Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-2322023-06-01falseThe principal activity of the company in the year under review was that of the buying, selling and management of real estate.2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10192276 2023-06-01 2024-05-31 10192276 2022-06-01 2023-05-31 10192276 2024-05-31 10192276 2023-05-31 10192276 c:Director2 2023-06-01 2024-05-31 10192276 d:FurnitureFittings 2023-06-01 2024-05-31 10192276 d:FurnitureFittings 2024-05-31 10192276 d:FurnitureFittings 2023-05-31 10192276 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10192276 d:OfficeEquipment 2023-06-01 2024-05-31 10192276 d:OfficeEquipment 2024-05-31 10192276 d:OfficeEquipment 2023-05-31 10192276 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10192276 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10192276 d:CurrentFinancialInstruments 2024-05-31 10192276 d:CurrentFinancialInstruments 2023-05-31 10192276 d:Non-currentFinancialInstruments 2024-05-31 10192276 d:Non-currentFinancialInstruments 2023-05-31 10192276 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10192276 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10192276 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 10192276 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 10192276 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 10192276 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 10192276 d:ShareCapital 2024-05-31 10192276 d:ShareCapital 2023-05-31 10192276 d:RetainedEarningsAccumulatedLosses 2024-05-31 10192276 d:RetainedEarningsAccumulatedLosses 2023-05-31 10192276 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10192276 c:OrdinaryShareClass1 2024-05-31 10192276 c:OrdinaryShareClass1 2023-05-31 10192276 c:FRS102 2023-06-01 2024-05-31 10192276 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10192276 c:FullAccounts 2023-06-01 2024-05-31 10192276 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10192276 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10192276









EJ GXC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
EJ GXC LIMITED
REGISTERED NUMBER: 10192276

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,372
3,821

  
5,372
3,821

Current assets
  

Stocks
 5 
4,797,552
3,948,279

Cash at bank and in hand
 6 
62,094
63,902

  
4,859,646
4,012,181

Creditors: amounts falling due within one year
 7 
(1,818,711)
(2,154,867)

Net current assets
  
 
 
3,040,935
 
 
1,857,314

Total assets less current liabilities
  
3,046,307
1,861,135

Creditors: amounts falling due after more than one year
 8 
(3,129,605)
(1,942,479)

  

Net liabilities
  
(83,298)
(81,344)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(83,398)
(81,444)

  
(83,298)
(81,344)


Page 1

 
EJ GXC LIMITED
REGISTERED NUMBER: 10192276
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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: 




X Wang
Director

Date: 23 May 2025

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

Page 2

 
EJ GXC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

EJ GXC Limited is a private company limited by shares and incorporated in England and Wales. The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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:

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

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

Borrowing costs

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

 
2.5

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 3

 
EJ GXC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight line method
Office equipment
-
25%
Straight line method

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.

Page 4

 
EJ GXC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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).

Page 5

 
EJ GXC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
1,250
3,343
4,593


Additions
2,887
-
2,887



At 31 May 2024

4,137
3,343
7,480



Depreciation


At 1 June 2023
182
590
772


Charge for the year on owned assets
746
590
1,336



At 31 May 2024

928
1,180
2,108



Net book value



At 31 May 2024
3,209
2,163
5,372



At 31 May 2023
1,068
2,753
3,821


5.


Stocks

2024
2023
£
£

Stocks
4,797,552
3,948,279

4,797,552
3,948,279



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
62,094
63,902

62,094
63,902


Page 6

 
EJ GXC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,812,211
1,670,207

Accruals and deferred income
6,500
484,660

1,818,711
2,154,867



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
3,129,605
1,942,479

3,129,605
1,942,479


The following liabilities were secured:

2024
2023
£
£



Other loans
3,109,942
1,942,479

3,109,942
1,942,479

Details of security provided:

Other creditors are secured by way of fixed charges over the properties to which they relate.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Other loans
3,129,603
1,942,478

3,129,603
1,942,478

3,129,603
1,942,478


Page 7

 
EJ GXC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary A shares of £1.00 each
100
100


 
Page 8