Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01false2managing subsidiary company2falsetrue 11700905 2022-06-01 2023-05-31 11700905 2021-06-01 2022-05-31 11700905 2023-05-31 11700905 2022-05-31 11700905 c:Director1 2022-06-01 2023-05-31 11700905 d:Buildings 2022-06-01 2023-05-31 11700905 d:Buildings 2023-05-31 11700905 d:Buildings 2022-05-31 11700905 d:CurrentFinancialInstruments 2023-05-31 11700905 d:CurrentFinancialInstruments 2022-05-31 11700905 d:Non-currentFinancialInstruments 2023-05-31 11700905 d:Non-currentFinancialInstruments 2022-05-31 11700905 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11700905 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11700905 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 11700905 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 11700905 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 11700905 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 11700905 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 11700905 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 11700905 d:ShareCapital 2023-05-31 11700905 d:ShareCapital 2022-05-31 11700905 d:RetainedEarningsAccumulatedLosses 2023-05-31 11700905 d:RetainedEarningsAccumulatedLosses 2022-05-31 11700905 c:FRS102 2022-06-01 2023-05-31 11700905 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11700905 c:FullAccounts 2022-06-01 2023-05-31 11700905 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Registered number: 11700905





 
GR8 Capital Limited          
 
Financial statements          

For the Year Ended 31 May 2023          

 
GR8 Capital Limited
Registered number:11700905

Balance Sheet
As at 31 May 2023


2023

2022
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
2,433,030
1,073,251

Current assets
  

Debtors
 5 
21,374
65,674

Cash at bank and in hand
 6 
15,886
742,589

  
37,260
808,263

Creditors: amounts falling due within one year
 7 
(1,829,652)
(1,850,453)

Net current liabilities
  
 
 
(1,792,392)
 
 
(1,042,190)

Creditors: amounts falling due after more than one year
 8 
(639,466)
(29,753)

  

Net assets
  
1,172
1,308


Capital and reserves
  

Called up share capital 
  
900
900

Profit and loss account
  
272
408

  
1,172
1,308


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 statement of income and retained earnings 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 September 2023.




Joshua Albert Thompson
Director


The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
GR8 Capital Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2023

1.


General information

GR8 Capital Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, United Kingdom, SS11 7HQ.

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

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

 
2.5

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.

 
2.6

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.
Freehold property is not depreciated. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.





Page 2

 
GR8 Capital Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost 


At 1 June 2022
1,073,251


Additions
1,359,779



At 31 May 2023

2,433,030






Net book value



At 31 May 2023
2,433,030



At 31 May 2022
1,073,251

Page 3

 
GR8 Capital Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
3,266

Other debtors
21,374
62,408

21,374
65,674



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,886
742,589



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,503
10,249

Trade creditors
2,100
500

Amounts owed to group undertakings
534
-

Other creditors
1,815,515
1,839,204

Accruals and deferred income
1,000
500

1,829,652
1,850,453



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,466
29,753

Other loans
620,000
-

639,466
29,753


Page 4

 
GR8 Capital Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,503
10,249

Amounts falling due 1-2 years

Bank loans
10,769
10,509

Other loans
620,000
-

Amounts falling due 2-5 years

Bank loans
8,698
19,244


649,970
40,002


The bank loan is unsecured, is payable by 60 monthly installments commencing 30 June 2021 and carries fixed
interest at the rate of 2.5% per annum. 


10.


Related party transactions

At the balance sheet date the company owed £534 (2022 - £3,266 debtor) to its subsidiary company, GR8 Tool Hire Limited. No interest was charged on this loan during the year.

 
Page 5