Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activity2023-08-01false44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08128994 2023-08-01 2024-07-31 08128994 2022-08-01 2023-07-31 08128994 2024-07-31 08128994 2023-07-31 08128994 2022-08-01 08128994 c:Director1 2023-08-01 2024-07-31 08128994 d:PlantMachinery 2023-08-01 2024-07-31 08128994 d:PlantMachinery 2024-07-31 08128994 d:PlantMachinery 2023-07-31 08128994 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08128994 d:FurnitureFittings 2023-08-01 2024-07-31 08128994 d:FurnitureFittings 2024-07-31 08128994 d:FurnitureFittings 2023-07-31 08128994 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08128994 d:OfficeEquipment 2023-08-01 2024-07-31 08128994 d:OfficeEquipment 2024-07-31 08128994 d:OfficeEquipment 2023-07-31 08128994 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08128994 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08128994 d:CurrentFinancialInstruments 2024-07-31 08128994 d:CurrentFinancialInstruments 2023-07-31 08128994 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08128994 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08128994 d:ShareCapital 2024-07-31 08128994 d:ShareCapital 2023-07-31 08128994 d:CapitalRedemptionReserve 2024-07-31 08128994 d:CapitalRedemptionReserve 2023-07-31 08128994 d:RetainedEarningsAccumulatedLosses 2024-07-31 08128994 d:RetainedEarningsAccumulatedLosses 2023-07-31 08128994 c:OrdinaryShareClass2 2023-08-01 2024-07-31 08128994 c:OrdinaryShareClass2 2024-07-31 08128994 c:OrdinaryShareClass2 2023-07-31 08128994 c:OrdinaryShareClass3 2023-08-01 2024-07-31 08128994 c:OrdinaryShareClass3 2024-07-31 08128994 c:OrdinaryShareClass3 2023-07-31 08128994 c:OrdinaryShareClass4 2023-08-01 2024-07-31 08128994 c:OrdinaryShareClass4 2024-07-31 08128994 c:OrdinaryShareClass4 2023-07-31 08128994 c:FRS102 2023-08-01 2024-07-31 08128994 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08128994 c:FullAccounts 2023-08-01 2024-07-31 08128994 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08128994 2 2023-08-01 2024-07-31 08128994 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 08128994 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 08128994 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08128994









PELHAM STREET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
PELHAM STREET LIMITED
REGISTERED NUMBER: 08128994

BALANCE SHEET
AS AT 31 JULY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
46,549
46,915

Current assets
  

Debtors: amounts falling due within one year
 5 
102,355
196,817

Current asset investments
  
500,000
-

Cash at bank and in hand
  
694,526
403,791

  
1,296,881
600,608

Creditors: amounts falling due within one year
 7 
(799,060)
(391,613)

Net current assets
  
 
 
497,821
 
 
208,995

Provisions for liabilities
  

Deferred tax
  
(11,637)
(11,728)

Net assets
  
532,733
244,182


Capital and reserves
  

Called up share capital 
 9 
96
108

Capital redemption reserve
  
34
22

Profit and loss account
  
532,603
244,052

  
532,733
244,182


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.

Page 1

 
PELHAM STREET LIMITED
REGISTERED NUMBER: 08128994
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 January 2025.




J A E Clinch
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PELHAM STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Pelham Street Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office address is 46 Pelham Street, London, England, SW7 2NN.

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.

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.

 
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:

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.

Page 3

 
PELHAM STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.6

Pensions

The Company contributes to defined contribution plans 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 the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plans are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

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.

Page 4

 
PELHAM STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on reducing balance and straight-line bases.

Depreciation is provided on the following annual bases:

Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
Office equipment
-
25% 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 the Statement of comprehensive income.

 
2.9

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.

 
2.10

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.

 
2.11

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 4 (2023 - 4).

Page 5

 
PELHAM STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 August 2023
3,051
107,858
29,310
140,219


Additions
-
8,033
1,805
9,838



At 31 July 2024

3,051
115,891
31,115
150,057



Depreciation


At 1 August 2023
2,577
70,366
20,361
93,304


Charge for the year on owned assets
118
6,656
3,430
10,204



At 31 July 2024

2,695
77,022
23,791
103,508



Net book value



At 31 July 2024
356
38,869
7,324
46,549



At 31 July 2023
474
37,492
8,949
46,915

Page 6

 
PELHAM STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
102,355
169,505

Other debtors
-
27,312

102,355
196,817



6.


Current asset investments

2024
2023
£
£

Unlisted investments
500,000
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,737
32,324

Corporation tax
253,236
103,557

Other taxation and social security
84,911
32,411

Other creditors
25,601
6,335

Accruals and deferred income
432,575
216,986

799,060
391,613



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(11,728)
(10,379)


Charged to the Statement of comprehensive income
91
(1,349)



At end of year
(11,637)
(11,728)

Page 7

 
PELHAM STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(11,637)
(11,728)

Page 8

 
PELHAM STREET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



8,000 (2023 - 8,000) Ordinary B shares of £0.01 each
80
80
1,000 (2023 - 1,000) Ordinary A shares of £0.01 each
10
10
600 (2023 - 1,800) G shares of £0.01 each
6
18

96

108

During the year, 1,200 'G' shares of £0.01 were brought back at par value.



10.


Transactions with directors

Directors' advances and credits during the year were as follows:

2024
2023
£
£
Balance brought forward owed to the Company

27,285

17,647
 
Total advances in the year

538,153

299,000
 
Total repayments in the year

(570,194)

(290,000)
 
Interest charged

4,756

638
 
Balance carried forward owed to the Company
-

27,285
 

 

 
Page 9