Caseware UK (AP4) 2025.0.111 2025.0.111 2025-07-31 2025-07-31 2024-08-01 2 2 false false investment property false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03220717 2024-08-01 2025-07-31 03220717 2023-08-01 2024-07-31 03220717 2025-07-31 03220717 2024-07-31 03220717 2023-08-01 03220717 c:Director2 2024-08-01 2025-07-31 03220717 d:PlantMachinery 2024-08-01 2025-07-31 03220717 d:PlantMachinery 2025-07-31 03220717 d:PlantMachinery 2024-07-31 03220717 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 03220717 d:FurnitureFittings 2024-08-01 2025-07-31 03220717 d:FurnitureFittings 2025-07-31 03220717 d:FurnitureFittings 2024-07-31 03220717 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 03220717 d:ComputerEquipment 2024-08-01 2025-07-31 03220717 d:ComputerEquipment 2025-07-31 03220717 d:ComputerEquipment 2024-07-31 03220717 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 03220717 d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 03220717 d:FreeholdInvestmentProperty 2025-07-31 03220717 d:FreeholdInvestmentProperty 2024-07-31 03220717 d:CurrentFinancialInstruments 2025-07-31 03220717 d:CurrentFinancialInstruments 2024-07-31 03220717 d:Non-currentFinancialInstruments 2025-07-31 03220717 d:Non-currentFinancialInstruments 2024-07-31 03220717 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 03220717 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 03220717 d:Non-currentFinancialInstruments d:AfterOneYear 2025-07-31 03220717 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 03220717 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-07-31 03220717 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 03220717 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-07-31 03220717 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 03220717 d:ShareCapital 2025-07-31 03220717 d:ShareCapital 2024-07-31 03220717 d:RevaluationReserve 2025-07-31 03220717 d:RevaluationReserve 2024-07-31 03220717 d:RetainedEarningsAccumulatedLosses 2025-07-31 03220717 d:RetainedEarningsAccumulatedLosses 2024-07-31 03220717 c:OrdinaryShareClass1 2024-08-01 2025-07-31 03220717 c:OrdinaryShareClass1 2025-07-31 03220717 c:OrdinaryShareClass2 2024-08-01 2025-07-31 03220717 c:OrdinaryShareClass2 2025-07-31 03220717 c:OrdinaryShareClass3 2024-08-01 2025-07-31 03220717 c:OrdinaryShareClass3 2025-07-31 03220717 c:FRS102 2024-08-01 2025-07-31 03220717 c:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 03220717 c:FullAccounts 2024-08-01 2025-07-31 03220717 c:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 03220717 d:OtherDeferredTax 2025-07-31 03220717 d:OtherDeferredTax 2024-07-31 03220717 2 2024-08-01 2025-07-31 03220717 e:PoundSterling 2024-08-01 2025-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03220717 FLEXILINE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
FLEXILINE LIMITED
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 9
FLEXILINE LIMITED REGISTERED NUMBER:03220717
STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,164 |  | 5,722
Investment property | 5 |  | 2,100,000 |  | 2,100,000
|  |  | 2,103,164 |  | 2,105,722
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 66,435 |  | 167,215 |
Cash at bank and in hand |  | 1,171,367 |  | 1,216,318 |
|  | 1,237,802 |  | 1,383,533 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 7 | (26,015) |  | (58,524) |
Net current assets |  |  | 1,211,787 |  | 1,325,009
Total assets less current liabilities |  |  | 3,314,951 |  | 3,430,731
Creditors: amounts falling due after more than one year | 8 |  | (1,236,000) |  | (1,391,425)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (328,807) |  | (328,807) |
|  |  | (328,807) |  | (328,807)
Net assets |  |  | 1,750,144 |  | 1,710,499
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 100 |  | 100
Revaluation reserve |  |  | 1,294,231 |  | 1,294,231
Profit and loss account |  |  | 455,813 |  | 416,168
|  |  | 1,750,144 |  | 1,710,499
Page 1
FLEXILINE LIMITED REGISTERED NUMBER:03220717
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JULY 2025 The director considers 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 director acknowledges her 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 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 on 30 March 2026.
G Levy
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
FLEXILINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Flexiline Limited is a private limited company limited by shares and incorporated in England & Wales. Its registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD. The principal activity of the company continued to be that of investment property. The company's functional and presentational currency is £ Sterling. 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 following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover comprises revenue recognised by the company in respect of rent receivable. Rent is recognised in respect of the properties occupied during the period.
| 2.3 | 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. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:
|  |  |  | Plant & machinery | - | 33.33% straight line
|  |  |  | Fixtures & fittings | - | 25% reducing balance method
|  |  |  | Computer equipment | - | 33.33% straight line
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. Page 3
FLEXILINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.4 | Investment property
Investment property is carried at fair value determined annually 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 the Statement of Comprehensive Income.
| 2.5 | Basic financial instruments
The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties. Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method. Cash and cash equivalents comprise cash balances and call deposits and bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
| 2.6 | Finance costs
Finance costs are charged to the Statement of Comprehensive Income 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.
| 2.7 | Dividends
Equity dividends are recognised when they become legally payable.
| 2.8 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
FLEXILINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 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 reporting 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 reporting 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 5
FLEXILINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
4. | Tangible fixed assets
|  | Plant & machinery | Fixtures & fittings | Computer equipment | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 August 2024 | 765 | 12,783 | 13,004 | 26,552
| At 31 July 2025 | 765 | 12,783 | 13,004 | 26,552
| Depreciation |  |  |  |
| At 1 August 2024 | 765 | 11,584 | 8,481 | 20,830
| Charge for the year on owned assets | - | 302 | 2,256 | 2,558
| At 31 July 2025 | 765 | 11,886 | 10,737 | 23,388
| Net book value |  |  |  |
| At 31 July 2025 | - | 897 | 2,267 | 3,164
| At 31 July 2024 | - | 1,199 | 4,523 | 5,722
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 August 2024 | 2,100,000
| At 31 July 2025 | 2,100,000
The 2025 valuations were made by director, on an open market value for existing use basis.
Page 6
FLEXILINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 26,180 | 129,056
| Prepayments and accrued income | 40,255 | 38,159
|  | 66,435 | 167,215
| Included within other debtors due within one year is amounts owed by director of £26,180 (2024: £129,056). Interest has been charged on the loan at the rate of 3.75%. The director intends to repay the loan in full within 9 months of the year end.
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Taxation and social security | 11,269 | 10,642
| Other creditors | 11,926 | 42,143
| Accruals and deferred income | 2,820 | 5,739
|  | 26,015 | 58,524
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 1,236,000 | 1,236,000
| Other loans | - | 155,425
|  | 1,236,000 | 1,391,425
| The bank loan is secured by a charge over the property of the company and a personal guarantee from the director.
Page 7
FLEXILINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Other loans | - | 155,425
| Amounts falling due after more than 5 years |  |
| Bank loans | 1,236,000 | 1,236,000
|  | 1,236,000 | 1,236,000
10. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 328,807 | 328,807
| At end of year | 328,807 | 328,807
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revaluation of investment property | 328,807 | 328,807
Page 8
FLEXILINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Authorised, allotted, called up and fully paid |  |
|  | 80 (2024: 100) Ordinary A shares of £1 each | 80 | 100
|  | 10 Ordinary B shares of £1 each | 10 | -
|  | 10 Ordinary C shares of £1 each | 10 | -
|  |  | 100 | 100
| On 24 April 2025, 100 issued Ordinary shares of £1 each in the capital of the company was re-designated from 100 Ordinary shares of £1 each into 80 A Ordinary shares of £1 each, 10 B Ordinary shares of £1 each and 10 C Ordinary shares of £1 each.
Page 9