Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true2023-03-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07271558 2023-03-01 2024-02-29 07271558 2022-03-01 2023-02-28 07271558 2024-02-29 07271558 2023-02-28 07271558 c:Director2 2023-03-01 2024-02-29 07271558 d:PlantMachinery 2023-03-01 2024-02-29 07271558 d:PlantMachinery 2024-02-29 07271558 d:PlantMachinery 2023-02-28 07271558 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07271558 d:ComputerEquipment 2023-03-01 2024-02-29 07271558 d:ComputerEquipment 2024-02-29 07271558 d:ComputerEquipment 2023-02-28 07271558 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07271558 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07271558 d:FreeholdInvestmentProperty 2024-02-29 07271558 d:FreeholdInvestmentProperty 2023-02-28 07271558 d:CurrentFinancialInstruments 2024-02-29 07271558 d:CurrentFinancialInstruments 2023-02-28 07271558 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07271558 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07271558 d:ShareCapital 2024-02-29 07271558 d:ShareCapital 2023-02-28 07271558 d:RevaluationReserve 2024-02-29 07271558 d:RevaluationReserve 2023-02-28 07271558 d:RetainedEarningsAccumulatedLosses 2024-02-29 07271558 d:RetainedEarningsAccumulatedLosses 2023-02-28 07271558 c:FRS102 2023-03-01 2024-02-29 07271558 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07271558 c:FullAccounts 2023-03-01 2024-02-29 07271558 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07271558 2 2023-03-01 2024-02-29 07271558 5 2023-03-01 2024-02-29 07271558 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 07271558










GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
REGISTERED NUMBER:07271558

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
158
317

Investment property
 4 
288,000
288,000

  
288,158
288,317

Current assets
  

Stocks
  
-
237,804

Debtors: amounts falling due within one year
 5 
444
1,565

Cash at bank and in hand
  
196,786
68,837

  
197,230
308,206

Creditors: amounts falling due within one year
 6 
(74,388)
(206,322)

Net current assets
  
 
 
122,842
 
 
101,884

Total assets less current liabilities
  
411,000
390,201

Provisions for liabilities
  

Deferred tax
  
(9,540)
(7,280)

  
 
 
(9,540)
 
 
(7,280)

Net assets
  
401,460
382,921


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
38,000
38,000

Profit and loss account
  
363,360
344,821

  
401,460
382,921


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 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.
Page 1

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
REGISTERED NUMBER:07271558
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024


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 income statement 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 11 September 2024.




................................................
L Claxton
Director

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

Page 2

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Great Yarmouth Property Services (Holdings) Limited is a private company limited by shares and incorporated in England and Wales, registered number 07271558. The registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE.

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:

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.

 
2.3

Interest income

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

Page 3

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.6
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 & machinery
-
25% Straight Line
Computer equipment
-
25% Straight Line

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.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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 6

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Tangible fixed assets







Plant & machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
6,000
635
6,635



At 29 February 2024

6,000
635
6,635



Depreciation


At 1 March 2023
6,000
318
6,318


Charge for the year on owned assets
-
159
159



At 29 February 2024

6,000
477
6,477



Net book value



At 29 February 2024
-
158
158



At 28 February 2023
-
317
317


4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
288,000



At 29 February 2024
288,000

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




Page 7

 
GREAT YARMOUTH PROPERTY SERVICES (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
-
1,500

Other debtors
444
65

444
1,565



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
-
95

Amounts owed to associates
-
72,543

Corporation tax
4,968
2,384

Other creditors
66,617
128,700

Accruals and deferred income
2,803
2,600

74,388
206,322


 
Page 8