Caseware UK (AP4) 2025.0.111 2025.0.111 2025-03-31 2025-03-31 2024-04-01 false No description of principal activity 0 0 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13240654 2024-04-01 2025-03-31 13240654 2023-04-01 2024-03-31 13240654 2025-03-31 13240654 2024-03-31 13240654 c:Director1 2024-04-01 2025-03-31 13240654 c:Director2 2024-04-01 2025-03-31 13240654 c:RegisteredOffice 2024-04-01 2025-03-31 13240654 d:CurrentFinancialInstruments 2025-03-31 13240654 d:CurrentFinancialInstruments 2024-03-31 13240654 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13240654 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13240654 d:ShareCapital 2025-03-31 13240654 d:ShareCapital 2024-03-31 13240654 d:RetainedEarningsAccumulatedLosses 2025-03-31 13240654 d:RetainedEarningsAccumulatedLosses 2024-03-31 13240654 c:FRS102 2024-04-01 2025-03-31 13240654 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13240654 c:FullAccounts 2024-04-01 2025-03-31 13240654 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13240654 2 2024-04-01 2025-03-31 13240654 6 2024-04-01 2025-03-31 13240654 1 2025-03-31 13240654 2 2025-03-31 13240654 1 2024-03-31 13240654 2 2024-03-31 13240654 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 13240654 (England & Wales)
| KITESCROFTE LIMITED |
| DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Pages for Filing with Registrar |
KITESCROFTE LIMITED
CONTENTS
| Page
Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 - 7
KITESCROFTE LIMITED
COMPANY INFORMATION
Directors | James Ritblat
| Joanna Ritblat
Registered number | 13240654
Registered office | 40 Queen Anne Street
| London
| W1G 9EL
Accountants | Lewis Golden LLP
| 40 Queen Anne Street
| London
| W1G 9EL
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Registered number: 13240654 (England & Wales) KITESCROFTE LIMITED
BALANCE SHEET AS AT 31 MARCH 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 3,4 |  | 4,455,826 |  | 4,576,451
Current assets |  |  |  |  |
Debtors | 5 | 339,119 |  | 223,992 |
Current asset investments | 3,6 | 565,806 |  | 512,832 |
Cash at bank and in hand |  | 28,938 |  | 7,114,345 |
|  | 933,863 |  | 7,851,169 |
Creditors: amounts falling due within one year | 7 | (3,556,999) |  | (10,644,928) |
Net current liabilities |  |  | (2,623,136) |  | (2,793,759)
Net assets |  |  | 1,832,690 |  | 1,782,692
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2,000,000 |  | 2,000,000
Profit and loss account |  |  | (167,310) |  | (217,308)
|  |  | 1,832,690 |  | 1,782,692
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the 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 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 prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the Directors' Report and 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:
Joanna Ritblat
Director
Date: 1 April 2026
The notes on pages 3 to 7 form part of these financial statements. - 2 -
KITESCROFTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Kitescrofte Limited is a private company limited by shares, incorporated in England and Wales, registered number 13240654. The address of the registered office is 40 Queen Anne Street, London W1G 9EL. 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 - small entities of Financial Reporting Standard 102, the 'Financial Reporting Standard applicable in the UK and the Republic of Ireland' ('FRS 102') and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis. The shareholder has provided notice that it is their current intention to support the operational needs of the company for a period of at least twelve months from the date of approval of these financial statements, in order to allow the company to meet its liabilities as and when they fall due unless circumstances change in a manner such as it would or might no longer be open to them to provide such financial support.
| 2.3 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and Loss Account.
| 2.4 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.5 | Interest income
Interest income is recognised in the Profit and Loss Account using the effective interest method. - 3 -
KITESCROFTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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 year. 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 the Profit and Loss Account for the year.
| 2.7 | Debtors
Short-term debtors are measured at the 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.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.10 | Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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. Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently remeasured at their fair value. Changes in the fair value of derivatives are recognised in the Profit and Loss Account in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives. - 4 -
KITESCROFTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | Taxation
Tax is recognised in the Profit and Loss Account 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.
3. | Prior year adjustment
In the current year, the directors reassessed the presentation of fixed interest securities and determined that they should be classified as current assets investments and not fixed asset investments, as the intention is to hold these assets for a period of less than one year. This represents a change in accounting policy and therefore the comparatives have been restated accordingly. The effect of this restatement on the comparative is to increase current assets by £501,631 and decrease fixed asset investments by £501,631. The change has no impact on the overall loss for the year ended 31 March 2024 or brought forward reserves as at 1 April 2024 and notes 4 and 6 reflect this adjustment. - 5 -
KITESCROFTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Fixed asset investments
|  | Listed investments | Shares in participating interests | Loans to participating interests | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 (as previously stated) | 3,769,878 | 393,506 | 1,753,395 | 5,916,779
| Prior Year Adjustment | (501,631) | - | - | (501,631)
| At 1 April 2024 (as restated) | 3,268,247 | 393,506 | 1,753,395 | 5,415,148
| Additions | 93,664 | - | - | 93,664
| Revaluations | 48,363 | - | - | 48,363
| At 31 March 2025 | 3,410,274 | 393,506 | 1,753,395 | 5,557,175
| Impairment |  |  |  |
| At 1 April 2024 | - | - | 838,697 | 838,697
| Charge for the period | - | 229,517 | 33,135 | 262,652
| At 31 March 2025 | - | 229,517 | 871,832 | 1,101,349
| Net book value |  |  |  |
| At 31 March 2025 | 3,410,274 | 163,989 | 881,563 | 4,455,826
| At 31 March 2024 (as restated) | 3,268,247 | 393,506 | 914,698 | 4,576,451
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KITESCROFTE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 339,119 | 223,992
6. | Current asset investments
|  |  |  |  |  | As restated
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other investments | 565,806 | 512,832
| Other investments comprise of fixed interest securities. The fair value of the assets were determined by the portfolio managers based on the current market activity, economic outlook, option pricing models and listed prices.
7. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 7,400 | 6,000
| Corporation tax | 38,980 | 111,442
| Other creditors | 3,510,619 | 10,527,486
|  | 3,556,999 | 10,644,928
8. | Related party transactions
| At the balance sheet date, the amount due to a director was £3,510,469 (2024 - £10,521,336). The balance is interest free and repayable on demand.
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