Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity22falsetrue 10044310 2023-04-01 2024-03-31 10044310 2022-04-01 2023-03-31 10044310 2024-03-31 10044310 2023-03-31 10044310 c:Director1 2023-04-01 2024-03-31 10044310 c:RegisteredOffice 2023-04-01 2024-03-31 10044310 d:ComputerEquipment 2023-04-01 2024-03-31 10044310 d:ComputerEquipment 2024-03-31 10044310 d:ComputerEquipment 2023-03-31 10044310 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10044310 d:CurrentFinancialInstruments 2024-03-31 10044310 d:CurrentFinancialInstruments 2023-03-31 10044310 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10044310 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10044310 d:ShareCapital 2024-03-31 10044310 d:ShareCapital 2023-03-31 10044310 d:RetainedEarningsAccumulatedLosses 2024-03-31 10044310 d:RetainedEarningsAccumulatedLosses 2023-03-31 10044310 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10044310 c:OrdinaryShareClass1 2024-03-31 10044310 c:OrdinaryShareClass1 2023-03-31 10044310 c:FRS102 2023-04-01 2024-03-31 10044310 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10044310 c:FullAccounts 2023-04-01 2024-03-31 10044310 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure



Company Registration No. 10044310 (England and Wales)





PARADIGM LEARNING BUSINESS SIMULATIONS (UK) LIMITED

UNAUDITED
ANNUAL REPORT AND FINANCIAL STATEMENTS

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




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
PARADIGM LEARNING BUSINESS SIMULATIONS (UK) LIMITED
 
 
COMPANY INFORMATION


Director
Stephanie Coll 




Registered number
10044310



Registered office
Lytchett House
13 Freeland Park

Wareham Road

Poole

BH16 6FA




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE





 
PARADIGM LEARNING BUSINESS SIMULATIONS (UK) LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
PARADIGM LEARNING BUSINESS SIMULATIONS (UK) LIMITED
REGISTERED NUMBER:10044310

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
4,748
6,330

  
4,748
6,330

Current assets
  

Stocks
  
16,000
14,489

Debtors
 5 
22,954
7,512

Cash at bank and in hand
 6 
10,092
6,408

  
49,046
28,409

Creditors: amounts falling due within one year
 7 
(8,304)
(2,719)

Net current assets
  
 
 
40,742
 
 
25,690

Total assets less current liabilities
  
45,490
32,020

  

Net assets
  
45,490
32,020


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
45,390
31,920

  
45,490
32,020


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 on 18 February 2025.


___________________________
Stephanie Coll
Director

Page 1

 
PARADIGM LEARNING BUSINESS SIMULATIONS (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Paradigm Learning Business Simulations (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lytchett House, 13 Freeland Park, Wareham Road, Poole BH16 6FA.

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

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Taxation

Tax is recognised in the Profit and Loss Account, 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.

 
2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%

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.

Page 2

 
PARADIGM LEARNING BUSINESS SIMULATIONS (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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 2 (2023 - 2).

Page 3

 
PARADIGM LEARNING BUSINESS SIMULATIONS (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
7,912



At 31 March 2024

7,912



Depreciation


At 1 April 2023
1,582


Charge for the year on owned assets
1,582



At 31 March 2024

3,164



Net book value



At 31 March 2024
4,748



At 31 March 2023
6,330


5.


Debtors

2024
2023
£
£


Trade debtors
21,301
3,178

Other debtors
1,653
74

Prepayments
-
4,260

22,954
7,512



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,093
6,409


Page 4

 
PARADIGM LEARNING BUSINESS SIMULATIONS (UK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
3,245
5

Other taxation and social security
-
41

Other creditors
259
273

Accruals
4,800
2,400

8,304
2,719



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


9.


Controlling party

The controlling party is Ftt Management Consultants Limited who owns 100% of the issued ordinary share capital of the company.

 
Page 5