Caseware UK (AP4) 2023.0.135 2023.0.135 truetrue2023-01-01false2820The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07076751 2023-01-01 2023-12-31 07076751 2023-12-31 07076751 2022-01-01 2022-12-31 07076751 2022-12-31 07076751 c:Director1 2023-01-01 2023-12-31 07076751 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 07076751 d:Buildings d:ShortLeaseholdAssets 2023-12-31 07076751 d:Buildings d:ShortLeaseholdAssets 2022-12-31 07076751 d:MotorVehicles 2023-01-01 2023-12-31 07076751 d:MotorVehicles 2023-12-31 07076751 d:MotorVehicles 2022-12-31 07076751 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07076751 d:FurnitureFittings 2023-01-01 2023-12-31 07076751 d:FurnitureFittings 2023-12-31 07076751 d:FurnitureFittings 2022-12-31 07076751 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07076751 d:ComputerEquipment 2023-01-01 2023-12-31 07076751 d:ComputerEquipment 2023-12-31 07076751 d:ComputerEquipment 2022-12-31 07076751 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07076751 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07076751 d:ComputerSoftware 2023-12-31 07076751 d:ComputerSoftware 2022-12-31 07076751 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 07076751 d:CurrentFinancialInstruments 2023-12-31 07076751 d:CurrentFinancialInstruments 2022-12-31 07076751 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07076751 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07076751 d:ShareCapital 2023-12-31 07076751 d:ShareCapital 2022-12-31 07076751 d:RetainedEarningsAccumulatedLosses 2023-12-31 07076751 d:RetainedEarningsAccumulatedLosses 2022-12-31 07076751 d:RetainedEarningsAccumulatedLosses 2022-01-01 07076751 c:FRS102 2023-01-01 2023-12-31 07076751 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07076751 c:FullAccounts 2023-01-01 2023-12-31 07076751 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07076751 c:Consolidated 2023-12-31 07076751 c:ConsolidatedGroupCompanyAccounts 2023-01-01 2023-12-31 07076751 6 2023-01-01 2023-12-31 07076751 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 07076751













Pantheon Macroeconomics Ltd

Financial statements
Information for filing with the registrar

31 December 2023




 
Pantheon Macroeconomics Ltd


Consolidated balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
28,848
49,869

Tangible assets
 5 
68,042
87,127

  
96,890
136,996

Current assets
  

Debtors: amounts falling due within one year
 7 
1,983,984
1,641,687

Cash at bank and in hand
  
2,512,860
2,209,334

  
4,496,844
3,851,021

Creditors: amounts falling due within one year
 8 
(3,971,747)
(3,444,033)

Net current assets
  
 
 
525,097
 
 
406,988

Total assets less current liabilities
  
621,987
543,984

Provisions for liabilities
  

Deferred tax
  
(13,083)
(19,424)

  
 
 
(13,083)
 
 
(19,424)

Net assets
  
608,904
524,560


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
608,704
524,360

Shareholders' funds
  
608,904
524,560


1

 
Pantheon Macroeconomics Ltd

    
Consolidated balance sheet (continued)
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 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 consolidated statement of comprehensive income 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 24 September 2024.




IC Shepherdson
Director

Company registered number: 07076751
The notes on pages 5 to 13 form part of these financial statements. 

2

 
Pantheon Macroeconomics Ltd


Company balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
27,725
44,660

Tangible assets
 5 
58,196
71,120

Investments
 6 
40
40

  
85,961
115,820

Current assets
  

Debtors: amounts falling due within one year
 7 
2,082,121
1,450,672

Cash at bank and in hand
  
874,479
753,571

  
2,956,600
2,204,243

Creditors: amounts falling due within one year
 8 
(2,687,944)
(2,165,237)

Net current assets
  
 
 
268,656
 
 
39,006

Total assets less current liabilities
  
354,617
154,826

  

Provisions for liabilities
  

Deferred taxation
  
(13,083)
(19,424)

  
 
 
(13,083)
 
 
(19,424)

Net assets excluding pension asset
  
341,534
135,402

Net assets
  
341,534
135,402


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account brought forward
  
135,202
309,792

Profit for the year
  
516,132
575,410

Other changes in the profit and loss account

  

(310,000)
(750,000)

Profit and loss account carried forward
  
341,334
135,202

Shareholders' funds
  
341,534
135,402


3

 
Pantheon Macroeconomics Ltd

    
Company balance sheet (continued)
At 31 December 2023

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of 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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated statement of comprehensive income 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 24 September 2024.


IC Shepherdson
Director

The notes on pages 5 to 13 form part of these financial statements.

4

 
Pantheon Macroeconomics Ltd
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

The company is a private company limited by shares, incorporated and domiciled in England and Wales. The address of the registered office is 5th Floor Cathedral Buildings, Dean Street, Newcastle Upon Tyne, Tyne and Wear, NE1 1PG, England.

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 company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the company and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

 
2.3

Revenue

Turnover is recognised net of discounts and value added tax, in the period the services are rendered. Income billed in advance is held in deferred income within creditors on the balance sheet.

 
2.4

Pensions

Defined contribution pension plan

The group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the group pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the group in independently administered funds.

5

 
Pantheon Macroeconomics Ltd
 

 
Notes to the financial statements
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 and the group operate and generate 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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Website and app
-
33%
straight line

 
2.7

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.

6

 
Pantheon Macroeconomics Ltd
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, reducing balance and straight line.

Depreciation is provided on the following basis:

Leasehold Improvements
-
20%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
33%
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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average monthly number of employees, including directors, during the year was 35 (2022 : 26).

7

 
Pantheon Macroeconomics Ltd
 
 

Notes to the financial statements
Year ended 31 December 2023

4.


Intangible assets

Group





Website and app

£



Cost


At 1 January 2023
127,397



At 31 December 2023

127,397



Amortisation


At 1 January 2023
77,528


Charge for the year
21,021



At 31 December 2023

98,549



Net book value



At 31 December 2023
28,848



At 31 December 2022
49,869



8

 
Pantheon Macroeconomics Ltd
 
 

Notes to the financial statements
Year ended 31 December 2023
 
           4.Intangible assets (continued)

Company




Website and app

£



Cost


At 1 January 2023
51,317



At 31 December 2023

51,317



Amortisation


At 1 January 2023
6,657


Charge for the year
16,935



At 31 December 2023

23,592



Net book value



At 31 December 2023
27,725



At 31 December 2022
44,660

9

 
Pantheon Macroeconomics Ltd
 
 

Notes to the financial statements
Year ended 31 December 2023

5.


Tangible fixed assets

Group






Leasehold property imp/ments
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost


At 1 January 2023
26,673
31,500
28,613
163,693
250,479


Additions
-
-
-
17,752
17,752



At 31 December 2023

26,673
31,500
28,613
181,445
268,231



Depreciation


At 1 January 2023
14,895
12,797
15,485
120,175
163,352


Charge for the year
4,955
4,676
3,445
23,761
36,837



At 31 December 2023

19,850
17,473
18,930
143,936
200,189



Net book value



At 31 December 2023
6,823
14,027
9,683
37,509
68,042



At 31 December 2022
11,778
18,703
13,128
43,518
87,127

10

 
Pantheon Macroeconomics Ltd
 
 

Notes to the financial statements
Year ended 31 December 2023

           5.Tangible fixed assets (continued)


Company






Leasehold property imp/ments
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£

Cost


At 1 January 2023
20,146
31,500
27,959
98,199
177,804


Additions
-
-
-
14,702
14,702



At 31 December 2023

20,146
31,500
27,959
112,901
192,506



Depreciation


At 1 January 2023
9,480
12,797
15,485
68,922
106,684


Charge for the year
4,029
4,676
3,118
15,803
27,626



At 31 December 2023

13,509
17,473
18,603
84,725
134,310



Net book value



At 31 December 2023
6,637
14,027
9,356
28,176
58,196



At 31 December 2022
10,666
18,703
12,474
29,277
71,120






11

 
Pantheon Macroeconomics Ltd
 
 

Notes to the financial statements
Year ended 31 December 2023

6.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
40



At 31 December 2023
40




Pantheon Macroeconomics Ltd owns 100% of the issued share capital of Pantheon Macroeconomics Inc, a company registered in the US.








7.


Debtors

Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£


Trade debtors
1,520,551
1,079,738
979,513
706,965

Amounts owed by group undertakings
-
-
806,492
427,557

Other debtors
68,212
96,697
36,843
72,687

Prepayments and accrued income
395,221
465,252
259,273
243,463

1,983,984
1,641,687
2,082,121
1,450,672


12

 
Pantheon Macroeconomics Ltd
 
 

Notes to the financial statements
Year ended 31 December 2023

8.


Creditors: amounts falling due within one year

Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£

Trade creditors
56,123
74,825
57,978
74,825

Corporation tax
112,081
97,342
112,081
97,342

Other taxation and social security
83,779
57,073
66,041
52,257

Other creditors
10,025
5,428
10,025
5,428

Accruals and deferred income
3,709,739
3,209,365
2,441,819
1,935,385

3,971,747
3,444,033
2,687,944
2,165,237



9.


Commitments under operating leases

At 31 December 2023 the group had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
Group
£
£


Not later than 1 year
103,052
137,495

Later than 1 year and not later than 5 years
24,038
127,090

127,090
264,585


10.


Controlling party

The ultimate controlling parties are Mr IC Shepherdson and Mrs CA Shepherdson.

13