Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31true12023-04-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09043614 2023-04-01 2024-03-31 09043614 2022-04-01 2023-03-31 09043614 2024-03-31 09043614 2023-03-31 09043614 2022-04-01 09043614 c:Director1 2023-04-01 2024-03-31 09043614 d:OfficeEquipment 2023-04-01 2024-03-31 09043614 d:OfficeEquipment 2024-03-31 09043614 d:OfficeEquipment 2023-03-31 09043614 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09043614 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 09043614 d:OtherPropertyPlantEquipment 2024-03-31 09043614 d:OtherPropertyPlantEquipment 2023-03-31 09043614 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09043614 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09043614 d:CurrentFinancialInstruments 2024-03-31 09043614 d:CurrentFinancialInstruments 2023-03-31 09043614 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09043614 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09043614 d:ShareCapital 2023-04-01 2024-03-31 09043614 d:ShareCapital 2024-03-31 09043614 d:ShareCapital 2022-04-01 2023-03-31 09043614 d:ShareCapital 2023-03-31 09043614 d:ShareCapital 2022-04-01 09043614 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09043614 d:RetainedEarningsAccumulatedLosses 2024-03-31 09043614 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09043614 d:RetainedEarningsAccumulatedLosses 2023-03-31 09043614 d:RetainedEarningsAccumulatedLosses 2022-04-01 09043614 c:FRS102 2023-04-01 2024-03-31 09043614 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09043614 c:FullAccounts 2023-04-01 2024-03-31 09043614 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09043614 2 2023-04-01 2024-03-31 09043614 6 2023-04-01 2024-03-31 09043614 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 09043614






GB PROP LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
GB PROP LIMITED
REGISTERED NUMBER: 09043614

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,688
10,286

Investments
 5 
7,238,620
7,221,895

  
7,255,308
7,232,181

Current assets
  

Debtors: amounts falling due within one year
 6 
-
63,415

Cash at bank and in hand
 7 
416,698
234,791

  
416,698
298,206

Creditors: amounts falling due within one year
 8 
(3,462,383)
(3,559,587)

Net current liabilities
  
 
 
(3,045,685)
 
 
(3,261,381)

Total assets less current liabilities
  
4,209,623
3,970,800

  

Net assets
  
4,209,623
3,970,800


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
4,209,620
3,970,797

  
4,209,623
3,970,800


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.



 
Page 1

 
GB PROP LIMITED
REGISTERED NUMBER: 09043614
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


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 17 March 2025.




GJ Bosher
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
GB PROP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
3
4,114,852
4,114,855


Comprehensive income for the year

Loss for the year

-
(144,055)
(144,055)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(144,055)
(144,055)


Total transactions with owners
-
-
-



At 1 April 2023
3
3,970,797
3,970,800


Comprehensive income for the year

Profit for the year

-
238,823
238,823


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
238,823
238,823


Total transactions with owners
-
-
-


At 31 March 2024
3
4,209,620
4,209,623


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
GB PROP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

GB Prop Limited is a private company limited by shares and incorpoirated in England and Wales. its registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

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

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
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

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

 
GB PROP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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
-
33%
Other fixed assets
-
33%

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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
Page 5

 
GB PROP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 April 2023
31,847
4,415
36,262


Additions
3,613
11,329
14,942



At 31 March 2024

35,460
15,744
51,204



Depreciation


At 1 April 2023
25,608
368
25,976


Charge for the year on owned assets
3,921
4,619
8,540



At 31 March 2024

29,529
4,987
34,516



Net book value



At 31 March 2024
5,931
10,757
16,688



At 31 March 2023
6,239
4,047
10,286

Page 6

 
GB PROP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 April 2023
1
7,221,894
7,221,895


Disposals
(1)
-
(1)


Revaluations
-
16,726
16,726



At 31 March 2024
-
7,238,620
7,238,620




Page 7

 
GB PROP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
-
63,415

-
63,415



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
416,698
234,791

416,698
234,791



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
20,340
17,087

Amounts owed to group undertakings
-
426

Other creditors
3,434,318
3,534,349

Accruals and deferred income
7,725
7,725

3,462,383
3,559,587



9.


Related party transactions

As at 31 March 2024 £3,434,318 (2023: £3,534,347) was owed by the company to its director by virtue of a directors current account. This amount is interest free and has no fixed repayment terms.
On 22 August 2023 GBFF Limited, a subsidiary company, was dissolved. £426 was owed to GBFF Limited by the company and was written back on the dissolution date.

 
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