Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity32trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05857388 2023-04-01 2024-03-31 05857388 2021-10-01 2023-03-31 05857388 2024-03-31 05857388 2023-03-31 05857388 c:Director1 2023-04-01 2024-03-31 05857388 d:OfficeEquipment 2023-04-01 2024-03-31 05857388 d:OfficeEquipment 2024-03-31 05857388 d:OfficeEquipment 2023-03-31 05857388 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05857388 d:ComputerEquipment 2023-04-01 2024-03-31 05857388 d:ComputerEquipment 2024-03-31 05857388 d:ComputerEquipment 2023-03-31 05857388 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05857388 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05857388 d:CurrentFinancialInstruments 2024-03-31 05857388 d:CurrentFinancialInstruments 2023-03-31 05857388 d:Non-currentFinancialInstruments 2024-03-31 05857388 d:Non-currentFinancialInstruments 2023-03-31 05857388 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05857388 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05857388 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 05857388 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05857388 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05857388 c:FullAccounts 2023-04-01 2024-03-31 05857388 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05857388 c:Micro-entities 2023-04-01 2024-03-31 05857388 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05857388









PAF VENTURES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PAF VENTURES LIMITED
REGISTERED NUMBER: 05857388

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Fixed assets
 2 
11,531
10,077

Current assets
 3,4 
542,956
282,135

Creditors: amounts falling due within one year
 5 
(133,942)
(39,027)

Net current assets
  
 
 
409,014
 
 
243,108

Total assets less current liabilities
  
420,545
253,185

Creditors: amounts falling due after more than one year
 6 
(13,189)
(23,189)

  

Net assets
  
407,356
229,996


  

Capital and reserves
  
407,356
229,996


Notes


General information

PAF Ventures Limited is a private company, limited by shares, registered in England and Wales. The address of the company’s registered office is C/O Bracher Rawlins LLP, 16 High Holborn, London, WC1V 6BX.


Average number of employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 1

 
PAF VENTURES LIMITED
REGISTERED NUMBER: 05857388
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Directors' confirmations

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.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the 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 27 March 2025.




M Willingham-Toxvaerd
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PAF VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

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 Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.


2.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
22,592
10,179
32,771


Additions
950
4,679
5,629



At 31 March 2024

23,542
14,858
38,400



Depreciation


At 1 April 2023
12,516
10,179
22,695


Charge for the year on owned assets
3,531
643
4,174



At 31 March 2024

16,047
10,822
26,869



Net book value



At 31 March 2024
7,495
4,036
11,531



At 31 March 2023
10,077
-
10,077


3.


Debtors

2024
2023
£
£


Trade debtors
127,400
15,001

Other debtors
265,530
153,387

392,930
168,388


Page 3

 
PAF VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
150,025
113,746

150,025
113,746



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
6,855
664

Corporation tax
87,356
14,569

Other taxation and social security
25,545
9,821

Other creditors
8
-

Accruals and deferred income
4,178
3,973

133,942
39,027



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,189
23,189

13,189
23,189


Page 4

 
PAF VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due after more than one year

Bank loans
13,189
23,189


13,189
23,189



23,189
33,189



8.


Transactions with the directors

At the balance sheet date, the directors jointly owe the company £262,935 (2023: £153,387).

 
Page 5