Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-12-31false3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-01falseNo description of principal activity3false 11739091 2022-01-01 2022-12-31 11739091 2021-01-01 2021-12-31 11739091 2022-12-31 11739091 2021-12-31 11739091 c:Director1 2022-01-01 2022-12-31 11739091 d:FurnitureFittings 2022-01-01 2022-12-31 11739091 d:FurnitureFittings 2022-12-31 11739091 d:FurnitureFittings 2021-12-31 11739091 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11739091 d:FreeholdInvestmentProperty 2022-01-01 2022-12-31 11739091 d:FreeholdInvestmentProperty 2022-12-31 11739091 d:FreeholdInvestmentProperty 2021-12-31 11739091 d:CurrentFinancialInstruments 2022-12-31 11739091 d:CurrentFinancialInstruments 2021-12-31 11739091 d:Non-currentFinancialInstruments 2022-12-31 11739091 d:Non-currentFinancialInstruments 2021-12-31 11739091 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11739091 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11739091 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11739091 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11739091 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 11739091 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 11739091 d:ShareCapital 2022-12-31 11739091 d:ShareCapital 2021-12-31 11739091 d:RetainedEarningsAccumulatedLosses 2022-12-31 11739091 d:RetainedEarningsAccumulatedLosses 2021-12-31 11739091 c:FRS102 2022-01-01 2022-12-31 11739091 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11739091 c:FullAccounts 2022-01-01 2022-12-31 11739091 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11739091 e:PoundSterling 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 11739091









GB BRIGHTON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
 GB BRIGHTON LTD
REGISTERED NUMBER: 11739091

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible fixed assets
  
4,579
1,458

Investment property
  
1,277,086
1,215,970

  
1,281,665
1,217,428

Current assets
  

Debtors: amounts falling due within one year
 6 
531,471
524,653

Cash at bank and in hand
 7 
39,261
328,101

  
570,732
852,754

Creditors: amounts falling due within one year
 8 
(203,192)
(738,441)

Net current assets
  
 
 
367,540
 
 
114,313

Total assets less current liabilities
  
1,649,205
1,331,741

Creditors: amounts falling due after more than one year
 9 
(1,676,353)
(1,339,994)

  

Net liabilities
  
(27,148)
(8,253)


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
(27,154)
(8,259)

  
(27,148)
(8,253)


Page 1

 
 GB BRIGHTON LTD
REGISTERED NUMBER: 11739091
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 by: 




................................................
Adam Lipman
Director

Date: 7 August 2024

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

Page 2

 
 GB BRIGHTON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

GB Brighton Ltd is a private company limited by shares, incorporated in England & Wales on 21 December 2018 (registered number: 11739091).
The registered office address of the company is 101 New Cavendish Street, 1st Floor South, London,
United Kingdom, W1W 6XH.
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 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

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

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 3

 
 GB BRIGHTON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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.

The estimated useful lives range as follows:

Fixtures and fittings
-
3
Straight line method

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.

 
2.4

Investment property

Investment property is carried at fair value determined annually 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.

 
2.5

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Page 4

 
 GB BRIGHTON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2022
2,188


Additions
5,233



At 31 December 2022

7,421



Depreciation


At 1 January 2022
730


Charge for the year on owned assets
2,112



At 31 December 2022

2,842



Net book value



At 31 December 2022
4,579



At 31 December 2021
1,458

Page 5

 
 GB BRIGHTON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2022
1,215,970


Additions at cost
61,116



At 31 December 2022
1,277,086

The 2022 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
 GB BRIGHTON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Debtors

2022
2021
£
£


Trade debtors
7,374
8,990

Amounts owed by related companies
524,096
449,096

Other debtors
1
66,567

531,471
524,653



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
39,261
328,101

39,261
328,101



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
194,365
194,365

Trade creditors
6,327
542,676

Accruals and deferred income
2,500
1,400

203,192
738,441



9.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
800,000
800,000

Other creditors
876,353
539,994

1,676,353
1,339,994


Page 7

 
 GB BRIGHTON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

10.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
194,365
194,365


194,365
194,365



Amounts falling due after more than 5 years

Bank loans
800,000
800,000

800,000
800,000

994,365
994,365



11.


Related party transactions

Included within other creditors due after 1 year is a balance of £539,994 (2021: £539,994) owed to the directors of the company. 


12.


Controlling party

The company is controlled by the directors. 

 
Page 8