Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312023-09-01falsemembers association1010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05364420 2023-09-01 2024-08-31 05364420 2022-09-01 2023-08-31 05364420 2024-08-31 05364420 2023-08-31 05364420 c:Director10 2023-09-01 2024-08-31 05364420 d:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 05364420 d:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 05364420 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 05364420 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 05364420 d:CurrentFinancialInstruments 2024-08-31 05364420 d:CurrentFinancialInstruments 2023-08-31 05364420 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 05364420 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 05364420 d:RetainedEarningsAccumulatedLosses 2024-08-31 05364420 d:RetainedEarningsAccumulatedLosses 2023-08-31 05364420 c:FRS102 2023-09-01 2024-08-31 05364420 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05364420 c:FullAccounts 2023-09-01 2024-08-31 05364420 c:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 05364420 2 2023-09-01 2024-08-31 05364420 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-09-01 2024-08-31 05364420 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-09-01 2024-08-31 05364420 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 05364420









PROPERTY LITIGATION ASSOCIATION
(A company limited by guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
PROPERTY LITIGATION ASSOCIATION
 
(A company limited by guarantee)
REGISTERED NUMBER: 05364420

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
30,357
41,209

  
30,357
41,209

Current assets
  

Debtors: amounts falling due within one year
 5 
17,416
6,699

Cash at bank and in hand
 6 
187,987
92,444

  
205,403
99,143

Creditors: amounts falling due within one year
 7 
(40,449)
(13,555)

Net current assets
  
 
 
164,954
 
 
85,588

Total assets less current liabilities
  
195,311
126,797

  

Net assets
  
195,311
126,797


Capital and reserves
  

Profit and loss account
  
195,311
126,797

  
195,311
126,797


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 statement of comprehensive income 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 20 November 2024.



Page 1

 
PROPERTY LITIGATION ASSOCIATION
 
(A company limited by guarantee)
REGISTERED NUMBER: 05364420
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


L D Whittle
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PROPERTY LITIGATION ASSOCIATION

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Property Litigation Association is a private limited liability company limited by guarantee incorporated in England & Wales under company number 05364420. The company's registered office and principal place of business is One Fleet Place, London EC4M 7WS.
The Associatoin's financial statements are presented in GB£ and the amounts are rounded to the nearest £.

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

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.

Page 3

 
PROPERTY LITIGATION ASSOCIATION

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 4

 
PROPERTY LITIGATION ASSOCIATION

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Patents
Website development
Total

£
£
£



Cost


At 1 September 2023
14,892
108,976
123,868



At 31 August 2024

14,892
108,976
123,868



Amortisation


At 1 September 2023
8,934
73,725
82,659


Charge for the year on owned assets
1,489
9,363
10,852



At 31 August 2024

10,423
83,088
93,511



Net book value



At 31 August 2024
4,469
25,888
30,357



At 31 August 2023
5,958
35,251
41,209




5.


Debtors

2024
2023
£
£


Trade debtors
9,462
1,218

Other debtors
-
2,807

Prepayments and accrued income
7,954
2,674

17,416
6,699


Page 5

 
PROPERTY LITIGATION ASSOCIATION

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
187,987
92,444

187,987
92,444



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
18,807
-

Corporation tax
300
89

Other taxation and social security
1,043
-

Other creditors
316
1,584

Accruals and deferred income
19,983
11,882

40,449
13,555




8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
 
Page 6