Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsefalsefalse12024-01-01No description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13396805 2024-01-01 2024-12-31 13396805 2023-06-01 2023-12-31 13396805 2024-12-31 13396805 2023-12-31 13396805 c:Director1 2024-01-01 2024-12-31 13396805 d:OfficeEquipment 2024-01-01 2024-12-31 13396805 d:OfficeEquipment 2024-12-31 13396805 d:OfficeEquipment 2023-12-31 13396805 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13396805 d:FreeholdInvestmentProperty 2024-12-31 13396805 d:FreeholdInvestmentProperty 2023-12-31 13396805 d:CurrentFinancialInstruments 2024-12-31 13396805 d:CurrentFinancialInstruments 2023-12-31 13396805 d:Non-currentFinancialInstruments 2024-12-31 13396805 d:Non-currentFinancialInstruments 2023-12-31 13396805 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13396805 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13396805 d:ShareCapital 2024-12-31 13396805 d:ShareCapital 2023-12-31 13396805 d:RetainedEarningsAccumulatedLosses 2024-12-31 13396805 d:RetainedEarningsAccumulatedLosses 2023-12-31 13396805 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13396805 c:OrdinaryShareClass1 2024-12-31 13396805 c:OrdinaryShareClass1 2023-12-31 13396805 c:OrdinaryShareClass2 2024-01-01 2024-12-31 13396805 c:OrdinaryShareClass2 2024-12-31 13396805 c:OrdinaryShareClass2 2023-12-31 13396805 c:OrdinaryShareClass3 2024-01-01 2024-12-31 13396805 c:OrdinaryShareClass3 2024-12-31 13396805 c:OrdinaryShareClass3 2023-12-31 13396805 c:FRS102 2024-01-01 2024-12-31 13396805 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13396805 c:FullAccounts 2024-01-01 2024-12-31 13396805 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13396805 2 2024-01-01 2024-12-31 13396805 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13396805










PEGSDON PROPERTY GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PEGSDON PROPERTY GROUP LIMITED
REGISTERED NUMBER: 13396805

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,271
1,694

Investment property
 5 
321,979
321,979

  
323,250
323,673

Current assets
  

Debtors: amounts falling due after more than one year
 6 
58,000
58,000

Debtors: amounts falling due within one year
 6 
352
-

Cash at bank and in hand
  
1,267
1,894

  
59,619
59,894

Creditors: amounts falling due within one year
 7 
(368,587)
(378,910)

Net current liabilities
  
 
 
(308,968)
 
 
(319,016)

Total assets less current liabilities
  
14,282
4,657

  

Net assets
  
14,282
4,657


Capital and reserves
  

Called up share capital 
 8 
8,000
8,000

Profit and loss account
  
6,282
(3,343)

  
14,282
4,657


Page 1

 
PEGSDON PROPERTY GROUP LIMITED
REGISTERED NUMBER: 13396805
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 income and retained earnings 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 17 January 2025.




W Spencer
Director

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

Page 2

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

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. The following criteria must also be met before revenue is recognised:

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.

 
1.3

Interest income

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

 
1.4

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.

 
1.5

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.


Page 3

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.6

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
-
20%
straight line

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.

 
1.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
1.8

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.

 
1.9

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.

 
1.10

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.

Page 4

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.


General information

Pegsdon Property Group Limited is a private company, limited by shares and registered in England.
Its registered number is: 13396805
The address of its Registered office is:
Copford House
40 Royal Oak Lane
Pirton
Hitchin
SG5 3QT


3.


Employees

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


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
2,117



At 31 December 2024

2,117



Depreciation


At 1 January 2024
423


Charge for the year on owned assets
423



At 31 December 2024

846



Net book value



At 31 December 2024
1,271



At 31 December 2023
1,694

Page 5

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
321,979



At 31 December 2024
321,979

The 2024 valuations were made by the director, on an open market value for existing use basis.


2024
2023
£
£


Historic cost
321,979
321,979

321,979
321,979


6.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by related parties
58,000
58,000

58,000
58,000


2024
2023
£
£

Due within one year

Other debtors
352
-

352
-


Page 6

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,176
-

Other creditors
366,811
378,310

Accruals and deferred income
600
600

368,587
378,910



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4,000 (2023 - 4,000) A shares of £1.00 each
4,000.00
4,000.00
2,000 (2023 - 2,000) B shares of £1.00 each
2,000.00
2,000.00
2,000 (2023 - 2,000) C shares of £1.00 each
2,000.00
2,000.00

8,000.00

8,000.00


 
Page 7