Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false2022-07-01Service activities incidental to air transportation11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12462839 2022-07-01 2023-06-30 12462839 2021-01-01 2022-06-30 12462839 2023-06-30 12462839 2022-06-30 12462839 c:Director1 2022-07-01 2023-06-30 12462839 d:CurrentFinancialInstruments 2023-06-30 12462839 d:CurrentFinancialInstruments 2022-06-30 12462839 d:Non-currentFinancialInstruments 2023-06-30 12462839 d:Non-currentFinancialInstruments 2022-06-30 12462839 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12462839 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12462839 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12462839 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 12462839 d:ShareCapital 2023-06-30 12462839 d:ShareCapital 2022-06-30 12462839 d:SharePremium 2023-06-30 12462839 d:SharePremium 2022-06-30 12462839 d:RetainedEarningsAccumulatedLosses 2023-06-30 12462839 d:RetainedEarningsAccumulatedLosses 2022-06-30 12462839 c:OrdinaryShareClass1 2022-07-01 2023-06-30 12462839 c:OrdinaryShareClass1 2023-06-30 12462839 c:OrdinaryShareClass1 2022-06-30 12462839 c:FRS102 2022-07-01 2023-06-30 12462839 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12462839 c:FullAccounts 2022-07-01 2023-06-30 12462839 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12462839 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12462839









GTES HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
GTES HOLDINGS LIMITED
REGISTERED NUMBER: 12462839

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Investments
 4 
5,587,872
5,587,872

  
5,587,872
5,587,872

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
15,000
-

Cash at bank and in hand
  
11,646
27

  
26,646
27

Creditors: amounts falling due within one year
 6 
(958,228)
(870,399)

NET CURRENT LIABILITIES
  
 
 
(931,582)
 
 
(870,372)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
4,656,290
4,717,500

Creditors: amounts falling due after more than one year
 7 
(287,658)
(351,582)

  

NET ASSETS
  
4,368,632
4,365,918


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Share premium account
  
4,363,711
4,363,711

Profit and loss account
  
4,821
2,107

  
4,368,632
4,365,918


Page 1

 
GTES HOLDINGS LIMITED
REGISTERED NUMBER: 12462839
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 income and retained earnings 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: 






G Macleod
Director

Date: 30 January 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GTES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


GENERAL INFORMATION

The company is limited by shares and incorporated in England.  The registered office and trading address is 6025 Taylors End, Long Boarder Road, London Stansted, Stansted, CM24 1RL.
The financial statements are presented in sterling which is the functional currency of the company.

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

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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 1 (2022 - 1).

Page 3

 
GTES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 July 2022
5,587,872



At 30 June 2023
5,587,872







5.


DEBTORS

2023
2022
£
£


Other debtors
15,000
-

15,000
-



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
3,000
-

Amounts owed to group undertakings
874,504
804,875

Other creditors
77,424
63,924

Accruals and deferred income
3,300
1,600

958,228
870,399


Page 4

 
GTES HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


CREDITORS: AMOUNTS FALLING DUE MORE THAN ONE YEAR

2023
2022
£
£

Other creditors
287,658
351,582

287,658
351,582


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
31,962
63,924

31,962
63,924




8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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


 
Page 5