Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity2424falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06012283 2023-04-01 2024-03-31 06012283 2022-04-01 2023-03-31 06012283 2024-03-31 06012283 2023-03-31 06012283 c:Director2 2023-04-01 2024-03-31 06012283 d:FurnitureFittings 2023-04-01 2024-03-31 06012283 d:FurnitureFittings 2024-03-31 06012283 d:FurnitureFittings 2023-03-31 06012283 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06012283 d:ComputerEquipment 2023-04-01 2024-03-31 06012283 d:ComputerEquipment 2024-03-31 06012283 d:ComputerEquipment 2023-03-31 06012283 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06012283 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06012283 d:Goodwill 2023-04-01 2024-03-31 06012283 d:Goodwill 2024-03-31 06012283 d:Goodwill 2023-03-31 06012283 d:CurrentFinancialInstruments 2024-03-31 06012283 d:CurrentFinancialInstruments 2023-03-31 06012283 d:Non-currentFinancialInstruments 2024-03-31 06012283 d:Non-currentFinancialInstruments 2023-03-31 06012283 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06012283 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06012283 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06012283 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06012283 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 06012283 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 06012283 d:ShareCapital 2024-03-31 06012283 d:ShareCapital 2023-03-31 06012283 d:RetainedEarningsAccumulatedLosses 2024-03-31 06012283 d:RetainedEarningsAccumulatedLosses 2023-03-31 06012283 c:FRS102 2023-04-01 2024-03-31 06012283 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06012283 c:FullAccounts 2023-04-01 2024-03-31 06012283 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06012283 2 2023-04-01 2024-03-31 06012283 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 06012283 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06012283









GREY GABLES (NEW MILTON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GREY GABLES (NEW MILTON) LIMITED
REGISTERED NUMBER: 06012283

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
9,789

Tangible assets
 5 
19,547
12,702

  
19,547
22,491

Current assets
  

Stocks
  
2,500
2,500

Debtors: amounts falling due within one year
 6 
479,719
567,965

Cash at bank and in hand
 7 
76,336
50,246

  
558,555
620,711

Creditors: amounts falling due within one year
 8 
(257,169)
(251,454)

Net current assets
  
 
 
301,386
 
 
369,257

Total assets less current liabilities
  
320,933
391,748

Creditors: amounts falling due after more than one year
 9 
(13,004)
(22,683)

  

Net assets
  
307,929
369,065


Capital and reserves
  

Called up share capital 
  
320
320

Profit and loss account
  
307,609
368,745

  
307,929
369,065


Page 1

 
GREY GABLES (NEW MILTON) LIMITED
REGISTERED NUMBER: 06012283
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 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 by: 




R C Salter
Director

Date: 13 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
GREY GABLES (NEW MILTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Grey Gables (New Milton) Ltd is a private company, limited by shares, registered in England and Wales (registration number: 06012283) and registered office address is 29 Kemmard Road, New Milton, Hampshire, BH25 5JR.
The financial statements are presented in Sterling (£) which is the functional currency of the company.

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

Revenue

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 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

Borrowing costs

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

Page 3

 
GREY GABLES (NEW MILTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Page 4

 
GREY GABLES (NEW MILTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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 24 (2023 - 24).

Page 5

 
GREY GABLES (NEW MILTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
280,000



At 31 March 2024

280,000



Amortisation


At 1 April 2023
270,211


Charge for the year on owned assets
9,789



At 31 March 2024

280,000



Net book value



At 31 March 2024
-



At 31 March 2023
9,789



Page 6

 
GREY GABLES (NEW MILTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
149,826
8,848
158,674


Additions
11,456
1,012
12,468



At 31 March 2024

161,282
9,860
171,142



Depreciation


At 1 April 2023
138,282
7,690
145,972


Charge for the year on owned assets
5,151
472
5,623



At 31 March 2024

143,433
8,162
151,595



Net book value



At 31 March 2024
17,849
1,698
19,547



At 31 March 2023
11,544
1,158
12,702


6.


Debtors

2024
2023
£
£


Trade debtors
32,887
38,201

Amounts owed by group undertakings
390,396
520,816

Other debtors
54,643
7,000

Prepayments and accrued income
1,793
1,948

479,719
567,965


Page 7

 
GREY GABLES (NEW MILTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
76,336
50,246

76,336
50,246



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,435
9,706

Trade creditors
22,523
62,151

Amounts owed to group undertakings
45,865
113,741

Corporation tax
49,015
15,737

Other taxation and social security
18,301
13,421

Other creditors
109,030
33,698

Accruals and deferred income
3,000
3,000

257,169
251,454



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,004
22,683

13,004
22,683


Page 8

 
GREY GABLES (NEW MILTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,435
9,706


9,435
9,706


Amounts falling due 2-5 years

Bank loans
13,004
22,683


13,004
22,683


22,439
32,389


 
Page 9