Caseware UK (AP4) 2023.0.135 2023.0.135 42023-04-01false4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11093787 2023-04-01 2024-03-31 11093787 2024-03-31 11093787 2022-04-01 2023-03-31 11093787 2023-03-31 11093787 c:Director1 2023-04-01 2024-03-31 11093787 c:Director2 2023-04-01 2024-03-31 11093787 d:CurrentFinancialInstruments 2024-03-31 11093787 d:CurrentFinancialInstruments 2023-03-31 11093787 d:Non-currentFinancialInstruments 2024-03-31 11093787 d:Non-currentFinancialInstruments 2023-03-31 11093787 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11093787 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11093787 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11093787 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11093787 d:ShareCapital 2024-03-31 11093787 d:ShareCapital 2023-03-31 11093787 d:RetainedEarningsAccumulatedLosses 2024-03-31 11093787 d:RetainedEarningsAccumulatedLosses 2023-03-31 11093787 c:FRS102 2023-04-01 2024-03-31 11093787 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11093787 c:FullAccounts 2023-04-01 2024-03-31 11093787 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11093787 2 2023-04-01 2024-03-31 11093787 6 2023-04-01 2024-03-31 11093787 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 11093787













Garmer Holdings Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
Garmer Holdings Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
6
6

  
6
6

Current assets
  

Debtors
 5 
369,245
251,563

Cash at bank
  
192,910
187,486

  
562,155
439,049

Creditors: amounts falling due within one year
 6 
(54,027)
(61,377)

Net current assets
  
 
 
508,128
 
 
377,672

Total assets less current liabilities
  
508,134
377,678

Creditors: amounts falling due after more than one year
 7 
(31,244)
(36,244)

  

Net assets
  
476,890
341,434


Capital and reserves
  

Called up share capital 
  
12
12

Profit and loss account
  
476,878
341,422

Shareholders' funds
  
476,890
341,434


1

 
Garmer Holdings Limited

    
Balance sheet (continued)
At 31 March 2024

The directors consider 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 directors acknowledge 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.

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 9 October 2024.




Keith Howard Garber
Andrew Marshall Halmer
Director
Director

Registered number: 11093787
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Garmer Holdings Limited
 
 

Notes to the financial statements
for the year ended 31 March 2024

1.


General information

Garmer Holdings Limited ("the company") is a private company limited by shares, incorporated in the United Kingdom and registered in England. The address of the registered office is Second Floor Citygate, St James Boulevard, Newcastle Upon Tyne, England, NE1 4JE

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

 
2.2

Interest income

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

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

Taxation

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 balance sheet date in the countries where the company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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
3

 
Garmer Holdings Limited
 

 
Notes to the financial statements
for the year ended 31 March 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

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.

4

 
Garmer Holdings Limited
 
 

Notes to the financial statements
for the year ended 31 March 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
6



At 31 March 2024
6





5.


Debtors

2024
2023
£
£


Other debtors
369,245
251,563

369,245
251,563



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Amounts owed to group undertakings
45,117
45,117

Corporation tax
-
7,621

Other taxation and social security
388
297

Other creditors
102
102

Accruals and deferred income
3,420
3,240

54,027
61,377


5

 
Garmer Holdings Limited
 
 

Notes to the financial statements
for the year ended 31 March 2024

7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
31,244
36,244

31,244
36,244



8.


Related party transactions

During the year the company operated an intercompany account with Doctor Michael Frain Limited to record amounts due and from the holding company. At 31 March 2024 the company owed £45,117 (2023: £45,117) to Doctor Michael Frain Limited.

 
6