Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09810982 2022-11-01 2023-10-31 09810982 2021-11-01 2022-10-31 09810982 2023-10-31 09810982 2022-10-31 09810982 c:Director1 2022-11-01 2023-10-31 09810982 d:CurrentFinancialInstruments 2023-10-31 09810982 d:CurrentFinancialInstruments 2022-10-31 09810982 d:Non-currentFinancialInstruments 2023-10-31 09810982 d:Non-currentFinancialInstruments 2022-10-31 09810982 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09810982 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09810982 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09810982 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09810982 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 09810982 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 09810982 d:ShareCapital 2023-10-31 09810982 d:ShareCapital 2022-10-31 09810982 d:RetainedEarningsAccumulatedLosses 2023-10-31 09810982 d:RetainedEarningsAccumulatedLosses 2022-10-31 09810982 c:FRS102 2022-11-01 2023-10-31 09810982 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09810982 c:FullAccounts 2022-11-01 2023-10-31 09810982 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09810982 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 09810982







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


PIENNA (WEMBLEY) LIMITED
































      





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PIENNA (WEMBLEY) LIMITED
REGISTERED NUMBER:09810982



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
389,136
389,136

Debtors: amounts falling due within one year
 4 
250
250

Cash at bank and in hand
  
8,961
6,825

  
398,347
396,211

Creditors: amounts falling due within one year
 5 
(131,336)
(129,836)

Net current assets
  
 
 
267,011
 
 
266,375

Total assets less current liabilities
  
267,011
266,375

Creditors: amounts falling due after more than one year
 6 
(279,375)
(279,375)

  

Net liabilities
  
(12,364)
(13,000)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(13,364)
(14,000)

  
(12,364)
(13,000)


Page 1

 


PIENNA (WEMBLEY) LIMITED
REGISTERED NUMBER:09810982


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 on 2 October 2024.




C R Lanitis
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


PIENNA (WEMBLEY) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Pienna (Wembley) Limited Ltd is a private company, limited by shares, registered in England and Wales, company
number is 09810982 . The registered office and principal place of business is Third Floor, 126-134 Baker Street, London, United Kingdom, W1U 6UE. There is no principal place of business.
The presentational currency of the accounts is in £.

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

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 generated via buying and selling of own real estate and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

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.

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.

Page 3

 


PIENNA (WEMBLEY) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

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.


3.


Employees




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


4.


Debtors

2023
2022
£
£


Trade debtors
250
250

250
250



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,813

Other creditors
129,836
126,210

Accruals and deferred income
1,500
1,813

131,336
129,836


Page 4

 


PIENNA (WEMBLEY) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
279,375
279,375

279,375
279,375



7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
279,375
279,375

279,375
279,375

279,375
279,375


The bank loan is interest only and secured on the company's leasehold property


8.


Transactions with directors

Included within other creditors is an amount totalling £31,783 (2022: £31,783) owed to the director.


9.


Related party transactions

Included in other creditors are amounts of £96,240 (2022 : £92,615) due to Langlobe Developments Limited and £1,812 (2021 : £1,812) due to Helios (Loan Logics) Limited, companies related by virtue of common control.

 
Page 5