Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31true12023-08-01falseNo description of principal activity1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08653496 2023-08-01 2024-07-31 08653496 2022-08-01 2023-07-31 08653496 2024-07-31 08653496 2023-07-31 08653496 c:Director1 2023-08-01 2024-07-31 08653496 d:CurrentFinancialInstruments 2024-07-31 08653496 d:CurrentFinancialInstruments 2023-07-31 08653496 d:ShareCapital 2024-07-31 08653496 d:ShareCapital 2023-07-31 08653496 d:RetainedEarningsAccumulatedLosses 2024-07-31 08653496 d:RetainedEarningsAccumulatedLosses 2023-07-31 08653496 c:OrdinaryShareClass1 2023-08-01 2024-07-31 08653496 c:OrdinaryShareClass1 2024-07-31 08653496 c:OrdinaryShareClass1 2023-07-31 08653496 c:FRS102 2023-08-01 2024-07-31 08653496 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08653496 c:FullAccounts 2023-08-01 2024-07-31 08653496 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08653496 d:Subsidiary1 2023-08-01 2024-07-31 08653496 d:Subsidiary1 1 2023-08-01 2024-07-31 08653496 4 2023-08-01 2024-07-31 08653496 6 2023-08-01 2024-07-31 08653496 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08653496













GARDENS ENTERPRISES LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024


 
GARDENS ENTERPRISES LIMITED
REGISTERED NUMBER:08653496


BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
£
£

Fixed assets
  

Investments
 4 
200
1,500,000

  
200
1,500,000

Current assets
  

Debtors: amounts falling due within one year
 5 
-
1,300,842

  
-
1,300,842

Total assets less current liabilities
  
 
 
200
 
 
2,800,842

  

Net assets
  
200
2,800,842


Capital and reserves
  

Called up share capital 
 6 
100
2,800,000

Profit and loss account
  
100
842

  
200
2,800,842


Page 1


 
GARDENS ENTERPRISES LIMITED
REGISTERED NUMBER:08653496

    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

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 her 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: 




S H M Bokaie
Director

Date: 2 October 2024

Page 2


 
GARDENS ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Gardens Enterprises Limited is a limited liability company incorporated and domiciled in England and Wales. The address of its registered office is 62 Standen Road, London, SW18 5TG. 

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

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Page 3


 
GARDENS ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

 
2.6

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 year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
1,500,000


Revaluations
(1,499,800)



At 31 July 2024
200




Page 4


 
GARDENS ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

The Gardens Childcare Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 July 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name

The Gardens Childcare Limited


5.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
-
1,300,842



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 2,800,000) Ordinary share capital shares of £1.0 each
100
2,800,000



7.


Related party transactions

At the balance sheet date, The Gardens Childcare Limited, a wholly owned subsidiary, owed £nil to the company (2023: £1,300,842). The debt is non-interest bearing with no fixed payment plan. 


8.


Controlling party

The ultimate controlling party of the company is S H M Bokaie who is the controlling party of The Gardens Solo Limited,  the company's parent undertaking.

 
Page 5