Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false22023-06-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08530694 2023-06-01 2024-05-31 08530694 2022-06-01 2023-05-31 08530694 2024-05-31 08530694 2023-05-31 08530694 c:Director1 2023-06-01 2024-05-31 08530694 d:CurrentFinancialInstruments 2024-05-31 08530694 d:CurrentFinancialInstruments 2023-05-31 08530694 d:Non-currentFinancialInstruments 2024-05-31 08530694 d:Non-currentFinancialInstruments 2023-05-31 08530694 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08530694 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08530694 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 08530694 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08530694 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 08530694 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 08530694 d:ShareCapital 2024-05-31 08530694 d:ShareCapital 2023-05-31 08530694 d:RetainedEarningsAccumulatedLosses 2024-05-31 08530694 d:RetainedEarningsAccumulatedLosses 2023-05-31 08530694 c:FRS102 2023-06-01 2024-05-31 08530694 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08530694 c:FullAccounts 2023-06-01 2024-05-31 08530694 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08530694 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 08530694










G B PROPERTY LETTINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
G B PROPERTY LETTINGS LIMITED
REGISTERED NUMBER: 08530694

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
99,453
43,785

Cash at bank and in hand
  
1,345
7,760

  
100,798
51,545

Creditors: amounts falling due within one year
  
(88,233)
(28,155)

Net current assets
  
 
 
12,565
 
 
23,390

Total assets less current liabilities
  
12,565
23,390

Creditors: amounts falling due after more than one year
  
(10,000)
(20,000)

  

Net assets
  
2,565
3,390


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,465
3,290

  
2,565
3,390


Page 1

 
G B PROPERTY LETTINGS LIMITED
REGISTERED NUMBER: 08530694
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 income statement 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 Byrne
Director

Date: 25 February 2025

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

Page 2

 
G B PROPERTY LETTINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

G B Property Lettings Limited is a private company limited by shares and incorporated in England and Wales, registration number 08530694. The registered office is Woodland Farm Industrial Estate, Shortthorn Road, Stratton Strawless, Norwich, Norfolk, United Kingdom, NR10 5NU.

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.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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

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.

 
2.4

Borrowing costs

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

Page 3

 
G B PROPERTY LETTINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.10

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.

Page 4

 
G B PROPERTY LETTINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

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


4.


Debtors

2024
2023
£
£


Amounts owed by associates
99,453
43,785

99,453
43,785



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Corporation tax
10,188
15,935

Other creditors
65,725
600

Accruals and deferred income
2,320
1,620

88,233
28,155


Included within other creditors at the year end were amounts owed to the Directors of £65,125 (2023: £nil). The loan is repayable on demand and no interest is charged on the balance outstanding.


6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
20,000

10,000
20,000


Page 5

 
G B PROPERTY LETTINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
20,000


10,000
20,000



20,000
30,000


 
Page 6