Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseManagement Consultancy11 14131294 2023-06-01 2024-05-31 14131294 2022-05-25 2023-05-31 14131294 2024-05-31 14131294 2023-05-31 14131294 c:Director1 2023-06-01 2024-05-31 14131294 d:OfficeEquipment 2023-06-01 2024-05-31 14131294 d:OfficeEquipment 2024-05-31 14131294 d:OfficeEquipment 2023-05-31 14131294 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14131294 d:CurrentFinancialInstruments 2024-05-31 14131294 d:CurrentFinancialInstruments 2023-05-31 14131294 c:Micro-entities 2023-06-01 2024-05-31 14131294 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14131294 c:FullAccounts 2023-06-01 2024-05-31 14131294 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14131294 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14131294









PENINVEST ADVISORS LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
PENINVEST ADVISORS LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2


 
PENINVEST ADVISORS LIMITED
REGISTERED NUMBER: 14131294

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
£
£


Digital Assets
186,324
44,560

Fixed Assets
4,068
3,160

Current assets
78,157
35,274

Creditors: amounts falling due within one year
(74,554)
(32,680)

Net current assets
 
 
3,603
 
 
2,594

Total assets less current liabilities
193,995
50,314


Net assets
193,995
50,314



Capital and reserves
193,995
50,314


Page 1

 
PENINVEST ADVISORS LIMITED
REGISTERED NUMBER: 14131294
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

Notes


General information

Peninvest Advisors Limited is a private company, limited by shares, registered in England and Wales,
registration number 14131294.
The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W
6XH.


Average number of employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

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.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the 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 25 November 2024.




S A Nackvi
Director

Page 2

 
PENINVEST ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Peninvest Advisors Limited is a private company, limited by shares, registered in England and Wales,
registration number 14131294.
The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, 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 Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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 Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PENINVEST ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

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 reporting date in the countries where the Company operates and generates income.


 
2.5

Intangible assets

Intangible assets relate to crypto assets held by the Company for investment purposes. All assets have a liquid, active market and therefore a fair value is readily available and can be accurately ascertained. Intangible assets are revalued to fair value with any increase or decrease in market value being recognised through other comprehensive income (OCI) and accumulating in the revaluation reserve.



Page 4

 
PENINVEST ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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:

Office 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
PENINVEST ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Intangible assets




Digital Assets

£



Cost


At 1 June 2023
44,560


Additions
141,764



At 31 May 2024

186,324






Net book value



At 31 May 2024
186,324



At 31 May 2023
44,560



Page 6

 
PENINVEST ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
3,860


Additions
1,916



At 31 May 2024

5,776



Depreciation


At 1 June 2023
701


Charge for the year on owned assets
1,005



At 31 May 2024

1,706



Net book value



At 31 May 2024
4,070



At 31 May 2023
3,159

Page 7

 
PENINVEST ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
21,591
20,096

Other debtors
26,053
918

47,644
21,014



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,514
14,260

30,514
14,260



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
616
-

Corporation tax
69,929
30,658

Other creditors
2,009
23

Accruals and deferred income
2,000
1,999

74,554
32,680


 
Page 8