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REGISTERED NUMBER: 01982302 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Gable (U.K.) Holdings Limited

Gable (U.K.) Holdings Limited (Registered number: 01982302)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 11

Gable (U.K.) Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Wilson
Mrs I J Wilson
V G Venus



REGISTERED OFFICE: 17-19 Station Road
Hayling Island
Hampshire
PO11 0EA



REGISTERED NUMBER: 01982302 (England and Wales)



ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ



SOLICITORS: Blake Lapthorn
Newcourt
1 Barnes Wallis Road
Segensworth
Fareham
Hants

Gable (U.K.) Holdings Limited (Registered number: 01982302)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,575
Tangible assets 5 1,737,134 1,684,254
Investments 6 468 543
Investment property 7 500,000 500,000
2,237,602 2,186,372

CURRENT ASSETS
Debtors 8 327,367 404,248
Cash at bank 34,278 43,642
361,645 447,890
CREDITORS
Amounts falling due within one year 9 266,001 103,892
NET CURRENT ASSETS 95,644 343,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,333,246

2,530,370

CREDITORS
Amounts falling due after more than one
year

10

(59,736

)

(28,964

)

PROVISIONS FOR LIABILITIES (296,332 ) (282,534 )
NET ASSETS 1,977,178 2,218,872

CAPITAL AND RESERVES
Called up share capital 12 500 500
Share premium 156,188 156,188
Capital redemption reserve 500 500
Non-distributable reserves 13 1,126,118 1,126,118
Retained earnings 693,872 935,566
SHAREHOLDERS' FUNDS 1,977,178 2,218,872

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.

Gable (U.K.) Holdings Limited (Registered number: 01982302)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





P Wilson - Director


Gable (U.K.) Holdings Limited (Registered number: 01982302)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gable (U.K.) Holdings 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.

Monetary amounts in these financial statements are rounded to the nearest whole £1, except where otherwise indicated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Gable (U.K.) Holdings Limited (Registered number: 01982302)

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 balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 15,443
AMORTISATION
At 1 April 2023 13,868
Charge for year 1,575
At 31 March 2024 15,443
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,575

Gable (U.K.) Holdings Limited (Registered number: 01982302)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 1,500,000 44,931 108,675
Additions - - -
Disposals - - -
At 31 March 2024 1,500,000 44,931 108,675
DEPRECIATION
At 1 April 2023 - 39,312 87,054
Charge for year - 560 2,165
Eliminated on disposal - - -
At 31 March 2024 - 39,872 89,219
NET BOOK VALUE
At 31 March 2024 1,500,000 5,059 19,456
At 31 March 2023 1,500,000 5,619 21,621

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 316,234 86,041 2,055,881
Additions 119,550 2,878 122,428
Disposals (19,500 ) - (19,500 )
At 31 March 2024 416,284 88,919 2,158,809
DEPRECIATION
At 1 April 2023 165,855 79,406 371,627
Charge for year 55,400 6,580 64,705
Eliminated on disposal (14,657 ) - (14,657 )
At 31 March 2024 206,598 85,986 421,675
NET BOOK VALUE
At 31 March 2024 209,686 2,933 1,737,134
At 31 March 2023 150,379 6,635 1,684,254

Gable (U.K.) Holdings Limited (Registered number: 01982302)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2002 229,830 - -
Valuation in 2005 84,615 - -
Valuation in 2018 447,270 - -
Valuation in 2021 125,000 - -
Valuation in 2022 125,000 - -
Cost 488,285 44,931 108,675
1,500,000 44,931 108,675

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2002 - - 229,830
Valuation in 2005 - - 84,615
Valuation in 2018 - - 447,270
Valuation in 2021 - - 125,000
Valuation in 2022 - - 125,000
Cost 416,284 88,919 1,147,094
416,284 88,919 2,158,809

If Freehold Land and Buildings had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 488,285 488,285

Freehold Land and Buildings were valued on an open market basis on 31 March 2022 by P Wilson, a director of the company. .

Gable (U.K.) Holdings Limited (Registered number: 01982302)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 April 2023 143,435
Additions 91,750
At 31 March 2024 235,185
DEPRECIATION
At 1 April 2023 48,983
Charge for year 42,129
At 31 March 2024 91,112
NET BOOK VALUE
At 31 March 2024 144,073
At 31 March 2023 94,452

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2023 343 200 543
Disposals (75 ) - (75 )
At 31 March 2024 268 200 468
NET BOOK VALUE
At 31 March 2024 268 200 468
At 31 March 2023 343 200 543

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 500,000
NET BOOK VALUE
At 31 March 2024 500,000
At 31 March 2023 500,000

Gable (U.K.) Holdings Limited (Registered number: 01982302)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2002 68,950
Valuation in 2005 25,385
Valuation in 2018 134,180
Valuation in 2021 37,500
Valuation in 2022 87,500
Cost 146,485
500,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 146,485 146,485

Investment Property was valued on an open market basis basis on 31 March 2022 by P Wilson, a director of the company. .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 165,346 82,210
Amounts owed by group undertakings 108,914 192,136
Other debtors 53,107 129,902
327,367 404,248

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 57,287 40,252
Trade creditors 17,408 33,449
Amounts owed to group undertakings 187,513 102
Tax 887 27,593
Social security and other taxes 182 10
Accrued expenses 2,724 2,486
266,001 103,892

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 59,736 28,964

Gable (U.K.) Holdings Limited (Registered number: 01982302)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 117,023 69,216

The bank loan is secured by way of a charge over the company land and buildings and a debenture on the banks standard form.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
300 Ordinary 'A' shares £1 300 300
200 Ordinary 'B' £1 200 200
500 500

13. RESERVES
Non-distribut
reserves
£   
At 1 April 2023
and 31 March 2024 1,126,118

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
P Wilson
Balance outstanding at start of year 86,530 (89,150 )
Amounts advanced 1,580 262,355
Amounts repaid (88,110 ) (86,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 86,530

At the period end, the director owed the company £88,110 (2023: £86,530) The loan is repayable on demand and interest is charged on the outstanding balance at 2% p.a.

15. ULTIMATE CONTROLLING PARTY

The controlling party is P Wilson.

Gable (U.K.) Holdings Limited

Report of the Accountants to the Directors of
Gable (U.K.) Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................