Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2025-01-01 false Property investment 4 5 true false SC182591 2025-01-01 2025-12-31 SC182591 2024-01-01 2024-12-31 SC182591 2025-12-31 SC182591 2024-12-31 SC182591 c:CompanySecretary1 2025-01-01 2025-12-31 SC182591 c:Director1 2025-01-01 2025-12-31 SC182591 c:Director2 2025-01-01 2025-12-31 SC182591 c:Director2 2025-12-31 SC182591 c:Director3 2025-01-01 2025-12-31 SC182591 c:RegisteredOffice 2025-01-01 2025-12-31 SC182591 d:FurnitureFittings 2025-01-01 2025-12-31 SC182591 d:FurnitureFittings 2025-12-31 SC182591 d:FurnitureFittings 2024-12-31 SC182591 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 SC182591 d:OfficeEquipment 2025-01-01 2025-12-31 SC182591 d:OfficeEquipment 2025-12-31 SC182591 d:OfficeEquipment 2024-12-31 SC182591 d:OfficeEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 SC182591 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 SC182591 d:FreeholdInvestmentProperty 2025-01-01 2025-12-31 SC182591 d:FreeholdInvestmentProperty 2025-12-31 SC182591 d:FreeholdInvestmentProperty 2024-12-31 SC182591 d:FreeholdInvestmentProperty 2 2025-01-01 2025-12-31 SC182591 d:CurrentFinancialInstruments 2025-12-31 SC182591 d:CurrentFinancialInstruments 2024-12-31 SC182591 d:Non-currentFinancialInstruments 2025-12-31 SC182591 d:Non-currentFinancialInstruments 2024-12-31 SC182591 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 SC182591 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC182591 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 SC182591 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 SC182591 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-12-31 SC182591 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 SC182591 d:ShareCapital 2025-12-31 SC182591 d:ShareCapital 2024-12-31 SC182591 d:RetainedEarningsAccumulatedLosses 2025-12-31 SC182591 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC182591 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-12-31 SC182591 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 SC182591 c:OrdinaryShareClass1 2025-01-01 2025-12-31 SC182591 c:OrdinaryShareClass1 2025-12-31 SC182591 c:OrdinaryShareClass1 2024-12-31 SC182591 c:FRS102 2025-01-01 2025-12-31 SC182591 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC182591 c:FullAccounts 2025-01-01 2025-12-31 SC182591 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC182591 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 SC182591 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 SC182591 d:TaxLossesCarry-forwardsDeferredTax 2025-12-31 SC182591 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 SC182591 2 2025-01-01 2025-12-31 SC182591 6 2025-01-01 2025-12-31 SC182591 d:Associate1 2025-01-01 2025-12-31 SC182591 d:Associate1 1 2025-01-01 2025-12-31 SC182591 d:Associate2 2025-01-01 2025-12-31 SC182591 d:Associate2 1 2025-01-01 2025-12-31 SC182591 f:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC182591 LEMURIA ENTERPRISES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
LEMURIA ENTERPRISES LIMITED COMPANY INFORMATION
Directors | M J Simpson
| G M Bone (resigned 24 March 2025)
| G A Simpson
Company secretary | Brodies Secretarial Services Limited
Registered number | SC182591
Registered office | 12 Rubislaw Terrace Lane
| Aberdeen
| AB10 1XF
Accountants | AAB
| Kingshill View
| Prime Four Business Park
| Kingswells
| Aberdeen
| AB15 8PU
LEMURIA ENTERPRISES LIMITED CONTENTS
| Page
Directors' responsibilities statement | 1
Balance sheet | 2 - 3
Notes to the financial statements | 4 - 14
LEMURIA ENTERPRISES LIMITED DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 1
LEMURIA ENTERPRISES LIMITED REGISTERED NUMBER: SC182591 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 95 |  | 286
Investments | 5 |  | 240,000 |  | 240,000
Investment property | 6 |  | 2,045,000 |  | 2,277,000
|  |  | 2,285,095 |  | 2,517,286
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 10,050 |  | 11,144 |
Cash at bank and in hand | 8 | 45,771 |  | 34,186 |
|  | 55,821 |  | 45,330 |
Creditors: amounts falling due within one year | 9 | (922,848) |  | (801,776) |
Net current liabilities |  |  | (867,027) |  | (756,446)
Total assets less current liabilities |  |  | 1,418,068 |  | 1,760,840
Creditors: amounts falling due after more than one year | 10 |  | (43,120) |  | (319,880)
Provisions for liabilities |  |  |  |  |
Deferred tax | 13 | (209,007) |  | (257,308) |
|  |  | (209,007) |  | (257,308)
Net assets |  |  | 1,165,941 |  | 1,183,652
Capital and reserves |  |  |  |  |
Called up share capital | 14 |  | 4 |  | 4
Profit and loss account |  |  | 1,165,937 |  | 1,183,648
|  |  | 1,165,941 |  | 1,183,652
Page 2
LEMURIA ENTERPRISES LIMITED REGISTERED NUMBER: SC182591 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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:
M J Simpson
Director
Date: 6 August 2026
The notes on pages 4 to 14 form part of these financial statements. Page 3
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Lemuria Enterprises Limited is a limited liability Company incorporated in Scotland. The registered office is 12 Rubislaw Terrace Lane, Aberdeen, AB10 1XF. The principal activity of the company is that of property rental. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors, having made due and careful enquiry, are of the opinion that the Company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual 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. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | 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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | 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 & fittings | - | 25% straight line
|  |  |  | Office equipment | - | 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.
| 2.9 | 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. Page 5
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 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 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. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.11 | Associates and joint ventures
Associates and Joint Ventures are held at cost less impairment.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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.
| 2.15 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.16 | 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. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. Page 6
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.16 | Financial instruments (continued)
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. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. 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. Page 7
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.16 | Financial instruments (continued)
Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.17 | 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.
| 2.18 | 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. Page 8
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Management | 4 | 5
4. | Tangible fixed assets
|  | Fixtures & fittings | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2025 | 26,021 | 1,632 | 27,653
| At 31 December 2025 | 26,021 | 1,632 | 27,653
| Depreciation |  |  |
| At 1 January 2025 | 26,021 | 1,346 | 27,367
| Charge for the year on owned assets | - | 191 | 191
| At 31 December 2025 | 26,021 | 1,537 | 27,558
| Net book value |  |  |
| At 31 December 2025 | - | 95 | 95
| At 31 December 2024 | - | 286 | 286
Page 9
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Fixed asset investments
|  | Investments in associates
|  | £
| Cost or valuation |
| At 1 January 2025 | 240,000
| At 31 December 2025 | 240,000
| Associates
| The following were associates of the Company:
| Name | Class of shares | Holding
| The Deeside Water Company (Holdings) Limited | Ordinary | 38.05%
| The Deeside Water Company Limited | Ordinary | 38.05%
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2025 | 2,277,000
| Disposals | (182,000)
| Deficit on revaluation | (50,000)
| At 31 December 2025 | 2,045,000
The company's investment portfolio was revalued in 2024 by external qualified chartered surveyors. The directors believe that these valuations reflect the current market vale and climate at at 31 December with the exception of one property where the valuation has been reduced.
| At 31 December 2025
| 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 | 2,753,000 | 2,793,000
|  | 2,753,000 | 2,793,000
Page 10
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 797 | 1,177
| Other debtors | - | 625
| Prepayments and accrued income | 9,253 | 9,342
|  | 10,050 | 11,144
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 45,771 | 34,186
|  | 45,771 | 34,186
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 150,000 | -
| Trade creditors | 9,193 | 5,645
| Corporation tax | - | 4,718
| Other taxation and social security | 3,074 | 3,315
| Other creditors | 756,260 | 783,260
| Accruals and deferred income | 4,321 | 4,838
|  | 922,848 | 801,776
| The bank loan was repaid in full in January 2026.
Page 11
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 275,000
| Government grants received | 43,120 | 44,880
|  | 43,120 | 319,880
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 150,000 | -
|  | 150,000 | -
| Amounts falling due 2-5 years |  |
| Bank loans | - | 275,000
|  | - | 275,000
|  | 150,000 | 275,000
12. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 45,771 | 34,186
| Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
Page 12
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
13. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 257,308
| Charged to profit or loss | (48,301)
| At end of year | 209,007
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 25 | 72
| Tax losses carried forward | (245) | -
| Revaluation of investment properties | 209,227 | 257,236
|  | 209,007 | 257,308
14. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 4 (2024 - 4) Ordinary shares of £1.00 each | 4 | 4
15. | Pension commitments
The Company contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £450 (2024 - £450). Page 13
LEMURIA ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
16. | Related party transactions
| During the year the company received preference dividends of £6,500 (2024 - £6,500) from associated undertakings. During the year the company incurred management charges of £15,000 (2024 - £15,000) from a company with common directors and charged management fees of £39,000 (2024: £39,000) to company with common directors. The amounts owed to these companies as at 31 December 2025 was £nil (2024 - £nil). During the year the company repaid net loans of £27,000 (2024 - received £14,500) from a director. As at 31 December 2025 £754,500 (2024: £781,500) was owed to the director.
17. | Controlling party
The ultimate controlling party is Lemurian Estates Ltd, a company registered in Scotland.
Page 14