Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-0122falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11115211 2023-01-01 2023-12-31 11115211 2022-01-01 2022-12-31 11115211 2023-12-31 11115211 2022-12-31 11115211 2022-01-01 11115211 c:Director1 2023-01-01 2023-12-31 11115211 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2023-12-31 11115211 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2022-12-31 11115211 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2023-12-31 11115211 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2022-12-31 11115211 d:CurrentFinancialInstruments 2023-12-31 11115211 d:CurrentFinancialInstruments 2022-12-31 11115211 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11115211 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11115211 d:ShareCapital 2023-12-31 11115211 d:ShareCapital 2022-12-31 11115211 d:RetainedEarningsAccumulatedLosses 2023-12-31 11115211 d:RetainedEarningsAccumulatedLosses 2022-12-31 11115211 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11115211 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 11115211 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 11115211 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 11115211 c:FRS102 2023-01-01 2023-12-31 11115211 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11115211 c:FullAccounts 2023-01-01 2023-12-31 11115211 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11115211 2 2023-01-01 2023-12-31 11115211 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11115211









PINEBROOK INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PINEBROOK INVESTMENTS LIMITED
REGISTERED NUMBER: 11115211

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
4,503,759
4,095,950

  
4,503,759
4,095,950

Current assets
  

Bank and cash balances
  
115,720
173,126

Creditors: amounts falling due within one year
 5 
(4,002,301)
(4,082,701)

Net current liabilities
  
 
 
(3,886,581)
 
 
(3,909,575)

Provisions for liabilities
  

Deferred Taxation
 6 
(66,798)
(402,889)

Net assets/(liabilities)
  
550,380
(216,514)


Capital and reserves
  

Called up share capital 
  
224
224

Retained earnings
  
550,156
(216,738)

Shareholders' funds/(deficit)
  
550,380
(216,514)


Page 1

 
PINEBROOK INVESTMENTS LIMITED
REGISTERED NUMBER: 11115211
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 and delivered 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 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 J Rusbridge
Director

Date: 23 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PINEBROOK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Pinebrook Investments Limited is a private company, limited by shares, domiciled and incorporated in
England and Wales (registered number: 11115211). The registered office address is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, TN4 8BS.
The Company's functional and presentational currency is GBP.

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 directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Interest income

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

Page 3

 
PINEBROOK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
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 balance sheet 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Page 4

 
PINEBROOK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

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 2 (2022 - 2).

Page 5

 
PINEBROOK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 January 2023
64
4,095,886
4,095,950


Additions
-
898,067
898,067


Disposals
(64)
(883,038)
(883,102)


Revaluations
-
392,844
392,844



At 31 December 2023
-
4,503,759
4,503,759





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
3,995,101
4,076,701

Accruals and deferred income
7,200
6,000

4,002,301
4,082,701


Page 6

 
PINEBROOK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Deferred taxation




2023
2022


£

£






At beginning of year
(402,889)
(223,278)


Charged to profit or loss
336,091
(179,611)



At end of year
(66,798)
(402,889)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Capital gains
(101,671)
(402,889)

Losses and other deductions
34,873
-

(66,798)
(402,889)


7.


Prior year adjustment

The comparative figures on the Statement of Income and Retained Earnings have been restated for presentational reallocation purposes only.


8.


Related party transactions

Included in creditors due within one year is £3,995,101 (2022 - £4,076,701) due to the director. This amount is unsecured, interest free and repayable on demand.


9.


Controlling party

The ultimate controlling party is M J Rusbridge, by virtue of their shareholding.

 
Page 7