Caseware UK (AP4) 2024.0.164 2024.0.164 2026-02-28 2026-02-28 2025-03-01 false No description of principal activity 2 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09442898 2025-03-01 2026-02-28 09442898 2024-03-01 2025-02-28 09442898 2026-02-28 09442898 2025-02-28 09442898 c:Director2 2025-03-01 2026-02-28 09442898 d:ComputerEquipment 2025-03-01 2026-02-28 09442898 d:ComputerEquipment 2026-02-28 09442898 d:ComputerEquipment 2025-02-28 09442898 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-03-01 2026-02-28 09442898 d:LeaseholdInvestmentProperty 2026-02-28 09442898 d:LeaseholdInvestmentProperty 2025-02-28 09442898 d:CurrentFinancialInstruments 2026-02-28 09442898 d:CurrentFinancialInstruments 2025-02-28 09442898 d:CurrentFinancialInstruments d:WithinOneYear 2026-02-28 09442898 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 09442898 d:ShareCapital 2026-02-28 09442898 d:ShareCapital 2025-02-28 09442898 d:InvestmentPropertiesRevaluationReserve 2025-03-01 2026-02-28 09442898 d:InvestmentPropertiesRevaluationReserve 2026-02-28 09442898 d:InvestmentPropertiesRevaluationReserve 2025-02-28 09442898 d:RetainedEarningsAccumulatedLosses 2025-03-01 2026-02-28 09442898 d:RetainedEarningsAccumulatedLosses 2026-02-28 09442898 d:RetainedEarningsAccumulatedLosses 2025-02-28 09442898 d:AcceleratedTaxDepreciationDeferredTax 2026-02-28 09442898 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 09442898 d:TaxLossesCarry-forwardsDeferredTax 2026-02-28 09442898 d:TaxLossesCarry-forwardsDeferredTax 2025-02-28 09442898 d:OtherDeferredTax 2026-02-28 09442898 d:OtherDeferredTax 2025-02-28 09442898 c:OrdinaryShareClass1 2025-03-01 2026-02-28 09442898 c:OrdinaryShareClass1 2026-02-28 09442898 c:OrdinaryShareClass1 2025-02-28 09442898 c:OrdinaryShareClass2 2025-03-01 2026-02-28 09442898 c:OrdinaryShareClass2 2026-02-28 09442898 c:OrdinaryShareClass2 2025-02-28 09442898 c:OrdinaryShareClass3 2025-03-01 2026-02-28 09442898 c:OrdinaryShareClass3 2026-02-28 09442898 c:OrdinaryShareClass3 2025-02-28 09442898 c:FRS102 2025-03-01 2026-02-28 09442898 c:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 09442898 c:FullAccounts 2025-03-01 2026-02-28 09442898 c:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 09442898 2 2025-03-01 2026-02-28 09442898 6 2025-03-01 2026-02-28 09442898 e:PoundSterling 2025-03-01 2026-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09442898 RAS PROPERTY LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 28 FEBRUARY 2026
RAS PROPERTY LIMITED REGISTERED NUMBER: 09442898 BALANCE SHEET AS AT 28 FEBRUARY 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 944 |  | 290
Investment property | 5 |  | 1,105,000 |  | 1,105,000
|  |  | 1,105,944 |  | 1,105,290
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 11,216 |  | 20,010 |
Cash at bank and in hand | 7 | 5,200 |  | 26,487 |
|  | 16,416 |  | 46,497 |
Creditors: amounts falling due within one year | 8 | (699,786) |  | (749,328) |
Net current liabilities |  |  | (683,370) |  | (702,831)
Total assets less current liabilities |  |  | 422,574 |  | 402,459
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 |  | (39,173) |  | (30,778)
Net assets |  |  | 383,401 |  | 371,681
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 1,000 |  | 1,000
Investment property reserve | 11 |  | 155,433 |  | 155,433
Profit and loss account | 11 |  | 226,968 |  | 215,248
Total equity |  |  | 383,401 |  | 371,681
Page 1
RAS PROPERTY LIMITED REGISTERED NUMBER: 09442898 BALANCE SHEET (CONTINUED) AS AT 28 FEBRUARY 2026 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 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:
R A Sherman
Director
Date: 14 April 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
RAS PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
1. | General information
RAS Property Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Park House, Waterside, Radlett, Hertfordshire, WD7 7DY. The financial statements are presented in Sterling (£), rounded to the nearest £1. 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 | Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing 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. Revenue represents rent receviable during the period for occupancy of the properties and is recognised at the fair value of the rent receivable.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
RAS PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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:
|  |  |  | Computer equipment | - | 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 4
RAS PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.7 | 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.
| 2.8 | 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 statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. 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. Page 5
RAS PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
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.
| 2.13 | Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
| 2.14 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2025 - 2).
Page 6
RAS PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 March 2025 | 4,286
| Additions | 1,029
| Disposals | (3,418)
| At 28 February 2026 | 1,897
| Depreciation |
| At 1 March 2025 | 3,996
| Charge for the year on owned assets | 375
| Disposals | (3,418)
| At 28 February 2026 | 953
| Net book value |
| At 28 February 2026 | 944
| At 28 February 2025 | 290
5. | Investment property
|  | Long term leasehold investment property
|  | £
| Valuation |
| At 1 March 2025 | 1,105,000
| At 28 February 2026 | 1,105,000
The 2026 valuations were made by the directors, on an open market value for existing use basis.
Page 7
RAS PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 1,216 | 10
| Other debtors | 10,000 | 20,000
|  | 11,216 | 20,010
7. | Cash and cash equivalents
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 5,200 | 26,487
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Corporation tax | 5,485 | 6,516
| Other creditors | 690,000 | 740,000
| Accruals and deferred income | 4,301 | 2,812
|  | 699,786 | 749,328
9. | Deferred taxation
|  | 2026
|  | £
| At beginning of year | (30,778)
| Charged to profit or loss | (8,395)
| At end of year | (39,173)
Page 8
RAS PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 9.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Accelerated capital allowances | 237 | 73
| Tax losses carried forward | - | (8,231)
| Unrealised gain on investment property | 38,936 | 38,936
|  | 39,173 | 30,778
10. | Share capital
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 425 (2025 - 425) A Ordinary shares of £1.00 each | 425 | 425
|  | 425 (2025 - 425) B Ordinary shares of £1.00 each | 425 | 425
|  | 150 (2025 - 150) C Ordinary shares of £1.00 each | 150 | 150
|  |  | 1,000 | 1,000
11. | Reserves
Investment property revaluation reserve The investment property revaluation reserve relates to the revaluation of the company's investment property, net of deferred tax. The reserve is not distributable. Profit and loss account The profit and loss account includes all current and prior period retained profits and losses.
Page 9