Caseware UK (AP4) 2024.0.164 2024.0.164 2025-07-31 2025-07-31 2 false 2024-08-01 Buying and selling of own real estate 2 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false false true 12730741 2024-08-01 2025-07-31 12730741 2023-08-01 2024-07-31 12730741 2025-07-31 12730741 2024-07-31 12730741 c:Director2 2024-08-01 2025-07-31 12730741 d:CurrentFinancialInstruments 2025-07-31 12730741 d:CurrentFinancialInstruments 2024-07-31 12730741 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 12730741 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12730741 d:ShareCapital 2025-07-31 12730741 d:ShareCapital 2024-07-31 12730741 d:RetainedEarningsAccumulatedLosses 2025-07-31 12730741 d:RetainedEarningsAccumulatedLosses 2024-07-31 12730741 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-07-31 12730741 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-07-31 12730741 c:FRS102 2024-08-01 2025-07-31 12730741 c:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 12730741 c:FullAccounts 2024-08-01 2025-07-31 12730741 c:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 12730741 e:PoundSterling 2024-08-01 2025-07-31 iso4217:GBP xbrli:pure

Registered number: 12730741 GREEN LANE FIRST INVESTMENTS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2025
GREEN LANE FIRST INVESTMENTS LTD REGISTERED NUMBER: 12730741 BALANCE SHEET AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 131,765 |  | 92,500 |
Cash at bank and in hand | 5 | 53,770 |  | 26,826 |
|  | 185,535 |  | 119,326 |
Creditors: amounts falling due within one year | 6 | (140,632) |  | (95,731) |
Net current assets |  |  | 44,903 |  | 23,595
Total assets less current liabilities |  |  | 44,903 |  | 23,595
Net assets |  |  | 44,903 |  | 23,595
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 44,803 |  | 23,495
|  |  | 44,903 |  | 23,595
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 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 profit and loss account 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 4 February 2026.
Abubaker Saddiq
Director
The notes on pages 2 to 8 form part of these financial statements. Page 1
GREEN LANE FIRST INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Green Lane First Investments Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 12730741. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP. The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 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 | Going concern
The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required. Page 2
GREEN LANE FIRST INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | 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 | 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. Page 3
GREEN LANE FIRST INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 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.
| 2.8 | 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. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and 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. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets Page 4
GREEN LANE FIRST INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments (continued)
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy. Derecognition of financial instruments Page 5
GREEN LANE FIRST INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments (continued)
Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Employees | 2 | 2
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 131,765 | 92,500
|  | 131,765 | 92,500
5. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 53,770 | 26,826
|  | 53,770 | 26,826
Page 6
GREEN LANE FIRST INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 4,997 | 639
| Other creditors | 135,635 | 95,092
|  | 140,632 | 95,731
7. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 53,770 | 26,826
Page 7
GREEN LANE FIRST INVESTMENTS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
8. | Related party transactions
| Nazakat Khan and Abubaker Sadiq are directors of Green Lane First Investments Limited. During the year, the directors provided loans of £12,869 to the company. At the balance sheet date, the company owed the directors £30,961 (2023: £18,092), which is shown in other creditors due within one year. The above balances are repayable on demand and therefore there is no significant difference between the value of the original loan amount and initial carrying value of the loan as shown in the balance sheet. Nazakat Khan and Abubaker Saddiq are also directors of S K First Group Ltd. During the year, the company provided loans of £33,000 to S K First Group Ltd. At the balance sheet date, the company was owed £125,500 (2024: £92,500) from S K First Group Ltd, which is shown in other debtors due within one year. The above balances are repayable on demand and therefore there is no significant difference between the value of the original loan amount and initial carrying value of the loan as shown in the balance sheet. Nazakat Khan also trades as Somerset Road Tyres During the year, the company transacted with Somerset Road Tyres for goods and services for a net amount of £9,000. At the balance sheet date, the company owed £21,000 (2024: £30,000) to Somerset Road Tyres, which is shown in other creditors due within one year. The above balances are repayable on demand and therefore there is no significant difference between the value of the original loan amount and initial carrying value of the loan as shown in the balance sheet. Abubaker Saddiq is also a director of Somerset Autos and MOT Centre Ltd. During the year, the company transacted with Somerset Autos and MOT Centre Ltd for goods and services for a net amount of £31,000. At the balance sheet date, the company owed £78,000 (2024: £47,000) to Somerset Autos and MOT Centre Ltdd, which is shown in other creditors due within one year. The above balances are repayable on demand and therefore there is no significant difference between the value of the original loan amount and initial carrying value of the loan as shown in the balance sheet. Abubaker Saddiq also trades as ABY Properties. During the year, the company transacted with ABY Properties for goods and services for a net amount of £6,265. At the balance sheet date, the company was owed £6,265 (2024: £nil) from ABY Properties, which is shown in other debtors within one year. The above balances are repayable on demand and therefore there is no significant difference between the value of the original loan amount and initial carrying value of the loan as shown in the balance sheet.
9. | Controlling party
During the year, the company was under the control of S K First Group Limited. Page 8