Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse22 13073486 2023-07-01 2024-06-30 13073486 2022-07-01 2023-06-30 13073486 2024-06-30 13073486 2023-06-30 13073486 c:Director1 2023-07-01 2024-06-30 13073486 d:Buildings 2023-07-01 2024-06-30 13073486 d:Buildings 2024-06-30 13073486 d:Buildings 2023-06-30 13073486 d:CurrentFinancialInstruments 2024-06-30 13073486 d:CurrentFinancialInstruments 2023-06-30 13073486 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13073486 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13073486 d:ShareCapital 2024-06-30 13073486 d:ShareCapital 2023-06-30 13073486 d:RetainedEarningsAccumulatedLosses 2024-06-30 13073486 d:RetainedEarningsAccumulatedLosses 2023-06-30 13073486 c:FRS102 2023-07-01 2024-06-30 13073486 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13073486 c:FullAccounts 2023-07-01 2024-06-30 13073486 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13073486 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 13073486









GAP V LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
GAP V LIMITED
REGISTERED NUMBER: 13073486

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
340,609

  
-
340,609

Current assets
  

Debtors: amounts falling due within one year
 5 
250,000
-

Cash at bank and in hand
 6 
122,303
1,413

  
372,303
1,413

Creditors: amounts falling due within one year
 7 
(345,459)
(358,142)

Net current assets/(liabilities)
  
 
 
26,844
 
 
(356,729)

Total assets less current liabilities
  
26,844
(16,120)

  

Net assets/(liabilities)
  
26,844
(16,120)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
26,843
(16,121)

  
26,844
(16,120)


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 on 15 November 2024.



Page 1

 
GAP V LIMITED
REGISTERED NUMBER: 13073486
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


Glynn Benson
Director

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

Page 2

 
GAP V LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Gap V Limited is a private company limited by shares, registered in the United Kingdom number 13073486. It's registered office is 7a Moorgate Point, Moorgate Road, Liverpool, L33 7XW. 
 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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.

 
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.

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:

Freehold property
-

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

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.

Page 3

 
GAP V LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

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


4.


Tangible fixed assets





Freehold property

£





At 1 July 2023
340,609


Disposals
(340,609)



At 30 June 2024

-






Net book value



At 30 June 2024
-



At 30 June 2023
340,609


5.


Debtors

2024
2023
£
£


Other debtors
250,000
-

250,000
-


Page 4

 
GAP V LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
122,303
1,413

122,303
1,413



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,196
-

Other creditors
337,183
357,182

Accruals and deferred income
1,080
960

345,459
358,142


 
Page 5