Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueNo description of principal activity32022-11-21truefalse 14496706 2022-11-20 14496706 2022-11-21 2024-03-31 14496706 2021-11-21 2022-11-20 14496706 2024-03-31 14496706 c:Director1 2022-11-21 2024-03-31 14496706 d:FreeholdInvestmentProperty 2022-11-21 2024-03-31 14496706 d:FreeholdInvestmentProperty 2024-03-31 14496706 d:CurrentFinancialInstruments 2024-03-31 14496706 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14496706 d:ShareCapital 2024-03-31 14496706 d:RetainedEarningsAccumulatedLosses 2024-03-31 14496706 c:OrdinaryShareClass1 2022-11-21 2024-03-31 14496706 c:OrdinaryShareClass1 2024-03-31 14496706 c:FRS102 2022-11-21 2024-03-31 14496706 c:AuditExempt-NoAccountantsReport 2022-11-21 2024-03-31 14496706 c:FullAccounts 2022-11-21 2024-03-31 14496706 c:PrivateLimitedCompanyLtd 2022-11-21 2024-03-31 14496706 e:PoundSterling 2022-11-21 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14496706









GTM ESTATES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
GTM ESTATES LTD
REGISTERED NUMBER: 14496706

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
1,586,944

  
1,586,944

Current assets
  

Debtors: amounts falling due within one year
  
4,538

  
4,538

Creditors: amounts falling due within one year
 6 
(1,552,593)

Net current (liabilities)/assets
  
 
 
(1,548,055)

Total assets less current liabilities
  
38,889

  

Net assets
  
38,889


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
38,789

  
38,889


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 19 August 2024.




G Bull
Director
Page 1

 
GTM ESTATES LTD
REGISTERED NUMBER: 14496706
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GTM ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

GTM Estates Ltd is a  private  company  limited by shares  incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
GTM ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Taxation

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.

 
2.4

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.

 
2.5

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

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 the directors, during the period was as follows:


        2024
            No.






Average number of employees
3

Page 4

 
GTM ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,586,944



At 31 March 2024
1,586,944

The 2024 valuations were made by the directors, on an open market value for existing use basis.



At 31 March 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




5.


Debtors

2024
£


Other debtors
100

Prepayments and accrued income
4,438

4,538



6.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
9,099

Other creditors
1,541,994

Accruals and deferred income
1,500

1,552,593



7.


Share capital

2024
£
Page 5

 
GTM ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.Share capital (continued)

Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100




 
Page 6