Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 0 2025-01-01 false No description of principal activity 0 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02894738 2025-01-01 2025-12-31 02894738 2024-01-01 2024-12-31 02894738 2025-12-31 02894738 2024-12-31 02894738 c:Director2 2025-01-01 2025-12-31 02894738 d:FurnitureFittings 2025-01-01 2025-12-31 02894738 d:FurnitureFittings 2025-12-31 02894738 d:FurnitureFittings 2024-12-31 02894738 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 02894738 d:FreeholdInvestmentProperty 2025-12-31 02894738 d:FreeholdInvestmentProperty 2024-12-31 02894738 d:CurrentFinancialInstruments 2025-12-31 02894738 d:CurrentFinancialInstruments 2024-12-31 02894738 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 02894738 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02894738 d:UKTax 2025-01-01 2025-12-31 02894738 d:UKTax 2024-01-01 2024-12-31 02894738 d:ShareCapital 2025-12-31 02894738 d:ShareCapital 2024-12-31 02894738 d:OtherMiscellaneousReserve 2025-12-31 02894738 d:OtherMiscellaneousReserve 2024-12-31 02894738 d:RetainedEarningsAccumulatedLosses 2025-12-31 02894738 d:RetainedEarningsAccumulatedLosses 2024-12-31 02894738 d:OtherDeferredTax 2025-12-31 02894738 d:OtherDeferredTax 2024-12-31 02894738 c:FRS102 2025-01-01 2025-12-31 02894738 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 02894738 c:FullAccounts 2025-01-01 2025-12-31 02894738 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02894738 2 2025-01-01 2025-12-31 02894738 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 02894738 G REAL ESTATE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
G REAL ESTATE LIMITED REGISTERED NUMBER: 02894738 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 806 |  | 1,893
Investment property | 6 |  | 5,630,008 |  | 5,630,008
|  |  | 5,630,814 |  | 5,631,901
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 222,477 |  | 272,599 |
Cash at bank and in hand | 8 | 3,662,358 |  | 2,938,616 |
|  | 3,884,835 |  | 3,211,215 |
Creditors: amounts falling due within one year | 9 | (429,006) |  | (489,253) |
Net current assets |  |  | 3,455,829 |  | 2,721,962
Total assets less current liabilities |  |  | 9,086,643 |  | 8,353,863
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (432,512) |  | (803,302) |
|  |  | (432,512) |  | (803,302)
Net assets |  |  | 8,654,131 |  | 7,550,561
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Other reserves | 11 |  | 1,811,138 |  | 1,439,725
Profit and loss account | 11 |  | 6,841,993 |  | 6,109,836
|  |  | 8,654,131 |  | 7,550,561
Page 1
G REAL ESTATE LIMITED REGISTERED NUMBER: 02894738 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 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 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 by:
A Allaway
Director
Date: 21 July 2026
The notes on pages 3 to 11 form part of these financial statements. Page 2
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
G Real Estate Limited is a private company, limited by shares, registered in England and Wales.
| Registered number | 02894738
| Registered office address | The Warehouse Wyndham Arcade,
|  | St Mary Street,
|  | Cardiff, Wales,
|  | CF10 1FH
The presentation currency of the financial statements is Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. 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 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 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 | Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. There estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
| 2.3 | Going concern
In preparing the financial statements, the directors have considered the current financial position of the company and likely future cashflows. The company has net assets at the statement of financial position date and has made a profit in the year. This is dependent on the support of its related parties. The directors consider that this support will continue for the foreseeable future. The directors believe that the company is well placed to manage its business risks successfully, despite the uncertain economic outlook. The directors have assessed the risks facing the business from the current economic uncertainty and implemented measures to address these risks. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. Page 3
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Turnover and recognition
Turnover, all of which arises in the United Kingdom, represents rental income, insurance recharges to tenants and management fees, which fall within the company's ordinary activities after the deduction of trade discounts and value added tax. Rental income is invoiced on a quarterly basis in advance and is recognised evenly over the period to which it relates. Insurance recharges to tenants are invoiced on an annual basis in advance and are recognised evenly over the period to which they relate.
| 2.5 | Tangible fixed assets
The company's freehold land and buildings are treated as an investment property, as defined by the Financial Reporting Standard 102 Section 1A "Small Entities"; accordingly, they are not depreciated. Investment properties are measured at fair value at each reporting date, with changes in fair value recognised in the income statement. Surpluses or deficits of individual properties are charged to the statement of comprehensive income in the period to which they relate, such amounts are then credited to a separate non-distributable reserve in order to correctly disclose distributable amounts.
| 2.6 | Bad debt provision
A specific provision is made against older debtor balances. Additional provisions are made against newer debtor balances where there is evidence to suggest that a balance may not be recoverable.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | 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. Page 4
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.10 | 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | Straight line over 12 years
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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 5
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.11 | 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.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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.
| 2.15 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation. Increases in provisions are generally charged as an expense to profit or loss. Page 6
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
4. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 246,611 | 260,220
| Total current tax | 246,611 | 260,220
| Deferred tax |  |
| Origination and reversal of timing differences | (370,790) | 199,869
| Total deferred tax | (370,790) | 199,869
| Tax on profit | (124,179) | 460,089
Page 7
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 January 2025 | 16,300
| At 31 December 2025 | 16,300
| Depreciation |
| At 1 January 2025 | 14,407
| Charge for the year on owned assets | 1,087
| At 31 December 2025 | 15,494
| Net book value |
| At 31 December 2025 | 806
| At 31 December 2024 | 1,893
Page 8
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2025 | 5,630,008
| At 31 December 2025 | 5,630,008
The company's properties are treated as investment property under FRS 102 Section 1A. The 2025 valuations were made by Mr T C C Griffith, on an open market value basis. Cost or valuation of investment property at the balance sheet date is represented by:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 2,377,041 | 2,377,041
| Surplus on revaluation of properties | 3,252,967 | 3,252,967
|  | 5,630,008 | 5,630,008
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 205,243 | 261,977
| Other debtors | 3,196 | 365
| Prepayments and accrued income | 14,038 | 10,257
|  | 222,477 | 272,599
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 3,662,358 | 2,938,616
|  | 3,662,358 | 2,938,616
Page 9
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 23,162 | 7,650
| Amounts owed to group undertakings | 11,843 | 11,721
| Corporation tax | 110,353 | 143,946
| Other taxation and social security | 39,900 | 54,678
| Other creditors | 15,620 | 12,000
| Accruals and deferred income | 228,128 | 259,258
|  | 429,006 | 489,253
10. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (803,302)
| Charged to profit or loss | 370,790
| At end of year | (432,512)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed asset timing differences | 9,317 | 9,940
| Revaluation of investment properties | (441,829) | (813,242)
|  | (432,512) | (803,302)
11. | Reserves
Retained earnings non-distributable relates to revaluation gains on the company's investment properties of £2,252,967 (2024: £2,252,967), net of deferred tax of £441,829 (2024: £813,242) deferred tax on the unrealised capital gains of the properties. Page 10
G REAL ESTATE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
12. | Related party exemption
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 '"The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
13. | Ultimate controlling party
The parent company G Capital Limited, a company incorporated in England and Wales. The ultimate controlling parties are Mr A Allaway and Geldards Trust Corporation Ltd.
Page 11