Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activity2023-05-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08764072 2023-05-01 2024-04-30 08764072 2022-05-01 2023-04-30 08764072 2024-04-30 08764072 2023-04-30 08764072 c:Director1 2023-05-01 2024-04-30 08764072 d:FurnitureFittings 2023-05-01 2024-04-30 08764072 d:FurnitureFittings 2024-04-30 08764072 d:FurnitureFittings 2023-04-30 08764072 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08764072 d:OfficeEquipment 2023-05-01 2024-04-30 08764072 d:OfficeEquipment 2024-04-30 08764072 d:OfficeEquipment 2023-04-30 08764072 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08764072 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08764072 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 08764072 d:FreeholdInvestmentProperty 2024-04-30 08764072 d:CurrentFinancialInstruments 2024-04-30 08764072 d:CurrentFinancialInstruments 2023-04-30 08764072 d:Non-currentFinancialInstruments 2024-04-30 08764072 d:Non-currentFinancialInstruments 2023-04-30 08764072 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08764072 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08764072 d:ShareCapital 2024-04-30 08764072 d:ShareCapital 2023-04-30 08764072 d:RevaluationReserve 2024-04-30 08764072 d:RevaluationReserve 2023-04-30 08764072 d:OtherMiscellaneousReserve 2024-04-30 08764072 d:OtherMiscellaneousReserve 2023-04-30 08764072 d:RetainedEarningsAccumulatedLosses 2024-04-30 08764072 d:RetainedEarningsAccumulatedLosses 2023-04-30 08764072 c:OrdinaryShareClass1 2023-05-01 2024-04-30 08764072 c:OrdinaryShareClass1 2024-04-30 08764072 c:OrdinaryShareClass1 2023-04-30 08764072 c:OrdinaryShareClass2 2023-05-01 2024-04-30 08764072 c:OrdinaryShareClass2 2024-04-30 08764072 c:OrdinaryShareClass2 2023-04-30 08764072 c:FRS102 2023-05-01 2024-04-30 08764072 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08764072 c:FullAccounts 2023-05-01 2024-04-30 08764072 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08764072 2 2023-05-01 2024-04-30 08764072 5 2023-05-01 2024-04-30 08764072 6 2023-05-01 2024-04-30 08764072 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08764072










P S CHAUDHARI LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
P S CHAUDHARI LIMITED
REGISTERED NUMBER: 08764072

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,280
1,650

Investments
 5 
540,925
385,185

Investment property
  
80,000
-

  
624,205
386,835

Current assets
  

Debtors: amounts falling due after more than one year
 7 
273,446
691,046

Debtors: amounts falling due within one year
 7 
15,000
22,232

Cash at bank and in hand
 8 
1,144
2,500

  
289,590
715,778

Creditors: amounts falling due within one year
 9 
(114,537)
(37,627)

Net current assets
  
 
 
175,053
 
 
678,151

Total assets less current liabilities
  
799,258
1,064,986

  

Net assets
  
799,258
1,064,986


Capital and reserves
  

Called up share capital 
 10 
3
3

Revaluation reserve
  
6,121
6,525

Other reserves
  
271,885
689,081

Profit and loss account
  
521,249
369,377

  
799,258
1,064,986



 
P S CHAUDHARI LIMITED
REGISTERED NUMBER: 08764072
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 profit and loss account 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 by: 




P S Chaudhari
Director

Date: 28 January 2025

The notes on  form part of these financial statements.


 
P S CHAUDHARI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

P S Chaudhari Limited, 08764072, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Lanyon Bowdler, Kendal Court, Ironmasters Way, Telford, Shropshire, TF3 4DT. 

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

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.

 
2.3

Interest income

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

 
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.


 
P S CHAUDHARI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.


 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-

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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

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.


 
P S CHAUDHARI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments held as fixed assets are shown as cost less provision for impairment. Investments are stated at cost, plus allocated profits, less drawings to date, plus any revaluations. 

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 1 (2023 - 1).


 
P S CHAUDHARI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
2,200
-
2,200


Additions
-
2,724
2,724



At 30 April 2024

2,200
2,724
4,924



Depreciation


At 1 May 2023
550
-
550


Charge for the year on owned assets
413
681
1,094



At 30 April 2024

963
681
1,644



Net book value



At 30 April 2024
1,237
2,043
3,280



At 30 April 2023
1,650
-
1,650


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2023
385,185


Additions
155,740



At 30 April 2024
540,925





 
P S CHAUDHARI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Investment property


Freehold investment property

£



Valuation


Additions at cost
80,000



At 30 April 2024
80,000







7.


Debtors

2024
2023
£
£

Due after more than one year

Due from participating interests
273,446
691,046

273,446
691,046


2024
2023
£
£

Due within one year

Other debtors
15,000
22,232

15,000
22,232



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,144
2,500

1,144
2,500



 
P S CHAUDHARI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
84,599
36,883

Other creditors
14,170
-

Accruals and deferred income
15,768
744

114,537
37,627


Barclays Bank UK PLC have a fixed and floating charge over all undertakings and assets of the company as a result of this agreement.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



285 (2023 - 285) Ordinary A Shares shares of £0.01 each
2.85
2.85
15 (2023 - 15) Ordinary B Shares shares of £0.01 each
0.15
0.15

3.00

3.00