Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 false true false 2025-01-01 Property development 0 0 true 10474307 2025-01-01 2025-12-31 10474307 2024-01-01 2024-12-31 10474307 2025-12-31 10474307 2024-12-31 10474307 c:Director1 2025-01-01 2025-12-31 10474307 c:Director3 2025-01-01 2025-12-31 10474307 c:RegisteredOffice 2025-01-01 2025-12-31 10474307 d:CurrentFinancialInstruments 2025-12-31 10474307 d:CurrentFinancialInstruments 2024-12-31 10474307 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 10474307 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10474307 d:ShareCapital 2025-12-31 10474307 d:ShareCapital 2024-12-31 10474307 d:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 10474307 d:RetainedEarningsAccumulatedLosses 2025-12-31 10474307 d:RetainedEarningsAccumulatedLosses 2024-12-31 10474307 c:OrdinaryShareClass1 2025-01-01 2025-12-31 10474307 c:OrdinaryShareClass1 2025-12-31 10474307 c:OrdinaryShareClass1 2024-12-31 10474307 c:EntityNoLongerTradingButTradedInPast 2025-01-01 2025-12-31 10474307 c:FRS102 2025-01-01 2025-12-31 10474307 c:Audited 2025-01-01 2025-12-31 10474307 c:FullAccounts 2025-01-01 2025-12-31 10474307 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10474307 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10474307 2 2025-01-01 2025-12-31 10474307 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10474307 STADIUM HOLDINGS 1 LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
STADIUM HOLDINGS 1 LIMITED CONTENTS
| Page
Company information | 1
Balance sheet | 2
Notes to the financial statements | 3 - 7
STADIUM HOLDINGS 1 LIMITED COMPANY INFORMATION
Directors | R S Coetzee
| N M Shah
Registered number | 10474307
Registered office | 2nd Floor, Kingsbourne House
| 229-231 High Holborn
| London
| WC1V 7DA
Independent auditor | Blick Rothenberg Audit LLP
| Chartered Accountants & Statutory Auditor
| 16 Great Queen Street
| Covent Garden
| London
| WC2B 5AH
Page 1
|  | REGISTERED NUMBER:10474307
STADIUM HOLDINGS 1 LIMITED BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | - |  | 1,463 |
Creditors: amounts falling due within one year | 6 | (90,910) |  | (90,910) |
Net current liabilities |  |  | (90,910) |  | (89,447)
Total assets less current liabilities |  |  | (90,910) |  | (89,447)
Net liabilities |  |  | (90,910) |  | (89,447)
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 1 |  | 1
Profit and loss account | 9 |  | (90,911) |  | (89,448)
Net deficit |  |  | (90,910) |  | (89,447)
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 provsion 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 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:
R S Coetzee
Director
Date: 25 March 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
STADIUM HOLDINGS 1 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Stadium Holdings 1 Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is Kingsbourne House 2nd Floor, 229-231 High Holborn, London, England, WC1V 7DA The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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 notwithstanding the fact that the company has a deficiency on shareholders' funds at the end of the year. The directors have received letters of financial support from the other members of the group which provide loan financing to the company, confirming continued support to the company. With the support of these entities, 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 the directors continue to adopt the going concern basis in preparing the financial statements.
| 2.3 | Financial instruments
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Financial assets Basic financial assets are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Page 3
STADIUM HOLDINGS 1 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
|  | Financial instruments (continued)
Financial liabilities Basic financial liabilities, including other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Impairment of financial assets Financial assets 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. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Derecognition of financial assets and financial liabilities Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Offsetting of financial assets and financial liabilities 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.
| 2.4 | Share capital
Ordinary shares are classified as equity. Page 4
STADIUM HOLDINGS 1 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. 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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Key sources of estimation uncertainty - impairment of amounts owed by group undertakings Determing whether the amounts owed by group undertakings are impaired requires an assessment based on the estimated recoverability of the loans. An impairment review was performed as at 31 December 2025 whereby the assessment justified an impairment to the carrying value of the loan as detailed in Note 5. All other estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Page 5
STADIUM HOLDINGS 1 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | - | 1,463
| Amounts owed by group undertakings have been impaired by £161,046 (2024: 161,046).
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 90,910 | 90,910
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary share of £1.00 | 1 | 1
8. | Related party transactions
| The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.
9. | Reserves
Profit and loss account The profit and loss account includes all current retained profits and losses.
10. | Contingent liabilities
At the year end the company had provided fixed and floating charges against the borrowings of a group entity, which total £59.7m. Page 6
STADIUM HOLDINGS 1 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Controlling party
The parent undertaking of the smallest group of undertakings for which group financial statements are drawn up and of which the company is a member is Grand City Properties S.A., whose registered office is at 37 Boulevard Joseph II, Luxembourg, L-1840. Copies of these group financial statements are available to the public from https://www.grandcityproperties .com.Grand City Properties S. A The parent undertaking of the largest group of undertakings for which group financial statements are drawn up and of which the company is a member is Aroundtown S.A., whose registered office is at 37 Boulevard Joseph II, Luxembourg, L-1840. Copies of these group financial statements are available to the public from https://www.aroundtown .de.Aroundtown S.A The ultimate parent company is Aroundtown S.A., a company incorporated in Luxembourg. The immediate parent company is Stadium Holdings Limited.
12. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 26 March 2026 by Mark Cunningham (senior statutory auditor) on behalf of Blick Rothenberg Audit LLP.
Page 7