Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-31truefalse2023-01-01No description of principal activity33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13643310 2023-01-01 2023-12-31 13643310 2021-09-25 2022-12-31 13643310 2023-12-31 13643310 2022-12-31 13643310 c:Director1 2023-01-01 2023-12-31 13643310 d:CurrentFinancialInstruments 2023-12-31 13643310 d:CurrentFinancialInstruments 2022-12-31 13643310 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13643310 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13643310 d:ShareCapital 2023-12-31 13643310 d:ShareCapital 2022-12-31 13643310 d:RetainedEarningsAccumulatedLosses 2023-12-31 13643310 d:RetainedEarningsAccumulatedLosses 2022-12-31 13643310 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13643310 c:OrdinaryShareClass1 2023-12-31 13643310 c:OrdinaryShareClass1 2022-12-31 13643310 c:FRS102 2023-01-01 2023-12-31 13643310 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13643310 c:FullAccounts 2023-01-01 2023-12-31 13643310 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13643310 2 2023-01-01 2023-12-31 13643310 6 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13643310









GEN TWO REAL ESTATE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
GEN TWO REAL ESTATE LTD
REGISTERED NUMBER: 13643310

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
5
-

  
5
-

Current assets
  

Debtors: amounts falling due within one year
 5 
1,074,795
527,473

Cash at bank and in hand
 6 
80,229
56,312

  
1,155,024
583,785

Creditors: amounts falling due within one year
 7 
(820,370)
(491,270)

Net current assets
  
 
 
334,654
 
 
92,515

Total assets less current liabilities
  
334,659
92,515

  

Net assets
  
334,659
92,515


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
334,657
92,513

  
334,659
92,515


Page 1

 
GEN TWO REAL ESTATE LTD
REGISTERED NUMBER: 13643310
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 on 21 March 2025.




A Y Levy
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GEN TWO REAL ESTATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Gen Two Real Estate Limited is a private company limited by shares and incorporated in England & Wales (registered number 13643310). The registered office is 101 New Cavendish Street, 1st Floor South, England, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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:

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

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
GEN TWO REAL ESTATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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

 
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.


3.


Employees

The average monthly number of employees, including directors, during the Period was 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
5



At 31 December 2023
5




Page 4

 
GEN TWO REAL ESTATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
51,566
-

Amounts owed by group undertakings
1,023,229
527,473

1,074,795
527,473



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
80,229
56,309

80,229
56,309



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
202
120

Amounts owed to group undertakings
730,788
442,376

Corporation tax
-
21,701

Other taxation and social security
34,881
18,101

Other creditors
35,499
7,472

Accruals and deferred income
19,000
1,500

820,370
491,270



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 5