Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseEstate agents22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06508799 2024-01-01 2024-12-31 06508799 2023-01-01 2023-12-31 06508799 2024-12-31 06508799 2023-12-31 06508799 c:Director1 2024-01-01 2024-12-31 06508799 d:OfficeEquipment 2024-01-01 2024-12-31 06508799 d:OfficeEquipment 2024-12-31 06508799 d:OfficeEquipment 2023-12-31 06508799 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06508799 d:FreeholdInvestmentProperty 2024-12-31 06508799 d:FreeholdInvestmentProperty 2023-12-31 06508799 d:CurrentFinancialInstruments 2024-12-31 06508799 d:CurrentFinancialInstruments 2023-12-31 06508799 d:Non-currentFinancialInstruments 2024-12-31 06508799 d:Non-currentFinancialInstruments 2023-12-31 06508799 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06508799 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06508799 d:ShareCapital 2024-12-31 06508799 d:ShareCapital 2023-12-31 06508799 d:InvestmentPropertiesRevaluationReserve 2024-12-31 06508799 d:InvestmentPropertiesRevaluationReserve 2023-12-31 06508799 d:RetainedEarningsAccumulatedLosses 2024-12-31 06508799 d:RetainedEarningsAccumulatedLosses 2023-12-31 06508799 c:FRS102 2024-01-01 2024-12-31 06508799 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06508799 c:FullAccounts 2024-01-01 2024-12-31 06508799 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06508799 2 2024-01-01 2024-12-31 06508799 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 06508799










GARY SINTON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
GARY SINTON LIMITED
REGISTERED NUMBER: 06508799

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
664
885

Investment property
 5 
1,100,000
1,100,000

  
1,100,664
1,100,885

Current assets
  

Debtors: amounts falling due after more than one year
 6 
62,500
80,500

Debtors: amounts falling due within one year
 6 
67,315
18,000

Cash at bank and in hand
 7 
124,194
267,971

  
254,009
366,471

Creditors: amounts falling due within one year
 8 
(8,902)
(10,161)

Net current assets
  
 
 
245,107
 
 
356,310

Total assets less current liabilities
  
1,345,771
1,457,195

  

Net assets
  
1,345,771
1,457,195


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
(443,397)
(443,397)

Profit and loss account
  
1,789,068
1,900,492

  
1,345,771
1,457,195

Page 1

 
GARY SINTON LIMITED
REGISTERED NUMBER: 06508799
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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: 




G S Sinton
Director

Date: 19 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GARY SINTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London W1G 0PW.

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

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.
Rent receivable is recognised in the period for which it relates to. Rent is measured as the fair value
of the consideration receivable, net of VAT and is recognised in turnover. 

 
2.3

Interest income

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

 
2.4

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.
Page 3

 
GARY SINTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

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:

Office equipment
-
25%
reducing balance

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

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.


 
2.10

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.
Page 4

 
GARY SINTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Page 5

 
GARY SINTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.11

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 at an annual general meeting.


3.


Employees




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


4.


Tangible fixed assets





Office equipment

£



Cost 


At 1 January 2024
1,089



At 31 December 2024

1,089



Depreciation


At 1 January 2024
204


Charge for the year on owned assets
221



At 31 December 2024

425



Net book value



At 31 December 2024
664



At 31 December 2023
885

Page 6

 
GARY SINTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
1,100,000



At 31 December 2024
1,100,000







6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
62,500
80,500


2024
2023
£
£

Due within one year

Other debtors
67,315
18,000



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
124,194
267,971


Page 7

 
GARY SINTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
5,901
6,463

Other creditors
1
698

Accruals and deferred income
3,000
3,000

8,902
10,161



9.


Related party transactions

Included within other debtors due within one year is an amount owed from the director of £49,314 (2023: £686 creditor). This amount is repayable on demand.

 
Page 8