d:ShareCapital 2024-06-30 02302661 d:RetainedEarningsAccumulatedLosses 2025-06-30 02302661 d:RetainedEarningsAccumulatedLosses 2024-06-30 02302661 c:OrdinaryShareClass1 2024-07-01 2025-06-30 02302661 c:OrdinaryShareClass1 2025-06-30 02302661 c:OrdinaryShareClass1 2024-06-30 02302661 c:FRS102 2024-07-01 2025-06-30 02302661 c:Audited 2024-07-01 2025-06-30 02302661 c:FullAccounts 2024-07-01 2025-06-30 02302661 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02302661 c:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 02302661 2 2024-07-01 2025-06-30 02302661 e:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

4 02302661 AUTOFORGE LIMITED Directors' report and financial statements Information for filing with the registrar For the year ended 30 June 2025
AUTOFORGE LIMITED Registered number: 02302661 Balance sheet As at 30 June 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 3,827,168 |  | 3,827,168
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 817,123 |  | 962,855 |
Cash at bank and in hand |  | 849 |  | 2,064 |
|  | 817,972 |  | 964,919 |
Creditors: amounts falling due within one year | 6 | (742,137) |  | (767,671) |
Net current assets |  |  | 75,835 |  | 197,248
Total assets less current liabilities |  |  | 3,903,003 |  | 4,024,416
Creditors: amounts falling due after more than one year | 7 |  | (1,500,000) |  | (1,500,000)
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (270,288) |  | (309,263)
Net assets |  |  | 2,132,715 |  | 2,215,153
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 500,000 |  | 500,000
Profit and loss account |  |  | 1,632,715 |  | 1,715,153
|  |  | 2,132,715 |  | 2,215,153
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 2 to 6 form part of these financial statements. Page 1
AUTOFORGE LIMITED Notes to the financial statements For the year ended 30 June 2025
1. | General information
Autoforge Limited is a private company limited by shares and incorporated in England and Wales. The registered number of the company is 02302661 and the registered 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 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.
| 2.3 | 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. 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. Turnover comprises rents receivable which are recongised based on the lease term and recharges of expenses which are recognised in the period in which the expenses are incurred.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 2
AUTOFORGE LIMITED Notes to the financial statements For the year ended 30 June 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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 | Investment property
Investment property is carried at fair value. 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 | 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. Page 3
AUTOFORGE LIMITED Notes to the financial statements For the year ended 30 June 2025
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £nil).
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 July 2024 | 3,827,168
| At 30 June 2025 | 3,827,168
The investment property was valued by Jones Lang LaSalle in October 2020 on an open market value basis. The directors do not consider that the fair value of the investment property at the balance sheet date differs materially from this valuation.
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 155,148 | 403,173
| Amounts owed by related undertakings | 565,168 | 559,682
| Other debtors | 41,348 | -
| Prepayments and accrued income | 55,459 | -
|  | 817,123 | 962,855
Page 4
AUTOFORGE LIMITED Notes to the financial statements For the year ended 30 June 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loans | 100,000 | 100,000
| Trade creditors | 225,199 | 3,653
| Amounts owed to group undertakings | 10,931 | 309,603
| Corporation tax | - | 29,648
| Other taxation and social security | - | 21,192
| Accruals and deferred income | 406,007 | 303,575
|  | 742,137 | 767,671
| The loan is secured by way of a first legal charge over the company's freehold investment property.
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Loans | 1,500,000 | 1,500,000
| The loan is secured by way of a first legal charge over the company's freehold investment property.
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 500,000 (2024 - 500,000) Ordinary shares of £1.00 each | 500,000 | 500,000
Page 5
AUTOFORGE LIMITED Notes to the financial statements For the year ended 30 June 2025
9. | Related party transactions
| The Company has taken advantage of the exemptions available under FRS 102 Section 33 from disclosing transactions with other members of the group, where all subsidiaries are wholly owned. Companies under common control During the year the Company made purchases of £28,391 (2024: £25,000) from Purico Limited. At the balance sheet date an amount of £Nil (2024: £178,807) was due from the company to this related party. An amount of £294,020 (2024: £294,020) was due to the Company from this related party. During the year the Company was charged fees and expenses of £417,947 (2024: £387,683) from Ancefin Property Management Limited (APM). APM also collect customer payments on behalf of the Company. At the balance sheet date an amount of £205,736 (2024: £131,085 due from) was owed by the Company to this related party. At the balance sheet date an amount of £1,661,735 (2024: £1,742,440) was due to Fieldbonds Limited in respect of a loan. During the year the Company was charged interest on this loan of £137,254 (2024: £149,068) from Fieldbonds Limited. Interest is charged at base rate plus 3%. At the balance sheet date an amount of £271,148 (2024: £265,662) was due from Donlow Fininvest Limited. During the year the company received interest of £17,697 (2024: £8,257) in respect of this loan.
10. | Controlling party
The parent undertaking is Mellham Limited. The ultimate controlling party is Mr N R Puri.
11. | 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.
Page 6