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REGISTERED NUMBER: 07253012 (England and Wales)















GASCOINE HOARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GASCOINE HOARE LIMITED (REGISTERED NUMBER: 07253012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


GASCOINE HOARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs S J Gascoine
S P Hoare





REGISTERED OFFICE: 63 Park Road
Hampton Hill
Twickenham
London
TW12 1HX





REGISTERED NUMBER: 07253012 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

GASCOINE HOARE LIMITED (REGISTERED NUMBER: 07253012)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 64,726 42,556
Investment property 6 721,169 721,169
785,895 763,725

CURRENT ASSETS
Debtors 7 992,975 932,709
Cash at bank 242,930 357,339
1,235,905 1,290,048
CREDITORS
Amounts falling due within one year 8 9,848 35,901
NET CURRENT ASSETS 1,226,057 1,254,147
TOTAL ASSETS LESS CURRENT LIABILITIES 2,011,952 2,017,872

PROVISIONS FOR LIABILITIES 16,182 10,639
NET ASSETS 1,995,770 2,007,233

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,994,770 2,006,233
SHAREHOLDERS' FUNDS 1,995,770 2,007,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:




Mrs S J Gascoine - Director


GASCOINE HOARE LIMITED (REGISTERED NUMBER: 07253012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gascoine Hoare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue
Revenue represents the value of commissions for policies which have been put on risk or in relation to completed mortgages.

Intangible fixed assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


GASCOINE HOARE LIMITED (REGISTERED NUMBER: 07253012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Where the company has received commission from insurance providers, a provision has been made of the likely commission to be clawed back by the provider should any of the policies be cancelled before the end of the agreement term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

GASCOINE HOARE LIMITED (REGISTERED NUMBER: 07253012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 121,354
Additions 44,269
At 31 March 2024 165,623
DEPRECIATION
At 1 April 2023 78,798
Charge for year 22,099
At 31 March 2024 100,897
NET BOOK VALUE
At 31 March 2024 64,726
At 31 March 2023 42,556

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 721,169
NET BOOK VALUE
At 31 March 2024 721,169
At 31 March 2023 721,169

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 721,169

The directors have considered the value of investment property at 31 March 2024 to be equal to the cost of the property, having regard to market based evidence for similar properties sold in the local area.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 973,038 927,781
Directors' current accounts 19,937 4,928
992,975 932,709

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,960 32,901
Accrued expenses 3,888 3,000
9,848 35,901

GASCOINE HOARE LIMITED (REGISTERED NUMBER: 07253012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
350 Ordinary A £1 350 350
350 Ordinary B £1 350 350
300 Ordinary C £1 300 300
1,000 1,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S P Hoare
Balance outstanding at start of year 2,464 2,653
Amounts advanced 29,698 27,461
Amounts repaid (22,193 ) (27,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,969 2,464

Mrs S J Gascoine
Balance outstanding at start of year 2,464 2,653
Amounts advanced 24,368 13,711
Amounts repaid (16,863 ) (13,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,969 2,464

The loans made to the directors were unsecured, interest free and repayable on demand.