Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2true2023-06-30falsefalseNo description of principal activity 14971729 2023-06-29 14971729 2023-06-30 2024-06-30 14971729 2022-06-30 2023-06-29 14971729 2024-06-30 14971729 c:Director2 2023-06-30 2024-06-30 14971729 d:FreeholdInvestmentProperty 2023-06-30 2024-06-30 14971729 d:FreeholdInvestmentProperty 2024-06-30 14971729 d:CurrentFinancialInstruments 2024-06-30 14971729 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14971729 d:ShareCapital 2024-06-30 14971729 d:RetainedEarningsAccumulatedLosses 2024-06-30 14971729 c:OrdinaryShareClass1 2023-06-30 2024-06-30 14971729 c:OrdinaryShareClass1 2024-06-30 14971729 c:FRS102 2023-06-30 2024-06-30 14971729 c:AuditExempt-NoAccountantsReport 2023-06-30 2024-06-30 14971729 c:FullAccounts 2023-06-30 2024-06-30 14971729 c:PrivateLimitedCompanyLtd 2023-06-30 2024-06-30 14971729 2 2023-06-30 2024-06-30 14971729 e:PoundSterling 2023-06-30 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14971729









PAC 11 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
PAC 11 LTD
REGISTERED NUMBER: 14971729

BALANCE SHEET
AS AT 30 JUNE 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
6,701,378

  
6,701,378

Current assets
  

Debtors: amounts falling due within one year
 5 
72,813

Cash at bank and in hand
 6 
2,026

  
74,839

Creditors: amounts falling due within one year
 7 
(6,704,052)

Net current (liabilities)/assets
  
 
 
(6,629,213)

Total assets less current liabilities
  
72,165

  

Net assets
  
72,165


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
72,065

  
72,165


Page 1

 
PAC 11 LTD
REGISTERED NUMBER: 14971729
    
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 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 on 10 March 2025.




A M Rajwan
Director

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

Page 2

 
PAC 11 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

PAC 11 Ltd is a private company limited by shares, incorporated in England & Wales (registered number 14971729).  The Company's registered office address 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.  

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

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 balance sheet date in the countries where the Company operates and generates income.


Page 3

 
PAC 11 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 period was 2.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
6,701,378



At 30 June 2024
6,701,378

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






Page 4

 
PAC 11 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Debtors

2024
£


Trade debtors
27,835

Other debtors
43,209

Prepayments and accrued income
1,769

72,813



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
2,026

2,026



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
11,400

Amounts owed to group undertakings
6,468,837

Corporation tax
24,022

Accruals and deferred income
199,793

6,704,052



8.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


During the period, 100 ordinary shares at par value of £1 per share was issued.

Page 5

 
PAC 11 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

9.


Controlling party

The Company's immediate parent company is C21 Holdings PLC, a company incorporated in England &
Wales.

 
Page 6