Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-08-01falseNo description of principal activity12truefalse 11462499 2022-08-01 2023-07-31 11462499 2021-08-01 2022-07-31 11462499 2023-07-31 11462499 2022-07-31 11462499 2021-08-01 11462499 c:Director1 2022-08-01 2023-07-31 11462499 d:OfficeEquipment 2022-08-01 2023-07-31 11462499 d:OfficeEquipment 2023-07-31 11462499 d:OfficeEquipment 2022-07-31 11462499 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 11462499 d:CurrentFinancialInstruments 2023-07-31 11462499 d:CurrentFinancialInstruments 2022-07-31 11462499 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 11462499 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 11462499 d:ShareCapital 2022-08-01 2023-07-31 11462499 d:ShareCapital 2023-07-31 11462499 d:ShareCapital 2021-08-01 2022-07-31 11462499 d:ShareCapital 2022-07-31 11462499 d:ShareCapital 2021-08-01 11462499 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 11462499 d:RetainedEarningsAccumulatedLosses 2023-07-31 11462499 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 11462499 d:RetainedEarningsAccumulatedLosses 2022-07-31 11462499 d:RetainedEarningsAccumulatedLosses 2021-08-01 11462499 c:OrdinaryShareClass1 2022-08-01 2023-07-31 11462499 c:OrdinaryShareClass1 2023-07-31 11462499 c:OrdinaryShareClass1 2022-07-31 11462499 c:OrdinaryShareClass2 2022-08-01 2023-07-31 11462499 c:OrdinaryShareClass2 2023-07-31 11462499 c:OrdinaryShareClass2 2022-07-31 11462499 c:FRS102 2022-08-01 2023-07-31 11462499 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11462499 c:FullAccounts 2022-08-01 2023-07-31 11462499 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11462499 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11462499






GLOBAL REAL ESTATE AND INVESTMENTS LTD

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2023

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
REGISTERED NUMBER: 11462499

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
365
557

  
365
557

Current assets
  

Debtors: amounts falling due within one year
 5 
4,388
-

Cash at bank and in hand
 6 
21
18,849

  
4,409
18,849

Creditors: amounts falling due within one year
 7 
(13,224)
(11,040)

Net current (liabilities)/assets
  
 
 
(8,815)
 
 
7,809

Total assets less current liabilities
  
(8,450)
8,366

  

Net (liabilities)/assets
  
(8,450)
8,366


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
(8,550)
8,266

  
(8,450)
8,366


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.

Page 1

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
REGISTERED NUMBER: 11462499
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

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 on 5 March 2024.



T Braasch
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2022
100
8,266
8,366


Comprehensive income for the year

Loss for the year
-
(16,816)
(16,816)
Total comprehensive income for the year
-
(16,816)
(16,816)


Total transactions with owners
-
-
-


At 31 July 2023
100
(8,550)
(8,450)


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2021
100
3,707
3,807


Comprehensive income for the year

Profit for the year
-
17,059
17,059
Total comprehensive income for the year
-
17,059
17,059


Contributions by and distributions to owners

Dividends: Equity capital
-
(12,500)
(12,500)


Total transactions with owners
-
(12,500)
(12,500)


At 31 July 2022
100
8,266
8,366


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies

 
1.1

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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:

 
1.2

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:

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.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.4

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.

Page 5

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

 
1.5

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.

 
1.6

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.

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:

Office equipment
-
33%

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.

 
1.7

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.

 
1.8

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.

 
1.9

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.

Page 6

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

 
1.10

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

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.

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.

 
1.11

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 7

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees

2023
2022
£
£

Wages and salaries
9,100
11,787

9,100
11,787


The average monthly number of employees, including directors, during the year was 1 (2022 - 2).

Page 8

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2022
576



At 31 July 2023

576



Depreciation


At 1 August 2022
19


Charge for the year on owned assets
192



At 31 July 2023

211



Net book value



At 31 July 2023
365



At 31 July 2022
557


5.


Debtors

2023
2022
£
£


Other debtors
4,388
-

4,388
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
21
18,849

21
18,849


Page 9

 
GLOBAL REAL ESTATE AND INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
9,866
9,025

Other creditors
2,158
815

Accruals and deferred income
1,200
1,200

13,224
11,040



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary shares of £1.00 each
50
50
50 (2022 - 50) Ordinary A shares of £1.00 each
50
50

100

100



9.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
Page 10