Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01falseconsultancy11truetrue 06045714 2023-02-01 2024-01-31 06045714 2022-02-01 2023-01-31 06045714 2024-01-31 06045714 2023-01-31 06045714 c:Director2 2023-02-01 2024-01-31 06045714 d:PlantMachinery 2023-02-01 2024-01-31 06045714 d:PlantMachinery 2024-01-31 06045714 d:PlantMachinery 2023-01-31 06045714 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06045714 d:FurnitureFittings 2023-02-01 2024-01-31 06045714 d:FurnitureFittings 2024-01-31 06045714 d:FurnitureFittings 2023-01-31 06045714 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06045714 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06045714 d:CurrentFinancialInstruments 2024-01-31 06045714 d:CurrentFinancialInstruments 2023-01-31 06045714 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06045714 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06045714 d:ShareCapital 2024-01-31 06045714 d:ShareCapital 2023-01-31 06045714 d:RetainedEarningsAccumulatedLosses 2024-01-31 06045714 d:RetainedEarningsAccumulatedLosses 2023-01-31 06045714 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 06045714 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 06045714 c:FRS102 2023-02-01 2024-01-31 06045714 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06045714 c:FullAccounts 2023-02-01 2024-01-31 06045714 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06045714 2 2023-02-01 2024-01-31 06045714 6 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 06045714









PKT STRATEGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
PKT STRATEGY LIMITED
REGISTERED NUMBER: 06045714

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
44
55

Investments
 5 
51
50

  
95
105

Current assets
  

Debtors: amounts falling due within one year
 6 
311
164,725

Cash at bank and in hand
 7 
271,608
87,488

  
271,919
252,213

Creditors: amounts falling due within one year
 8 
(52,462)
(64,715)

Net current assets
  
 
 
219,457
 
 
187,498

Total assets less current liabilities
  
219,552
187,603

  

Net assets
  
219,552
187,603


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
219,452
187,503

  
219,552
187,603


Page 1

 
PKT STRATEGY LIMITED
REGISTERED NUMBER: 06045714
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 30 October 2024.




................................................
Peter Turner
Director

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

Page 2

 
PKT STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

PKT Strategy Limited was incorporated in England and Wales and is a private company limited by share capital. The principal activity of the Company is that of property agency consultancy. 

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

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.

 
2.3

Interest income

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

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company 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 Company in independently administered funds.

Page 3

 
PKT STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.9

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.

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
PKT STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

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 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 February 2023
1,401
325
1,726



At 31 January 2024

1,401
325
1,726



Depreciation


At 1 February 2023
1,355
316
1,671


Charge for the year on owned assets
9
2
11



At 31 January 2024

1,364
318
1,682



Net book value



At 31 January 2024
37
7
44



At 31 January 2023
46
9
55

Page 5

 
PKT STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 February 2023
50
-
50


Additions
-
1
1



At 31 January 2024
50
1
51





6.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
-
164,450

Other debtors
36
-

Prepayments and accrued income
275
275

311
164,725



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
271,608
87,488

271,608
87,488


Page 6

 
PKT STRATEGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to associates
1,387
1,386

Corporation tax
19,291
11,925

Other taxation and social security
-
5,372

Other creditors
30,289
44,587

Accruals and deferred income
1,495
1,445

52,462
64,715



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
271,608
87,488




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £40,000 (2023 - £20,000). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the year end.


11.


Controlling party

The Company is controlled by the director Peter Turner, by virtue of his shareholding, as described in the director's report. 

 
Page 7