Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02846637 2023-04-01 2024-03-31 02846637 2022-04-01 2023-03-31 02846637 2024-03-31 02846637 2023-03-31 02846637 2022-04-01 02846637 c:Director3 2023-04-01 2024-03-31 02846637 d:Buildings 2023-04-01 2024-03-31 02846637 d:Buildings 2024-03-31 02846637 d:Buildings 2023-03-31 02846637 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02846637 d:CurrentFinancialInstruments 2024-03-31 02846637 d:CurrentFinancialInstruments 2023-03-31 02846637 d:Non-currentFinancialInstruments 2024-03-31 02846637 d:Non-currentFinancialInstruments 2023-03-31 02846637 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02846637 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02846637 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02846637 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02846637 d:ShareCapital 2024-03-31 02846637 d:ShareCapital 2023-03-31 02846637 d:RetainedEarningsAccumulatedLosses 2024-03-31 02846637 d:RetainedEarningsAccumulatedLosses 2023-03-31 02846637 c:FRS102 2023-04-01 2024-03-31 02846637 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02846637 c:FullAccounts 2023-04-01 2024-03-31 02846637 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02846637 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02846637 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02846637 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

02846637







GARD HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2024

































GARD HOLDINGS LIMITED
REGISTERED NUMBER:02846637

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
545,562
585,460

Investments
 5 
10,100
10,100

  
555,662
595,560

Current assets
  

Debtors due within one year
  
572,080
516,281

Bank and cash balances
  
267,792
284,673

  
839,872
800,954

Creditors: amounts falling due within one year
 7 
(667,054)
(667,600)

Net current assets
  
 
 
172,818
 
 
133,354

Total assets less current liabilities
  
728,480
728,914

Creditors: amounts falling due after more than one year
 8 
(286,840)
(346,601)

Provisions for liabilities
  

Deferred tax
 9 
(9,612)
(10,789)

  
 
 
(9,612)
 
 
(10,789)

Net assets
  
432,028
371,524


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
422,028
361,524

  
432,028
371,524


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.

Page 1

GARD HOLDINGS LIMITED
REGISTERED NUMBER:02846637
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 by: 




S. G. Tickle
Director

Date: 26 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

GARD HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Gard Holdings Limited ("the Company") is a limited company domiciled and incorporated in England.
The address of the Company's registered office and principal place of business is The Arnold Business Park, Branbridges Road, East Peckham, Tonbridge, Kent, TN12 5LG.

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

The financial statements have been presented in Pounds Sterling rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue relates to rental income received for the use of the company's property. It is recognised on a monthly basis over the financial year, exclusive of Value Added Tax.  

 
2.3

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.

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.

Depreciation is provided on the following basis:

Freehold property
-
3.33% straight line

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

GARD HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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

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.

 
2.9

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

 Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

GARD HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

GARD HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
1,301,947



At 31 March 2024

1,301,947



Depreciation


At 1 April 2023
716,487


Charge for the year on owned assets
39,898



At 31 March 2024

756,385



Net book value



At 31 March 2024
545,562



At 31 March 2023
585,460


Included in land and buildings is freehold land at cost of £105,000 (2023: £105,000), which is not depreciated. 


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
10,100



At 31 March 2024
10,100




Page 6

GARD HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
572,080
515,266

Other debtors
-
1,015

572,080
516,281



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
64,042
59,358

Trade creditors
-
5,310

Amounts owed to group undertakings
568,932
582,055

Corporation tax
30,595
20,877

Accruals and deferred income
3,485
-

667,054
667,600


The bank loan is secured by a legal charge over the freehold land and buildings together with a guarantee of £650,000 from Gard Plasticases Limited, a subsidiary undertaking. 


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
286,840
346,601


Secured loans
The bank loans are secured by a legal charge over the freehold land and buildings together with a guarantee of £650,000 from Gard Plasticases Limited, a subsidiary undertaking. 
The aggregate amount of secured debt at the year-end was £350,882 (2023: £405,959). An amount of £118,449 (2023: £128,501) is due in more than 5 years. 

Page 7

GARD HOLDINGS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(10,789)
(7,962)


Charged to profit or loss
1,177
(2,827)



At end of year
(9,612)
(10,789)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
9,612
10,789

 
Page 8