Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3002023-04-01falseActivities of other holding companies not elsewhere classified0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10736695 2023-04-01 2024-09-30 10736695 2022-04-01 2023-03-31 10736695 2024-09-30 10736695 2023-03-31 10736695 2022-04-01 10736695 c:Director1 2023-04-01 2024-09-30 10736695 c:Director1 2024-09-30 10736695 c:Director2 2023-04-01 2024-09-30 10736695 c:Director2 2024-09-30 10736695 c:Director3 2023-04-01 2024-09-30 10736695 c:Director3 2024-09-30 10736695 c:RegisteredOffice 2023-04-01 2024-09-30 10736695 d:CurrentFinancialInstruments 2024-09-30 10736695 d:CurrentFinancialInstruments 2023-03-31 10736695 d:Non-currentFinancialInstruments 2024-09-30 10736695 d:Non-currentFinancialInstruments 2023-03-31 10736695 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10736695 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10736695 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 10736695 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10736695 d:ShareCapital 2023-04-01 2024-09-30 10736695 d:ShareCapital 2024-09-30 10736695 d:ShareCapital 2022-04-01 2023-03-31 10736695 d:ShareCapital 2023-03-31 10736695 d:ShareCapital 2022-04-01 10736695 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-09-30 10736695 d:RetainedEarningsAccumulatedLosses 2024-09-30 10736695 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 10736695 d:RetainedEarningsAccumulatedLosses 2023-03-31 10736695 d:RetainedEarningsAccumulatedLosses 2022-04-01 10736695 c:FRS102 2023-04-01 2024-09-30 10736695 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-30 10736695 c:FullAccounts 2023-04-01 2024-09-30 10736695 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 10736695 2 2023-04-01 2024-09-30 10736695 e:PoundSterling 2023-04-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 10736695









GILBERT REC LTD.







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
GILBERT REC LTD.
 
 
COMPANY INFORMATION


Directors
Mohammed Fazlul Karim Mondol (appointed 1 December 2023)
Simon Anthony Boyce (appointed 25 October 2018, resigned 9 June 2023)
Enam Ur Rahman (appointed 9 June 2023, resigned 1 December 2023)




Registered number
10736695



Registered office
Black Sea House
72 Wilson Street

London

London




Trading Address







 
GILBERT REC LTD.
 

CONTENTS



Page
Balance sheet
1 - 2
Statement of changes in equity
3 - 4
Notes to the financial statements
5 - 8


 
GILBERT REC LTD.
REGISTERED NUMBER: 10736695

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September
31 March
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
202,887

  
-
202,887

Current assets
  

Debtors: amounts falling due within one year
 5 
721,022
1,120,497

Cash at bank and in hand
 6 
80
13

  
721,102
1,120,510

Creditors: amounts falling due within one year
 7 
(853,356)
(1,204,763)

Net current liabilities
  
 
 
(132,254)
 
 
(84,253)

Total assets less current liabilities
  
(132,254)
118,634

Creditors: amounts falling due after more than one year
 8 
-
(38,266)

  

Net (liabilities)/assets
  
(132,254)
80,368


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(132,354)
80,268

  
(132,254)
80,368


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on
Page 1

 
GILBERT REC LTD.
REGISTERED NUMBER: 10736695
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

12 August 2025.




Mohammed Fazlul Karim Mondol
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
GILBERT REC LTD.
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
80,268
80,368


Comprehensive income for the period

Loss for the period

-
(212,622)
(212,622)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(212,622)
(212,622)


Total transactions with owners
-
-
-


At 30 September 2024
100
(132,354)
(132,254)


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
GILBERT REC LTD.
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
104,507
104,607


Comprehensive income for the year

Loss for the year

-
(24,239)
(24,239)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(24,239)
(24,239)


Total transactions with owners
-
-
-


At 31 March 2023
100
80,268
80,368


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
GILBERT REC LTD.
   
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Activities of other holding companies not elsewhere classified

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

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

Interest income

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

Page 5

 
GILBERT REC LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.


 
2.6

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 6

 
GILBERT REC LTD.
   
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments








Trade investments

£





At 1 April 2023
202,887


Disposals
(202,887)



At 30 September 2024
-





5.


Debtors

30 September
31 March
2024
2023
£
£


Amounts owed by group undertakings
721,022
1,120,497

721,022
1,120,497



6.


Cash and cash equivalents

30 September
31 March
2024
2023
£
£

Cash at bank and in hand
80
13

80
13


Page 7

 
GILBERT REC LTD.
   
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

30 September
31 March
2024
2023
£
£

Trade creditors
-
1,140

Amounts owed to group undertakings
-
245,461

Corporation tax
-
2,262

Other creditors
853,356
955,900

853,356
1,204,763



8.


Creditors: Amounts falling due after more than one year

30 September
31 March
2024
2023
£
£

Amounts owed to group undertakings
-
38,266

-
38,266



9.


Related party transactions

As of the reporting date, the company is ultimately contolled by Mr M A Imam and the immediate parent company is IPE Ventures Limited. During the period the company provide loans to its parent company, IPE Ventures Limited. The balance as at reporting date including accrued interest charges was £721,022 (2023: £758,809).


10.


Controlling party

At the reportign date, the immediate parent company was IPE Ventures Limited, the ultimate controlling party is Mr M A Imam by virtue of his shareholding of the parent company

Page 8