Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse22truetruefalse 13449992 2023-07-01 2024-06-30 13449992 2022-07-01 2023-06-30 13449992 2024-06-30 13449992 2023-06-30 13449992 c:Director1 2023-07-01 2024-06-30 13449992 d:CurrentFinancialInstruments 2024-06-30 13449992 d:CurrentFinancialInstruments 2023-06-30 13449992 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13449992 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13449992 d:ShareCapital 2024-06-30 13449992 d:ShareCapital 2023-06-30 13449992 d:RetainedEarningsAccumulatedLosses 2024-06-30 13449992 d:RetainedEarningsAccumulatedLosses 2023-06-30 13449992 c:FRS102 2023-07-01 2024-06-30 13449992 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13449992 c:FullAccounts 2023-07-01 2024-06-30 13449992 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13449992 2 2023-07-01 2024-06-30 13449992 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 13449992









PAX SIXTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PAX SIXTY LIMITED
REGISTERED NUMBER: 13449992

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

  

Current assets
  

Cash at bank and in hand
 4 
-
1,626

  
-
1,626

Creditors: amounts falling due within one year
 5 
(1,031)
(6,928)

Net current liabilities
  
 
 
(1,031)
 
 
(5,302)

Total assets less current liabilities
  
(1,031)
(5,302)

  

Net liabilities
  
(1,031)
(5,302)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,131)
(5,402)

  
(1,031)
(5,302)


Page 1

 
PAX SIXTY LIMITED
REGISTERED NUMBER: 13449992
    
STATEMENT OF FINANCIAL POSITION (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 year 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 28 March 2025.




Z Goodman
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
PAX SIXTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Pax Sixty Limited is a private company limited by shares, incorporated in England & Wales (registered number 13449992). 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.

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

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the director and shareholder for financial support, which the director is confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 30 June 2024, the company had net liabilities of £1,031. The director and shareholder have indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the directors considers it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the director and shareholder.

 
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

 
PAX SIXTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

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 year was 2 (2023 - 2).


4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
1,626

-
1,626



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
370
308

Amounts owed to group undertakings
301
1,620

Accruals and deferred income
360
5,000

1,031
6,928


 
Page 4