Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2026-05-08 No description of principal activity 2024-04-01 4 false 4 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13672623 2024-04-01 2025-03-31 13672623 2023-04-01 2024-03-31 13672623 2025-03-31 13672623 2024-03-31 13672623 c:Director1 2024-04-01 2025-03-31 13672623 c:Director2 2024-04-01 2025-03-31 13672623 c:Director3 2024-04-01 2025-03-31 13672623 c:Director4 2024-04-01 2025-03-31 13672623 c:RegisteredOffice 2024-04-01 2025-03-31 13672623 d:MotorVehicles 2024-04-01 2025-03-31 13672623 d:MotorVehicles 2025-03-31 13672623 d:MotorVehicles 2024-03-31 13672623 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13672623 d:OfficeEquipment 2024-04-01 2025-03-31 13672623 d:OfficeEquipment 2025-03-31 13672623 d:OfficeEquipment 2024-03-31 13672623 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13672623 d:ComputerEquipment 2024-04-01 2025-03-31 13672623 d:ComputerEquipment 2025-03-31 13672623 d:ComputerEquipment 2024-03-31 13672623 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13672623 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13672623 d:CurrentFinancialInstruments 2025-03-31 13672623 d:CurrentFinancialInstruments 2024-03-31 13672623 d:Non-currentFinancialInstruments 2025-03-31 13672623 d:Non-currentFinancialInstruments 2024-03-31 13672623 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13672623 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13672623 d:ShareCapital 2025-03-31 13672623 d:ShareCapital 2024-03-31 13672623 d:RetainedEarningsAccumulatedLosses 2025-03-31 13672623 d:RetainedEarningsAccumulatedLosses 2024-03-31 13672623 c:FRS102 2024-04-01 2025-03-31 13672623 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13672623 c:FullAccounts 2024-04-01 2025-03-31 13672623 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13672623 6 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company registration number: 13672623
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 MARCH 2025
| ELBOW BEACH INVESTMENTS LIMITED
ELBOW BEACH INVESTMENTS LIMITED |  |
COMPANY INFORMATION
Directors | N Charman
| T Hardy
| J Pollock
| D Gudgin
Registered number | 13672623
Registered office | 68 King William Street
| London
| EC4N 7DZ
Trading Address | 68 King William Street
| London
| EC4N 7DZ
Accountants | Menzies LLP
| Chartered Accountants
| 4th Floor
| 95 Gresham Street
| London
| EC2V 7AB
ELBOW BEACH INVESTMENTS LIMITED |  |
CONTENTS
| Page
Statement of financial position | 1 - 2
Notes to the financial statements | 3 - 7
ELBOW BEACH INVESTMENTS LIMITED REGISTERED NUMBER:13672623 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  |  |  | As restated
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 40,522 |  | 60,268
Investments | 5 |  | 13,832,327 |  | 10,262,405
|  |  | 13,872,849 |  | 10,322,673
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 6 | 2,029,375 |  | 271,262 |
Debtors: amounts falling due within one year | 6 | 1,065,414 |  | 738,312 |
Cash at bank and in hand |  | 422,125 |  | 33,610 |
|  | 3,516,914 |  | 1,043,184 |
Creditors: amounts falling due within one year | 7 | (21,835,500) |  | (13,912,409) |
Net current liabilities |  |  | (18,318,586) |  | (12,869,225)
Total assets less current liabilities |  |  | (4,445,737) |  | (2,546,552)
Net liabilities |  |  | (4,445,737) |  | (2,546,552)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (4,445,837) |  | (2,546,652)
|  |  | (4,445,737) |  | (2,546,552)
Page 1
ELBOW BEACH INVESTMENTS LIMITED REGISTERED NUMBER:13672623 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 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 income and retained earnings 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:
J Pollock
Director
Date: 8 May 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
ELBOW BEACH INVESTMENTS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Elbow Beach Investments Limited is a private company, limited by shares, registered in England and Wales, company registration number 13672623. The registered office and principal place of business is disclosed in the company information page. 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 of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | 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.
| 2.3 | 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 generated by providing consultancy services and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.4 | Going concern
As at the year end the company has net liabilities of £4,445,737 (2024: £2,546,552). The directors have confirmed that they will continue to provide financial support so that the company will be able to meet the creditors as theyfall due.
| 2.5 | 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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
ELBOW BEACH INVESTMENTS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | Operating leases: the Company as lessor
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term. Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
| 2.7 | Finance costs
Finance costs are charged to profit or loss 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.9 | 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:
|  |  |  | Motor vehicles | - | 25% | straight-line
|  |  |  | Office equipment | - | 25% | straight-line
|  |  |  | 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
ELBOW BEACH INVESTMENTS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.10 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.11 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2024 -4).
4. | Tangible fixed assets
|  | Motor vehicles | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | 53,530 | 17,061 | 11,213 | 81,804
| Additions | - | - | 1,623 | 1,623
| At 31 March 2025 | 53,530 | 17,061 | 12,836 | 83,427
| Depreciation |  |  |  |
| At 1 April 2024 | 10,037 | 5,470 | 6,029 | 21,536
| Charge for the year on owned assets | 13,382 | 4,321 | 3,666 | 21,369
| At 31 March 2025 | 23,419 | 9,791 | 9,695 | 42,905
| Net book value |  |  |  |
| At 31 March 2025 | 30,111 | 7,270 | 3,141 | 40,522
| At 31 March 2024 | 43,493 | 11,591 | 5,184 | 60,268
Page 5
ELBOW BEACH INVESTMENTS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Fixed asset investments
|  | Investments in subsidiary companies | Investments in associates | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 100 | 10,262,305 | 10,262,405
| Additions | - | 3,569,922 | 3,569,922
| At 31 March 2025 | 100 | 13,832,227 | 13,832,327
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Due from participating interests | - | 271,262
| Other debtors | 2,029,375 | -
|  | 2,029,375 | 271,262
|  |  |  |  | 2025 | Restated 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 8,847 | 22,047
| Amounts owed by group undertakings | 725,902 | 586,441
| Other debtors | 261,282 | 87,662
| Prepayments and accrued income | 69,383 | 42,162
|  | 1,065,414 | 738,312
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 2,914 | 2,194
| Trade creditors | 12,566 | 28,209
| Other creditors | 21,805,420 | 13,873,101
| Accruals and deferred income | 14,600 | 8,905
|  | 21,835,500 | 13,912,409
Page 6
ELBOW BEACH INVESTMENTS LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Prior year adjustment
During the year ended 31 March 2025, it was identified that an investments owned by Elbow Beach Investments Limited were incorrectly recognised in the financial statements of Elbow Beach Capital Limited. As a result, a prior year adjustment has been made which increased the brought forward investment by £901,303 with a corresponding reduction in the amounts owed by group undertakings by £901,303 and no impact on retained earnings brought forward.
9. | Transactions with directors
| As at year end, there is an amount due to a director of £Nil (2024: £46,066) within other creditors. This amount is interest free and repayable on demand. As at year end, there is an amount due to a director of £21,762,653 (2024: £13,782,742) within other creditors. This amount is interest free and repayable on demand.
Page 7