Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12194778 2023-04-01 2024-03-31 12194778 2022-10-01 2023-03-31 12194778 2024-03-31 12194778 2023-03-31 12194778 c:Director1 2023-04-01 2024-03-31 12194778 d:OfficeEquipment 2023-04-01 2024-03-31 12194778 d:OfficeEquipment 2024-03-31 12194778 d:OfficeEquipment 2023-03-31 12194778 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12194778 d:CurrentFinancialInstruments 2024-03-31 12194778 d:CurrentFinancialInstruments 2023-03-31 12194778 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12194778 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12194778 d:ShareCapital 2024-03-31 12194778 d:ShareCapital 2023-03-31 12194778 d:RetainedEarningsAccumulatedLosses 2024-03-31 12194778 d:RetainedEarningsAccumulatedLosses 2023-03-31 12194778 c:FRS102 2023-04-01 2024-03-31 12194778 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12194778 c:FullAccounts 2023-04-01 2024-03-31 12194778 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12194778









GEORGE COLLINS REAL ESTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GEORGE COLLINS REAL ESTATE LIMITED
REGISTERED NUMBER: 12194778

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
264
330

  
264
330

Current assets
  

Debtors: amounts falling due within one year
 5 
230,000
305,830

Cash at bank and in hand
  
239,207
169,774

  
469,207
475,604

Creditors: amounts falling due within one year
 6 
(87,025)
(109,734)

Net current assets
  
 
 
382,182
 
 
365,870

Total assets less current liabilities
  
382,446
366,200

  

Net assets
  
382,446
366,200


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
382,346
366,100

  
382,446
366,200


Page 1

 
GEORGE COLLINS REAL ESTATE LIMITED
REGISTERED NUMBER: 12194778
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 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 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 on 14 October 2024.

G M Collins
Director

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

Page 2

 
GEORGE COLLINS REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

George Collins Real Estate Limited is a private company limited by shares and registered in England & Wales. The registered office and principal place of business is 106 Chevening Road, London, NW6 6DY. 

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 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 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. 
Turnover comprises consultancy fees supplied which are recognised in accordance with the respective contracts.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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 United Kingdom.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Office equipment
-
20%
per annum on the reducing balance

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.

Page 3

 
GEORGE COLLINS REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Debtors

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

 
2.6

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.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
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 Income and Retained Earnings.

 
2.9

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).

Page 4

 
GEORGE COLLINS REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
716



At 31 March 2024

716



Depreciation


At 1 April 2023
386


Charge for the year on owned assets
66



At 31 March 2024

452



Net book value



At 31 March 2024
264



At 31 March 2023
330


5.


Debtors

2024
2023
£
£


Trade debtors
-
5,830

Other debtors
230,000
300,000

230,000
305,830


Page 5

 
GEORGE COLLINS REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,013
6,013

Corporation tax
57,637
61,517

Other taxation and social security
13,260
39,854

Other creditors
7,315
-

Accruals
2,800
2,350

87,025
109,734



7.


Transactions with directors

At the year end, the director was owed £7,315 (2023 : £300,000 debtor). Interest was charged on the loan at a commercial rate.


8.


Related party transactions

During the year the company lent £230,000 to a related company which was outstanding at the year end. The loan is interest free, unsecured and repayable on demand.

 
Page 6