Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity75falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12513336 2023-04-01 2024-03-31 12513336 2022-04-01 2023-03-31 12513336 2024-03-31 12513336 2023-03-31 12513336 c:Director1 2023-04-01 2024-03-31 12513336 c:Director2 2023-04-01 2024-03-31 12513336 c:RegisteredOffice 2023-04-01 2024-03-31 12513336 d:OfficeEquipment 2023-04-01 2024-03-31 12513336 d:OfficeEquipment 2024-03-31 12513336 d:OfficeEquipment 2023-03-31 12513336 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12513336 d:ComputerEquipment 2023-04-01 2024-03-31 12513336 d:ComputerEquipment 2024-03-31 12513336 d:ComputerEquipment 2023-03-31 12513336 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12513336 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12513336 d:CurrentFinancialInstruments 2024-03-31 12513336 d:CurrentFinancialInstruments 2023-03-31 12513336 d:Non-currentFinancialInstruments 2024-03-31 12513336 d:Non-currentFinancialInstruments 2023-03-31 12513336 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12513336 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12513336 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12513336 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12513336 d:ShareCapital 2024-03-31 12513336 d:ShareCapital 2023-03-31 12513336 d:RetainedEarningsAccumulatedLosses 2024-03-31 12513336 d:RetainedEarningsAccumulatedLosses 2023-03-31 12513336 c:FRS102 2023-04-01 2024-03-31 12513336 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12513336 c:FullAccounts 2023-04-01 2024-03-31 12513336 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12513336 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 12513336







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


GRESHAM FINANCIAL STRATEGIES LTD






































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GRESHAM FINANCIAL STRATEGIES LTD
 


 
COMPANY INFORMATION


Directors
D H Turner 
G W Thomas 




Registered number
12513336



Registered office
840 Sallsbury House
London Wall

London

EC2M 5QQ




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


GRESHAM FINANCIAL STRATEGIES LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


GRESHAM FINANCIAL STRATEGIES LTD
REGISTERED NUMBER:12513336



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,501
6,834

  
5,501
6,834

Current assets
  

Debtors: amounts falling due within one year
 5 
238,142
182,124

Cash at bank and in hand
  
118,499
141,394

  
356,641
323,518

Creditors: amounts falling due within one year
 6 
(126,392)
(104,820)

Net current assets
  
 
 
230,249
 
 
218,698

Total assets less current liabilities
  
235,750
225,532

Creditors: amounts falling due after more than one year
 7 
(48,000)
(60,000)

  

Net assets
  
187,750
165,532


Capital and reserves
  

Called up share capital 
  
15,000
15,000

Profit and loss account
  
172,750
150,532

  
187,750
165,532


Page 1

 


GRESHAM FINANCIAL STRATEGIES LTD
REGISTERED NUMBER:12513336


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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.

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: 




G W Thomas
Director

Date: 29 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


GRESHAM FINANCIAL STRATEGIES LTD
 


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

1.


General information

Gresham Financial Strategies Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.  
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is generated via fees received in respect of independent financial advice as well as commissions received, all arising in the United Kingdom and is measured as the fair value of the consideration received or receivable.

 
2.3

Interest income

Interest income is recognised in profit or loss as received within 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

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

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 reporting date in the countries where the Company operates and generates income.

Page 3

 


GRESHAM FINANCIAL STRATEGIES LTD
 


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

2.Accounting policies (continued)

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Straight line
Computer equipment
-
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.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 5).

Page 4

 


GRESHAM FINANCIAL STRATEGIES LTD
 


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

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
3,962
5,880
9,842


Additions
-
1,494
1,494



At 31 March 2024

3,962
7,374
11,336



Depreciation


At 1 April 2023
2,378
630
3,008


Charge for the year on owned assets
793
2,034
2,827



At 31 March 2024

3,171
2,664
5,835



Net book value



At 31 March 2024
791
4,710
5,501



At 31 March 2023
1,584
5,250
6,834

Page 5

 


GRESHAM FINANCIAL STRATEGIES LTD
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
13,247
594

Amounts owed by group undertakings
209,400
164,846

Prepayments and accrued income
15,495
16,684

238,142
182,124



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,240
14,262

Corporation tax
97,454
79,314

Other taxation and social security
10,253
7,177

Other creditors
1,145
1,067

Accruals and deferred income
3,300
3,000

126,392
104,820



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
48,000
60,000

48,000
60,000


Included within other creditors due after one year are amounts due to directors of £48,000 (2023: £60,000). The directors paid interest on these amounts during the year, the loans are repayable on demand.

 
Page 6