Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-30falsetrue2022-05-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10736439 2022-05-01 2023-04-30 10736439 2021-05-01 2022-04-30 10736439 2023-04-30 10736439 2022-04-30 10736439 c:Director2 2022-05-01 2023-04-30 10736439 d:CurrentFinancialInstruments 2023-04-30 10736439 d:CurrentFinancialInstruments 2022-04-30 10736439 d:Non-currentFinancialInstruments 2023-04-30 10736439 d:Non-currentFinancialInstruments 2022-04-30 10736439 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10736439 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 10736439 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10736439 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 10736439 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 10736439 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 10736439 d:ShareCapital 2023-04-30 10736439 d:ShareCapital 2022-04-30 10736439 d:RetainedEarningsAccumulatedLosses 2023-04-30 10736439 d:RetainedEarningsAccumulatedLosses 2022-04-30 10736439 c:FRS102 2022-05-01 2023-04-30 10736439 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10736439 c:FullAccounts 2022-05-01 2023-04-30 10736439 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 10736439









Palladian Capital Limited







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
PALLADIAN CAPITAL LIMITED
REGISTERED NUMBER: 10736439

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,546,703
1,547,404

  
1,546,703
1,547,404

Creditors: amounts falling due within one year
  
(1,678,460)
(1,668,578)

Net current liabilities
  
 
 
(131,757)
 
 
(121,174)

Total assets less current liabilities
  
(131,757)
(121,174)

Creditors: amounts falling due after more than one year
 5 
(30,747)
(41,297)

  

Net liabilities
  
(162,504)
(162,471)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(162,506)
(162,473)

  
(162,504)
(162,471)


Page 1

 
PALLADIAN CAPITAL LIMITED
REGISTERED NUMBER: 10736439
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2023

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 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 18 April 2024.




D Khera
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PALLADIAN CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Palladian Capital Limited is a private company limited by shares incorporated in England and Wales. The registered office is Grand Union Studios Unit 2.12 332 Ladbroke Grove, Ladbroke Grove, London, W10 5AD, United Kingdom.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis. 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
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:

Page 3

 
PALLADIAN CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

  
2.4

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.
When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.
Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.
The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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 4

 
PALLADIAN CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.9

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 average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,546,689
1,546,689

Other debtors
14
715

1,546,703
1,547,404



5.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
30,747
41,297

30,747
41,297


Page 5

 
PALLADIAN CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,747
-


9,747
-

Amounts falling due 1-2 years

Other loans
30,747
41,297


30,747
41,297



40,494
41,297


 
Page 6