Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-012false2falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09355497 2023-04-01 2024-03-31 09355497 2022-04-01 2023-03-31 09355497 2024-03-31 09355497 2023-03-31 09355497 c:Director1 2023-04-01 2024-03-31 09355497 d:CurrentFinancialInstruments 2024-03-31 09355497 d:CurrentFinancialInstruments 2023-03-31 09355497 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09355497 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09355497 d:ShareCapital 2024-03-31 09355497 d:ShareCapital 2023-03-31 09355497 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09355497 d:RetainedEarningsAccumulatedLosses 2024-03-31 09355497 d:RetainedEarningsAccumulatedLosses 2023-03-31 09355497 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 09355497 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 09355497 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09355497 c:OrdinaryShareClass1 2024-03-31 09355497 c:OrdinaryShareClass1 2023-03-31 09355497 c:FRS102 2023-04-01 2024-03-31 09355497 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09355497 c:FullAccounts 2023-04-01 2024-03-31 09355497 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09355497 2 2023-04-01 2024-03-31 09355497 6 2023-04-01 2024-03-31 09355497 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09355497









PULLMAN ZINC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PULLMAN ZINC LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
PULLMAN ZINC LIMITED
REGISTERED NUMBER: 09355497

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,851,896
1,681,259

  
1,851,896
1,681,259

Current assets
  

Debtors: amounts falling due within one year
 5 
1,716
874

Cash at bank and in hand
 6 
38,537
108,507

  
40,253
109,381

Creditors: amounts falling due within one year
 7 
(1,315,467)
(1,356,564)

Net current liabilities
  
 
 
(1,275,214)
 
 
(1,247,183)

Total assets less current liabilities
  
576,682
434,076

  

Net assets
  
576,682
434,076


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
576,582
433,976

  
576,682
434,076


Page 1

 
PULLMAN ZINC LIMITED
REGISTERED NUMBER: 09355497
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 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 11 November 2024.




B R Manzi
Director

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

Page 2

 
PULLMAN ZINC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The entity is a limited liability company and is limited by shares.  The company was incorporated in England & Wales, and has a registered office of: Haslers, Old Station Road, Loughton, Essex, IG10 4PL.

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Valuation of investments

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 Profit and Loss Account 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.

 
2.6

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.

Page 3

 
PULLMAN ZINC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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 payments
Page 4

 
PULLMAN ZINC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.10

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 (2023 - 2).

Page 5

 
PULLMAN ZINC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
1,681,259


Additions
363,487


Disposals
(313,315)


Revaluations
120,465



At 31 March 2024
1,851,896





5.


Debtors

2024
2023
£
£


Other debtors
1,716
874

1,716
874



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
38,537
108,507

38,537
108,507



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,312,527
1,353,528

Accruals and deferred income
2,940
3,036

1,315,467
1,356,564


Page 6

 
PULLMAN ZINC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,890,433
108,502




Financial assets measured at fair value through profit or loss comprise of cash at bank.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Reserves

Profit and loss account

The profit and loss account contains non-distributable reserves totalling £170,112 (2023: £49,647) relating to the revaluation of investments.


11.


Related party transactions

 At the year end following amounts were due from/(to) the related parties:


2024
2023
£
£

Key Management Personnel
(1,312,527)
(1,353,527)
(1,312,527)
(1,353,527)

Page 7