Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-06false2023-09-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02084229 2023-09-01 2024-08-31 02084229 2022-09-01 2023-08-31 02084229 2024-08-31 02084229 2023-08-31 02084229 c:Director3 2023-09-01 2024-08-31 02084229 d:FurnitureFittings 2023-09-01 2024-08-31 02084229 d:FurnitureFittings 2024-08-31 02084229 d:FurnitureFittings 2023-08-31 02084229 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02084229 d:ComputerEquipment 2023-09-01 2024-08-31 02084229 d:ComputerEquipment 2024-08-31 02084229 d:ComputerEquipment 2023-08-31 02084229 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02084229 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02084229 d:CurrentFinancialInstruments 2024-08-31 02084229 d:CurrentFinancialInstruments 2023-08-31 02084229 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 02084229 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 02084229 d:ShareCapital 2024-08-31 02084229 d:ShareCapital 2023-08-31 02084229 d:RetainedEarningsAccumulatedLosses 2024-08-31 02084229 d:RetainedEarningsAccumulatedLosses 2023-08-31 02084229 c:FRS102 2023-09-01 2024-08-31 02084229 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02084229 c:FullAccounts 2023-09-01 2024-08-31 02084229 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02084229 2 2023-09-01 2024-08-31 02084229 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 02084229









GALABARN PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
GALABARN PROPERTIES LIMITED
REGISTERED NUMBER: 02084229

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
1,857
2,321

Debtors: amounts falling due within one year
 5 
504,742
469,924

Cash at bank and in hand
 6 
36,270
40,136

  
541,012
510,060

Creditors: amounts falling due within one year
 7 
(8,783)
(4,616)

Net current assets
  
 
 
532,229
 
 
505,444

Total assets less current liabilities
  
534,086
507,765


Capital and reserves
  

Called up share capital 
  
60
60

Profit and loss account
  
534,026
507,705

  
534,086
507,765


Page 1

 
GALABARN PROPERTIES LIMITED
REGISTERED NUMBER: 02084229
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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: 




G Clarke
Director

Date: 6 May 2025

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

Page 2

 
GALABARN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Galabarn Properties Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The principal place of business is 213 Muswell Hill Broadway, Muswell Hill, London, N10 3RS.

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:

 
2.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
20%
Computer equipment
-
20%

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.

 
2.4

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.

Page 3

 
GALABARN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Interest income

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

 
2.8

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.



3.


Employees

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

Page 4

 
GALABARN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
18,973
7,852
26,825



At 31 August 2024

18,973
7,852
26,825



Depreciation


At 1 September 2023
18,973
5,531
24,504


Charge for the year on owned assets
-
464
464



At 31 August 2024

18,973
5,995
24,968



Net book value



At 31 August 2024
-
1,857
1,857



At 31 August 2023
-
2,321
2,321


5.


Debtors

2024
2023
£
£

Other debtors
504,742
467,174

Prepayments and accrued income
-
2,750

504,742
469,924



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
36,270
40,136


Page 5

 
GALABARN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
6,283
2,866

Accruals and deferred income
2,500
1,750

8,783
4,616


 
Page 6