Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Other service activities not elsewhere classifiedfalse2023-12-01false2truetrue 08302674 2023-12-01 2024-11-30 08302674 2022-12-01 2023-11-30 08302674 2024-11-30 08302674 2023-11-30 08302674 c:Director2 2023-12-01 2024-11-30 08302674 d:CurrentFinancialInstruments 2024-11-30 08302674 d:CurrentFinancialInstruments 2023-11-30 08302674 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 08302674 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08302674 d:ShareCapital 2024-11-30 08302674 d:ShareCapital 2023-11-30 08302674 d:RetainedEarningsAccumulatedLosses 2024-11-30 08302674 d:RetainedEarningsAccumulatedLosses 2023-11-30 08302674 c:OrdinaryShareClass1 2023-12-01 2024-11-30 08302674 c:OrdinaryShareClass1 2024-11-30 08302674 c:OrdinaryShareClass1 2023-11-30 08302674 c:FRS102 2023-12-01 2024-11-30 08302674 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08302674 c:FullAccounts 2023-12-01 2024-11-30 08302674 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08302674 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08302674


GAVIN RANKIN LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
GAVIN RANKIN LIMITED
REGISTERED NUMBER: 08302674

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
28,054
31,057

Debtors: amounts falling due within one year
 3 
-
2,401

Cash at bank and in hand
 4 
15,706
18,548

  
43,760
52,006

Creditors: amounts falling due within one year
 5 
(50,467)
(51,921)

Net current (liabilities)/assets
  
 
 
(6,707)
 
 
85

Total assets less current liabilities
  
(6,707)
85

  

Net (liabilities)/assets
  
(6,707)
85


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(6,807)
(15)

  
(6,707)
85


Page 1

 
GAVIN RANKIN LIMITED
REGISTERED NUMBER: 08302674
    
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 by: 



................................................
Mr G Rankin
Director
Date: 22 August 2025

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

Page 2

 
GAVIN RANKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Gavin Rankin Limited is a private company limited by share capital, incorporated in England, registration number 08302674. The address of the registered office is 1 Vincent Square, London, SW1P 2PN.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

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.


Page 3

 
GAVIN RANKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.8

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.


Debtors

2024
2023
£
£


Trade debtors
-
2,401

-
2,401


Page 4

 
GAVIN RANKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,706
18,548

15,706
18,548



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,011
1,044

Corporation tax
752
558

Other taxation and social security
62
1,256

Other creditors
47,492
47,913

Accruals and deferred income
1,150
1,150

50,467
51,921



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



7.


Related party transactions

At the balance sheet date an amount of £47,450 (2023: £47,450) is due to Mr S Berry, a director. No iinterest is accruing on this balance, and the loan is repayable upon demand.
 

 
Page 5