Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-302024-03-30truefalse2023-11-01No description of principal activity034trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11582003 2023-11-01 2024-03-30 11582003 2022-11-01 2023-10-31 11582003 2024-03-30 11582003 2023-10-31 11582003 2022-11-01 11582003 c:Director2 2023-11-01 2024-03-30 11582003 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-03-30 11582003 d:Buildings d:LongLeaseholdAssets 2024-03-30 11582003 d:Buildings d:LongLeaseholdAssets 2023-10-31 11582003 d:OfficeEquipment 2023-11-01 2024-03-30 11582003 d:OfficeEquipment 2024-03-30 11582003 d:OfficeEquipment 2023-10-31 11582003 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-03-30 11582003 d:OwnedOrFreeholdAssets 2023-11-01 2024-03-30 11582003 d:CurrentFinancialInstruments 2024-03-30 11582003 d:CurrentFinancialInstruments 2023-10-31 11582003 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 11582003 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11582003 d:ShareCapital 2023-11-01 2024-03-30 11582003 d:ShareCapital 2024-03-30 11582003 d:ShareCapital 2022-11-01 2023-10-31 11582003 d:ShareCapital 2023-10-31 11582003 d:ShareCapital 2022-11-01 11582003 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-03-30 11582003 d:RetainedEarningsAccumulatedLosses 2024-03-30 11582003 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 11582003 d:RetainedEarningsAccumulatedLosses 2023-10-31 11582003 d:RetainedEarningsAccumulatedLosses 2022-11-01 11582003 c:FRS102 2023-11-01 2024-03-30 11582003 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-03-30 11582003 c:FullAccounts 2023-11-01 2024-03-30 11582003 c:PrivateLimitedCompanyLtd 2023-11-01 2024-03-30 11582003 e:PoundSterling 2023-11-01 2024-03-30 iso4217:GBP xbrli:pure

Registered number: 11582003









GOPAL'S CORNER LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2024

 
GOPAL'S CORNER LTD
REGISTERED NUMBER: 11582003

BALANCE SHEET
AS AT 30 MARCH 2024

30 March
31 October
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
278,072
312,070

  
278,072
312,070

Current assets
  

Debtors: amounts falling due within one year
 5 
883,607
186,484

Cash at bank and in hand
 6 
53,952
317,909

  
937,559
504,393

Creditors: amounts falling due within one year
 7 
(349,856)
(182,485)

Net current assets
  
 
 
587,703
 
 
321,908

Total assets less current liabilities
  
865,775
633,978

  

Net assets
  
865,775
633,978


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
865,675
633,878

  
865,775
633,978


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 period 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 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: 



Page 1

 
GOPAL'S CORNER LTD
REGISTERED NUMBER: 11582003
    
BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2024


................................................
Sugendran Gopalai
Director

Date: 20 March 2025

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

Page 2

 

 
GOPAL'S CORNER LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 MARCH 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 November 2022
100
504,274
504,374





Profit for the year
-
158,104
158,104

Total comprehensive income for the year
-
158,104
158,104


Dividends: Equity capital
-
(28,500)
(28,500)



Total transactions with owners
-
(28,500)
(28,500)





At 1 November 2023
100
633,878
633,978





Profit for the period
-
231,797
231,797

Total comprehensive income for the period
-
231,797
231,797



At 30 March 2024
100
865,675
865,775



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

Page 3

 
GOPAL'S CORNER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

1.


General information

Gopal's Corner Ltd is a private company, limited by shares, registered in England and Wales, registration number and registered office address are as below
Company number : 11582003
Office address : 40 Doric Way, London, England, NW1 1LH

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 4

 
GOPAL'S CORNER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
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 period in which they are incurred.

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

 
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.

Page 5

 
GOPAL'S CORNER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

2.Accounting policies (continued)


2.7
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:

Long-term leasehold property
-
20%
Office equipment
-
20%

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

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.

 
2.9

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.

 
2.10

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 period was 0 (2023 - 34).

Page 6

 
GOPAL'S CORNER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

4.


Tangible fixed assets







Long-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
263,361
143,317
406,678


Disposals
-
(120)
(120)



At 30 March 2024

263,361
143,197
406,558



Depreciation


At 1 November 2023
61,451
33,156
94,607


Charge for the period on owned assets
21,946
11,933
33,879



At 30 March 2024

83,397
45,089
128,486



Net book value



At 30 March 2024
179,964
98,108
278,072



At 31 October 2023
201,910
110,160
312,070


5.


Debtors

30 March
31 October
2024
2023
£
£


Trade debtors
57,592
82,096

Amounts owed by group undertakings
773,009
50,000

Other debtors
52,600
54,388

Prepayments and accrued income
406
-

883,607
186,484


Page 7

 
GOPAL'S CORNER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

6.


Cash and cash equivalents

30 March
31 October
2024
2023
£
£

Cash at bank and in hand
53,952
317,909

53,952
317,909



7.


Creditors: Amounts falling due within one year

30 March
31 October
2024
2023
£
£

Other loans
15,076
-

Trade creditors
181,296
65,135

Corporation tax
18,980
11,568

Other taxation and social security
89,185
93,384

Other creditors
-
10,648

Accruals and deferred income
45,319
1,750

349,856
182,485



8.


Loans


30 March
31 October
2024
2023
£
£

Amounts falling due within one year

Other loans
15,076
-


15,076
-




15,076
-


 
Page 8