Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-09-01falseNo description of principal activity77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03587399 2022-09-01 2023-08-31 03587399 2021-09-01 2022-08-31 03587399 2023-08-31 03587399 2022-08-31 03587399 c:Director1 2022-09-01 2023-08-31 03587399 d:Buildings 2022-09-01 2023-08-31 03587399 d:Buildings 2023-08-31 03587399 d:Buildings 2022-08-31 03587399 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03587399 d:LandBuildings 2023-08-31 03587399 d:LandBuildings 2022-08-31 03587399 d:FurnitureFittings 2022-09-01 2023-08-31 03587399 d:FurnitureFittings 2023-08-31 03587399 d:FurnitureFittings 2022-08-31 03587399 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03587399 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 03587399 d:CurrentFinancialInstruments 2023-08-31 03587399 d:CurrentFinancialInstruments 2022-08-31 03587399 d:Non-currentFinancialInstruments 2023-08-31 03587399 d:Non-currentFinancialInstruments 2022-08-31 03587399 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03587399 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 03587399 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 03587399 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 03587399 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 03587399 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 03587399 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 03587399 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 03587399 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 03587399 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-08-31 03587399 d:ShareCapital 2023-08-31 03587399 d:ShareCapital 2022-08-31 03587399 d:RetainedEarningsAccumulatedLosses 2023-08-31 03587399 d:RetainedEarningsAccumulatedLosses 2022-08-31 03587399 c:FRS102 2022-09-01 2023-08-31 03587399 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 03587399 c:FullAccounts 2022-09-01 2023-08-31 03587399 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 03587399 d:OtherDeferredTax 2023-08-31 03587399 d:OtherDeferredTax 2022-08-31 iso4217:GBP xbrli:pure

Registered number: 03587399










G S & A INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
G S & A INVESTMENTS LIMITED
REGISTERED NUMBER: 03587399

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,100,138
2,100,276

  
2,100,138
2,100,276

Current assets
  

Cash at bank and in hand
 5 
2,259
3,886

  
2,259
3,886

Creditors: amounts falling due within one year
 6 
(483,095)
(470,624)

Net current liabilities
  
 
 
(480,836)
 
 
(466,738)

Total assets less current liabilities
  
1,619,302
1,633,538

Creditors: amounts falling due after more than one year
 7 
(440,175)
(480,332)

Provisions for liabilities
  

Deferred tax
 9 
(182,647)
(182,647)

  
 
 
(182,647)
 
 
(182,647)

Net assets
  
996,480
970,559


Capital and reserves
  

Called up share capital 
  
7
7

Profit and loss account
  
996,473
970,552

  
996,480
970,559


Page 1

 
G S & A INVESTMENTS LIMITED
REGISTERED NUMBER: 03587399
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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 20 March 2024.




B S Shahi
Director

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

Page 2

 
G S & A INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

G S & A Investments Limited is a private company, limited by shares and registered in England.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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.

Page 3

 
G S & A INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
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.

 
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.

Page 4

 
G S & A INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
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 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.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

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
Page 5

 
G S & A INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

third parties, loans to related parties and investments in ordinary shares.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).


4.


Tangible fixed assets





Freehold property
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 September 2022
2,100,000
15,341
2,115,341



At 31 August 2023

2,100,000
15,341
2,115,341



Depreciation


At 1 September 2022
-
15,065
15,065


Charge for the year on owned assets
-
138
138



At 31 August 2023

-
15,203
15,203



Net book value



At 31 August 2023
2,100,000
138
2,100,138



At 31 August 2022
2,100,000
276
2,100,276

Page 6

 
G S & A INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
2,100,000
2,100,000

2,100,000
2,100,000



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,259
3,886

2,259
3,886



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
41,881
41,495

Corporation tax
7,754
8,492

Other creditors
422,359
415,360

Accruals and deferred income
11,101
5,277

483,095
470,624


The following liabilities were secured:

2023
2022
£
£



Bank loans
41,881
41,495

41,881
41,495

Details of security provided:

Bank loans are secured over the freehold property to which they relate.

Page 7

 
G S & A INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
440,175
480,332

440,175
480,332


The following liabilities were secured:

2023
2022
£
£



Bank loans
440,175
480,332

440,175
480,332

Details of security provided:

Bank loans are secured over the freehold property to which they relate.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
171,128
190,184

171,128
190,184



Page 8

 
G S & A INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
41,881
41,495


41,881
41,495

Amounts falling due 1-2 years

Bank loans
199,047
43,481


199,047
43,481

Amounts falling due 2-5 years

Bank loans
70,000
246,667


70,000
246,667

Amounts falling due after more than 5 years

Bank loans
171,128
190,184

171,128
190,184

482,056
521,827



9.


Deferred taxation




2023


£






At beginning of year
(182,647)



At end of year
(182,647)

Page 9

 
G S & A INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Deferred tax on fair value adjustment
(182,647)
(182,647)

(182,647)
(182,647)


10.


Controlling party

The company was under the control of the directors throughout the current and previous period.

 
Page 10