Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-10-01No description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03193669 2023-10-01 2024-09-30 03193669 2022-10-01 2023-09-30 03193669 2024-09-30 03193669 2023-09-30 03193669 c:Director3 2023-10-01 2024-09-30 03193669 d:Buildings 2024-09-30 03193669 d:Buildings 2023-09-30 03193669 d:CurrentFinancialInstruments 2024-09-30 03193669 d:CurrentFinancialInstruments 2023-09-30 03193669 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03193669 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03193669 d:ShareCapital 2024-09-30 03193669 d:ShareCapital 2023-09-30 03193669 d:RevaluationReserve 2023-10-01 2024-09-30 03193669 d:RevaluationReserve 2024-09-30 03193669 d:RevaluationReserve 2023-09-30 03193669 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 03193669 d:RetainedEarningsAccumulatedLosses 2024-09-30 03193669 d:RetainedEarningsAccumulatedLosses 2023-09-30 03193669 c:FRS102 2023-10-01 2024-09-30 03193669 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03193669 c:FullAccounts 2023-10-01 2024-09-30 03193669 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03193669 2 2023-10-01 2024-09-30 03193669 5 2023-10-01 2024-09-30 03193669 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 03193669











PANARD LIMITED
Unaudited
Financial statements
For the Year Ended 30 September 2024

















Coveney Nicholls Limited
Chartered Accountants & Statutory Auditor
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
PANARD LIMITED
Registered number:03193669

Statement of Financial Position
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,918,000
2,918,000

  
2,918,000
2,918,000

Current assets
  

Debtors: amounts falling due within one year
 5 
11,343
657

Cash at bank and in hand
  
113,266
114,931

  
124,609
115,588

Creditors: amounts falling due within one year
 6 
(145,127)
(131,285)

Net current liabilities
  
 
 
(20,518)
 
 
(15,697)

Total assets less current liabilities
  
2,897,482
2,902,303

  

Net assets
  
2,897,482
2,902,303


Capital and reserves
  

Called up share capital 
  
900
900

Revaluation reserve
 7 
1,996,229
1,996,229

Profit and loss account
 7 
900,353
905,174

  
2,897,482
2,902,303


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 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 on 17 January 2025.



Page 1

 
PANARD LIMITED
Registered number:03193669
    
Statement of Financial Position (continued)
As at 30 September 2024


................................................
Dr P F Roberts
Director

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

Page 2

 
PANARD LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 September 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Eothen House, Eothen Close, Caterham, Surrey, CR3 6JU.

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

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.

Page 3

 
PANARD LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 September 2024

2.Accounting policies (continued)

 
2.5

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 reporting date in the countries where the Company operates and generates income.


 
2.6

Revaluation of 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.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
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 4

 
PANARD LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 September 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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 October 2023
2,918,000



At 30 September 2024

2,918,000






Net book value



At 30 September 2024
2,918,000



At 30 September 2023
2,918,000

The freehold investment property was valued by Edward Symmons LLP in February 2015 on an open market existing use basis. The historical cost is £921,771.

Page 5

 
PANARD LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 30 September 2024

5.


Debtors

2024
2023
£
£


Trade debtors
11,343
657

11,343
657



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,748
3,444

Corporation tax
47,025
41,047

Other taxation and social security
11,662
8,370

Other creditors
30,533
28,603

Accruals and deferred income
50,159
49,821

145,127
131,285



7.


Reserves

Revaluation reserve

This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income

Profit and loss account

This reserve records retained earnings and accumulated losses.

 
Page 6