Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-010true0truefalseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC434083 2023-04-01 2024-03-31 SC434083 2022-04-01 2023-03-31 SC434083 2024-03-31 SC434083 2023-03-31 SC434083 c:CompanySecretary1 2023-04-01 2024-03-31 SC434083 c:Director1 2023-04-01 2024-03-31 SC434083 c:Director2 2023-04-01 2024-03-31 SC434083 c:RegisteredOffice 2023-04-01 2024-03-31 SC434083 d:FreeholdInvestmentProperty 2024-03-31 SC434083 d:FreeholdInvestmentProperty 2023-03-31 SC434083 d:CurrentFinancialInstruments 2024-03-31 SC434083 d:CurrentFinancialInstruments 2023-03-31 SC434083 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC434083 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC434083 d:ShareCapital 2024-03-31 SC434083 d:ShareCapital 2023-03-31 SC434083 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 SC434083 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 SC434083 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC434083 c:OrdinaryShareClass1 2024-03-31 SC434083 c:OrdinaryShareClass1 2023-03-31 SC434083 c:FRS102 2023-04-01 2024-03-31 SC434083 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC434083 c:FullAccounts 2023-04-01 2024-03-31 SC434083 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC434083 e:Euro 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered Number:SC434083














PBJJ EUROPE LIMITED





UNAUDITED
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
PBJJ EUROPE LIMITED
 

COMPANY INFORMATION


Directors
Mr S A Clarkson 
Mrs L Clarkson 




Company secretary
LC Secretaries Limited



Registered number
SC434083



Registered office
15 Summer Street

Aberdeen

AB10 1SB





 
PBJJ EUROPE LIMITED
 

CONTENTS



Page
Directors' responsibilities statement
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8


 
PBJJ EUROPE LIMITED
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1

 
PBJJ EUROPE LIMITED
REGISTERED NUMBER:SC434083

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note

Fixed assets
  

Investment property
 4 
3,461,252
3,461,252

  
3,461,252
3,461,252

Current assets
  

Cash at bank and in hand
 5 
1,932
5,856

  
1,932
5,856

Creditors: amounts falling due within one year
 6 
(3,463,057)
(3,466,981)

Net current liabilities
  
 
 
(3,461,125)
 
 
(3,461,125)

Total assets less current liabilities
  
127
127

  

Net assets
  
127
127


Capital and reserves
  

Called up share capital 
 8 
127
127

  
127
127


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 profit and loss account 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 S A Clarkson
Director

Date: 25 March 2025

The notes on pages 4 to 8 form part of these financial statements.
Page 2

 
PBJJ EUROPE LIMITED
REGISTERED NUMBER:SC434083

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 3

 
PBJJ EUROPE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

PBJJ Europe Limited is a limited liability company incorporated in Scotland. The registered office is 15 Summer Street, Aberdeen, AB10 1SB. THe company remained dormant throughout the financial year.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors, having made due and careful enquiry and preparing forecasts, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements. 

  
2.3

Cash flow

The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard 102 - Section 1A.

 
2.4

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.

 
2.5

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.

Page 4

 
PBJJ EUROPE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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 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 with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

Page 5

 
PBJJ EUROPE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

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.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - €NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 6

 
PBJJ EUROPE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property




Valuation


At 1 April 2023
3,461,252



At 31 March 2024
3,461,252

The directors consider that there has been no material change in property value during the year.







5.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
1,932
5,856



6.


Creditors: Amounts falling due within one year

2024
2023

Other creditors
3,463,057
3,466,981



7.


Financial instruments

2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
1,932
5,856




Financial assets measured at fair value through profit or loss comprise cash at bank.

Page 7

 
PBJJ EUROPE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Share capital

2024
2023
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of 1.27 each
127
127



9.


Related party transactions

Included in creditors is a loan of €3,463,057 due to a director. No interest is payable on the loan and there are no set repayment terms although it is expected to be required to be paid in greater than one year.


10.


Controlling party

Throughout the year the company was controlled by directors.

Page 8