Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsetrue2023-02-011falseNo description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11141069 2023-02-01 2024-01-31 11141069 2022-02-01 2023-01-31 11141069 2024-01-31 11141069 2023-01-31 11141069 c:Director1 2023-02-01 2024-01-31 11141069 d:CurrentFinancialInstruments 2024-01-31 11141069 d:CurrentFinancialInstruments 2023-01-31 11141069 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11141069 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11141069 d:ShareCapital 2024-01-31 11141069 d:ShareCapital 2023-01-31 11141069 d:RetainedEarningsAccumulatedLosses 2024-01-31 11141069 d:RetainedEarningsAccumulatedLosses 2023-01-31 11141069 c:FRS102 2023-02-01 2024-01-31 11141069 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11141069 c:FullAccounts 2023-02-01 2024-01-31 11141069 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11141069 6 2023-02-01 2024-01-31 11141069 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 11141069









PERPETUAL TRADING LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
PERPETUAL TRADING LTD
REGISTERED NUMBER: 11141069

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
10
10

Current assets
  

Debtors: amounts falling due within one year
 5 
7,294,925
6,720,583

Bank and cash balances
  
8,466,178
944,715

  
 
 
15,761,103
 
 
7,665,298

Creditors: amounts falling due within one year
 6 
(14,033,372)
(3,361,102)

Net assets
  
1,727,741
4,304,206


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,727,740
4,304,205

  
1,727,741
4,304,206


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 28 January 2025.




................................................
W Mattison
Director

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

Page 1

 
PERPETUAL TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Perpetual Trading Ltd ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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:

Interest income
Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.3

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 income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

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.

 
2.5

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. 

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

Page 2

 
PERPETUAL TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, 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 1 (2023 - 1).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 February 2023
10



At 31 January 2024
10





5.


Debtors

2024
2023
£
£


Other debtors
7,220,583
6,720,583

Prepayments and accrued income
74,342
-

7,294,925
6,720,583


Page 3

 
PERPETUAL TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to participating interests
11,685,574
2,007,574

Other creditors
2,345,798
1,351,528

Accruals and deferred income
2,000
2,000

14,033,372
3,361,102



7.


Transactions with directors

At the year end, the Company owed the director £2,345,798 (2023 - £1,351,528).

 
Page 4