Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12907998 2023-01-01 2023-12-31 12907998 2022-01-01 2022-12-31 12907998 2023-12-31 12907998 2022-12-31 12907998 c:Director1 2023-01-01 2023-12-31 12907998 d:FurnitureFittings 2023-01-01 2023-12-31 12907998 d:FurnitureFittings 2023-12-31 12907998 d:FurnitureFittings 2022-12-31 12907998 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12907998 d:FreeholdInvestmentProperty 2023-12-31 12907998 d:FreeholdInvestmentProperty 2022-12-31 12907998 d:CurrentFinancialInstruments 2023-12-31 12907998 d:CurrentFinancialInstruments 2022-12-31 12907998 d:Non-currentFinancialInstruments 2023-12-31 12907998 d:Non-currentFinancialInstruments 2022-12-31 12907998 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12907998 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12907998 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12907998 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12907998 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 12907998 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 12907998 d:ShareCapital 2023-12-31 12907998 d:ShareCapital 2022-12-31 12907998 d:RetainedEarningsAccumulatedLosses 2023-12-31 12907998 d:RetainedEarningsAccumulatedLosses 2022-12-31 12907998 c:FRS102 2023-01-01 2023-12-31 12907998 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12907998 c:FullAccounts 2023-01-01 2023-12-31 12907998 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12907998 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 12907998 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12907998









GSVP INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
GSVP INVESTMENTS LTD
REGISTERED NUMBER: 12907998

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
702
826

Investment property
 5 
375,464
375,464

  
376,166
376,290

Current assets
  

Debtors: amounts falling due within one year
 6 
14,355
15,729

Cash at bank and in hand
 7 
2,532
10,042

  
16,887
25,771

Creditors: amounts falling due within one year
 8 
(112,199)
(135,850)

Net current liabilities
  
 
 
(95,312)
 
 
(110,079)

Total assets less current liabilities
  
280,854
266,211

Creditors: amounts falling due after more than one year
 9 
(288,018)
(288,018)

  

Net liabilities
  
(7,164)
(21,807)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(7,264)
(21,907)

  
(7,164)
(21,807)


Page 1

 
GSVP INVESTMENTS LTD
REGISTERED NUMBER: 12907998
    
BALANCE SHEET (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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 Dhallu
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GSVP INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

GSVP Investment Ltd is a private company, limited by shares , and incorporated in England and Wales , United Kingdom, with a registration number 12907998. The address of the registered office is Hawke House, Old Station Road, Loughton, England, IG104PL. The Principal activity of the company is buying and selling of own real estate and other letting and operating of own or leased real estate.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director continues to adopt the going concern basis of accounting in preparing the financial statements. 

  
2.3

Revenue

Revenue represents rent receivable.

 
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

Borrowing costs

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

Page 3

 
GSVP INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Reducing Balance basis

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

Investment property

Investment property is carried at fair value determined annually by the director 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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 4

 
GSVP INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022







Employees and directors
1
1


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
1,010



At 31 December 2023

1,010



Depreciation


At 1 January 2023
184


Charge for the year on owned assets
124



At 31 December 2023

308



Net book value



At 31 December 2023
702



At 31 December 2022
826

Page 5

 
GSVP INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
375,464



At 31 December 2023
375,464

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



At 31 December 2023



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
375,464
375,464

375,464
375,464


6.


Debtors

2023
2022
£
£


Other debtors
14,355
15,729

14,355
15,729



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,532
10,042

2,532
10,042


Page 6

 
GSVP INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,280
3,031

Other creditors
107,439
130,439

Accruals and deferred income
2,480
2,380

112,199
135,850



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
288,018
288,018

288,018
288,018



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Other loans
288,018
288,018

288,018
288,018

288,018
288,018



11.


Related party transactions

A balance of £14,898 (2022: £22,898 from key management personnel) was due to key management personnel at the year end.


12.


Controlling party

The ultimate controlling party is G Dhallu.

 
Page 7