Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true1No description of principal activity2022-03-01false1 10643776 2022-03-01 2023-02-28 10643776 2021-03-01 2022-02-28 10643776 2023-02-28 10643776 2022-02-28 10643776 c:Director1 2022-03-01 2023-02-28 10643776 d:FreeholdInvestmentProperty 2023-02-28 10643776 d:FreeholdInvestmentProperty 2022-02-28 10643776 d:CurrentFinancialInstruments 2023-02-28 10643776 d:CurrentFinancialInstruments 2022-02-28 10643776 d:Non-currentFinancialInstruments 2023-02-28 10643776 d:Non-currentFinancialInstruments 2022-02-28 10643776 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10643776 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10643776 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 10643776 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 10643776 d:ShareCapital 2023-02-28 10643776 d:ShareCapital 2022-02-28 10643776 d:RetainedEarningsAccumulatedLosses 2023-02-28 10643776 d:RetainedEarningsAccumulatedLosses 2022-02-28 10643776 c:OrdinaryShareClass1 2022-03-01 2023-02-28 10643776 c:OrdinaryShareClass1 2023-02-28 10643776 c:OrdinaryShareClass1 2022-02-28 10643776 c:FRS102 2022-03-01 2023-02-28 10643776 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10643776 c:AbridgedAccounts 2022-03-01 2023-02-28 10643776 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 10643776







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2023


PNW INVESTMENTS LIMITED






































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PNW INVESTMENTS LIMITED
REGISTERED NUMBER:10643776



STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
126,200
126,200

  
126,200
126,200

Current assets
  

Cash at bank and in hand
  
828
1,082

  
828
1,082

Creditors: amounts falling due within one year
 4 
(1,932)
(2,677)

Net current liabilities
  
 
 
(1,104)
 
 
(1,595)

Total assets less current liabilities
  
125,096
124,605

Creditors: amounts falling due after more than one year
  
(111,973)
(112,431)

Net assets
  
13,123
12,174


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
13,122
12,173

  
13,123
12,174

Page 1

 


PNW INVESTMENTS LIMITED
REGISTERED NUMBER:10643776


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 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 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: 




................................................
Peter Neil Walmsley
Director

Date: 30 November 2023

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 


PNW INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies

 
1.1

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue recognition

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:

Rental income is recognised in the income statement on a straight line basis over the year in which the rental relates.

 
1.3

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.

 
1.4

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 reporting date in the countries where the Company operates and generates income.

 
1.5

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.

  
1.6

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. 


2.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 


PNW INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Investment property


Freehold investment property

£



Valuation


At 1 March 2022
126,200



At 28 February 2023
126,200

The 2023 valuations were made by the director, on an open market value for existing use basis.





4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
240
-

Corporation tax
692
1,677

Accruals and deferred income
1,000
1,000

1,932
2,677



5.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
111,973
112,431

111,973
112,431



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 4