Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09406956 2024-01-01 2024-12-31 09406956 2023-01-01 2023-12-31 09406956 2024-12-31 09406956 2023-12-31 09406956 c:Director1 2024-01-01 2024-12-31 09406956 c:Director2 2024-01-01 2024-12-31 09406956 c:Director3 2024-01-01 2024-12-31 09406956 c:RegisteredOffice 2024-01-01 2024-12-31 09406956 d:FreeholdInvestmentProperty 2024-12-31 09406956 d:FreeholdInvestmentProperty 2023-12-31 09406956 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 09406956 d:CurrentFinancialInstruments 2024-12-31 09406956 d:CurrentFinancialInstruments 2023-12-31 09406956 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09406956 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09406956 d:ShareCapital 2024-12-31 09406956 d:ShareCapital 2023-12-31 09406956 d:RetainedEarningsAccumulatedLosses 2024-12-31 09406956 d:RetainedEarningsAccumulatedLosses 2023-12-31 09406956 c:FRS102 2024-01-01 2024-12-31 09406956 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09406956 c:FullAccounts 2024-01-01 2024-12-31 09406956 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09406956 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 09406956







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


GUEST EXPRESS HOLDINGS LIMITED






































img7e2c.png                        

 


GUEST EXPRESS HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Directors
D J Guest 
S A Guest 
N G Light 




Registered number
09406956



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


GUEST EXPRESS HOLDINGS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


GUEST EXPRESS HOLDINGS LIMITED
REGISTERED NUMBER:09406956



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,005,966
2,005,966

Investment property
 5 
3,000,000
4,500,000

  
5,005,966
6,505,966

Current assets
  

Debtors: amounts falling due within one year
 6 
393,050
406,243

Cash at bank and in hand
  
3,479
18,682

  
396,529
424,925

Creditors: amounts falling due within one year
 7 
(16,335)
(20,624)

Net current assets
  
 
 
380,194
 
 
404,301

Total assets less current liabilities
  
5,386,160
6,910,267

Provisions for liabilities
  

Deferred tax
  
(511,580)
(886,580)

  
 
 
(511,580)
 
 
(886,580)

Net assets
  
4,874,580
6,023,687


Capital and reserves
  

Called up share capital 
  
1,782,000
1,782,000

Profit and loss account
  
3,092,580
4,241,687

  
4,874,580
6,023,687


Page 1

 


GUEST EXPRESS HOLDINGS LIMITED
REGISTERED NUMBER:09406956


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 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 by: 




D J Guest
Director
Date: 27 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


GUEST EXPRESS HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Guest Express Holdings Limited is a private company limited by shares and incorporated in England and Wales.  The address of the registered office is given in the company information page of these financial statements.  The principle place of business is Unit 2, Colndale Road, Colnbrook, Berkshire, SL3 0HQ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.  

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is generated by management charges to subsidiary undertakings and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
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.

Page 3

 


GUEST EXPRESS HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 reporting 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 reporting 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 reporting date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 


GUEST EXPRESS HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
2,005,966



At 31 December 2024
2,005,966





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
4,500,000


Surplus on revaluation
(1,500,000)



At 31 December 2024
3,000,000

The 2024 valuations were made by Aitchison Raffety, 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
953,680
953,680

953,680
953,680

Page 5

 


GUEST EXPRESS HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
55,000
-

Amounts owed by associated undertakings
338,000
404,898

Other debtors
50
1,345

393,050
406,243



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
12,835
17,124

Accruals and deferred income
3,500
3,500

16,335
20,624


 
Page 6