Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-301falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-10-01falseNo description of principal activity2false 12867603 2022-10-01 2023-09-30 12867603 2021-10-01 2022-09-30 12867603 2023-09-30 12867603 2022-09-30 12867603 c:Director1 2022-10-01 2023-09-30 12867603 d:FreeholdInvestmentProperty 2023-09-30 12867603 d:FreeholdInvestmentProperty 2022-09-30 12867603 d:CurrentFinancialInstruments 2023-09-30 12867603 d:CurrentFinancialInstruments 2022-09-30 12867603 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12867603 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12867603 d:ShareCapital 2023-09-30 12867603 d:ShareCapital 2022-09-30 12867603 d:RetainedEarningsAccumulatedLosses 2023-09-30 12867603 d:RetainedEarningsAccumulatedLosses 2022-09-30 12867603 c:OrdinaryShareClass1 2022-10-01 2023-09-30 12867603 c:OrdinaryShareClass1 2023-09-30 12867603 c:OrdinaryShareClass1 2022-09-30 12867603 c:FRS102 2022-10-01 2023-09-30 12867603 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12867603 c:FullAccounts 2022-10-01 2023-09-30 12867603 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12867603 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12867603









GLOUCESTER 2020 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
GLOUCESTER 2020 LTD
REGISTERED NUMBER: 12867603

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property

 4 

415,804
415,804

Current assets
  

Debtors: amounts falling due within one year
 5 
164
417

Cash at bank and in hand
 6 
11,438
10,729

  
11,602
11,146

Creditors: amounts falling due within one year
 7 
(434,665)
(434,124)

Net liabilities
  
(7,259)
(7,174)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(7,359)
(7,274)

  
(7,259)
(7,174)


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 Company has opted not to file the profit and loss account 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.




................................................
Dr Ronan Philip Kelly
Director

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

Page 1

 
GLOUCESTER 2020 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Gloucester 2020 Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 12867603. The address of the registered office is Scorpius House, Park Lane, Teddington, England, TW11 0HY.

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 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:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Page 2

 
GLOUCESTER 2020 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 3

 
GLOUCESTER 2020 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


3.


Employees

2023
£

Wages and salaries
2,000

Social security costs
202

2,202


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


4.


Investment property


Investment property

£



Valuation


At 1 October 2022
415,804



At 30 September 2023
415,804





Page 4

 
GLOUCESTER 2020 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£

Other debtors
164
417

164
417



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,438
10,729

11,438
10,729



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
431,533
431,394

Accruals and deferred income
3,132
2,730

434,665
434,124



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

Included in other creditors at 30 September 2023, is an amount of £431,533 (2022: £431,394) owed to the director and shareholder Dr Ronan Philip Kelly in respect of investment property expenses incurred on behalf of the company. This loan is interest free and is repayable on demand.

 
Page 5