Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31No description of principal activity2022-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09920771 2022-01-01 2022-12-31 09920771 2021-01-01 2021-12-31 09920771 2022-12-31 09920771 2021-12-31 09920771 2021-01-01 09920771 c:Director1 2022-01-01 2022-12-31 09920771 d:FurnitureFittings 2022-01-01 2022-12-31 09920771 d:FurnitureFittings 2022-12-31 09920771 d:FurnitureFittings 2021-12-31 09920771 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09920771 d:OfficeEquipment 2022-01-01 2022-12-31 09920771 d:OfficeEquipment 2022-12-31 09920771 d:OfficeEquipment 2021-12-31 09920771 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09920771 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09920771 d:CurrentFinancialInstruments 2022-12-31 09920771 d:CurrentFinancialInstruments 2021-12-31 09920771 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09920771 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09920771 d:ShareCapital 2022-12-31 09920771 d:ShareCapital 2021-12-31 09920771 d:RetainedEarningsAccumulatedLosses 2022-12-31 09920771 d:RetainedEarningsAccumulatedLosses 2021-12-31 09920771 c:FRS102 2022-01-01 2022-12-31 09920771 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09920771 c:FullAccounts 2022-01-01 2022-12-31 09920771 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09920771 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09920771 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 09920771










PARK HOUSE CONSULTING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
PARK HOUSE CONSULTING LIMITED
REGISTERED NUMBER: 09920771

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,377
4,261

Current assets
  

Debtors: amounts falling due within one year
 5 
11,584
180

Cash at bank and in hand
 6 
11,470
36,754

  
23,054
36,934

Creditors: amounts falling due within one year
 7 
(11,933)
(7,823)

Net current assets
  
 
 
11,121
 
 
29,111

Total assets less current liabilities
  
12,498
33,372

Provisions for liabilities
  

Deferred tax
 8 
(262)
(449)

  
 
 
(262)
 
 
(449)

Net assets
  
12,236
32,923


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
12,234
32,921

  
12,236
32,923


Page 1

 
PARK HOUSE CONSULTING LIMITED
REGISTERED NUMBER: 09920771
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

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 year 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 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: 




S Staveley
Director

Date: 10 November 2023

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

Page 2

 
PARK HOUSE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Park House Consulting Limited, which is incorporated and registered in England and Wales (registered number 09920771), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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:

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

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.

 
2.4

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.

Page 3

 
PARK HOUSE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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
-
20% 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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, 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.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

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.

Page 4

 
PARK HOUSE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

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 reporting 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 reporting 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 reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 5

 
PARK HOUSE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2022
2,838
41,645
44,483


Additions
-
332
332



At 31 December 2022

2,838
41,977
44,815



Depreciation


At 1 January 2022
2,290
37,932
40,222


Charge for the year on owned assets
487
2,729
3,216



At 31 December 2022

2,777
40,661
43,438



Net book value



At 31 December 2022
61
1,316
1,377



At 31 December 2021
548
3,713
4,261


5.


Debtors

2022
2021
£
£


Trade debtors
11,584
-

Other debtors
-
180

11,584
180



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
11,470
36,754

11,470
36,754


Page 6

 
PARK HOUSE CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
4,181
5,060

Other taxation and social security
3,571
-

Other creditors
29
63

Accruals and deferred income
4,152
2,700

11,933
7,823



8.


Deferred taxation




2022
2021


£

£






At beginning of year
(449)
(772)


Charged to profit or loss
187
323



At end of year
(262)
(449)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(262)
(449)

(262)
(449)

 
Page 7