Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activitytrue2023-01-01false71trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06006402 2023-01-01 2023-12-31 06006402 2022-01-01 2022-12-31 06006402 2023-12-31 06006402 2022-12-31 06006402 c:Director1 2023-01-01 2023-12-31 06006402 d:ComputerEquipment 2023-01-01 2023-12-31 06006402 d:ComputerEquipment 2023-12-31 06006402 d:ComputerEquipment 2022-12-31 06006402 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06006402 d:ComputerSoftware 2023-12-31 06006402 d:ComputerSoftware 2022-12-31 06006402 d:CurrentFinancialInstruments 2023-12-31 06006402 d:CurrentFinancialInstruments 2022-12-31 06006402 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06006402 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06006402 d:ShareCapital 2023-12-31 06006402 d:ShareCapital 2022-12-31 06006402 d:SharePremium 2023-12-31 06006402 d:SharePremium 2022-12-31 06006402 d:RetainedEarningsAccumulatedLosses 2023-12-31 06006402 d:RetainedEarningsAccumulatedLosses 2022-12-31 06006402 c:FRS102 2023-01-01 2023-12-31 06006402 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06006402 c:FullAccounts 2023-01-01 2023-12-31 06006402 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06006402 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 06006402 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06006402









PI FINANCE UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PI FINANCE UK LIMITED
REGISTERED NUMBER: 06006402

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Intangible assets
  
61,986
-

Tangible assets
 5 
22,795
-

  
84,781
-

Current assets
  

Debtors: amounts falling due within one year
 6 
22,154
111

Cash at bank and in hand
  
1,155,972
834,750

  
1,178,126
834,861

Creditors: amounts falling due within one year
 7 
(1,248,181)
(838,242)

Net current liabilities
  
 
 
(70,055)
 
 
(3,381)

Total assets less current liabilities
  
14,726
(3,381)

  

Net assets/(liabilities)
  
14,726
(3,381)


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
14,900
14,900

Profit and loss account
  
(274)
(18,381)

  
14,726
(3,381)


Page 1

 
PI FINANCE UK LIMITED
REGISTERED NUMBER: 06006402
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 by: 




S Zarko
Director

Date: 25 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PI FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

PI Finance UK Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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.

  
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied  during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PI FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

 
2.5

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.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 1).

Page 4

 
PI FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Digital assets

£



Cost


Additions
61,986



At 31 December 2023

61,986






Net book value



At 31 December 2023
61,986



At 31 December 2022
-




5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
25,422



At 31 December 2023

25,422



Depreciation


Charge for the year on owned assets
2,627



At 31 December 2023

2,627



Net book value



At 31 December 2023
22,795



At 31 December 2022
-

Page 5

 
PI FINANCE UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
22,154
111

22,154
111



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,589
-

Other taxation and social security
88,007
20,962

Other creditors
963,194
811,029

Accruals and deferred income
193,391
6,251

1,248,181
838,242



8.


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 £-3,815 (2022: £1,101). Contributions totalling £644 (2022: £4,256) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 6