Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30falsetrueProperty management42023-10-01false4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01036321 2023-10-01 2024-09-30 01036321 2022-10-01 2023-09-30 01036321 2024-09-30 01036321 2023-09-30 01036321 c:Director1 2023-10-01 2024-09-30 01036321 d:FreeholdInvestmentProperty 2024-09-30 01036321 d:FreeholdInvestmentProperty 2023-09-30 01036321 d:CurrentFinancialInstruments 2024-09-30 01036321 d:CurrentFinancialInstruments 2023-09-30 01036321 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01036321 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01036321 d:ShareCapital 2024-09-30 01036321 d:ShareCapital 2023-09-30 01036321 d:RevaluationReserve 2024-09-30 01036321 d:RevaluationReserve 2023-09-30 01036321 d:RetainedEarningsAccumulatedLosses 2024-09-30 01036321 d:RetainedEarningsAccumulatedLosses 2023-09-30 01036321 c:FRS102 2023-10-01 2024-09-30 01036321 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01036321 c:FullAccounts 2023-10-01 2024-09-30 01036321 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01036321 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 01036321










GLADEBOROUGH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
GLADEBOROUGH LIMITED
REGISTERED NUMBER: 01036321

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
2,140,603
2,140,603

  
2,140,603
2,140,603

Current assets
  

Debtors: amounts falling due within one year
 6 
79,725
88,298

Current asset investments
  
521,964
-

Cash at bank and in hand
  
335,783
834,883

  
937,472
923,181

Creditors: amounts falling due within one year
 7 
(181,428)
(186,200)

Net current assets
  
 
 
756,044
 
 
736,981

Total assets less current liabilities
  
2,896,647
2,877,584

Provisions for liabilities
  

Deferred tax
  
(42,499)
(42,869)

  
 
 
(42,499)
 
 
(42,869)

Net assets
  
2,854,148
2,834,715


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
624,459
624,089

Profit and loss account
  
2,229,589
2,210,526

  
2,854,148
2,834,715


Page 1

 
GLADEBOROUGH LIMITED
REGISTERED NUMBER: 01036321
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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: 




Ian Rees
Director

Date: 18 March 2025

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

Page 2

 
GLADEBOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Gladeborough Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address is 42b Morfa Road, Swansea, SA1 2EN.
The presentation currency of the financial statements is the Pound Sterling (£).
The figures presented in these financial statements are rounded to the nearest £.

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

Going concern

In preparing the financial statements, the directors have considered the current financial position of the company and likely future cashflows.
After making appropriate enquiries and examining those areas which could give rise to financial exposure, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable furture. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Turnover represents rent receivable from the company's investment properties situated in the UK.
Revenue is recognised evenly over the period to which it relates.

Page 3

 
GLADEBOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Investment property

The fair values of investment properties are assessed by the directors at each balance sheet date. Revaluation changes are recognised in the income statement. Surpluses and deficits on valuation are maintained in a non-distributable reserve.

  
2.6

Current asset investments

Current assets investments are initially stated at cost and subsequently stated at market value, with valuation adjustments recognised through profit and 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. 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.

Page 4

 
GLADEBOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.11

Related party exemption

The company has taken advantage of exemption, udner the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned group companies.

Page 5

 
GLADEBOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Valuation of investment properties
The fair values of investment properties are assessed by the directors at each balance sheet date. Revaluation changes are recognised in the income statement. Surpluses and deficits on valuation are
maintained in a non-distributable reserve.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.


4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
GLADEBOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
2,140,603



At 30 September 2024
2,140,603

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,473,274
1,473,274

1,473,274
1,473,274

Page 7

 
GLADEBOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
79,675
87,405

Prepayments and accrued income
50
893

79,725
88,298



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
337
16,209

Amounts owed to group undertakings
18,978
18,978

Corporation tax
66,333
55,308

Other taxation and social security
12,256
11,469

Other creditors
14,212
13,969

Accruals and deferred income
69,312
70,267

181,428
186,200


 
Page 8