Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activityfalsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-101true 15202086 2023-10-09 15202086 2023-10-10 2024-06-30 15202086 2022-07-01 2023-10-09 15202086 2024-06-30 15202086 c:Director1 2023-10-10 2024-06-30 15202086 d:FurnitureFittings 2023-10-10 2024-06-30 15202086 d:FurnitureFittings 2024-06-30 15202086 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-10 2024-06-30 15202086 d:FreeholdInvestmentProperty 2023-10-10 2024-06-30 15202086 d:FreeholdInvestmentProperty 2024-06-30 15202086 d:CurrentFinancialInstruments 2024-06-30 15202086 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 15202086 d:ShareCapital 2024-06-30 15202086 d:RetainedEarningsAccumulatedLosses 2024-06-30 15202086 c:OrdinaryShareClass1 2023-10-10 2024-06-30 15202086 c:OrdinaryShareClass1 2024-06-30 15202086 c:FRS102 2023-10-10 2024-06-30 15202086 c:AuditExempt-NoAccountantsReport 2023-10-10 2024-06-30 15202086 c:FullAccounts 2023-10-10 2024-06-30 15202086 c:PrivateLimitedCompanyLtd 2023-10-10 2024-06-30 15202086 e:PoundSterling 2023-10-10 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15202086









PCC SPV5 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
PCC SPV5 LIMITED
REGISTERED NUMBER: 15202086

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
Note
£

Fixed assets
  

Tangible assets
 3 
1,337

Investment property
 4 
220,347

  
221,684

Current assets
  

Debtors: amounts falling due within one year
 5 
100

  
100

Creditors: amounts falling due within one year
 6 
(245,223)

Net current (liabilities)/assets
  
 
 
(245,123)

Total assets less current liabilities
  
(23,439)

  

Net (liabilities)/assets
  
(23,439)


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
(23,539)

  
(23,439)


Page 1

 
PCC SPV5 LIMITED
REGISTERED NUMBER: 15202086
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

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 period 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 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 by: 




J A Shields
Director

Date: 26 February 2025

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

Page 2

 
PCC SPV5 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

PCC SPV5 Ltd is a private company incorporated in England and Wales (registered number 15202086). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.      
The financial statements are presented in Sterling, which is the functional currency of the company.
The company was incorporated on 10 October 2023 and started trading on the same day.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
Accordingly the director has continued to prepare the financial statements on the going concern basis.

 
2.3

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.

Page 3

 
PCC SPV5 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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 period in which they are incurred.

 
2.6

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:

Fixtures and fittings
-
25%

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.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

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.

 
2.9

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.

Page 4

 
PCC SPV5 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

3.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,415



At 30 June 2024

1,415



Depreciation


Charge for the period on owned assets
78



At 30 June 2024

78



Net book value



At 30 June 2024
1,337


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
220,347



At 30 June 2024
220,347

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
220,347

220,347

Page 5

 
PCC SPV5 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Debtors

2024
£


Other debtors
100

100



6.


Creditors: Amounts falling due within one year

2024
£

Bank loans
172,122

Amounts owed to group undertakings
71,601

Accruals and deferred income
1,500

245,223



7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation, the company issued 100 Ordinary shares of £1 each.

 
Page 6