Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08285994 2023-12-01 2024-11-30 08285994 2022-12-01 2023-11-30 08285994 2024-11-30 08285994 2023-11-30 08285994 c:Director1 2023-12-01 2024-11-30 08285994 d:FurnitureFittings 2023-12-01 2024-11-30 08285994 d:FurnitureFittings 2024-11-30 08285994 d:FurnitureFittings 2023-11-30 08285994 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08285994 d:OfficeEquipment 2023-12-01 2024-11-30 08285994 d:OfficeEquipment 2024-11-30 08285994 d:OfficeEquipment 2023-11-30 08285994 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08285994 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08285994 d:LeaseholdInvestmentProperty 2023-12-01 2024-11-30 08285994 d:LeaseholdInvestmentProperty 2024-11-30 08285994 d:LeaseholdInvestmentProperty 2023-11-30 08285994 d:CurrentFinancialInstruments 2024-11-30 08285994 d:CurrentFinancialInstruments 2023-11-30 08285994 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 08285994 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08285994 d:ShareCapital 2024-11-30 08285994 d:ShareCapital 2023-11-30 08285994 d:RetainedEarningsAccumulatedLosses 2024-11-30 08285994 d:RetainedEarningsAccumulatedLosses 2023-11-30 08285994 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-11-30 08285994 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 08285994 c:FRS102 2023-12-01 2024-11-30 08285994 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08285994 c:FullAccounts 2023-12-01 2024-11-30 08285994 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08285994 2 2023-12-01 2024-11-30 08285994 6 2023-12-01 2024-11-30 08285994 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 08285994









2 GAK'S LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
2 GAK'S LIMITED
REGISTERED NUMBER: 08285994

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
                                                                   Note
£
£

Fixed assets
  

Tangible assets
 4 
7,620
5,768

Investments
 5 
1,760,000
1,260,000

Investment property
 6 
6,247,073
5,850,441

  
8,014,693
7,116,209

Current assets
  

Debtors: amounts falling due within one year
 7 
6,853
126,123

Cash at bank and in hand
  
139,630
25,418

  
146,483
151,541

Creditors: amounts falling due within one year
 8 
(89,143)
(87,344)

Net current assets
  
 
 
57,340
 
 
64,197

  

Net assets
  
8,072,033
7,180,406


Capital and reserves
  

Called up share capital 
  
7,484,821
6,644,821

Profit and loss account
  
587,212
535,585

  
8,072,033
7,180,406


Page 1

 
2 GAK'S LIMITED
REGISTERED NUMBER: 08285994
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 8 August 2025.




G Kluman
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
2 GAK'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

2 GAK's Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, Leytonstone, London, E11 1GA.               
The principal activity of the Company is that of property investment.

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:
Rental income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings 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

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.

Page 3

 
2 GAK'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is provided on the following annual bases:

Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line

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.

 
2.6

Investment properties

Investment properties are carried at fair value determined annually by the directors 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. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company. Changes in fair value are recognised in the statement of income and retained earnings.

 
2.7

Lease of assets

The company receives rental income on assets held for use in operating leases.
Rents receivable under operating leases, where substantially all the benefit and risks of ownership remain with the lessor, are credited to the Statement of income and retained earnings on a straight line basis. 

 
2.8

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.

Investments in listed company shares 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.

 
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.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
2 GAK'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.12

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 2 (2023 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 December 2023
53,661
8,962
62,623


Additions
5,865
1,867
7,732



At 30 November 2024

59,526
10,829
70,355



Depreciation


At 1 December 2023
49,512
7,343
56,855


Charge for the year on owned assets
4,348
1,532
5,880



At 30 November 2024

53,860
8,875
62,735



Net book value



At 30 November 2024
5,666
1,954
7,620



At 30 November 2023
4,149
1,619
5,768

Page 5

 
2 GAK'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2023
1,260,000


Additions
500,000



At 30 November 2024
1,760,000





6.


Investment properties


Investment properties

£



Valuation


At 1 December 2023
5,850,441


Additions at cost
1,029,399


Disposals
(632,767)



At 30 November 2024
6,247,073

The value of the properties is not considered by the directors to have materially changed from the date of acquisition to the balance sheet date.






7.


Debtors

2024
2023
£
£


Trade debtors
3,078
12,863

Other debtors
-
94,000

Prepayments and accrued income
3,775
19,260

6,853
126,123


Page 6

 
2 GAK'S LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
16,405
21,469

Corporation tax
51,432
47,028

Other creditors
8,842
5,863

Accruals and deferred income
12,464
12,984

89,143
87,344



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
139,630
25,418




Financial assets measured at fair value through profit or loss comprise...


10.


Related party transactions

Key management personnel
Included within other creditors due within one year is an amount of £8,824 (2023 - £5,863) owed to the director of the company.

Page 7