Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseThe prinicipal acitivity of the Company is partnership, property development, the built environment and socioeconomic regeneration consultancy.2117truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08483175 2023-08-01 2024-07-31 08483175 2022-05-01 2023-07-31 08483175 2024-07-31 08483175 2023-07-31 08483175 2022-05-01 08483175 1 2023-08-01 2024-07-31 08483175 d:Director1 2023-08-01 2024-07-31 08483175 c:FurnitureFittings 2023-08-01 2024-07-31 08483175 c:FurnitureFittings 2024-07-31 08483175 c:FurnitureFittings 2023-07-31 08483175 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08483175 c:ComputerEquipment 2023-08-01 2024-07-31 08483175 c:ComputerEquipment 2024-07-31 08483175 c:ComputerEquipment 2023-07-31 08483175 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08483175 c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08483175 c:CurrentFinancialInstruments 2024-07-31 08483175 c:CurrentFinancialInstruments 2023-07-31 08483175 c:Non-currentFinancialInstruments 2024-07-31 08483175 c:Non-currentFinancialInstruments 2023-07-31 08483175 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 08483175 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 08483175 c:Non-currentFinancialInstruments c:AfterOneYear 2024-07-31 08483175 c:Non-currentFinancialInstruments c:AfterOneYear 2023-07-31 08483175 c:ShareCapital 2023-08-01 2024-07-31 08483175 c:ShareCapital 2024-07-31 08483175 c:ShareCapital 2022-05-01 2023-07-31 08483175 c:ShareCapital 2023-07-31 08483175 c:ShareCapital 2022-05-01 08483175 c:SharePremium 2023-08-01 2024-07-31 08483175 c:SharePremium 2024-07-31 08483175 c:SharePremium 2022-05-01 2023-07-31 08483175 c:SharePremium 2023-07-31 08483175 c:SharePremium 2022-05-01 08483175 c:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 08483175 c:RetainedEarningsAccumulatedLosses 2024-07-31 08483175 c:RetainedEarningsAccumulatedLosses 2022-05-01 2023-07-31 08483175 c:RetainedEarningsAccumulatedLosses 2023-07-31 08483175 c:RetainedEarningsAccumulatedLosses 2022-05-01 08483175 d:OrdinaryShareClass1 2023-08-01 2024-07-31 08483175 d:OrdinaryShareClass1 2024-07-31 08483175 d:OrdinaryShareClass1 2023-07-31 08483175 d:OrdinaryShareClass2 2023-08-01 2024-07-31 08483175 d:OrdinaryShareClass2 2024-07-31 08483175 d:OrdinaryShareClass2 2023-07-31 08483175 d:OrdinaryShareClass3 2023-08-01 2024-07-31 08483175 d:OrdinaryShareClass3 2024-07-31 08483175 d:OrdinaryShareClass3 2023-07-31 08483175 d:OrdinaryShareClass4 2023-08-01 2024-07-31 08483175 d:OrdinaryShareClass4 2024-07-31 08483175 d:FRS102 2023-08-01 2024-07-31 08483175 d:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08483175 d:FullAccounts 2023-08-01 2024-07-31 08483175 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08483175 c:WithinOneYear 2024-07-31 08483175 c:WithinOneYear 2023-07-31 08483175 c:BetweenOneFiveYears 2024-07-31 08483175 c:BetweenOneFiveYears 2023-07-31 08483175 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08483175











________________________________________________________________________________________


PARTNERING REGENERATION DEVELOPMENT LTD

________________________________________________________________________________________



UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 
31 JULY 2024

 
PARTNERING REGENERATION DEVELOPMENT LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 10

 
PARTNERING REGENERATION DEVELOPMENT LTD
REGISTERED NUMBER:08483175

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,210
13,719

  
6,210
13,719

Current assets
  

Debtors: amounts falling due within one year
 5 
268,825
270,460

Cash at bank and in hand
  
179,517
244,965

  
448,342
515,425

Creditors: amounts falling due within one year
 6 
(303,389)
(302,924)

Net current assets
  
 
 
144,953
 
 
212,501

Total assets less current liabilities
  
151,163
226,220

Creditors: amounts falling due after more than one year
 7 
(8,334)
(18,333)

  

Net assets
  
142,829
207,887


Capital and reserves
  

Called up share capital 
 8 
13
13

Share premium account
 9 
31,422
31,422

Profit and loss account
 9 
111,394
176,452

  
142,829
207,887


The directors consider 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 directors acknowledge their 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.
 
Page 1

 
PARTNERING REGENERATION DEVELOPMENT LTD
REGISTERED NUMBER:08483175
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024


The financial statements on pages 1 to 10 were approved and authorised for issue by the board on 20 January 2025 and were signed on its behalf by:




M. J. Woodhouse
Director

Page 2

 
PARTNERING REGENERATION DEVELOPMENT LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 May 2022
13
24,997
375,005
400,015


Comprehensive income for the period

Profit for the period
-
-
314,289
314,289
Total comprehensive income for the period
-
-
314,289
314,289


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(512,842)
(512,842)

Shares issued during the period
-
6,425
-
6,425


Total transactions with owners
-
6,425
(512,842)
(506,417)



At 1 August 2023
13
31,422
176,452
207,887


Comprehensive income for the year

Profit for the year
-
-
266,351
266,351
Total comprehensive income for the year
-
-
266,351
266,351


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(331,409)
(331,409)


Total transactions with owners
-
-
(331,409)
(331,409)


At 31 July 2024
13
31,422
111,394
142,829
Page 3

 
PARTNERING REGENERATION DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies

 
1.1

Statement of compliance

The principal activity of the Company is property consultancy, in the built environment and socioeconomic regeneration consultancy.
Partnering Regeneration Development Ltd is a private company limited by shares and is incorporated and domiciled in England and Wales. The address of its registered office is Unit 1 Iron Gate Court, 47a Great Guilford Street, London, SE1 0ES.

  
1.2

Basis of preparation of financial statements

The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A 'Small Entities' of Financial Reporting Standard 102, 'the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' ("FRS 102") and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2.
The comparatives relate to the 15 month period ended 31 July 2023.

  
1.3

Revenue

Revenue is recognised to the extent that the Company obtains the right to consideration in exchange for its performance. Revenue is measured as the fair value of the consideration received or receivable, net of discounts, rebates and value added tax. 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; and
  - the stage of completion of the contract at the end of the reporting period can be measured      reliably.
Interest income

Interest income is recognised as interest accrues using the effective interest method.

  
1.4

Functional and presentation currency

The Company's functional and presentational currency is pound sterling.

  
1.5

Pensions

The Company contributes to the personal pension schemes of certain employees and the pension charge represents the amount payable by the Company to the respective schemes during the year.

Page 4

 
PARTNERING REGENERATION DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

  
1.6

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the Profit and Loss Account. Current or deferred taxation assets and labilities are not discounted.
Current tax
Current tax is the amount of corporation tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
 
Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and profit on ordinary activities before taxation as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is recognised on all material timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Page 5

 
PARTNERING REGENERATION DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

  
1.7

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.  Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use and dismantling and restoration costs.
 
Depreciation is calculated, using the straight line method, to allocate the cost of assets less their residual value over their estimated useful lives, as follows:
                Fixtures & Fittings         -  3 - 5 years
                Computer Equipment    -  3 years
The assets’ residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.  The effect of any change is accounted for prospectively.
Subsequent costs are included in the assets’ carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the Company and the cost can be measured reliably.  Repairs and maintenance costs are expensed as incurred.
Tangible fixed assets are derecognised on disposal or when no future economic benefits are expected.  On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Profit and Loss Account and included in ‘administrative expenses’.

  
1.8

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
Debtors and Creditors
Basic financial instruments, including trade and other debtors, along with trade and other creditors which are payable or receivable within one year are initially recognised at transaction price along with government backed loans which are due for repayment in a period greater than one year. Any losses arising from impairment are recognised in the Profit and Loss Account in 'administrative expenses'.  
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
 
Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

  
1.9

Share capital

Ordinary shares are classified as equity.

Page 6

 
PARTNERING REGENERATION DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

  
1.10

Distributions to equity holders

Final dividends to the Company’s shareholders are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the Statement of Changes in Equity. Interim dividends are recognised in the Statement of Changes in Equity when paid.
 
 
1.11

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from these estimates. Whilst management have made judgements, estimates and assumptions in preparing the financial statements, they consider that these have not had a significant effect on amounts recognised.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 17).

Page 7

 
PARTNERING REGENERATION DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost


At 1 August 2023
25,056
28,421
53,477


Additions
-
1,107
1,107



At 31 July 2024

25,056
29,528
54,584



Depreciation


At 1 August 2023
17,415
22,343
39,758


Charge for the year on owned assets
4,024
4,592
8,616



At 31 July 2024

21,439
26,935
48,374



Net book value



At 31 July 2024
3,617
2,593
6,210



At 31 July 2023
7,641
6,078
13,719


5.


Debtors

2024
2023
£
£


Trade debtors
126,752
153,128

Other debtors
951
7

Prepayments and accrued income
141,122
117,325

268,825
270,460


Page 8

 
PARTNERING REGENERATION DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
41,819
10,021

Corporation tax
93,234
86,651

Other taxation and social security
82,189
83,527

Other creditors
20,224
37,205

Accruals and deferred income
65,923
85,520

303,389
302,924


Other creditors include £10,000 (2023: £10,000) in respect of government supported loans due for repayment within one year. Interest is charged at a rate of 2.5% from 12 months from the initial date of drawdown of the loan.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
8,334
18,333

8,334
18,333


Other creditors relate to amounts borrowed which are government supported loans and are due for repayment on a monthly basis during the period to 30 April 2026. Interest is charged at a rate of 2.5% from 12 months from the initial date of drawdown of the loan.

Page 9

 
PARTNERING REGENERATION DEVELOPMENT LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,602 (2023 - 10,602) Ordinary X shares of £0.0005 (2023: £0.0005) each
5
5
9,555 (2023 - 9,555) Ordinary Y shares of £0.0005 (2023: £0.0005) each
5
5
4,843 (2023 - 4,843) Ordinary Z shares of £0.0005 (2023: £0.0005) each
2
2
1,178 (2023 - 1,178)  Ordinary AA shares of £0.0005 (2023: £0.0005) each
1
1

13

13

Subsequent to the balance sheet date on 13 September 2024, each existing Ordinary Share (all classes) of 0.5p was subdivided into 2 Ordinary Shares of 0.25p in their respective class. On the same date, the Company then bought back 4,189 Z shares for a total consideration of £10,812 and re-designated 2,356 Ordinary AA Shares of 0.25p into 2,356 Ordinary Z Shares.



9.


Reserves

Share premium account

The share premium reserve records the amount above the nominal value received for shares issued.

Profit & loss account

The profit and loss account is a wholly distributable reserve.


10.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
38,000
57,000

Later than 1 year and not later than 5 years
-
38,000

38,000
95,000


11.


Post balance sheet events

Subsequent to the year end the Company paid dividends totalling £82,468.

 
Page 10