Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07257191 2023-04-01 2024-03-31 07257191 2022-04-01 2023-03-31 07257191 2024-03-31 07257191 2023-03-31 07257191 c:Director1 2023-04-01 2024-03-31 07257191 d:CurrentFinancialInstruments 2024-03-31 07257191 d:CurrentFinancialInstruments 2023-03-31 07257191 d:Non-currentFinancialInstruments 2024-03-31 07257191 d:Non-currentFinancialInstruments 2023-03-31 07257191 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07257191 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07257191 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07257191 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07257191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 07257191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 07257191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 07257191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07257191 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 07257191 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 07257191 d:ShareCapital 2024-03-31 07257191 d:ShareCapital 2023-03-31 07257191 d:RetainedEarningsAccumulatedLosses 2024-03-31 07257191 d:RetainedEarningsAccumulatedLosses 2023-03-31 07257191 c:FRS102 2023-04-01 2024-03-31 07257191 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07257191 c:FullAccounts 2023-04-01 2024-03-31 07257191 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07257191









THE GRADELINNIT COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
THE GRADELINNIT COMPANY LIMITED
REGISTERED NUMBER: 07257191

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
42,127
43,763

Cash at bank and in hand
  
846
3,848

  
42,973
47,611

Creditors: amounts falling due within one year
 5 
(904,226)
(904,740)

Net current liabilities
  
 
 
(861,253)
 
 
(857,129)

Total assets less current liabilities
  
(861,253)
(857,129)

Creditors: amounts falling due after more than one year
 6 
(41,440)
(46,250)

  

Net liabilities
  
(902,693)
(903,379)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(902,793)
(903,479)

  
(902,693)
(903,379)


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 period 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 10 November 2024.




M I Grade
Page 1

 
THE GRADELINNIT COMPANY LIMITED
REGISTERED NUMBER: 07257191
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

Director

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

Page 2

 
THE GRADELINNIT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

The Gradelinnit Company Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London NW3 5JS.

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

Going concern

The company is showing net liabilities at the balance sheet of £902,693. In order to continue trading it is dependent on funding from M Grade and M Linnit, directors of the company, who have confirmed their intention to continue to support the company for the foreseeable future.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of general management and producing services supplied during the year.

 
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 period in which they are incurred.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
THE GRADELINNIT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Trade debtors
-
1,590

Other debtors
42,127
42,173

42,127
43,763



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to other participating interests
49,570
50,000

Other taxation and social security
61
-

Other creditors
853,095
853,240

Accruals and deferred income
1,500
1,500

904,226
904,740



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
41,440
46,250

41,440
46,250


Page 4

 
THE GRADELINNIT COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
5,000
5,000


5,000
5,000

Amounts falling due 2-5 years

Bank loans
15,000
15,000


15,000
15,000

Amounts falling due after more than 5 years

Bank loans
21,440
26,250

21,440
26,250

41,440
46,250



8.


Related party transactions

At the balance sheet date creditors include £447,612 (2023: £447,757) and £405,483 (2023: £405,483) due to M Grade and M Linnit respectively, the directors of the company. 

 
Page 5