Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31No description of principal activity2023-04-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08982304 2023-04-01 2024-03-31 08982304 2022-04-01 2023-03-31 08982304 2024-03-31 08982304 2023-03-31 08982304 c:Director1 2023-04-01 2024-03-31 08982304 d:ComputerEquipment 2023-04-01 2024-03-31 08982304 d:ComputerEquipment 2024-03-31 08982304 d:ComputerEquipment 2023-03-31 08982304 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08982304 d:CurrentFinancialInstruments 2024-03-31 08982304 d:CurrentFinancialInstruments 2023-03-31 08982304 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08982304 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08982304 d:ShareCapital 2024-03-31 08982304 d:ShareCapital 2023-03-31 08982304 d:OtherMiscellaneousReserve 2024-03-31 08982304 d:OtherMiscellaneousReserve 2023-03-31 08982304 d:RetainedEarningsAccumulatedLosses 2024-03-31 08982304 d:RetainedEarningsAccumulatedLosses 2023-03-31 08982304 c:FRS102 2023-04-01 2024-03-31 08982304 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08982304 c:FullAccounts 2023-04-01 2024-03-31 08982304 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08982304 2 2023-04-01 2024-03-31 08982304 6 2023-04-01 2024-03-31 08982304 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08982304









GARDNOR PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GARDNOR PROPERTIES LTD
REGISTERED NUMBER: 08982304

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
350
699

Investments
 5 
43,260
43,260

  
43,610
43,959

Current assets
  

Stocks
 6 
64,945
64,945

Debtors: amounts falling due within one year
 7 
1,618,065
1,392,966

Cash at bank and in hand
 8 
836
144,767

  
1,683,846
1,602,678

Creditors: amounts falling due within one year
 9 
(2,083,891)
(2,006,550)

Net current liabilities
  
 
 
(400,045)
 
 
(403,872)

Total assets less current liabilities
  
(356,435)
(359,913)

  

Net liabilities
  
(356,435)
(359,913)


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
(597)
(597)

Profit and loss account
  
(355,938)
(359,416)

  
(356,435)
(359,913)


Page 1

 
GARDNOR PROPERTIES LTD
REGISTERED NUMBER: 08982304
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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: 




J Davidson
Director

Date: 28 March 2025

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

Page 2

 
GARDNOR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Gardnor Properties Limited is a private company limited by shares and incorporated in England and Wales (registered number 08982304).
The registered office is 101 New Cavendish Street, First Floor South, London, W1W 6XH.
The principal activity of the company continued to be that of development of building projects.
The financial statements are presented in Sterling, which is the functional currency of the company.

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

The financial statements have been prepared on the going concern basis. The company is dependent on the directors and shareholders for financial support, which the director is confident will continue for a period of at least 12 months following the approval of these financial statements.
As at 31 March 2024, the company had net liabilities of £356,435. The director and shareholder has indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of
financial support by the director and shareholder.

Page 3

 
GARDNOR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

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 4

 
GARDNOR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
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:

Computer equipment
-
25%

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.

 
2.9

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 balance sheet 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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 5

 
GARDNOR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

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 year was 1 (2023 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
5,938



At 31 March 2024

5,938



Depreciation


At 1 April 2023
5,239


Charge for the year on owned assets
349



At 31 March 2024

5,588



Net book value



At 31 March 2024
350



At 31 March 2023
699

Page 6

 
GARDNOR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
43,260



At 31 March 2024
43,260





6.


Stocks

2024
2023
£
£

Stock
64,945
64,945

64,945
64,945




Page 7

 
GARDNOR PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
786,209
1,274,509

Other debtors
831,856
118,457

1,618,065
1,392,966



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
836
144,767

Less: bank overdrafts
-
(20)

836
144,747



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
20

Amounts owed to other participating interests
25,001
-

Corporation tax
-
4,292

Other creditors
2,055,290
2,000,238

Accruals and deferred income
3,600
2,000

2,083,891
2,006,550


 
Page 8