Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-302024-12-302023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseFinancial Advisors66truetruefalse 08213153 2023-12-31 2024-12-30 08213153 2022-12-31 2023-12-30 08213153 2024-12-30 08213153 2023-12-30 08213153 c:Director1 2023-12-31 2024-12-30 08213153 d:FurnitureFittings 2023-12-31 2024-12-30 08213153 d:FurnitureFittings 2024-12-30 08213153 d:FurnitureFittings 2023-12-30 08213153 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-31 2024-12-30 08213153 d:OfficeEquipment 2023-12-31 2024-12-30 08213153 d:OfficeEquipment 2024-12-30 08213153 d:OfficeEquipment 2023-12-30 08213153 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-31 2024-12-30 08213153 d:OwnedOrFreeholdAssets 2023-12-31 2024-12-30 08213153 d:CurrentFinancialInstruments 2024-12-30 08213153 d:CurrentFinancialInstruments 2023-12-30 08213153 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-30 08213153 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-30 08213153 d:ShareCapital 2024-12-30 08213153 d:ShareCapital 2023-12-30 08213153 d:RetainedEarningsAccumulatedLosses 2024-12-30 08213153 d:RetainedEarningsAccumulatedLosses 2023-12-30 08213153 c:FRS102 2023-12-31 2024-12-30 08213153 c:AuditExempt-NoAccountantsReport 2023-12-31 2024-12-30 08213153 c:FullAccounts 2023-12-31 2024-12-30 08213153 c:PrivateLimitedCompanyLtd 2023-12-31 2024-12-30 08213153 2 2023-12-31 2024-12-30 08213153 e:PoundSterling 2023-12-31 2024-12-30 iso4217:GBP xbrli:pure

Registered number: 08213153










PLATINUM GAIN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2024

 
PLATINUM GAIN LIMITED
REGISTERED NUMBER: 08213153

BALANCE SHEET
AS AT 30 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,827
3,587

  
3,827
3,587

Current assets
  

Debtors: amounts falling due within one year
 5 
26,037
30,337

Cash at bank and in hand
  
94,302
219,755

  
120,339
250,092

Creditors: amounts falling due within one year
 6 
(45,577)
(48,960)

Net current assets
  
 
 
74,762
 
 
201,132

Total assets less current liabilities
  
78,589
204,719

  

Net assets
  
78,589
204,719


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
78,489
204,619

  
78,589
204,719


Page 1

 
PLATINUM GAIN LIMITED
REGISTERED NUMBER: 08213153
    
BALANCE SHEET (CONTINUED)
AS AT 30 DECEMBER 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 or the director's report 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: 




Mr Edward Cohen
Director

Date: 6 March 2025

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

Page 2

 
PLATINUM GAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

1.


General information

Platinum Gain Limited is a private company limited by shares and registered in England and Wales. The registered address is 14th Floor, 33 Cavendish Square, London, W1G 0PW. The company's registered number is 08213153.

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

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.

Page 3

 
PLATINUM GAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 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

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:

Fixtures and fittings
-
Over 4 years
Office equipment
-
Over 3 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.

 
2.7

Debtors

Short term debtors are measured at transaction price, 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.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Page 4

 
PLATINUM GAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 5

 
PLATINUM GAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

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 6 (2023 - 6).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost 


At 30 December 2023
463
8,184
8,647


Additions
-
3,016
3,016


Disposals
-
(3,775)
(3,775)



At 30 December 2024

463
7,425
7,888



Depreciation


At 30 December 2023
463
4,598
5,061


Charge for the year 
-
1,809
1,809


Disposals
-
(2,809)
(2,809)



At 30 December 2024

463
3,598
4,061



Net book value



At 30 December 2024
-
3,827
3,827



At 30 December 2023
-
3,587
3,587

Page 6

 
PLATINUM GAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
21,591
25,976

Other debtors
4,446
3,702

Prepayments and accrued income
-
659

26,037
30,337



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
34,063
40,134

Other taxation and social security
1,604
-

Other creditors
4,470
3,986

Accruals and deferred income
5,440
4,840

45,577
48,960



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,878 (2023: £2,795). Contributions totalling £1,001 (2023: £302) were overpaid to the fund at the balance sheet date and are included in debtors.


8.


Related party transactions

Included within other creditors due within one year is an amount owed to the director of £2,209 (2023: £1,993). This amount is interest free and repayable on demand.

 
Page 7