Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetrueNo description of principal activity2023-01-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06712484 2023-01-01 2023-12-31 06712484 2022-01-01 2022-12-31 06712484 2023-12-31 06712484 2022-12-31 06712484 c:Director1 2023-01-01 2023-12-31 06712484 d:CurrentFinancialInstruments 2023-12-31 06712484 d:CurrentFinancialInstruments 2022-12-31 06712484 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06712484 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06712484 d:ShareCapital 2023-12-31 06712484 d:ShareCapital 2022-12-31 06712484 d:RetainedEarningsAccumulatedLosses 2023-12-31 06712484 d:RetainedEarningsAccumulatedLosses 2022-12-31 06712484 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06712484 c:OrdinaryShareClass1 2023-12-31 06712484 c:OrdinaryShareClass1 2022-12-31 06712484 c:FRS102 2023-01-01 2023-12-31 06712484 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06712484 c:FullAccounts 2023-01-01 2023-12-31 06712484 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06712484 2 2023-01-01 2023-12-31 06712484 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06712484









PMBC ASSOCIATES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PMBC ASSOCIATES LTD
REGISTERED NUMBER: 06712484

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
5,415
6,111

Cash at bank and in hand
 5 
60,888
65,389

  
66,303
71,500

Creditors: amounts falling due within one year
 6 
(1,750)
(4,750)

Net current assets
  
 
 
64,553
 
 
66,750

Total assets less current liabilities
  
64,553
66,750

  

Net assets
  
64,553
66,750


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
64,551
66,748

Total equity
  
64,553
66,750


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 profit and loss account 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: 


A Trower
Director

Date: 16 August 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PMBC ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

PMBC Associates Limited is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.
The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Interest income

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

 
2.4

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 balance sheet date in the countries where the company operates and generates income.

 
2.5

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.

 
2.6

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 2

 
PMBC ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

  
2.9

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Page 3

 
PMBC ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees



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


4.


Debtors

2023
2022
£
£


Other debtors
5,415
6,111



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
60,888
65,389



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
-
3,000

Accruals and deferred income
1,750
1,750

1,750
4,750



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 4