Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-01falseNo description of principal activity22truetrue 11440002 2023-05-01 2024-04-30 11440002 2022-05-01 2023-04-30 11440002 2024-04-30 11440002 2023-04-30 11440002 c:Director1 2023-05-01 2024-04-30 11440002 d:CurrentFinancialInstruments 2024-04-30 11440002 d:CurrentFinancialInstruments 2023-04-30 11440002 d:CurrentFinancialInstruments 2 2024-04-30 11440002 d:CurrentFinancialInstruments 2 2023-04-30 11440002 d:Non-currentFinancialInstruments 2024-04-30 11440002 d:Non-currentFinancialInstruments 2023-04-30 11440002 d:Non-currentFinancialInstruments 1 2024-04-30 11440002 d:Non-currentFinancialInstruments 1 2023-04-30 11440002 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11440002 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11440002 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11440002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11440002 d:ShareCapital 2024-04-30 11440002 d:ShareCapital 2023-04-30 11440002 d:SharePremium 2023-05-01 2024-04-30 11440002 d:SharePremium 2024-04-30 11440002 d:SharePremium 2023-04-30 11440002 d:OtherMiscellaneousReserve 2023-05-01 2024-04-30 11440002 d:OtherMiscellaneousReserve 2024-04-30 11440002 d:OtherMiscellaneousReserve 2023-04-30 11440002 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 11440002 d:RetainedEarningsAccumulatedLosses 2024-04-30 11440002 d:RetainedEarningsAccumulatedLosses 2023-04-30 11440002 c:FRS102 2023-05-01 2024-04-30 11440002 c:Audited 2023-05-01 2024-04-30 11440002 c:FullAccounts 2023-05-01 2024-04-30 11440002 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11440002 c:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11440002 2 2023-05-01 2024-04-30 11440002 6 2023-05-01 2024-04-30 11440002 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11440002









Panicium Limited









Financial statements

Information for filing with the registrar

For the year ended 30 April 2024

 
Panicium Limited
Registered number: 11440002

Statement of Financial Position
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
15,681,243
8,893,155

Current assets
  

Debtors: amounts falling due after more than one year
 5 
116,687
44,900

Debtors: amounts falling due within one year
 5 
74,832
17,961

Cash at bank and in hand
 6 
51,709
-

  
243,228
62,861

Creditors: amounts falling due within one year
 7 
(6,808,453)
(5,401,254)

Net current liabilities
  
 
 
(6,565,225)
 
 
(5,338,393)

Total assets less current liabilities
  
9,116,018
3,554,762

Creditors: amounts falling due after more than one year
 8 
(8,740,428)
(2,390,629)

Net assets
  
375,590
1,164,133


Capital and reserves
  

Called up share capital 
  
94
94

Share premium account
 9 
569,923
569,923

Other reserves
 9 
699,983
699,983

Profit and loss account
 9 
(894,410)
(105,867)

  
375,590
1,164,133


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 by: 


G R Norfolk
Director

Date: 31 January 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
Panicium Limited
Registered number: 11440002
    
Statement of Financial Position (continued)
As at 30 April 2024


Page 2

 
Panicium Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 April 2024

1.


General information

Panicium Limited is a private company limited by share capital incorporated in England, registered number 11440002. The address of the registered office is Fawside Farm, Longnor, Buxton, England, SK17 0RA.
The principle 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

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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.

 
2.8

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.

Page 3

 
Panicium Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as loans from banks and related parties and investments in non-puttable ordinary shares.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 May 2023
8,893,155


Additions
6,788,088



At 30 April 2024
15,681,243




On 22 December 2023, the company acquired 100% of the share capital of The Bury Black Pudding Co Limited.

Page 4

 
Panicium Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 April 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Prepayments and accrued income
116,687
44,900


2024
2023
£
£

Due within one year

Other debtors
43,007
-

Prepayments and accrued income
31,825
17,961

74,832
17,961



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
51,709
-

Less: bank overdrafts
(47)
-

51,662
-


Page 5

 
Panicium Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 April 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
47
-

Bank loans
430,000
280,000

Trade creditors
6,600
1,012

Amounts owed to group undertakings
5,654,015
4,176,186

Other creditors
348,353
943,056

Accruals and deferred income
119,438
1,000

Convertible preference shares
250,000
-

6,808,453
5,401,254


Bank loans are secured by way of a mortgage debenture. 
Other creditors include an amount of £240,000 
(2023 - £503,056) which is secured by way of a fixed charge over the fixed asset investments relating to a subsidiary owned by the company. 
On 22 December 2023, the Company issued £250,000 convertible preference shares, this class of shares is non-voting. 


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,562,500
2,039,240

Other creditors
1,727,928
351,389

Redeemable preference shares
450,000
-

8,740,428
2,390,629


Bank loans are secured by way of a mortgage debenture. 
Other creditors falling due after more than one year are secured by way of a fixed charge over the fixed asset investments relating to a subsidiary owned by the company. 
On 22 December 2023, the Company issued £450,000 redeemable preference shares, which carry a fixed annual dividend of 8% per annum on the issue price, this class of shares is non-voting. 

Page 6

 
Panicium Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 April 2024

9.


Reserves

Share premium account

The share premium account includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium. 

Other reserves

Other reserves, which are non-distributable, represent the difference between the fair value and nominal value on the element of fixed asset investments acquired under share for share agreements. 

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


10.


Controlling party

There is no overall controlling party of Panicium Limited.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 31 January 2025 by Chris Stewardson (senior statutory auditor) on behalf of Hurst Accountants Limited.

Page 7