Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03260024 2022-04-01 2023-03-31 03260024 2021-04-01 2022-03-31 03260024 2023-03-31 03260024 2022-03-31 03260024 c:CompanySecretary1 2022-04-01 2023-03-31 03260024 c:Director2 2022-04-01 2023-03-31 03260024 c:RegisteredOffice 2022-04-01 2023-03-31 03260024 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 03260024 d:FreeholdInvestmentProperty 2023-03-31 03260024 d:FreeholdInvestmentProperty 2022-03-31 03260024 d:CurrentFinancialInstruments 2023-03-31 03260024 d:CurrentFinancialInstruments 2022-03-31 03260024 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03260024 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03260024 d:ShareCapital 2023-03-31 03260024 d:ShareCapital 2022-03-31 03260024 d:OtherMiscellaneousReserve 2023-03-31 03260024 d:OtherMiscellaneousReserve 2022-03-31 03260024 d:RetainedEarningsAccumulatedLosses 2023-03-31 03260024 d:RetainedEarningsAccumulatedLosses 2022-03-31 03260024 c:FRS102 2022-04-01 2023-03-31 03260024 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03260024 c:FullAccounts 2022-04-01 2023-03-31 03260024 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 03260024







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


PYNESFIELD LIMITED






































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PYNESFIELD LIMITED
 


 
COMPANY INFORMATION


Director
Mrs M J Taylor 




Company secretary
Mrs M J Taylor



Registered number
03260024



Registered office
Trout Road

West Drayton

Middlesex

UB7 7SN




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


PYNESFIELD LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 3


 


PYNESFIELD LIMITED
REGISTERED NUMBER:03260024



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
-
550,000

  
-
550,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,160,753
1,124,142

Cash at bank and in hand
  
2,907,973
1,550,048

  
4,068,726
2,674,190

Creditors: amounts falling due within one year
 6 
(271,489)
(50,336)

Net current assets
  
 
 
3,797,237
 
 
2,623,854

Total assets less current liabilities
  
3,797,237
3,173,854

  

Net assets
  
3,797,237
3,173,854


Capital and reserves
  

Called up share capital 
  
260,000
260,000

Other reserves
  
-
308,113

Profit and loss account
  
3,537,237
2,605,741

  
3,797,237
3,173,854


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 her 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: 

Mrs M J Taylor
Director
Date: 7 March 2024

Page 1

 


PYNESFIELD LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Pynesfield Limited is a private company limited by shares and incorporated in England and Wales.  The address of the registered office and principal place of business is given in the company information page of these financial statements.  
The financial statements are presented in sterling which is the 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 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.

 
2.2

Turnover

Turnover 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. Turnover is generated through royalty income and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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.

 
2.4

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.

 
2.5

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.


3.


Employees

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

Page 2

 


PYNESFIELD LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Investment property

£





At 1 April 2022
550,000


Disposals
(550,000)



At 31 March 2023
-

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





5.


Debtors

2023
2022
£
£


Trade debtors
1,025,031
987,895

Other debtors
135,722
135,722

Prepayments and accrued income
-
525

1,160,753
1,124,142



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,290
3,540

Corporation tax
264,724
44,546

Accruals and deferred income
2,475
2,250

271,489
50,336


 
Page 3