Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01truefalseNo description of principal activity11truefalse 06634516 2023-04-01 2024-03-31 06634516 2022-04-01 2023-03-31 06634516 2024-03-31 06634516 2023-03-31 06634516 c:Director1 2023-04-01 2024-03-31 06634516 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 06634516 d:Buildings d:ShortLeaseholdAssets 2024-03-31 06634516 d:Buildings d:ShortLeaseholdAssets 2023-03-31 06634516 d:LandBuildings 2024-03-31 06634516 d:LandBuildings 2023-03-31 06634516 d:MotorVehicles 2023-04-01 2024-03-31 06634516 d:MotorVehicles 2024-03-31 06634516 d:MotorVehicles 2023-03-31 06634516 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06634516 d:FurnitureFittings 2023-04-01 2024-03-31 06634516 d:FurnitureFittings 2024-03-31 06634516 d:FurnitureFittings 2023-03-31 06634516 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06634516 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06634516 d:Goodwill 2023-04-01 2024-03-31 06634516 d:Goodwill 2024-03-31 06634516 d:Goodwill 2023-03-31 06634516 d:CurrentFinancialInstruments 2024-03-31 06634516 d:CurrentFinancialInstruments 2023-03-31 06634516 d:Non-currentFinancialInstruments 2024-03-31 06634516 d:Non-currentFinancialInstruments 2023-03-31 06634516 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06634516 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06634516 d:ShareCapital 2024-03-31 06634516 d:ShareCapital 2023-03-31 06634516 d:RetainedEarningsAccumulatedLosses 2024-03-31 06634516 d:RetainedEarningsAccumulatedLosses 2023-03-31 06634516 c:FRS102 2023-04-01 2024-03-31 06634516 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06634516 c:FullAccounts 2023-04-01 2024-03-31 06634516 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06634516 6 2023-04-01 2024-03-31 06634516 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 06634516 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06634516









PALL MALL BARBERS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PALL MALL BARBERS LTD
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9


 
PALL MALL BARBERS LTD
REGISTERED NUMBER: 06634516

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,500
13,125

Tangible assets
 5 
127,364
111,592

Investments
 6 
1,000
1,000

  
140,864
125,717

Current assets
  

Debtors: amounts falling due after more than one year
 7 
56,587
56,587

Cash at bank and in hand
 8 
273
6,781

  
56,860
63,368

Creditors: amounts falling due within one year
 9 
(175,895)
(121,200)

Net current liabilities
  
 
 
(119,035)
 
 
(57,832)

Total assets less current liabilities
  
21,829
67,885

  

Net assets
  
21,829
67,885


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
21,819
67,875

  
21,829
67,885


Page 1

 
PALL MALL BARBERS LTD
REGISTERED NUMBER: 06634516
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 year 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 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 by: 




................................................
R Marshall
Director

Date: 21 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PALL MALL BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Pall Mall Barbers is a private company limited by shares. The company was incorporated in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
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

 
PALL MALL BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
25% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures & fittings
-
25% Reducing balance

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.

Page 4

 
PALL MALL BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.12

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 average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
PALL MALL BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
25,000



At 31 March 2024

25,000



Amortisation


At 1 April 2023
11,875


Charge for the year on owned assets
625



At 31 March 2024

12,500



Net book value



At 31 March 2024
12,500



At 31 March 2023
13,125



Page 6

 
PALL MALL BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





S/Term Leasehold Property
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
379,680
14,990
227,681
622,351


Additions
47,640
-
-
47,640



At 31 March 2024

427,320
14,990
227,681
669,991



Depreciation


At 1 April 2023
312,236
13,864
184,658
510,758


Charge for the year on owned assets
20,831
282
10,756
31,869



At 31 March 2024

333,067
14,146
195,414
542,627



Net book value



At 31 March 2024
94,253
844
32,267
127,364



At 31 March 2023
67,443
1,126
43,023
111,592




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Short leasehold
94,252
67,444

94,252
67,444


Page 7

 
PALL MALL BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1,000



At 31 March 2024
1,000




Page 8

 
PALL MALL BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
56,587
56,587

56,587
56,587



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
273
6,781

273
6,781



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,300
3,300

Amounts owed to group undertakings
138,576
34,424

Corporation tax
8,763
21,605

Other taxation and social security
17,181
21,521

Other creditors
2,575
10,039

Accruals and deferred income
5,500
30,311

175,895
121,200


 
Page 9