Caseware UK (AP4) 2025.0.111 2025.0.111 false false 2025-01-01 false No description of principal activity 1 0 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15780686 2025-01-01 2025-12-31 15780686 2024-06-15 2024-12-31 15780686 2025-12-31 15780686 2024-12-31 15780686 c:Director2 2025-01-01 2025-12-31 15780686 d:Buildings 2025-01-01 2025-12-31 15780686 d:Buildings 2025-12-31 15780686 d:Buildings 2024-12-31 15780686 d:Buildings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 15780686 d:PlantMachinery 2025-01-01 2025-12-31 15780686 d:PlantMachinery 2025-12-31 15780686 d:PlantMachinery 2024-12-31 15780686 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 15780686 d:FurnitureFittings 2025-01-01 2025-12-31 15780686 d:FurnitureFittings 2025-12-31 15780686 d:FurnitureFittings 2024-12-31 15780686 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 15780686 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 15780686 d:FreeholdInvestmentProperty 2025-01-01 2025-12-31 15780686 d:FreeholdInvestmentProperty 2025-12-31 15780686 d:FreeholdInvestmentProperty 2024-12-31 15780686 d:FreeholdInvestmentProperty 2 2025-01-01 2025-12-31 15780686 d:CurrentFinancialInstruments 2025-12-31 15780686 d:CurrentFinancialInstruments 2024-12-31 15780686 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 15780686 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15780686 d:ShareCapital 2025-12-31 15780686 d:ShareCapital 2024-12-31 15780686 d:RevaluationReserve 2025-12-31 15780686 d:RevaluationReserve 2024-12-31 15780686 d:RetainedEarningsAccumulatedLosses 2025-12-31 15780686 d:RetainedEarningsAccumulatedLosses 2024-12-31 15780686 c:FRS102 2025-01-01 2025-12-31 15780686 c:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 15780686 c:FullAccounts 2025-01-01 2025-12-31 15780686 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 15780686 5 2025-01-01 2025-12-31 15780686 f:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 15780686 The Place TAC (Alton) Ltd Unaudited Financial statements Information for filing with the registrar For the year ended 31 December 2025
The Place TAC (Alton) Ltd Accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of The Place TAC (Alton) Ltd for the period ended 31 December 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Place TAC (Alton) Ltd for the year ended 31 December 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of directors of The Place TAC (Alton) Ltd, as a body, in accordance with the terms of our engagement letter dated 20 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of The Place TAC (Alton) Ltd and state those matters that we have agreed to state to the Board of directors of The Place TAC (Alton) Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Place TAC (Alton) Ltd and its Board of directors, as a body, for our work or for this report. It is your duty to ensure that The Place TAC (Alton) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Place TAC (Alton) Ltd. You consider that The Place TAC (Alton) Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of The Place TAC (Alton) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Kreston Reeves LLP 9 Donnington Park 85 Birdham Road Chichester West Sussex PO20 7AJ 20 August 2026 Page 1
The Place TAC (Alton) Ltd Registered number: 15780686 Balance sheet As at 31 December 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 8,755,589 |  | 4,230,483
Investment property | 5 |  | 893,293 |  | 672,844
|  |  | 9,648,882 |  | 4,903,327
Current assets |  |  |  |  |
Stocks | 6 | 2,910 |  | - |
Debtors: amounts falling due within one year | 7 | 749 |  | 2,397 |
|  | 3,659 |  | 2,397 |
Creditors: amounts falling due within one year | 8 | (6,227,398) |  | (4,921,310) |
Net current liabilities |  |  | (6,223,739) |  | (4,918,913)
Total assets less current liabilities |  |  | 3,425,143 |  | (15,586)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (877,644) |  | - |
|  |  | (877,644) |  | -
Net assets/(liabilities) |  |  | 2,547,499 |  | (15,586)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve |  |  | 2,921,057 |  | -
Profit and loss account |  |  | (373,658) |  | (15,686)
|  |  | 2,547,499 |  | (15,586)
Page 2
The Place TAC (Alton) Ltd Registered number: 15780686 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 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 by:
D Bezalel
Director
Date: 20 August 2026
The notes on pages 4 to 11 form part of these financial statements. Page 3
The Place TAC (Alton) Ltd Notes to the financial statements For the year ended 31 December 2025
1. | General information
The Company is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is: 27 Old Gloucester Street London WC1N 3AX The address of the principal place of business is: Turner House 9-10 Mill Lane Alton GU24 2QG 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
Management has assessed the going concern basis for a period of at least 12 months from the date the financial statements are authorised for issue. This assessment includes consideration of cash flow forecasts, revenue projections, and significant liabilities, with the Company being supported by the group through financial support. Currently, there are no specific risks identified that could impact the going concern assumption. Management plans to ensure positive cash flows and reserves once the self-storage units are fully operational. Based on these factors, the financial statements have been prepared on the going concern basis. Page 4
The Place TAC (Alton) Ltd Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 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: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. 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 | 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. Page 5
The Place TAC (Alton) Ltd Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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. Land is not depreciated. 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:
|  |  |  | Freehold property | - | over 50 years
|  |  |  | Plant and machinery | - | over 3 years
|  |  |  | Fixtures and fittings | - | over 3 years
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 6
The Place TAC (Alton) Ltd Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.7 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.8 | Investment property
Investment property is carried at fair value determined annually by the internal group 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.
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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 | 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.
| 2.12 | 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. Page 7
The Place TAC (Alton) Ltd Notes to the financial statements For the year ended 31 December 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
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. 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 0).
Page 8
The Place TAC (Alton) Ltd Notes to the financial statements For the year ended 31 December 2025
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2025 | 4,230,483 | - | - | 4,230,483
| Additions | 817,548 | 4,889 | 3,325 | 825,762
| Revaluations | 3,776,482 | - | - | 3,776,482
| At 31 December 2025 | 8,824,513 | 4,889 | 3,325 | 8,832,727
| Depreciation |  |  |  |
| Charge for the year on owned assets | 76,157 | 793 | 188 | 77,138
| At 31 December 2025 | 76,157 | 793 | 188 | 77,138
| Net book value |  |  |  |
| At 31 December 2025 | 8,748,356 | 4,096 | 3,137 | 8,755,589
| At 31 December 2024 | 4,230,483 | - | - | 4,230,483
| The Company's freehold land and buildings, and freehold investment property, were valued at a combined valuation of £9,430,000 as at 30 June 2025. The valuation was undertaken by Savills (UK) Limited, qualified under the Royal Institution of Chartered Surveyors. The directors consider the appropriate split of the combined valuation at this date to be £8,581,300 for freehold land and buildings and £848,700 for investment property. The value of the Company's freehold land and building was assessed at 31 December 2025 by the internal group valuer Mr A Birkett MRICS. The basis of this valuation was open market value for existing use. It was concluded that the carrying value of £8,748,356 at 31 December 2025 does not materially differ from the fair value at the end of the period. Had this class of asset been measured on a historic cost basis, the aggregate cost would have been £5,048,031 (2024 - £4,230,483), accumulated depreciation would have been £38,392 (2024 - £nil) and the carrying amount would have been £5,009,639 (2024 - £4,230,483).
Page 9
The Place TAC (Alton) Ltd Notes to the financial statements For the year ended 31 December 2025
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2025 | 672,844
| Additions at cost | 160,465
| Surplus on revaluation | 59,984
| At 31 December 2025 | 893,293
The Company's freehold land and buildings, and freehold investment property, were valued at a combined valuation of £9,430,000 as at 30 June 2025. The valuation was undertaken by Savills (UK) Limited, qualified under the Royal Institution of Chartered Surveyors. The directors consider the appropriate split of the combined valuation at this date to be £8,581,300 for freehold land and buildings and £848,700 for investment property. The value of the Company's investment property was assessed at 31 December 2025 by the internal group valuer Mr A Birkett MRICS. The basis of this valuation was open market value basis. It was concluded that the carrying value of £893,293 at 31 December 2025 does not materially differ from the fair value at the end of the period.
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 2,910 | -
|  | 2,910 | -
Page 10
The Place TAC (Alton) Ltd Notes to the financial statements For the year ended 31 December 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 749 | 2,397
|  | 749 | 2,397
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 6,226,018 | 4,347,007
| Other creditors | - | 450,000
| Accruals and deferred income | 1,380 | 124,303
|  | 6,227,398 | 4,921,310
9. | Related party transactions
| The company has taken advantage of the exemption provided by section 1AC.35 of FRS 102 to not disclose related party transactions undertaken under normal market conditions.
10. | Controlling party
The Company's immediate parent undertaking is TAC UK Storage Holding Ltd, a company incorporated in the United Kingdom.
Page 11