Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-260Other letting and operating of own or leased real estatetruetrue 14617998 2023-01-25 14617998 2023-01-26 2024-03-31 14617998 2022-01-26 2023-01-25 14617998 2024-03-31 14617998 c:Director1 2023-01-26 2024-03-31 14617998 d:CurrentFinancialInstruments 2024-03-31 14617998 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14617998 d:ShareCapital 2023-01-26 2024-03-31 14617998 d:ShareCapital 2024-03-31 14617998 d:RetainedEarningsAccumulatedLosses 2023-01-26 2024-03-31 14617998 d:RetainedEarningsAccumulatedLosses 2024-03-31 14617998 c:FRS102 2023-01-26 2024-03-31 14617998 c:AuditExempt-NoAccountantsReport 2023-01-26 2024-03-31 14617998 c:FullAccounts 2023-01-26 2024-03-31 14617998 c:PrivateLimitedCompanyLtd 2023-01-26 2024-03-31 14617998 e:PoundSterling 2023-01-26 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14617998









IPE GILBERT STREET MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
IPE GILBERT STREET MANAGEMENT LIMITED
REGISTERED NUMBER: 14617998

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
131,756

Cash at bank and in hand
 5 
11,750

  
143,506

Creditors: amounts falling due within one year
 6 
(142,019)

Net current assets
  
 
 
1,487

Total assets less current liabilities
  
1,487

  

Net assets
  
1,487


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
1,387

  
1,487


The director considers 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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income 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 25 October 2024.




Nadia Momin Imam
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
IPE GILBERT STREET MANAGEMENT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
1,387
1,387


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
1,387
1,387


Contributions by and distributions to owners

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100


At 31 March 2024
100
1,387
1,487

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

Page 2

 
IPE GILBERT STREET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Enter user text here... 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
IPE GILBERT STREET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

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.

 
2.5

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.

 
2.6

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.


3.


Employees









The Company has no employees other than the directors, who did not receive any remuneration.


4.


Debtors

2024
£


Trade debtors
131,656

Other debtors
100

131,756


Page 4

 
IPE GILBERT STREET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
11,750

11,750



6.


Creditors: Amounts falling due within one year

2024
£

Other taxation and social security
16,980

Other creditors
125,039

142,019


Page 5