Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true2023-03-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC410641 2023-03-01 2024-02-29 SC410641 2022-03-01 2023-02-28 SC410641 2024-02-29 SC410641 2023-02-28 SC410641 c:Director1 2023-03-01 2024-02-29 SC410641 c:Director2 2023-03-01 2024-02-29 SC410641 c:RegisteredOffice 2023-03-01 2024-02-29 SC410641 d:FreeholdInvestmentProperty 2024-02-29 SC410641 d:FreeholdInvestmentProperty 2023-02-28 SC410641 d:CurrentFinancialInstruments 2024-02-29 SC410641 d:CurrentFinancialInstruments 2023-02-28 SC410641 d:Non-currentFinancialInstruments 2024-02-29 SC410641 d:Non-currentFinancialInstruments 2023-02-28 SC410641 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC410641 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 SC410641 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 SC410641 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 SC410641 d:ShareCapital 2024-02-29 SC410641 d:ShareCapital 2023-02-28 SC410641 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC410641 d:RetainedEarningsAccumulatedLosses 2023-02-28 SC410641 c:FRS102 2023-03-01 2024-02-29 SC410641 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC410641 c:FullAccounts 2023-03-01 2024-02-29 SC410641 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC410641 2 2023-03-01 2024-02-29 SC410641 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: SC410641










GSR PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
GSR PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
Mr G S Robertson 
Mrs S J Robertson 




Registered number
SC410641



Registered office
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
GSR PROPERTIES LIMITED
REGISTERED NUMBER: SC410641

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

FIXED ASSETS
  

Investment property
 4 
917,223
917,223

  
917,223
917,223

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
102,244
-

Cash at bank and in hand
  
18,954
10,516

  
121,198
10,516

Creditors: amounts falling due within one year
 6 
(26,191)
(101,318)

NET CURRENT ASSETS/(LIABILITIES)
  
 
 
95,007
 
 
(90,802)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,012,230
826,421

Creditors: amounts falling due after more than one year
 7 
(676,537)
(473,334)

  

NET ASSETS
  
335,693
353,087


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
335,593
352,987

  
335,693
353,087


Page 1

 
GSR PROPERTIES LIMITED
REGISTERED NUMBER: SC410641

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 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 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 24 September 2024.



Mr G S Robertson
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GSR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


GENERAL INFORMATION

GSR Properties Limited is a private company, limited by shares, incorporated in Scotland with registration number SC410641. The registered office is Westby, 64 West High Street, Forfar, Tayside, DD8 1BJ. The principal place of activity is Carseview Road, Forfar, DD8 1BJ.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
GSR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.

 
2.6

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 2 (2023 - 2).


4.


INVESTMENT PROPERTY





Investment property

£



VALUATION


At 1 March 2023
917,223



AT 29 FEBRUARY 2024
917,223

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




Page 4

 
GSR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


DEBTORS

29 February
28 February
2024
2023
£
£


Other debtors
102,244
-

102,244
-



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29 February
28 February
2024
2023
£
£

Trade creditors
5,100
2,127

Other taxation and social security
15,991
17,750

Other creditors
3,500
78,608

Accruals and deferred income
1,600
2,833

26,191
101,318



7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29 February
28 February
2024
2023
£
£

Amounts owed to group undertakings
676,537
473,334

676,537
473,334



Page 5