Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueNo description of principal activityfalse2022-12-01false11false 13051126 2022-12-01 2023-11-30 13051126 2021-12-01 2022-11-30 13051126 2023-11-30 13051126 2022-11-30 13051126 c:Director1 2022-12-01 2023-11-30 13051126 d:CurrentFinancialInstruments 2023-11-30 13051126 d:CurrentFinancialInstruments 2022-11-30 13051126 d:Non-currentFinancialInstruments 2023-11-30 13051126 d:Non-currentFinancialInstruments 2022-11-30 13051126 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13051126 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13051126 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 13051126 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 13051126 d:ShareCapital 2023-11-30 13051126 d:ShareCapital 2022-11-30 13051126 d:RetainedEarningsAccumulatedLosses 2023-11-30 13051126 d:RetainedEarningsAccumulatedLosses 2022-11-30 13051126 c:FRS102 2022-12-01 2023-11-30 13051126 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13051126 c:FullAccounts 2022-12-01 2023-11-30 13051126 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13051126 6 2022-12-01 2023-11-30 13051126 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 13051126







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


PENDENT WORLD LIMITED






































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PENDENT WORLD LIMITED
REGISTERED NUMBER:13051126



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
221,320

Current asset investments
 5 
128,000
100,000

Cash at bank and in hand
  
2,991
760

  
130,991
322,080

Creditors: amounts falling due within one year
 6 
(1,424)
(1,181)

Net current assets
  
 
 
129,567
 
 
320,899

Total assets less current liabilities
  
129,567
320,899

Creditors: amounts falling due after more than one year
  
(335,469)
(313,469)

  

Net (liabilities)/assets
  
(205,902)
7,430


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(206,002)
7,330

  
(205,902)
7,430


Page 1

 


PENDENT WORLD LIMITED
REGISTERED NUMBER:13051126


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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: 




................................................
M R Needham
Director

Date: 12 August 2024

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

Page 2

 


PENDENT WORLD LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Pendent World Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).  

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

The director has undertaken to continue their financial support of the company for the foreseeable future. On this basis they believe it is appropriate to prepare these accounts on a going concern basis.

 
2.3

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 discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Valuation of investments

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 Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Page 3

 


PENDENT WORLD LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

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


4.


Debtors

2023
2022
£
£


Other debtors
-
221,320

-
221,320



5.


Current asset investments

2023
2022
£
£

Unlisted investments
128,000
100,000

128,000
100,000



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
254
11

Accruals and deferred income
1,170
1,170

1,424
1,181



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
335,469
313,469

335,469
313,469



8.


Related party transactions

At the balance sheet date the company owed £335,469 to the director (2022: £313,469). The balance can be found within creditors due in more than one year. This loan is free of interest and repayable on demand.

 
Page 4