Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-13false1falsetrue 15068539 2023-08-12 15068539 2023-08-13 2024-06-30 15068539 2022-08-13 2023-08-12 15068539 2024-06-30 15068539 c:Director1 2023-08-13 2024-06-30 15068539 d:FreeholdInvestmentProperty 2023-08-13 2024-06-30 15068539 d:FreeholdInvestmentProperty 2024-06-30 15068539 d:CurrentFinancialInstruments 2024-06-30 15068539 d:Non-currentFinancialInstruments 2024-06-30 15068539 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 15068539 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 15068539 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 15068539 d:ShareCapital 2024-06-30 15068539 d:RetainedEarningsAccumulatedLosses 2024-06-30 15068539 c:OrdinaryShareClass1 2023-08-13 2024-06-30 15068539 c:OrdinaryShareClass1 2024-06-30 15068539 c:FRS102 2023-08-13 2024-06-30 15068539 c:AuditExempt-NoAccountantsReport 2023-08-13 2024-06-30 15068539 c:FullAccounts 2023-08-13 2024-06-30 15068539 c:PrivateLimitedCompanyLtd 2023-08-13 2024-06-30 15068539 e:PoundSterling 2023-08-13 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15068539









PCC SPV1 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
PCC SPV1 LIMITED
REGISTERED NUMBER: 15068539

BALANCE SHEET
AS AT 30 JUNE 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
141,279

  
141,279

Current assets
  

Debtors: amounts falling due within one year
 5 
150,901

Cash at bank and in hand
 6 
527

  
151,428

Creditors: amounts falling due within one year
 7 
(189,320)

Net current (liabilities)/assets
  
 
 
(37,892)

Total assets less current liabilities
  
103,387

Creditors: amounts falling due after more than one year
 8 
(111,503)

  

Net (liabilities)/assets
  
(8,116)


Capital and reserves
  

Called up share capital 
 10 
100

Profit and loss account
  
(8,216)

  
(8,116)


Page 1

 
PCC SPV1 LIMITED
REGISTERED NUMBER: 15068539
    
BALANCE SHEET (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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

 PCC SPV1 Limited is a private company limited by shares and incorporated in England & Wales
(registered number 15068539 ). 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 13 August 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from the director that he will give his full financial support to the company for the foreseeable future. The director believes that it is therefore appropriate for the financial statements to be prepared 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 SPV1 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

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.

 
2.7

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.

 
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.


3.


Employees




The average monthly number of employees, including the director, during the period was as follows:


     Period ended
        30 June
        2024
            No.






Director
1

Page 4

 
PCC SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
141,279



At 30 June 2024
141,279

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
141,279

141,279


5.


Debtors

2024
£


Amounts owed by group undertakings
150,801

Other debtors
100

150,901



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
527

527


Page 5

 
PCC SPV1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
£

Other creditors
187,820

Accruals and deferred income
1,500

189,320



8.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
111,503

111,503



9.


Loans


Analysis of the maturity of loans is given below:


2024
£


Amounts falling due 1-2 years

Bank loans
111,503


111,503



111,503



10.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation 100 Ordinary shares of £1 each were issued.

 
Page 6