Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01Investment property11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue 09740132 2022-04-01 2023-03-31 09740132 2021-04-01 2022-03-31 09740132 2023-03-31 09740132 2022-03-31 09740132 c:Director1 2022-04-01 2023-03-31 09740132 d:FurnitureFittings 2022-04-01 2023-03-31 09740132 d:FurnitureFittings 2023-03-31 09740132 d:FurnitureFittings 2022-03-31 09740132 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09740132 d:FreeholdInvestmentProperty 2023-03-31 09740132 d:FreeholdInvestmentProperty 2022-03-31 09740132 d:CurrentFinancialInstruments 2023-03-31 09740132 d:CurrentFinancialInstruments 2022-03-31 09740132 d:Non-currentFinancialInstruments 2023-03-31 09740132 d:Non-currentFinancialInstruments 2022-03-31 09740132 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09740132 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09740132 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09740132 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09740132 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09740132 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09740132 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 09740132 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 09740132 d:ShareCapital 2023-03-31 09740132 d:ShareCapital 2022-03-31 09740132 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 09740132 d:OtherMiscellaneousReserve 2023-03-31 09740132 d:OtherMiscellaneousReserve 2022-03-31 09740132 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09740132 d:RetainedEarningsAccumulatedLosses 2023-03-31 09740132 d:RetainedEarningsAccumulatedLosses 2022-03-31 09740132 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09740132 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09740132 c:FRS102 2022-04-01 2023-03-31 09740132 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09740132 c:FullAccounts 2022-04-01 2023-03-31 09740132 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09740132 2 2022-04-01 2023-03-31 09740132 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09740132










GOLDFISH INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
GOLDFISH INVESTMENTS LIMITED
REGISTERED NUMBER: 09740132

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,920
315

Investment property
 5 
1,994,687
1,994,687

  
1,996,607
1,995,002

Current assets
  

Debtors: amounts falling due within one year
 6 
12,762
430

Cash at bank and in hand
  
54,347
17,167

  
67,109
17,597

Creditors: amounts falling due within one year
 7 
(956,699)
(932,720)

Net current liabilities
  
 
 
(889,590)
 
 
(915,123)

Total assets less current liabilities
  
1,107,017
1,079,879

Creditors: amounts falling due after more than one year
 8 
(1,009,800)
(960,000)

Provisions for liabilities
  

Deferred tax
  
(14,724)
(14,724)

  
 
 
(14,724)
 
 
(14,724)

Net assets
  
82,493
105,155


Capital and reserves
  

Called up share capital 
  
1
1

Other reserves
 11 
188,537
188,537

Profit and loss account
 11 
(106,045)
(83,383)

  
82,493
105,155


Page 1

 
GOLDFISH INVESTMENTS LIMITED
REGISTERED NUMBER: 09740132
    
BALANCE SHEET (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: 




R Sedaghat
Director
Date: 21 December 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GOLDFISH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Goldfish Investments Limited (09740132) is a private company limited by shares and incorporated in England and Wales. The registered office address is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 consists of rental income and is recognised to the extent that is it probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue consists of rental income and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxed. 

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
GOLDFISH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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:

Fixtures and fittings
-
Over 5 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.

 
2.8

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

 
GOLDFISH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Page 5

 
GOLDFISH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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

Page 6

 
GOLDFISH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 April 2022
2,952


Additions
2,347



At 31 March 2023

5,299



Depreciation


At 1 April 2022
2,637


Charge for the year on owned assets
742



At 31 March 2023

3,379



Net book value



At 31 March 2023
1,920



At 31 March 2022
315

Page 7

 
GOLDFISH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
1,994,687



At 31 March 2023
1,994,687

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
1,791,426
1,791,426

1,791,426
1,791,426


6.


Debtors

2023
2022
£
£


Prepayments and accrued income
12,762
430



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
948,016
926,414

Accruals and deferred income
8,683
6,306

956,699
932,720


Page 8

 
GOLDFISH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,009,800
960,000


The loan of £1,009,800 (2022: £960,000) is secured against the assets of the Company.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Bank loans
-
960,000

Amounts falling due after more than 5 years

Bank loans
1,009,800
-

1,009,800
-

1,009,800
960,000


Page 9

 
GOLDFISH INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Deferred taxation




2023


£






At beginning of year
(14,724)



At end of year
(14,724)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Unreliased gain on property
(14,724)
(14,724)

(14,724)
(14,724)


11.


Reserves

Other reserves

The other reserves are the unrealised gains on the revaluation of the investment property, net of the estimated deferred tax.

Profit and loss account

The profit and loss account consists of the accumulated profit and losses.


12.Director's personal guarantees

The Company's director has given a personal guarantee of £1,009,800 (2022 - £960,000) in respect of the Company's bank loan.

 
Page 10