Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity22true 10954101 2023-04-01 2024-03-31 10954101 2022-04-01 2023-03-31 10954101 2024-03-31 10954101 2023-03-31 10954101 c:Director2 2023-04-01 2024-03-31 10954101 d:OfficeEquipment 2023-04-01 2024-03-31 10954101 d:OfficeEquipment 2024-03-31 10954101 d:OfficeEquipment 2023-03-31 10954101 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 10954101 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 10954101 d:CurrentFinancialInstruments 2024-03-31 10954101 d:CurrentFinancialInstruments 2023-03-31 10954101 d:Non-currentFinancialInstruments 2024-03-31 10954101 d:Non-currentFinancialInstruments 2023-03-31 10954101 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10954101 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10954101 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10954101 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10954101 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10954101 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10954101 d:ShareCapital 2024-03-31 10954101 d:ShareCapital 2023-03-31 10954101 d:RetainedEarningsAccumulatedLosses 2024-03-31 10954101 d:RetainedEarningsAccumulatedLosses 2023-03-31 10954101 c:FRS102 2023-04-01 2024-03-31 10954101 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10954101 c:FullAccounts 2023-04-01 2024-03-31 10954101 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10954101 2 2023-04-01 2024-03-31 10954101 4 2023-04-01 2024-03-31 10954101 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10954101









GARDNOR GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GARDNOR GROUP LIMITED
REGISTERED NUMBER: 10954101

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 6 
135,000
135,000

  
135,000
135,000

Current assets
  

Debtors: amounts falling due within one year
 7 
148,186
340,992

Cash at bank and in hand
 8 
9,421
145,748

  
157,607
486,740

Creditors: amounts falling due within one year
 9 
(454,545)
(697,052)

Net current liabilities
  
 
 
(296,938)
 
 
(210,312)

Total assets less current liabilities
  
(161,938)
(75,312)

Creditors: amounts falling due after more than one year
 10 
(24,381)
(28,497)

  

Net liabilities
  
(186,319)
(103,809)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(186,419)
(103,909)

  
(186,319)
(103,809)


Page 1

 
GARDNOR GROUP LIMITED
REGISTERED NUMBER: 10954101
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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: 




N Swerner
Director

Date: 28 March 2025

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

Page 2

 
GARDNOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Gardnor Group Limited is a private company limited by shares and incorporated in England and Wales (Registered No. 10954101).
The registered office address of the Company is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH, and the principal place of business is 12-16 Portsdown Mews, London, NW11 7HD.
The principal activity of the company continued to be that of residential property development. 
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 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

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 £182,761. 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. 
 

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
GARDNOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

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:

Office 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.

 
2.10

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.

 
2.11

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

 
GARDNOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

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 2 (2023 - 2).


4.


Intangible assets




Website Costs

£



Cost


At 1 April 2023
2,500



At 31 March 2024

2,500



Amortisation


At 1 April 2023
2,500



At 31 March 2024

2,500



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 5

 
GARDNOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
819



At 31 March 2024

819



Depreciation


At 1 April 2023
819



At 31 March 2024

819



Net book value



At 31 March 2024
-



At 31 March 2023
1


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
135,000



At 31 March 2024
135,000






Page 6

 
GARDNOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2,000
340,892

Other debtors
146,086
-

Called up share capital not paid
100
100

148,186
340,992



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,421
145,748

9,421
145,748



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Amounts owed to group undertakings
30,755
-

Other taxation and social security
4,687
3,812

Other creditors
404,603
678,740

Accruals and deferred income
4,500
4,500

454,545
697,052



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
24,381
28,497

24,381
28,497


Page 7

 
GARDNOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
24,381
28,497



34,381
38,497


 
Page 8