Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false2023-08-01falsea44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01086357 2023-08-01 2024-07-31 01086357 2022-08-01 2023-07-31 01086357 2024-07-31 01086357 2023-07-31 01086357 c:Director1 2023-08-01 2024-07-31 01086357 d:FurnitureFittings 2023-08-01 2024-07-31 01086357 d:FurnitureFittings 2024-07-31 01086357 d:FurnitureFittings 2023-07-31 01086357 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01086357 d:FreeholdInvestmentProperty 2024-07-31 01086357 d:FreeholdInvestmentProperty 2023-07-31 01086357 d:CurrentFinancialInstruments 2024-07-31 01086357 d:CurrentFinancialInstruments 2023-07-31 01086357 d:Non-currentFinancialInstruments 2024-07-31 01086357 d:Non-currentFinancialInstruments 2023-07-31 01086357 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 01086357 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 01086357 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 01086357 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 01086357 d:ShareCapital 2024-07-31 01086357 d:ShareCapital 2023-07-31 01086357 d:CapitalRedemptionReserve 2024-07-31 01086357 d:CapitalRedemptionReserve 2023-07-31 01086357 d:InvestmentPropertiesRevaluationReserve 2024-07-31 01086357 d:InvestmentPropertiesRevaluationReserve 2023-07-31 01086357 d:RetainedEarningsAccumulatedLosses 2024-07-31 01086357 d:RetainedEarningsAccumulatedLosses 2023-07-31 01086357 c:OrdinaryShareClass1 2023-08-01 2024-07-31 01086357 c:OrdinaryShareClass1 2024-07-31 01086357 c:OrdinaryShareClass1 2023-07-31 01086357 c:FRS102 2023-08-01 2024-07-31 01086357 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01086357 c:FullAccounts 2023-08-01 2024-07-31 01086357 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01086357 2 2023-08-01 2024-07-31 01086357 6 2023-08-01 2024-07-31 01086357 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 01086357


GLADBROOK LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
GLADBROOK LIMITED
REGISTERED NUMBER:01086357

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,379
15,740

Investments
 5 
431,617
421,013

Investment property
 6 
728,644
728,644

  
1,173,640
1,165,397

Current assets
  

Debtors: amounts falling due within one year
 7 
32,952
12,924

Cash at bank and in hand
  
112,586
139,989

  
145,538
152,913

Creditors: amounts falling due within one year
 8 
(109,506)
(133,302)

Net current assets
  
 
 
36,032
 
 
19,611

Total assets less current liabilities
  
1,209,672
1,185,008

Creditors: amounts falling due after more than one year
 9 
(193,860)
(203,095)

Provisions for liabilities
  

Deferred tax
  
(69,559)
(69,559)

Net assets
  
946,253
912,354


Capital and reserves
  

Called up share capital 
 10 
130
130

Capital redemption reserve
  
11,052
11,052

Investment property reserve
  
335,250
335,250

Profit and loss account
  
599,821
565,922

  
946,253
912,354


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.
 
Page 1

 
GLADBROOK LIMITED
REGISTERED NUMBER:01086357
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024


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 on 20 March 2025.




S C Popat
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
GLADBROOK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Gladbrook Limited is a limited liability company incorporated in England and Wales, with its registered office at 10-11 Heathfield Terrace, London, W4 4JW.

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

Interest income

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

 
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.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
GLADBROOK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 provided on the following basis:

Fixtures and fittings
-
15%
reducing balance

 
2.7

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.

Page 4

 
GLADBROOK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

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

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price.

 
2.12

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.

 
2.13

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 5

 
GLADBROOK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 August 2023
35,447



At 31 July 2024

35,447



Depreciation


At 1 August 2023
19,707


Charge for the year on owned assets
2,361



At 31 July 2024

22,068



Net book value



At 31 July 2024
13,379



At 31 July 2023
15,740


5.


Fixed asset investments





Land
Other investments
Total

£
£
£



Cost or valuation


At 1 August 2023
61,376
359,637
421,013


Revaluations
-
10,604
10,604



At 31 July 2024
61,376
370,241
431,617




Page 6

 
GLADBROOK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Investment property


Investment property

£



Valuation


At 1 August 2023
728,644



At 31 July 2024
728,644

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

2024
2023
£
£

Revaluation reserve


At 1 August 2023
335,250
335,250

At 31 July 2024
335,250
335,250





7.


Debtors

2024
2023
£
£


Other debtors
32,952
12,924



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Taxation and social security
2,523
2,396

Other creditors
104,033
130,906

Accruals
2,950
-

109,506
133,302


Page 7

 
GLADBROOK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
193,860
203,095



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



130 (2023 - 130) Ordinary shares of £1.00 each
130
130


 
Page 8