Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01No description of principal activity2falsetrue 12550913 2023-04-01 2024-03-31 12550913 2022-04-01 2023-03-31 12550913 2024-03-31 12550913 2023-03-31 12550913 c:Director1 2023-04-01 2024-03-31 12550913 d:CurrentFinancialInstruments 2024-03-31 12550913 d:CurrentFinancialInstruments 2023-03-31 12550913 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12550913 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12550913 d:ShareCapital 2024-03-31 12550913 d:ShareCapital 2023-03-31 12550913 d:RetainedEarningsAccumulatedLosses 2024-03-31 12550913 d:RetainedEarningsAccumulatedLosses 2023-03-31 12550913 c:FRS102 2023-04-01 2024-03-31 12550913 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12550913 c:FullAccounts 2023-04-01 2024-03-31 12550913 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12550913 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12550913









P&E VENTURES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
P&E VENTURES LIMITED
REGISTERED NUMBER: 12550913

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
  
5,000
5,000

Current assets
  

Debtors: amounts falling due within one year
 5 
4,721
4,969

Cash at bank and in hand
 6 
194
1,738

  
4,915
6,707

Creditors: amounts falling due within one year
 7 
(11,752)
(5,273)

Net current (liabilities)/assets
  
 
 
(6,837)
 
 
1,434

Total assets less current liabilities
  
(1,837)
6,434

  

Net (liabilities)/assets
  
(1,837)
6,434


Capital and reserves
  

Called up share capital 
  
40
40

Profit and loss account
  
(1,877)
6,394

  
(1,837)
6,434


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 on 27 November 2024.

P Bird
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
P&E VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

P&E Ventures Limited is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is shown on the company information page. The financial statements are prepared in Sterling (£). The financial statements are for the year ended 31 March 2024. 

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

 
2.4

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 Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 2

 
P&E VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
5,000



At 31 March 2024
5,000




Page 3

 
P&E VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,486
1,275

Called up share capital not paid
40
40

Prepayments and accrued income
2,195
3,654

4,721
4,969



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
194
1,738



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
6,000
4,083

Accruals and deferred income
5,752
1,190

11,752
5,273



8.


Pension commitments

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as incurred. The charge in the year was £993 (2023: £994) and £83 (2023: £83) remains unpaid at the balance sheet date. 


9.


Controlling party

The controlling party is P Bird, the sole director. 

 
Page 4