Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false22023-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11047097 2023-04-01 2024-03-31 11047097 2024-03-31 11047097 2022-04-01 2023-03-31 11047097 2023-03-31 11047097 c:Director1 2023-04-01 2024-03-31 11047097 d:CurrentFinancialInstruments 2024-03-31 11047097 d:CurrentFinancialInstruments 2023-03-31 11047097 d:ShareCapital 2024-03-31 11047097 d:ShareCapital 2023-03-31 11047097 d:SharePremium 2023-04-01 2024-03-31 11047097 d:SharePremium 2024-03-31 11047097 d:SharePremium 2023-03-31 11047097 d:RetainedEarningsAccumulatedLosses 2024-03-31 11047097 d:RetainedEarningsAccumulatedLosses 2023-03-31 11047097 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11047097 c:OrdinaryShareClass1 2024-03-31 11047097 c:OrdinaryShareClass1 2023-03-31 11047097 c:FRS102 2023-04-01 2024-03-31 11047097 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11047097 c:FullAccounts 2023-04-01 2024-03-31 11047097 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11047097 6 2023-04-01 2024-03-31 11047097 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11047097


GRID (OXFORD) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
GRID (OXFORD) LIMITED
REGISTERED NUMBER: 11047097

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
839,980
839,980

  
839,980
839,980

Current assets
  

Debtors: amounts falling due within one year
 5 
4,000
4,000

Cash at bank and in hand
 6 
2,020
4,551

  
6,020
8,551

Total assets less current liabilities
  
 
 
846,000
 
 
848,531

  

Net assets
  
846,000
848,531


Capital and reserves
  

Called up share capital 
 8 
5,000
5,000

Share premium account
 9 
477,000
477,000

Profit and loss account
 9 
364,000
366,531

  
846,000
848,531


Page 1

 
GRID (OXFORD) LIMITED
REGISTERED NUMBER: 11047097
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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: 




................................................
Georgina Robinson
Director
Date: 9 August 2024

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

Page 2

 
GRID (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Grid (Oxford) Limited is a limited company incorporated in England being part of the United Kingdom whose registered office and principal place of business is 1st Floor, 24 Bankside, Kidlington, Oxfordshire, OX5 1JE.

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

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. 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.

 
2.4

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

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 period was 2 (2023 - 2).

Page 3

 
GRID (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
839,980



At 31 March 2024
839,980




Page 4

 
GRID (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
4,000
4,000

4,000
4,000


Included within other debtors due within one year is a loan to Mrs G Robinson, a director, amounting to £2,000 (2023 - £2,000).
 Included within other debtors due within one year is a loan to Mr I Davies, a director, amounting to £2,000 (2023 - £2,000). 
 The main conditions were as follows:

The loans are interest free and there is no fixed date for repayment


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,020
4,551

2,020
4,551



7.


Loans


Analysis of the maturity of loans is given below:










8.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary shares of £1.00 each
5,000
5,000


Page 5

 
GRID (OXFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Reserves

Share premium account

The company undertook a share for share exchange in a previous accounting period where the company acquired the entire share capital of W.I.B. insurance Consultants Limited in exchange for the issue of an additional 1,000 ordinary share of £1 each. This was undertaken in order for a corporate restructure to take place.
As a result of the corporate restructure, a share premium reserve was created amounting to £477,000. 

 
Page 6