Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-08-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09212859 2022-08-01 2023-07-31 09212859 2021-08-01 2022-07-31 09212859 2023-07-31 09212859 2022-07-31 09212859 c:Director2 2022-08-01 2023-07-31 09212859 d:FurnitureFittings 2022-08-01 2023-07-31 09212859 d:FurnitureFittings 2023-07-31 09212859 d:FurnitureFittings 2022-07-31 09212859 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09212859 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 09212859 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-31 09212859 d:Goodwill 2023-07-31 09212859 d:Goodwill 2022-07-31 09212859 d:CurrentFinancialInstruments 2023-07-31 09212859 d:CurrentFinancialInstruments 2022-07-31 09212859 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09212859 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09212859 d:ShareCapital 2023-07-31 09212859 d:ShareCapital 2022-07-31 09212859 d:RetainedEarningsAccumulatedLosses 2023-07-31 09212859 d:RetainedEarningsAccumulatedLosses 2022-07-31 09212859 c:OrdinaryShareClass1 2022-08-01 2023-07-31 09212859 c:OrdinaryShareClass1 2023-07-31 09212859 c:FRS102 2022-08-01 2023-07-31 09212859 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09212859 c:FullAccounts 2022-08-01 2023-07-31 09212859 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09212859 d:EntityControlledByKeyManagementPersonnel1 2022-08-01 2023-07-31 09212859 d:EntityControlledByKeyManagementPersonnel1 2023-07-31 09212859 2 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09212859









GANI & CO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
GANI & CO LIMITED
REGISTERED NUMBER: 09212859

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023


2023

2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
3,356
8,985

  
3,356
8,985

Current assets
  

Debtors: amounts falling due within one year
 6 
5,186,448
4,372,944

Cash at bank and in hand
 7 
641,454
516,493

  
5,827,902
4,889,437

Creditors: amounts falling due within one year
 8 
(4,308,436)
(3,560,470)

Net current assets
  
 
 
1,519,466
 
 
1,328,967

  

Net assets
  
1,522,822
1,337,952


Capital and reserves
  

Called up share capital 
 9 
10,000
10,000

Profit and loss account
  
1,512,822
1,327,952

  
1,522,822
1,337,952


Page 1

 
GANI & CO LIMITED
REGISTERED NUMBER: 09212859
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

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 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 19 April 2024.



N A Gani
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GANI & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Gani & Co Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 1 Commonside West, Mitcham, Surrey, CR4 4HA.
The company specialises in property management.

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 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.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Goodwill has an estimated useful life of 3 years and other intangible assets are estimated to have a useful life of 5 years.

Page 3

 
GANI & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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 & fittings
-
20%
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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 4

 
GANI & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income 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.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Taxation

Tax is recognised in the Statement of comprehensive income 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 5 (2022 - 5).

Page 5

 
GANI & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Intangible assets




Other intangible assets
Goodwill
Total

£
£
£



Cost


At 1 August 2022
4,030
40,000
44,030



At 31 July 2023

4,030
40,000
44,030



Amortisation


At 1 August 2022
4,030
40,000
44,030



At 31 July 2023

4,030
40,000
44,030



Net book value



At 31 July 2023
-
-
-



At 31 July 2022
-
-
-



Page 6

 
GANI & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 August 2022
28,743


Additions
149



At 31 July 2023

28,892



Depreciation


At 1 August 2022
19,758


Charge for the year
5,778



At 31 July 2023

25,536



Net book value



At 31 July 2023
3,356



At 31 July 2022
8,985


6.


Debtors

2023
2022
£
£


Other debtors
5,186,448
4,372,944



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
641,454
516,493


Page 7

 
GANI & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
72,192
47,688

Other taxation and social security
8,225
4,314

Other creditors
4,222,035
3,505,054

Accruals and deferred income
5,984
3,414

4,308,436
3,560,470



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 Ordinary shares of £1 each
10,000
10,000



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,699 (2022 - £3,699).


11.


Related party transactions

Included within debtors due within one year are loans due from companies under common control amounting to £3,944,859  (2022 - £4,372,944).
 
Included within creditors due within one year are loans due to companies under common control amounting to £1,160,000  (2022 - £Nil).
 
Included within other creditors is an amount owed to directors totaling £1,218,570 (2022 - £2,687,762). There is no interest accruing or receivable on this loan.
 
During the year, the company paid rent of £33,000 (2022 - £30,000) to companies under common control.
 
During the year, the company paid charitable donations of £Nil (2022 - £21,000) to a charity with trustees who are also directors of the company.
 


12.


Controlling party

The company is jointly controlled by N A Gani and R N Gani, who are directors of the company.
 
Page 8