Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false11truetrue 07848490 2023-01-01 2023-12-31 07848490 2022-01-01 2022-12-31 07848490 2023-12-31 07848490 2022-12-31 07848490 c:Director1 2023-01-01 2023-12-31 07848490 d:CurrentFinancialInstruments 2023-12-31 07848490 d:CurrentFinancialInstruments 2022-12-31 07848490 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07848490 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07848490 d:ShareCapital 2023-12-31 07848490 d:ShareCapital 2022-12-31 07848490 d:RetainedEarningsAccumulatedLosses 2023-12-31 07848490 d:RetainedEarningsAccumulatedLosses 2022-12-31 07848490 c:FRS102 2023-01-01 2023-12-31 07848490 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07848490 c:FullAccounts 2023-01-01 2023-12-31 07848490 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07848490 6 2023-01-01 2023-12-31 07848490 2 2023-12-31 07848490 2 2022-12-31 07848490 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07848490










PENDLE MINING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PENDLE MINING LIMITED
 

CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 6


 
PENDLE MINING LIMITED
REGISTERED NUMBER: 07848490

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 6 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 7 
116
144

Cash at bank and in hand
  
13,654
14,114

  
13,770
14,258

Creditors: amounts falling due within one year
 8 
(5,616,886)
(5,608,608)

Net current liabilities
  
 
 
(5,603,116)
 
 
(5,594,350)

  

Net liabilities
  
(5,603,115)
(5,594,349)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(5,603,215)
(5,594,449)

  
(5,603,115)
(5,594,349)


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 on 17 April 2024.


J Banaszkiewicz
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
PENDLE MINING LIMITED
REGISTERED NUMBER: 07848490
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
PENDLE MINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Pendle Mining Limited is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is 80 Cannon Street, London, EC4N 6HL.

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the shareholders have indicated their intention to provide financial support to enable the company to continue in operation for a minimum period of twelve months from the date of approval of these financial statements.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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. 

 
2.6

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.

 
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.

Page 3

 
PENDLE MINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.


4.


Employees

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


5.


Taxation

Factors that may affect future tax charges
At the year end the company has £834,086 (2022: £825,320) of losses to carry forward against future profits.

Page 4

 
PENDLE MINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost


At 1 January 2023
1
3,219,649
3,219,650



At 31 December 2023

1
3,219,649
3,219,650



Impairment


At 1 January 2023
-
3,219,649
3,219,649



At 31 December 2023

-
3,219,649
3,219,649



Net book value



At 31 December 2023
1
-
1



At 31 December 2022
1
-
1


7.


Debtors

2023
2022
£
£


Called up share capital not paid
100
100

Prepayments and accrued income
16
44

116
144



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
5,609,765
5,601,581

Accruals and deferred income
7,121
7,027

5,616,886
5,608,608


Page 5

 
PENDLE MINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

At the balance sheet date, the company owed £5,509,765 (2022: £5,501,581) to a company under common control of the director. 

 
Page 6