Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01true2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2truefalse 13653543 2023-10-01 2024-09-30 13653543 2022-10-01 2023-09-30 13653543 2024-09-30 13653543 2023-09-30 13653543 c:Director1 2023-10-01 2024-09-30 13653543 c:Director2 2023-10-01 2024-09-30 13653543 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 13653543 d:FreeholdInvestmentProperty 2024-09-30 13653543 d:FreeholdInvestmentProperty 2023-09-30 13653543 d:CurrentFinancialInstruments 2024-09-30 13653543 d:CurrentFinancialInstruments 2023-09-30 13653543 d:Non-currentFinancialInstruments 2024-09-30 13653543 d:Non-currentFinancialInstruments 2023-09-30 13653543 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 13653543 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13653543 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 13653543 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 13653543 d:ShareCapital 2024-09-30 13653543 d:ShareCapital 2023-09-30 13653543 d:RetainedEarningsAccumulatedLosses 2024-09-30 13653543 d:RetainedEarningsAccumulatedLosses 2023-09-30 13653543 c:OrdinaryShareClass1 2023-10-01 2024-09-30 13653543 c:OrdinaryShareClass1 2024-09-30 13653543 c:OrdinaryShareClass1 2023-09-30 13653543 c:FRS102 2023-10-01 2024-09-30 13653543 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13653543 c:FullAccounts 2023-10-01 2024-09-30 13653543 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13653543 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13653543









GAP HOUSING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
GAP HOUSING LTD
REGISTERED NUMBER: 13653543

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
480,297
384,153

  
480,297
384,153

Current assets
  

Cash at bank and in hand
  
7,558
40,112

  
7,558
40,112

Creditors: amounts falling due within one year
 5 
(170,922)
(160,670)

Net current liabilities
  
 
 
(163,364)
 
 
(120,558)

Total assets less current liabilities
  
316,933
263,595

Creditors: amounts falling due after more than one year
 6 
(320,028)
(268,031)

  

Net liabilities
  
(3,095)
(4,436)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(3,096)
(4,437)

  
(3,095)
(4,436)


Page 1

 
GAP HOUSING LTD
REGISTERED NUMBER: 13653543
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 on 27 June 2025.




Gokul Vignesh Kanda Swamy
Pratika Anand
Director
Director

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

Page 2

 
GAP HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 13653543.  The Company's registered office is 21 Saunders Way, Sketty, Swansea, SA2 8AY. 
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

 
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

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 3

 
GAP HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.


3.


Employees

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


4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
384,153


Additions at cost
96,144



At 30 September 2024
480,297

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





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
169,596
159,344

Accruals and deferred income
1,326
1,326

170,922
160,670


Page 4

 
GAP HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
320,028
268,031

320,028
268,031


The following liabilities were secured:

2024
2023
£
£



Bank loans
320,028
268,031

320,028
268,031

Details of security provided:

Bank loans are secured against the assets of the company and contain fixed chages. 

Page 5

 
GAP HOUSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £0.01 each
1
1



8.


Transactions with directors

As at the balance sheet date £125,303 (2023: £158,823) was due to the directors. The loan is interest free and repayable on demand. 

 
Page 6