Caseware UK (AP4) 2024.0.164 2024.0.164 2026-02-28 2026-02-28 2025-03-01 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 14631483 2025-03-01 2026-02-28 14631483 2024-03-01 2025-02-28 14631483 2026-02-28 14631483 2025-02-28 14631483 2024-03-01 14631483 c:Director1 2025-03-01 2026-02-28 14631483 d:FreeholdInvestmentProperty 2026-02-28 14631483 d:FreeholdInvestmentProperty 2025-02-28 14631483 d:CurrentFinancialInstruments 2026-02-28 14631483 d:CurrentFinancialInstruments 2025-02-28 14631483 d:Non-currentFinancialInstruments 2026-02-28 14631483 d:Non-currentFinancialInstruments 2025-02-28 14631483 d:CurrentFinancialInstruments d:WithinOneYear 2026-02-28 14631483 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 14631483 d:Non-currentFinancialInstruments d:AfterOneYear 2026-02-28 14631483 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 14631483 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2026-02-28 14631483 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-02-28 14631483 d:ShareCapital 2026-02-28 14631483 d:ShareCapital 2025-02-28 14631483 d:ShareCapital 2024-03-01 14631483 d:SharePremium 2026-02-28 14631483 d:SharePremium 2025-02-28 14631483 d:SharePremium 2024-03-01 14631483 d:RetainedEarningsAccumulatedLosses 2025-03-01 2026-02-28 14631483 d:RetainedEarningsAccumulatedLosses 2026-02-28 14631483 d:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 14631483 d:RetainedEarningsAccumulatedLosses 2025-02-28 14631483 d:RetainedEarningsAccumulatedLosses 2024-03-01 14631483 c:FRS102 2025-03-01 2026-02-28 14631483 c:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 14631483 c:FullAccounts 2025-03-01 2026-02-28 14631483 c:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 14631483 2 2025-03-01 2026-02-28 14631483 e:PoundSterling 2025-03-01 2026-02-28 iso4217:GBP xbrli:pure

Registered number: 14631483 LIPMAN LEGACY LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 28 FEBRUARY 2026
LIPMAN LEGACY LIMITED REGISTERED NUMBER: 14631483 BALANCE SHEET AS AT 28 FEBRUARY 2026
| 2026 | 2025
Note | £ | £
Fixed assets |  |  |
Investment property | 4 | 24,105,000 | 24,105,000
Current assets |  |  |
Debtors: amounts falling due within one year | 5 | 62,723 | 35,773
Cash at bank and in hand | 6 | 1,272,392 | 1,028,640
|  | 1,335,115 | 1,064,413
Creditors: amounts falling due within one year | 7 | (972,766) | (1,063,226)
Net current assets |  | 362,349 | 1,187
Creditors: amounts falling due after more than one year | 8 | (8,650,000) | (8,650,000)
Net assets |  | 15,817,349 | 15,456,187
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Share premium account |  | 14,819,496 | 14,819,496
Profit and loss account |  | 997,753 | 636,591
|  | 15,817,349 | 15,456,187
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 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 3 July 2026.
................................................ Errol Lipman
Director
The notes on pages 3 to 8 form part of these financial statements. Page 1
LIPMAN LEGACY LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2026
| Called up share capital | Share premium account | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 March 2024 | 100 | 14,819,496 | 269,720 | 15,089,316
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 366,871 | 366,871
At 1 March 2025 | 100 | 14,819,496 | 636,591 | 15,456,187
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 361,162 | 361,162
At 28 February 2026 | 100 | 14,819,496 | 997,753 | 15,817,349
| The notes on pages 3 to 8 form part of these financial statements.
Page 2
LIPMAN LEGACY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
1. | General information
Lipman Legacy Limited is a private company limited by share capital, incorporated in England and Wales, registration number 14631483. The address of the registered office is The Grange Barn, Pikes End, Pinner, England, HA5 2EX. 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 as the director believes adequate resources exist to enable it to meet its working capital requirements for at least the next twelve months.
| 2.3 | 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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
LIPMAN LEGACY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | 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.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
LIPMAN LEGACY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.8 | Taxation
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.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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. Page 5
LIPMAN LEGACY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.13 | 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. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. 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. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2025 - 2).
Page 6
LIPMAN LEGACY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 March 2025 | 24,105,000
| At 28 February 2026 | 24,105,000
5. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other debtors | 62,723 | 35,773
|  | 62,723 | 35,773
6. | Cash and cash equivalents
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,272,392 | 1,028,640
|  | 1,272,392 | 1,028,640
Page 7
LIPMAN LEGACY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 7,149 | 10,100
| Corporation tax | 120,389 | 122,222
| Other creditors | 795,519 | 869,914
| Accruals and deferred income | 49,709 | 60,990
|  | 972,766 | 1,063,226
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | 8,650,000 | 8,650,000
|  | 8,650,000 | 8,650,000
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Bank loans | 8,650,000 | 8,650,000
|  | 8,650,000 | 8,650,000
| The Company has fixed and floating charge with the lender, Investec Bank (Channel Islands) Ltd.
10. | Related party transactions
| Included in creditors falling due within a year is an amount of £746,583 (2025: £843,687) owed to the directors, Errol Lipman and Lisa Lipman, in respect of expenses incurred on behalf of the company. This loan is interest free and is payable on demand.
Page 8