Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12369970 2023-01-01 2023-12-31 12369970 2022-01-01 2022-12-31 12369970 2023-12-31 12369970 2022-12-31 12369970 c:Director1 2023-01-01 2023-12-31 12369970 d:PlantMachinery 2023-01-01 2023-12-31 12369970 d:PlantMachinery 2023-12-31 12369970 d:PlantMachinery 2022-12-31 12369970 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12369970 d:FreeholdInvestmentProperty 2023-12-31 12369970 d:FreeholdInvestmentProperty 2022-12-31 12369970 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 12369970 d:CurrentFinancialInstruments 2023-12-31 12369970 d:CurrentFinancialInstruments 2022-12-31 12369970 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12369970 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12369970 d:ShareCapital 2023-12-31 12369970 d:ShareCapital 2022-12-31 12369970 d:OtherMiscellaneousReserve 2023-12-31 12369970 d:OtherMiscellaneousReserve 2022-12-31 12369970 d:RetainedEarningsAccumulatedLosses 2023-12-31 12369970 d:RetainedEarningsAccumulatedLosses 2022-12-31 12369970 d:OtherDeferredTax 2023-12-31 12369970 d:OtherDeferredTax 2022-12-31 12369970 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12369970 c:OrdinaryShareClass1 2023-12-31 12369970 c:OrdinaryShareClass1 2022-12-31 12369970 c:FRS102 2023-01-01 2023-12-31 12369970 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12369970 c:FullAccounts 2023-01-01 2023-12-31 12369970 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12369970 2 2023-01-01 2023-12-31 12369970 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12369970









GLADE HOPE HOUSE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GLADE HOPE HOUSE LIMITED
REGISTERED NUMBER: 12369970

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
110,870
776,087

Investment property
 5 
23,000,000
16,858,447

  
23,110,870
17,634,534

Current assets
  

Debtors: amounts falling due within one year
 6 
4,516
10,431

Cash at bank and in hand
 7 
515,549
222,254

  
520,065
232,685

Creditors: amounts falling due within one year
 8 
(23,726,575)
(21,946,468)

Net current liabilities
  
 
 
(23,206,510)
 
 
(21,713,783)

Total assets less current liabilities
  
(95,640)
(4,079,249)

Provisions for liabilities
  

Deferred tax
  
(1,535,388)
-

  
 
 
(1,535,388)
 
 
-

Net liabilities
  
(1,631,028)
(4,079,249)


Capital and reserves
  

Called up share capital 
 10 
100
100

Other reserves
  
4,606,164
-

Profit and loss account
  
(6,237,292)
(4,079,349)

  
(1,631,028)
(4,079,249)


Page 1

 
GLADE HOPE HOUSE LIMITED
REGISTERED NUMBER: 12369970
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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: 




I Moskovich
Director

Date: 12 September 2024

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

Page 2

 
GLADE HOPE HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Glade Hope House Limited is a private company limited by shares and is incorporated in England and Wales. Its registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH (Registered number 12369970).

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

Going concern

In assessing the ability of the company to operate as a going concern, management has evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
GLADE HOPE HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
2.8

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 4

 
GLADE HOPE HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
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.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
GLADE HOPE HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

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


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2023
2,660,868



At 31 December 2023

2,660,868



Depreciation


At 1 January 2023
1,884,781


Charge for the year on owned assets
665,217



At 31 December 2023

2,549,998



Net book value



At 31 December 2023
110,870



At 31 December 2022
776,087

Page 6

 
GLADE HOPE HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
16,858,447


Surplus on revaluation
6,141,553



At 31 December 2023
23,000,000

The 2023 valuations were made by the director, on an open market value for existing use basis.





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

2023
2022
£
£


Historic cost
16,858,447
16,858,447

16,858,447
16,858,447


6.


Debtors

2023
2022
£
£


Trade debtors
-
7,413

Other debtors
3,065
-

Prepayments and accrued income
1,451
3,018

4,516
10,431



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
515,549
222,254

515,549
222,254


Page 7

 
GLADE HOPE HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
23,594,300
21,858,568

Other taxation and social security
48,517
44,018

Other creditors
11,350
11,350

Accruals and deferred income
72,408
32,532

23,726,575
21,946,468



9.


Deferred taxation




2023


£






Charged to profit or loss
(1,535,388)



At end of year
(1,535,388)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Revaluation gain on investment property
(1,535,388)
-

(1,535,388)
-


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 8