Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-28truetrueNo description of principal activity2021-03-01false11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07271558 2021-03-01 2022-02-28 07271558 2020-03-01 2021-02-28 07271558 2022-02-28 07271558 2021-02-28 07271558 c:Director1 2021-03-01 2022-02-28 07271558 d:PlantMachinery 2021-03-01 2022-02-28 07271558 d:PlantMachinery 2022-02-28 07271558 d:PlantMachinery 2021-02-28 07271558 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 07271558 d:ComputerEquipment 2021-03-01 2022-02-28 07271558 d:ComputerEquipment 2022-02-28 07271558 d:ComputerEquipment 2021-02-28 07271558 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 07271558 d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 07271558 d:FreeholdInvestmentProperty 2022-02-28 07271558 d:FreeholdInvestmentProperty 2021-02-28 07271558 d:CurrentFinancialInstruments 2022-02-28 07271558 d:CurrentFinancialInstruments 2021-02-28 07271558 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07271558 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 07271558 d:ShareCapital 2022-02-28 07271558 d:ShareCapital 2021-02-28 07271558 d:RetainedEarningsAccumulatedLosses 2022-02-28 07271558 d:RetainedEarningsAccumulatedLosses 2021-02-28 07271558 c:FRS102 2021-03-01 2022-02-28 07271558 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 07271558 c:FullAccounts 2021-03-01 2022-02-28 07271558 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 07271558 2 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 07271558










GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2022

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
REGISTERED NUMBER:07271558

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 3 
476
-

Investments
 4 
-
39,323

Investment property
 5 
250,000
250,000

  
250,476
289,323

Current assets
  

Stocks
  
237,804
288,937

Debtors: amounts falling due within one year
 6 
1,610
2,312

Cash at bank and in hand
  
152,436
1,171

  
391,850
292,420

Creditors: amounts falling due within one year
 7 
(300,129)
(206,545)

Net current assets
  
 
 
91,721
 
 
85,875

Total assets less current liabilities
  
342,197
375,198

  

Net assets
  
342,197
375,198


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
342,097
375,098

  
342,197
375,198


The director considers 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 director acknowledges his 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 income statement in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
REGISTERED NUMBER:07271558
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2022


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2022.




................................................
R Claxton
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1.


General information

Great Yarmouth Property Services (Holdings) Limited is a private company limited by shares and incorporated in England and Wales, registered number 07271558. The registered office is King Street House, 15 Upper King Street, Norwich, NR3 1RB

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

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.4

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 reporting date in the countries where the Company operates and generates income.

 
2.5

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:

Plant & machinery
-
25% Straight Line
Computer equipment
-

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.

 
2.6

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.7

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 4

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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

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.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

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.

Page 5

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

3.


Tangible fixed assets





Plant & machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2021
6,000
-
6,000


Additions
-
635
635



At 28 February 2022

6,000
635
6,635



Depreciation


At 1 March 2021
6,000
-
6,000


Charge for the year on owned assets
-
159
159



At 28 February 2022

6,000
159
6,159



Net book value



At 28 February 2022
-
476
476



At 28 February 2021
-
-
-


4.


Fixed asset investments





Investments in associates

£





At 1 March 2021
39,323


Amounts written off
(39,323)



At 28 February 2022
-




Page 6

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

5.


Investment property


Freehold investment property

£



Valuation


At 1 March 2021
250,000



At 28 February 2022
250,000

The 2022 valuations were made by the directors, on an open market value for existing use basis.




Page 7

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

6.


Debtors

2022
2021
£
£


Trade debtors
1,500
2,312

Other debtors
110
-

1,610
2,312



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
-
3,428

Amounts owed to associates
71,940
-

Corporation tax
4,303
3,432

Other taxation and social security
-
315

Other creditors
221,636
197,220

Accruals and deferred income
2,250
2,150

300,129
206,545


 
Page 8