Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09536526 2023-01-01 2023-12-31 09536526 2022-01-01 2022-12-31 09536526 2023-12-31 09536526 2022-12-31 09536526 c:Director1 2023-01-01 2023-12-31 09536526 d:Buildings 2023-01-01 2023-12-31 09536526 d:Buildings 2023-12-31 09536526 d:Buildings 2022-12-31 09536526 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09536526 d:FurnitureFittings 2023-01-01 2023-12-31 09536526 d:FurnitureFittings 2023-12-31 09536526 d:FurnitureFittings 2022-12-31 09536526 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09536526 d:ComputerEquipment 2023-01-01 2023-12-31 09536526 d:ComputerEquipment 2023-12-31 09536526 d:ComputerEquipment 2022-12-31 09536526 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09536526 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09536526 d:CurrentFinancialInstruments 2023-12-31 09536526 d:CurrentFinancialInstruments 2022-12-31 09536526 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09536526 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09536526 d:ShareCapital 2023-12-31 09536526 d:ShareCapital 2022-12-31 09536526 d:RetainedEarningsAccumulatedLosses 2023-12-31 09536526 d:RetainedEarningsAccumulatedLosses 2022-12-31 09536526 c:FRS102 2023-01-01 2023-12-31 09536526 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09536526 c:FullAccounts 2023-01-01 2023-12-31 09536526 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















GHCM UK Limited
























Director's report and unaudited financial statements



for the year ended 31 December 2023



Registered number: 09536526

 
GHCM UK Limited - Registered number:09536526


Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
25,631
54

Current assets
  

Debtors: amounts falling due within one year
 6 
1,513
2,795

Cash at bank and in hand
 7 
172,078
158,371

  
173,591
161,166

Creditors: amounts falling due within one year
 8 
(31,201)
(22,648)

Net current assets
  
 
 
142,390
 
 
138,518

Deferred tax
  
(511)
(14)

Net assets
  
 
 
167,510
 
 
138,558


Capital and reserves
  

Called up share capital 
  
50,501
50,501

Profit and loss account
  
117,009
88,057

  
167,510
138,558


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 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: 




J H Brooks
Director

Date: 12 April 2024
Page 1

 
GHCM UK Limited - Registered number:09536526


Balance sheet (continued)
As at 31 December 2023


Page 2

 
GHCM UK Limited
 
 

Notes to the financial statements
for the year ended 31 December 2023

1.


General information

GHCM UK Limited is a private limited company limited by shares and incorporated in England & Wales. The address of the registered office is 130 Wood Street, London, EC2V 6DL. The principal place of business is 36 Regent street, Nottingham, NG1 5BT.

2.Significant 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 financial statements have been prepared under FRS102 Section 1A - small entities. 
The financial statements are presented in Pound Sterling (£), which is also the functional currency.
The following principal accounting policies have been applied consistently throughout the year.

  
2.2

Going concern

After reviewing the forecasts and projections the directors have reasonable expectations that the company
has adequate resources to continue in operational existence for the foreseeable future. The company
therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

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.

All revenue arose from services performed within United Kingdom.

  
2.4

Administrative expenses

All expenses have been accounted for on an accruals basis.

Page 3

 
GHCM UK Limited
 

Notes to the financial statements
for the year ended 31 December 2023

2.Significant accounting policies (continued)

  
2.5

Taxation

The current tax payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because it excluded items that are never taxable or deductible. The company's
current tax liability is calculated using rates that have been enacted or substantively enacted by the balance
sheet date.

  
2.6

Deferred taxation

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.
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.

 
2.7

Tangible assets

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment
losses.

Depreciation is provided on the following basis:

Buildings
-
15 years
Furniture and fittings
-
4 years
Computer equipment
-
3 years

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 Statement of comprehensive income. 

 
2.8

Debtors

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

Page 4

 
GHCM UK Limited
 

Notes to the financial statements
for the year ended 31 December 2023

2.Significant accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash and cash equivalents comprise of cash at bank and in hand, demand deposits with financial institutions
repayable without penalty on notice and other short term highly liquid investments with original maturity of 3 months or less and bank overdrafts.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

 
2.11

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and
subsequently at amortised cost using the effective interest method. Debt instruments that are payable or
receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at
the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the
arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt
deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate,
the financial asset or liability is measured, initially at the present value of future cash flows discounted at a
market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as
a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss
is recognised in the Statement of comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between
an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original
effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any
impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference
between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation
of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.

 
2.12

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.

  
2.13

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 5

 
GHCM UK Limited
 
 

Notes to the financial statements
for the year ended 31 December 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the companies accounting policies, which are described in note 2, the director is required to
make judgments, estimates and assumptions which affect the amounts reported for assets and liabilities as at the
period-end date and amounts reported for revenues and expenses during the period. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. However, the nature of estimation means that actual outcomes could differ from those estimates.
There were no significant estimates or judgments made in the year.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


5.


Tangible assets





Buildings
Furniture and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 January 2023
-
-
1,915
1,915


Additions
24,402
2,334
-
26,736



At 31 December 2023

24,402
2,334
1,915
28,651



Accumulated depreciation


At 1 January 2023
-
-
1,861
1,861


Charge for the year
813
292
54
1,159



At 31 December 2023

813
292
1,915
3,020



Net book value



At 31 December 2023
23,589
2,042
-
25,631



At 31 December 2022
-
-
54
54

Page 6

 
GHCM UK Limited
 
 

Notes to the financial statements
for the year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Other debtors
1,015
2,304

Prepayments and accrued income
498
491

1,513
2,795



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
172,078
158,371

172,078
158,371



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
25,625
18,953

Accruals and deferred income
5,576
3,695

31,201
22,648



9.


Controlling party

The ultimate controlling party is Joshua Brooks who is the sole shareholder of the company.


10.


First time adoption of FRS 102 Section 1A - small entities

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 Section 1A - small entities and have not impacted on equity or profit or loss.

Page 7