Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsetbc22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11342558 2023-04-01 2024-03-31 11342558 2022-04-01 2023-03-31 11342558 2024-03-31 11342558 2023-03-31 11342558 c:Director2 2023-04-01 2024-03-31 11342558 d:CurrentFinancialInstruments 2024-03-31 11342558 d:CurrentFinancialInstruments 2023-03-31 11342558 d:Non-currentFinancialInstruments 2024-03-31 11342558 d:Non-currentFinancialInstruments 2023-03-31 11342558 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11342558 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11342558 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11342558 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11342558 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11342558 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11342558 d:ShareCapital 2024-03-31 11342558 d:ShareCapital 2023-03-31 11342558 d:SharePremium 2024-03-31 11342558 d:SharePremium 2023-03-31 11342558 d:RetainedEarningsAccumulatedLosses 2024-03-31 11342558 d:RetainedEarningsAccumulatedLosses 2023-03-31 11342558 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11342558 c:OrdinaryShareClass1 2024-03-31 11342558 c:OrdinaryShareClass1 2023-03-31 11342558 c:FRS102 2023-04-01 2024-03-31 11342558 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11342558 c:FullAccounts 2023-04-01 2024-03-31 11342558 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11342558 4 2023-04-01 2024-03-31 11342558 6 2023-04-01 2024-03-31 11342558 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11342558














POWER INVESTMENTS HOLDINGS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
POWER INVESTMENTS HOLDINGS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
POWER INVESTMENTS HOLDINGS LTD
REGISTERED NUMBER:11342558

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Fixed asset investments
 4 
172
172

Current assets
  

Debtors: amounts falling due within one year
 5 
3,116,150
1,767,570

Bank and cash balances
  
266,765
6,362

  
3,382,915
1,773,932

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(2,923,031)
(1,791,778)

Net current assets/(liabilities)
  
 
 
459,884
 
 
(17,846)

Total assets less current liabilities
  
460,056
(17,674)

Creditors: amounts falling due after more than one year
 7 
(500,000)
-

Net liabilities
  
(39,944)
(17,674)


Capital and reserves
  

Called up share capital 
 9 
88
88

Share premium account
  
500,134
500,134

Profit and loss account
  
(540,166)
(517,896)

  
(39,944)
(17,674)


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.

Page 1

 
POWER INVESTMENTS HOLDINGS LTD
REGISTERED NUMBER:11342558
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 19 August 2024.





L Khalastchi Keats
Director

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

Page 2

 
POWER INVESTMENTS HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Power Investments Holdings Ltd is a private limited liability company incorporated in England and Wales. Its registered office is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD; its business address is at Whiteladies Park, Prince Albert Drive, Ascot, SL5 8AQ
The principal activity of the company is that of a holding company. 

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The directors have continued to consider the ongoing impact of the Covid-19 pandemic on the operations of the Company and its subsidiaries and are satisfied that the Compny wll continues to be able meet its running costs and liabilities as they fall due for at least 12 months from the date of their approval of these financial statements. Based on their current assessment of the situation, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short term debtors are measured at the 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

 
POWER INVESTMENTS HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and related parties, loans to related parties and investments.
Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees




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


4.


Fixed asset investments





Subsidiary under-  takings

£



Cost


At 1 April 2023
172



At 31 March 2024
172




Page 4

 
POWER INVESTMENTS HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
149

Amounts owed by group undertakings
3,116,140
1,767,421

Tax recoverable
10
-

3,116,150
1,767,570



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
577
-

Other loans
2,900,000
1,650,000

Amounts owed to group undertakings
-
103,893

Amounts owed to other participating interests
250
1,250

Other creditors
100
100

Accruals and deferred income
22,104
36,535

2,923,031
1,791,778



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
500,000
-


Page 5

 
POWER INVESTMENTS HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
2,900,000
1,650,000


Amounts falling due 2-5 years

Other loans
500,000
-

3,400,000
1,650,000



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



88 (2023 - 88) Ordinary shares of £1.00 each
88
88



10.


Related party transactions

The company has taken advantage of the exemption allowed under section 33.1A of FRS 102 not to disclose transactions with other wholly-owned group companies.

 
Page 6