Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31true2022-11-01false1No description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11002351 2022-11-01 2023-10-31 11002351 2021-11-01 2022-10-31 11002351 2023-10-31 11002351 2022-10-31 11002351 c:Director1 2022-11-01 2023-10-31 11002351 d:CurrentFinancialInstruments 2023-10-31 11002351 d:CurrentFinancialInstruments 2022-10-31 11002351 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11002351 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11002351 d:ShareCapital 2023-10-31 11002351 d:ShareCapital 2022-10-31 11002351 d:RetainedEarningsAccumulatedLosses 2023-10-31 11002351 d:RetainedEarningsAccumulatedLosses 2022-10-31 11002351 c:FRS102 2022-11-01 2023-10-31 11002351 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11002351 c:FullAccounts 2022-11-01 2023-10-31 11002351 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11002351 2 2022-11-01 2023-10-31 11002351 6 2022-11-01 2023-10-31 11002351 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11002351









PNL HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
PNL HOLDINGS LTD
REGISTERED NUMBER: 11002351

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
254
182

  
254
182

Current assets
  

Debtors: amounts falling due within one year
 5 
2,027,783
2,048,255

Cash at bank and in hand
 6 
334,067
122,732

  
2,361,850
2,170,987

Creditors: amounts falling due within one year
 7 
(371,072)
(491,646)

Net current assets
  
 
 
1,990,778
 
 
1,679,341

Total assets less current liabilities
  
1,991,032
1,679,523

  

Net assets
  
1,991,032
1,679,523


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
1,990,732
1,679,223

  
1,991,032
1,679,523


Page 1

 
PNL HOLDINGS LTD
REGISTERED NUMBER: 11002351
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 31 July 2024.




................................................
Paul Lakin
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PNL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The legal form of the entity is a private company limited by share capital, registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, HA1 2BY.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

 
2.7

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.

Page 3

 
PNL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.


3.


Employees




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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2022
182


Additions
72



At 31 October 2023
254





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,027,783
2,037,781

Other debtors
-
10,474

2,027,783
2,048,255


Page 4

 
PNL HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
334,067
122,732

334,067
122,732



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
368,930
489,568

Accruals and deferred income
2,142
2,078

371,072
491,646



8.


Transactions with directors

Included in creditors amounts falling due within one year is an amount of £368,930 (£489,568 in 2022) outstanding to members of key management personnel.  The amounts outstanding is repayable on demand and free of interest.

 
Page 5