Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01false4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity4truetrue 13036552 2023-04-01 2024-03-31 13036552 2022-04-01 2023-03-31 13036552 2024-03-31 13036552 2023-03-31 13036552 c:Director1 2023-04-01 2024-03-31 13036552 d:Buildings 2023-04-01 2024-03-31 13036552 d:Buildings 2024-03-31 13036552 d:Buildings 2023-03-31 13036552 d:CurrentFinancialInstruments 2024-03-31 13036552 d:CurrentFinancialInstruments 2023-03-31 13036552 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13036552 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13036552 d:ShareCapital 2024-03-31 13036552 d:ShareCapital 2023-03-31 13036552 d:RetainedEarningsAccumulatedLosses 2024-03-31 13036552 d:RetainedEarningsAccumulatedLosses 2023-03-31 13036552 c:FRS102 2023-04-01 2024-03-31 13036552 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13036552 c:FullAccounts 2023-04-01 2024-03-31 13036552 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13036552 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13036552










GTW Castle Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024

 
GTW Castle Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of GTW Castle Limited for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GTW Castle Limited for the year ended 31 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of GTW Castle Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of GTW Castle Limited  and state those matters that we have agreed to state to the Board of directors of GTW Castle Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GTW Castle Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that GTW Castle Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GTW Castle Limited. You consider that GTW Castle Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of GTW Castle Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
18 September 2024
Page 1

 
GTW Castle Limited
Registered number: 13036552

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
65,750
65,750

  
65,750
65,750

Current assets
  

Debtors: amounts falling due within one year
  
100
-

Cash at bank and in hand
  
33,462
21,713

  
33,562
21,713

Creditors: amounts falling due within one year
 6 
(14,628)
(48,613)

Net current assets/(liabilities)
  
 
 
18,934
 
 
(26,900)

Total assets less current liabilities
  
84,684
38,850

  

Net assets
  
84,684
38,850


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
84,584
38,750

  
84,684
38,850


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 18 September 2024.




R J Castle
Director

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

Page 2

 
GTW Castle Limited
 

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

1.


General information

GTW Castle Limited is a limited liability company incorporated in England and Wales. The address of the registered office and principal place of business is Dagnam Farm, St Mary's Hoo, Rochester, Kent, ME3 8RN. The principal activity of the company is land rental.

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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

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.

 
2.4

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.

Page 3

 
GTW Castle Limited
 

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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land
-
Nil

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.

 
2.5

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.

 
2.6

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. 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.

 
2.8

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.

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 4

 
GTW Castle Limited
 

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

2.Accounting policies (continued)


2.8
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.


3.


Employees

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


4.


Tangible fixed assets





Land

£



Cost or valuation


At 1 April 2023
65,750



At 31 March 2024

65,750






Net book value



At 31 March 2024
65,750


5.


Debtors

2024
2023
£
£


Other debtors
100
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
11,628
11,211

Other creditors
-
29,650

Accruals and deferred income
3,000
7,752

14,628
48,613



Page 5