Caseware UK (AP4) 2024.0.164 2024.0.164 2024-01-312024-01-31false22023-02-01Development of building projects3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10574262 2023-02-01 2024-01-31 10574262 2024-01-31 10574262 2022-02-01 2023-01-31 10574262 2023-01-31 10574262 c:Director2 2023-02-01 2024-01-31 10574262 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 10574262 d:FreeholdInvestmentProperty 2024-01-31 10574262 d:FreeholdInvestmentProperty 2023-01-31 10574262 d:CurrentFinancialInstruments 2024-01-31 10574262 d:CurrentFinancialInstruments 2023-01-31 10574262 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10574262 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10574262 d:ShareCapital 2024-01-31 10574262 d:ShareCapital 2023-01-31 10574262 d:RetainedEarningsAccumulatedLosses 2024-01-31 10574262 d:RetainedEarningsAccumulatedLosses 2023-01-31 10574262 c:FRS102 2023-02-01 2024-01-31 10574262 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10574262 c:FullAccounts 2023-02-01 2024-01-31 10574262 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10574262 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 10574262


GS8 INVESTMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
GS8 INVESTMENTS LTD
REGISTERED NUMBER: 10574262

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
-
23,821

  
-
23,821

Current assets
  

Debtors: amounts falling due within one year
 5 
40,288
100

Cash at bank and in hand
 6 
1,221
228

  
41,509
328

Creditors: amounts falling due within one year
 7 
(44,081)
(31,023)

Net current liabilities
  
 
 
(2,572)
 
 
(30,695)

Total assets less current liabilities
  
(2,572)
(6,874)

  

Net liabilities
  
(2,572)
(6,874)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(2,672)
(6,974)

  
(2,572)
(6,874)


Page 1

 
GS8 INVESTMENTS LTD
REGISTERED NUMBER: 10574262
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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: 




Benjamin Spencer
Director

Date: 4 April 2025

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

Page 2

 
GS8 INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

GS8 Investments Ltd is a private company limited by share capital, registered in England and Wales.
The company's registration number is 10574262.
The company's registered office is 6a Hampstead High Street, London, England, NW3 1PR.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Borrowing costs

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

Page 3

 
GS8 INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Page 4

 
GS8 INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).


4.


Investment property


Freehold investment property

£





At 1 February 2023
23,821


Disposals
(23,821)



At 31 January 2024
-

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




Page 5

 
GS8 INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Amounts owed by associated undertakings
37,167
-

Other debtors
3,021
-

Called up share capital not paid
100
100

40,288
100



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,221
228

1,221
228



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
1,200
1,200

Trade creditors
15,600
1,160

Amounts owed to associated undertakings
14,556
16,499

Other creditors
10,725
10,724

Accruals and deferred income
2,000
1,440

44,081
31,023


 
Page 6