Caseware UK (AP4) 2025.0.111 2025.0.111 2025-07-31 2025-07-31 false true 2024-08-01 Investment properties 2 2 true false 03915319 2024-08-01 2025-07-31 03915319 2023-08-01 2024-07-31 03915319 2025-07-31 03915319 2024-07-31 03915319 2023-08-01 03915319 c:Director2 2024-08-01 2025-07-31 03915319 d:PlantMachinery 2024-08-01 2025-07-31 03915319 d:FurnitureFittings 2024-08-01 2025-07-31 03915319 d:OtherPropertyPlantEquipment 2025-07-31 03915319 d:OtherPropertyPlantEquipment 2024-07-31 03915319 d:FreeholdInvestmentProperty 2024-08-01 2025-07-31 03915319 d:FreeholdInvestmentProperty 2025-07-31 03915319 d:FreeholdInvestmentProperty 2024-07-31 03915319 d:FreeholdInvestmentProperty 2 2024-08-01 2025-07-31 03915319 d:FreeholdInvestmentProperty 4 2024-08-01 2025-07-31 03915319 d:CurrentFinancialInstruments 2025-07-31 03915319 d:CurrentFinancialInstruments 2024-07-31 03915319 d:Non-currentFinancialInstruments 2025-07-31 03915319 d:Non-currentFinancialInstruments 2024-07-31 03915319 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 03915319 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 03915319 d:Non-currentFinancialInstruments d:AfterOneYear 2025-07-31 03915319 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 03915319 d:ShareCapital 2025-07-31 03915319 d:ShareCapital 2024-07-31 03915319 d:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 03915319 d:RetainedEarningsAccumulatedLosses 2025-07-31 03915319 d:RetainedEarningsAccumulatedLosses 2024-07-31 03915319 d:AcceleratedTaxDepreciationDeferredTax 2025-07-31 03915319 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 03915319 d:TaxLossesCarry-forwardsDeferredTax 2025-07-31 03915319 d:TaxLossesCarry-forwardsDeferredTax 2024-07-31 03915319 d:RetirementBenefitObligationsDeferredTax 2025-07-31 03915319 d:RetirementBenefitObligationsDeferredTax 2024-07-31 03915319 c:OrdinaryShareClass1 2024-08-01 2025-07-31 03915319 c:OrdinaryShareClass1 2025-07-31 03915319 c:OrdinaryShareClass1 2024-07-31 03915319 c:FRS102 2024-08-01 2025-07-31 03915319 c:Audited 2024-08-01 2025-07-31 03915319 c:FullAccounts 2024-08-01 2025-07-31 03915319 c:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 03915319 c:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 03915319 6 2024-08-01 2025-07-31 03915319 f:PoundSterling 2024-08-01 2025-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03915319 YADE REALTY LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
YADE REALTY LIMITED
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 9
YADE REALTY LIMITED REGISTERED NUMBER:03915319
STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets | 4 |  | - |  | -
Investments | 5 |  | 1 |  | 1
Investment property | 6 |  | 3,997,502 |  | 6,934,411
|  |  | 3,997,503 |  | 6,934,412
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 7 | 8,534,780 |  | 7,229,807 |
Debtors: amounts falling due within one year | 7 | 168,844 |  | 194,879 |
Cash at bank and in hand |  | 15,186 |  | 189,190 |
|  | 8,718,810 |  | 7,613,876 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 8 | (322,130) |  | (262,021) |
Net current assets |  |  | 8,396,680 |  | 7,351,855
Total assets less current liabilities |  |  | 12,394,183 |  | 14,286,267
Creditors: amounts falling due after more than one year | 9 |  | (4,567,752) |  | (4,640,401)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 |  | - |  | (97,976)
Net assets |  |  | 7,826,431 |  | 9,547,890
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 2 |  | 2
Profit and loss account | 12 |  | 7,826,429 |  | 9,547,888
|  |  | 7,826,431 |  | 9,547,890
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. Page 1
YADE REALTY LIMITED REGISTERED NUMBER:03915319
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JULY 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2026.
D Yamin-Joseph
Director
The notes on pages 3 to 9 form part of these financial statements. Page 2
YADE REALTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Yade Realty Limited is a private limited liability company incorporated in England and Wales, with its registered office and business office address at 3rd Floor, 107 Jermyn Street, SW1Y 6EE. The principal activity of the Company is that of investment. 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 | Going concern
The financial statements have been prepared on a going concern basis. During the year, the Company completed the second tranche of granting long-term leases over the residential elements of its freehold investment properties at a peppercorn rent to its wholly-owned subsidiary, resulting in a further decrease in turnover. The Company recorded a fair value loss of £1.8 million on investment property, which is non-cash in nature and resulted in a loss for the year. At the Statement of Financial Position date, the Company had net assets of approximately £7.8 million, comprising mainly freehold properties at fair value of £4 million and amounts due from its wholly-owned subsidiary of £8.5 million, offset by bank and other loans of £4.6 million, all of which are repayable after more than one year. The subsidiary holds investment properties with a fair value of approximately £16.5 million and is financed by intercompany borrowings and long-term bank loans. The directors consider the amount due from the subsidiary to be recoverable. The directors have prepared cash flow forecasts covering a period of at least twelve months from the date of approval of these financial statements and are satisfied that the Company will be able to meet its liabilities as they fall due. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
| 2.4 | Turnover
Turnover comprises rent receivable exclusive of Value Added Tax. Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income. Page 3
YADE REALTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model, other than investment properties, 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 provided on the following basis:
|  |  |  | Plant and machinery | - | 25% | straight line
|  |  |  | Fixtures and fittings | - | 25% | 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.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.7 | Investment property
Investment property is carried at fair value determined annually by the directors 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.
| 2.8 | Debtors
Short term debtors are measured at the transaction price, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | Borrowing costs
All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred. Page 4
YADE REALTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.13 | 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.
| 2.14 | Dividends
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 directors were the only employees of the Company during the current and preceding period.
Page 5
YADE REALTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
4. | Tangible fixed assets
|  | Other fixed assets
|  | £
| Cost |
| At 1 August 2024 | 569,887
| At 31 July 2025 | 569,887
| Depreciation |
| At 1 August 2024 | 569,887
| At 31 July 2025 | 569,887
| Net book value |
| At 31 July 2025 | -
| At 31 July 2024 | -
5. | Fixed asset investments
|  | Investments in subsidiary company
|  | £
| Cost |
| At 1 August 2024 | 1
| At 31 July 2025 | 1
Page 6
YADE REALTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 August 2024 | 6,934,411
| Additions at cost | 136,041
| Deficit on revaluation | (1,831,041)
| Transfers intra group | (1,241,909)
| At 31 July 2025 | 3,997,502
The 2025 valuations were made by the directors, on an open market value for existing use basis.
| 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 | 3,713,743 | 5,100,036
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Amounts owed by group undertakings | 8,534,780 | 7,229,807
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 10,739 | 70
| Amounts owed by group undertakings | 100,539 | -
| Other debtors | 43,730 | 43,730
| Prepayments and accrued income | 13,836 | 151,079
|  | 168,844 | 194,879
Page 7
YADE REALTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 39,000 | -
| Trade creditors | 29,601 | 36,139
| Taxation and social security | 14,849 | 10,214
| Other creditors | 183,116 | 170,124
| Accruals and deferred income | 55,564 | 45,544
|  | 322,130 | 262,021
| Secured loans The bank and other loans are secured by first charges over freehold investment properties and a rental assignment deed.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 2,677,752 | 2,750,401
| Other loans | 1,800,000 | 1,800,000
| Other creditors | 90,000 | 90,000
|  | 4,567,752 | 4,640,401
| Secured loans The bank and other loans are secured by first charges over freehold investment properties and a rental assignment deed.
10. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 97,976 | 1,342,208
| Released to profit or loss | (97,976) | (1,244,232)
| At end of year | - | 97,976
Page 8
YADE REALTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 10.Deferred taxation (continued)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Decelerated capital allowances | - | (1,708)
| Tax losses carried forward | - | (191,631)
| Fair value adjustments | - | 291,315
|  | - | 97,976
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2024 - 2) Ordinary shares of £1 each | 2 | 2
12. | Reserves
Profit and loss account At the reporting date, the Company had accumulated reserves of £7,826,429 (2024 - £9,547,888), of which £283,759 (2024 - £1,543,060) are not distributable. 13.Directors' personal guarantees The directors have jointly given a personal guarantee limited to the sum of £650,000 as security for the Company's bank facilities.
14. | Related party transactions
| The Company has taken advantage of the exemption under FRS 102 S33.1A Related Party Disclosured not to disclose transactions entered into between two or more members of a group, provided that any subsidiary underaking which is a party to the transactions is wholly owned by a member of that group.
15. | Auditors' information
The auditors' report on the financial statements for the year ended 31 July 2025 was unqualified. The audit report was signed on 14 April 2026 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
Page 9