Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12662390 2022-07-01 2023-06-30 12662390 2021-07-01 2022-06-30 12662390 2023-06-30 12662390 2022-06-30 12662390 c:Director2 2022-07-01 2023-06-30 12662390 d:OfficeEquipment 2022-07-01 2023-06-30 12662390 d:OfficeEquipment 2023-06-30 12662390 d:OfficeEquipment 2022-06-30 12662390 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12662390 d:CurrentFinancialInstruments 2023-06-30 12662390 d:CurrentFinancialInstruments 2022-06-30 12662390 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12662390 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12662390 d:ShareCapital 2023-06-30 12662390 d:ShareCapital 2022-06-30 12662390 d:RetainedEarningsAccumulatedLosses 2023-06-30 12662390 d:RetainedEarningsAccumulatedLosses 2022-06-30 12662390 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 12662390 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 12662390 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2023-06-30 12662390 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2022-06-30 12662390 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2023-06-30 12662390 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2022-06-30 12662390 c:OrdinaryShareClass1 2022-07-01 2023-06-30 12662390 c:OrdinaryShareClass1 2023-06-30 12662390 c:OrdinaryShareClass1 2022-06-30 12662390 c:FRS102 2022-07-01 2023-06-30 12662390 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12662390 c:FullAccounts 2022-07-01 2023-06-30 12662390 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12662390 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12662390









GLENYORK PROPERTIES LIMITED (FORMERLY FIKA PODS LTD)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
GLENYORK PROPERTIES LIMITED
REGISTERED NUMBER: 12662390

BALANCE SHEET
AS AT 30 JUNE 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,221
3,331

  
2,221
3,331

Current assets
  

Debtors: amounts falling due within one year
 5 
35,285
32,627

Cash at bank and in hand
 6 
86
-

  
35,371
32,627

Creditors: amounts falling due within one year
 7 
(37,222)
(36,223)

Net current liabilities
  
 
 
(1,851)
 
 
(3,596)

Total assets less current liabilities
  
370
(265)

  

Net assets/(liabilities)
  
370
(265)


Capital and reserves
  

Called up share capital 
 9 
10
10

Profit and loss account
  
360
(275)

  
370
(265)


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 12 December 2023.




Page 1

 
GLENYORK PROPERTIES LIMITED
REGISTERED NUMBER: 12662390
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

................................................
Julian Nyman
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GLENYORK PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Fika Pods Ltd is a private company limited by shares and is registered in England and Whales.  The address of the registered office is Unit B2, London England, NW9 6JL. The principal activity of the company is that of building garden pods.

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 accounts are presented in pound sterling which is the functional currency of the company and are rounded to the nearest £.

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GLENYORK PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

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
-
25%

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

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.

Page 4

 
GLENYORK PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2022
4,441



At 30 June 2023

4,441



Depreciation


At 1 July 2022
1,110


Charge for the year on owned assets
1,110



At 30 June 2023

2,220



Net book value



At 30 June 2023
2,221



At 30 June 2022
3,331


5.


Debtors

2023
2022
£
£


Trade debtors
-
2,617

VAT refund due
35,285
10
Page 5

 
GLENYORK PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.Debtors (continued)


Prepayments and accrued income
-
30,000

35,285
32,627



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
86
-

Less: bank overdrafts
-
(7)

86
(7)



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
7

Other loans
34,122
22,986

Trade creditors
-
7,222

Other taxation and social security
-
2,464

Other creditors
-
494

Accruals and deferred income
3,100
3,050

37,222
36,223


Page 6

 
GLENYORK PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Financial instruments

2023
2022
£
£

Financial assets


Cash at bank
86
-

Trade Debtors
-
2,617

VAT Refund Due
275
-

361
2,617


Financial liabilities


Trade Creditors
-
(7,222)

Loans
(34,122)
(22,986)

(34,122)
(30,208)


Financial assets measured at fair value through profit or loss comprise the items above.


Other financial liabilities measured at fair value through profit or loss comprise the items above


9.


Share capital

As restated
2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1.00 each
10
10

In January 2022, share capital of £9 comprising of 9 ordinary shares of £1 each were allotted. The prior year balance sheet and share capital note has been restated to reflect this in the accounts for the year ended 30 June 2022. 


 
Page 7