Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312380000238000012022-04-01falseThe principal activity of the company continued to be that of the holding of investment property andinvestment research.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07178076 2022-04-01 2023-03-31 07178076 2021-04-01 2022-03-31 07178076 2023-03-31 07178076 2022-03-31 07178076 c:Director1 2022-04-01 2023-03-31 07178076 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 07178076 d:PlantMachinery 2022-04-01 2023-03-31 07178076 d:PlantMachinery 2023-03-31 07178076 d:PlantMachinery 2022-03-31 07178076 d:FreeholdInvestmentProperty 2023-03-31 07178076 d:FreeholdInvestmentProperty 2022-03-31 07178076 d:LeaseholdInvestmentProperty 2023-03-31 07178076 d:LeaseholdInvestmentProperty 2022-03-31 07178076 d:CurrentFinancialInstruments 2023-03-31 07178076 d:CurrentFinancialInstruments 2022-03-31 07178076 d:Non-currentFinancialInstruments 2023-03-31 07178076 d:Non-currentFinancialInstruments 2022-03-31 07178076 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07178076 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07178076 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07178076 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07178076 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07178076 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 07178076 d:ShareCapital 2023-03-31 07178076 d:ShareCapital 2022-03-31 07178076 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07178076 d:RetainedEarningsAccumulatedLosses 2023-03-31 07178076 d:RetainedEarningsAccumulatedLosses 2022-03-31 07178076 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07178076 c:OrdinaryShareClass1 2023-03-31 07178076 c:FRS102 2022-04-01 2023-03-31 07178076 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07178076 c:FullAccounts 2022-04-01 2023-03-31 07178076 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07178076 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07178076














GROUSE ADVISORY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
GROUSE ADVISORY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
GROUSE ADVISORY LIMITED
REGISTERED NUMBER:07178076

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
698,051
651,113

Investment property
 6 
1,190,000
1,190,000

  
1,888,051
1,841,113

Current assets
  

Debtors: amounts falling due within one year
 7 
500
118,384

Cash at bank and in hand
  
34,343
69,252

  
34,843
187,636

  

Creditors: amounts falling due within one year
 8 
(1,314,234)
(1,361,612)

Net current liabilities
  
 
 
(1,279,391)
 
 
(1,173,976)

Total assets less current liabilities
  
608,660
667,137

Creditors: amounts falling due after more than one year
 9 
(64,610)
(106,225)

  

Net assets
  
544,050
560,912


Capital and reserves
  

Called up share capital 
 11 
10,000
10,000

Profit and loss account
 12 
534,050
550,912

  
544,050
560,912


Page 1

 
GROUSE ADVISORY LIMITED
REGISTERED NUMBER:07178076
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 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: 




P Howlett
Director

Date: 16 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GROUSE ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Grouse Advisory Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company continued to be that of the holding of investment property and investment research.

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

Turnover

Turnover comprises amounts chargeable in respect of the sale of services and rent from investment property during the year.

 
2.3

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 provided on the following basis:

Long-term leasehold property
-
Not depreciated
Plant and machinery
-
25% 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 the Statement of Comprehensive Income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director 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 the Statement of Comprehensive Income.

 
2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 
GROUSE ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

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.

 
2.10

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.

 
2.11

Borrowing costs

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

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
GROUSE ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
3,549



At 31 March 2023

3,549



Depreciation


At 1 April 2022
3,549



At 31 March 2023

3,549



Net book value



At 31 March 2023
-



At 31 March 2022
-


5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2022
651,113
-
651,113


Additions
-
100,025
100,025


Disposals
(56,198)
-
(56,198)


Revaluations
3,111
-
3,111



At 31 March 2023
598,026
100,025
698,051




Page 5

 
GROUSE ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2022
-
1,190,000
1,190,000



At 31 March 2023
-
1,190,000
1,190,000

The 2023 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
998,363
998,363


7.


Debtors

2023
2022
£
£


Other debtors
500
118,384



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
476

Bank loans
46,865
44,661

Taxation
1,232
17,679

Other creditors
1,261,177
1,294,136

Accruals and deferred income
4,960
4,660

1,314,234
1,361,612


Page 6

 
GROUSE ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
64,610
106,225



10.


Loans


2023
2022
£
£

Amounts falling due within one year

Bank loans
46,865
44,661


Amounts falling due 2-5 years

Bank loans
64,610
106,225


111,475
150,886



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £100 each
10,000
10,000



12.


Reserves

Profit and loss account

Included in profit & loss reserves are revaluation surplus accounting to £191,637 (2022 - £191,637) which are not distributable.

 
Page 7