Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312025-05-27falseNo description of principal activity2024-01-01false0true0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04868730 2024-01-01 2024-12-31 04868730 2023-01-01 2023-12-31 04868730 2024-12-31 04868730 2023-12-31 04868730 c:Director2 2024-01-01 2024-12-31 04868730 d:CurrentFinancialInstruments 2024-12-31 04868730 d:CurrentFinancialInstruments 2023-12-31 04868730 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04868730 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04868730 d:ShareCapital 2024-12-31 04868730 d:ShareCapital 2023-12-31 04868730 d:RetainedEarningsAccumulatedLosses 2024-12-31 04868730 d:RetainedEarningsAccumulatedLosses 2023-12-31 04868730 c:FRS102 2024-01-01 2024-12-31 04868730 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04868730 c:FullAccounts 2024-01-01 2024-12-31 04868730 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04868730 2 2024-01-01 2024-12-31 04868730 6 2024-01-01 2024-12-31 04868730 3 2024-12-31 04868730 3 2023-12-31 04868730 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 04868730









GANESH ASSETS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
GANESH ASSETS LIMITED
REGISTERED NUMBER: 04868730

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
124,430
124,430

  
124,430
124,430

Current assets
  

Debtors: amounts falling due within one year
 5 
-
30,948

Cash at bank and in hand
 6 
10,368
61,077

  
10,368
92,025

Creditors: amounts falling due within one year
 7 
(3,839)
(3,660)

Net current assets
  
 
 
6,529
 
 
88,365

Total assets less current liabilities
  
130,959
212,795

  

Net assets
  
130,959
212,795


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
130,956
212,792

Total equity
  
130,959
212,795


Page 1

 
GANESH ASSETS LIMITED
REGISTERED NUMBER: 04868730
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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: 


S Patel
Director

Date: 27 May 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GANESH ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Ganesh Assets Limited is a private company limited by shares. The company was incorporated in England & Wales. The registered office is Aston House, Cornwall Avenue, London, N3 1LF.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Interest income

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

 
2.4

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.


 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3

 
GANESH ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include 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.

 
2.10

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 0 (2023 - 0).

Page 4

 
GANESH ASSETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Other fixed asset investments

£



Cost 


At 1 January 2024
124,430



At 31 December 2024
124,430






Net book value



At 31 December 2024
124,430



At 31 December 2023
124,430


5.


Debtors

2024
2023
£
£


Other debtors
-
30,948



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,368
61,077



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
3,839
3,660


Page 5