Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-291false2023-04-01true1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08051815 2023-04-01 2024-02-29 08051815 2022-04-01 2023-03-31 08051815 2024-02-29 08051815 2023-03-31 08051815 c:Director1 2023-04-01 2024-02-29 08051815 d:OfficeEquipment 2023-04-01 2024-02-29 08051815 d:OfficeEquipment 2024-02-29 08051815 d:OfficeEquipment 2023-03-31 08051815 d:CurrentFinancialInstruments 2024-02-29 08051815 d:CurrentFinancialInstruments 2023-03-31 08051815 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08051815 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08051815 d:ShareCapital 2024-02-29 08051815 d:ShareCapital 2023-03-31 08051815 d:RetainedEarningsAccumulatedLosses 2024-02-29 08051815 d:RetainedEarningsAccumulatedLosses 2023-03-31 08051815 c:FRS102 2023-04-01 2024-02-29 08051815 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-02-29 08051815 c:FullAccounts 2023-04-01 2024-02-29 08051815 c:PrivateLimitedCompanyLtd 2023-04-01 2024-02-29 08051815 2 2023-04-01 2024-02-29 08051815 e:PoundSterling 2023-04-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 08051815









P H W PROJECTS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
P H W PROJECTS LIMITED
REGISTERED NUMBER: 08051815

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
31 March
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
1,186

  
-
1,186

Current assets
  

Debtors
  
409
-

Cash at bank and in hand
 6 
22,891
56,227

  
23,300
56,227

Creditors: amounts falling due within one year
 7 
(11,284)
(4,468)

Net current assets
  
 
 
12,016
 
 
51,759

Total assets less current liabilities
  
12,016
52,945

  

Net assets
  
12,016
52,945


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
11,916
52,845

  
12,016
52,945


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 period 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.
 
Page 1

 
P H W PROJECTS LIMITED
REGISTERED NUMBER: 08051815
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024


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 on 6 August 2024.




P. Heard-White
Director

Page 2

 
P H W PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

P H W Projects Limited is a private company limited by shares and incorporated in England and Wales. its registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

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

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 value added tax. 

 
2.3

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.

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:

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.

 
2.4

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings as received.

 
2.5

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.

Page 3

 
P H W PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

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.

 
2.11

Dividends

Equity dividends are recognised when paid. 


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 4

 
P H W PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

4.


Dividends

29 February
31 March
2024
2023
£
£


Dividends paid
38,000
65,500

38,000
65,500


5.


Tangible fixed assets







Office equipment

£





At 1 April 2023
4,826


Disposals
(4,826)



At 29 February 2024

-





At 1 April 2023
3,640


Disposals
(3,640)



At 29 February 2024

-



Net book value



At 29 February 2024
-



At 31 March 2023
1,186


6.


Cash

29 February
31 March
2024
2023
£
£

Cash at bank
22,891
56,227

22,891
56,227


Page 5

 
P H W PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
31 March
2024
2023
£
£

Corporation tax
-
3,253

Other creditors
9,844
315

Accruals
1,440
900

11,284
4,468


 
Page 6