Caseware UK (AP4) 2025.0.111 2025.0.111 2025-10-31 2025-10-31 2024-11-01 false No description of principal activity 2 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12973329 2024-11-01 2025-10-31 12973329 2023-11-01 2024-10-31 12973329 2025-10-31 12973329 2024-10-31 12973329 c:Director1 2024-11-01 2025-10-31 12973329 c:Director2 2024-11-01 2025-10-31 12973329 d:FurnitureFittings 2024-11-01 2025-10-31 12973329 d:FurnitureFittings 2025-10-31 12973329 d:FurnitureFittings 2024-10-31 12973329 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 12973329 d:FreeholdInvestmentProperty 2025-10-31 12973329 d:FreeholdInvestmentProperty 2024-10-31 12973329 d:CurrentFinancialInstruments 2025-10-31 12973329 d:CurrentFinancialInstruments 2024-10-31 12973329 d:CurrentFinancialInstruments d:WithinOneYear 2025-10-31 12973329 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12973329 d:ShareCapital 2025-10-31 12973329 d:ShareCapital 2024-10-31 12973329 d:RetainedEarningsAccumulatedLosses 2025-10-31 12973329 d:RetainedEarningsAccumulatedLosses 2024-10-31 12973329 c:FRS102 2024-11-01 2025-10-31 12973329 c:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 12973329 c:FullAccounts 2024-11-01 2025-10-31 12973329 c:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 12973329 6 2024-11-01 2025-10-31 12973329 e:PoundSterling 2024-11-01 2025-10-31 iso4217:GBP xbrli:pure

Registered number: 12973329 AG INC LTD. UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 OCTOBER 2025
AG INC LTD. REGISTERED NUMBER: 12973329 BALANCE SHEET AS AT 31 OCTOBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 4,091
Investments |  |  | 91,338 |  | 93,336
Investment property |  |  | 316,541 |  | 316,541
|  |  | 407,879 |  | 413,968
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | - |  | 2,709 |
Cash at bank and in hand |  | 60,993 |  | 49,019 |
|  | 60,993 |  | 51,728 |
Creditors: amounts falling due within one year | 8 | (459,376) |  | (460,715) |
Net current liabilities |  |  | (398,383) |  | (408,987)
Total assets less current liabilities |  |  | 9,496 |  | 4,981
Provisions for liabilities |  |  |  |  |
Deferred tax |  | - |  | (777) |
|  |  | - |  | (777)
Net assets |  |  | 9,496 |  | 4,204
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 9,396 |  | 4,104
|  |  | 9,496 |  | 4,204
Page 1
AG INC LTD. REGISTERED NUMBER: 12973329 BALANCE SHEET (CONTINUED) AS AT 31 OCTOBER 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 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 on 15 July 2026.
Mark Stephen Gray | Rosena Ali
Director | Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
AG INC LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. | General information
AG Inc Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Adelaide Road, Leamington Spa, CV31 3PN. The principal activity of the business continues to be that of rental properties. 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 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Leases
The Company as a lessor Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. Amounts due from lessees under finance leases are recognised as receivables at the amount of the Company's net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the Company's net investment outstanding in respect of the leases. When a contract includes lease and non-lease components, the Company applies Section 23 of FRS 102 to allocate the consideration under the contract to each component. Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term. Page 3
AG INC LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | 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:
|  |  |  | Fixtures and fittings | - | 20% | 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
AG INC LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.7 | 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.
| 2.8 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 5
AG INC LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 November 2024 | 20,447
| At 31 October 2025 | 20,447
| Depreciation |
| At 1 November 2024 | 16,357
| Charge for the year on owned assets | 4,090
| At 31 October 2025 | 20,447
| Net book value |
| At 31 October 2025 | -
| At 31 October 2024 | 4,090
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 November 2024 | 93,336
| Revaluations | (1,998)
| At 31 October 2025 | 91,338
Page 6
AG INC LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 November 2024 | 316,541
| At 31 October 2025 | 316,541
Investment property comprises of six investment properties. The 2025 valuations were made by the director, on an open market value basis.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 2,709
|  | - | 2,709
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 2,204 | 185
| Other creditors | 453,837 | 457,338
| Accruals and deferred income | 3,335 | 3,192
|  | 459,376 | 460,715
Page 7