Caseware UK (AP4) 2024.0.164 2024.0.164 falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2Business Support Service Activitiesfalse2023-06-20true0 NI698342 2023-06-19 NI698342 2023-06-20 2024-06-30 NI698342 2022-06-20 2023-06-19 NI698342 2024-06-30 NI698342 c:Director2 2023-06-20 2024-06-30 NI698342 d:ComputerEquipment 2023-06-20 2024-06-30 NI698342 d:ComputerEquipment 2024-06-30 NI698342 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-20 2024-06-30 NI698342 d:CurrentFinancialInstruments 2024-06-30 NI698342 d:Non-currentFinancialInstruments 2024-06-30 NI698342 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 NI698342 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 NI698342 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 NI698342 d:ShareCapital 2024-06-30 NI698342 d:RetainedEarningsAccumulatedLosses 2024-06-30 NI698342 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 NI698342 c:FRS102 2023-06-20 2024-06-30 NI698342 c:AuditExempt-NoAccountantsReport 2023-06-20 2024-06-30 NI698342 c:FullAccounts 2023-06-20 2024-06-30 NI698342 c:PrivateLimitedCompanyLtd 2023-06-20 2024-06-30 NI698342 e:PoundSterling 2023-06-20 2024-06-30 iso4217:GBP xbrli:pure

Registered number: NI698342










PB Belfast Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 30 June 2024

 
PB Belfast Limited
Registered number: NI698342

Balance Sheet
As at 30 June 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
7,556

  
7,556

Current assets
  

Debtors: amounts falling due within one year
 5 
85,555

Cash at bank and in hand
 6 
75,697

  
161,252

Creditors: amounts falling due within one year
 7 
(86,506)

Net current assets
  
 
 
74,746

Total assets less current liabilities
  
82,302

Creditors: amounts falling due after more than one year
 8 
(69,535)

Provisions for liabilities
  

Deferred tax
 10 
(1,889)

  
 
 
(1,889)

Net assets
  
10,878


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
10,877

  
10,878


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PB Belfast Limited
Registered number: NI698342

Balance Sheet (continued)
As at 30 June 2024

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 period 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 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 13 March 2025.




Ryan James Cooke
Director

The notes on pages 3 to 7 form part of these financial statements.

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PB Belfast Limited
 

 
Notes to the Financial Statements
For the Period Ended 30 June 2024

1.


General information

PB Belfast Limited is a private company limited by shares incorporated in Northern Ireland within the United Kingdom. The registration number and address of the registered office are given in the company information section of these financial statements. 
The presentation currency is that of sterling.

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

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.

  
2.3

Revenue

Revenue shown in the Profit and Loss Account represents amounts receivable from PB Belfast Limited immediate parent company, Paget-Brown Financial Services Limited, during the period for the provision of support services, exclusive of VAT.
Revenue in respect of the provision of support services to Paget-Brown Financial Services Limited is calculated as attributable cost plus a mark up, in accordance with an intercompany agreement between PB Belfast Limited and Paget-Brown Financial Services Limited.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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PB Belfast Limited
 

 
Notes to the Financial Statements
For the Period Ended 30 June 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

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
-
Straight line over three years

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.

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PB Belfast Limited
 

 
Notes to the Financial Statements
For the Period Ended 30 June 2024

2.Accounting policies (continued)

 
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

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.

 
2.10

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 period was 3.


4.


Tangible assets





Computer equipment

£



Cost or valuation


Additions
8,124



At 30 June 2024

8,124



Depreciation


Charge for the period on owned assets
568



At 30 June 2024

568



Net book value



At 30 June 2024
7,556

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PB Belfast Limited
 

 
Notes to the Financial Statements
For the Period Ended 30 June 2024

5.


Debtors: amounts falling due within one year

2024
£


Trade debtors
67,843

Other debtors
8,946

Prepayments and accrued income
8,766

85,555



6.


Cash at bank and in hand

2024
£

Cash at bank and in hand
75,697

75,697



7.


Creditors: Amounts falling due within one year

2024
£

Other loan interest
2,925

Trade creditors
10,585

Amounts owed to group undertakings
59,460

Corporation tax
2,150

Other creditors
6,436

Accruals and deferred income
4,950

86,506



8.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
69,535

69,535


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PB Belfast Limited
 

 
Notes to the Financial Statements
For the Period Ended 30 June 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Other loan interest
2,925


2,925

Amounts falling due 1-2 years

Other loans
69,535



72,460



10.


Deferred taxation



2024


£






Charged to profit or loss
(1,889)



At end of year
(1,889)

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
(1,889)

(1,889)


11.


Controlling party

The ultimate parent company is Paget-Brown Financial Services Limited, a company incorporated in the Cayman Islands.


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