Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30trueHolding companyfalse2true2023-07-01false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12616403 2023-07-01 2024-06-30 12616403 2022-07-01 2023-06-30 12616403 2024-06-30 12616403 2023-06-30 12616403 c:Director2 2023-07-01 2024-06-30 12616403 d:CurrentFinancialInstruments 2024-06-30 12616403 d:CurrentFinancialInstruments 2023-06-30 12616403 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12616403 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12616403 d:ShareCapital 2024-06-30 12616403 d:ShareCapital 2023-06-30 12616403 d:RetainedEarningsAccumulatedLosses 2024-06-30 12616403 d:RetainedEarningsAccumulatedLosses 2023-06-30 12616403 c:FRS102 2023-07-01 2024-06-30 12616403 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12616403 c:FullAccounts 2023-07-01 2024-06-30 12616403 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12616403 2 2023-07-01 2024-06-30 12616403 6 2023-07-01 2024-06-30 12616403 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12616403










PACK INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PACK INVESTMENTS LIMITED
REGISTERED NUMBER: 12616403

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
65
65

  
65
65

Current assets
  

Debtors: amounts falling due within one year
 5 
7,930,703
7,758,464

Cash at bank and in hand
  
132,104
-

  
8,062,807
7,758,464

Creditors: amounts falling due within one year
 7 
(7,298,802)
(7,269,664)

Net current assets
  
 
 
764,005
 
 
488,800

Total assets less current liabilities
  
764,070
488,865

  

Net assets
  
764,070
488,865


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
763,970
488,765

  
764,070
488,865


Page 1

 
PACK INVESTMENTS LIMITED
REGISTERED NUMBER: 12616403
    
BALANCE SHEET (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 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: 




P Beaumont
Director

Date: 1 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PACK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

PACK Investments Limited is a private company limited by shares and was incorporated in England and Wales. The registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW. The company's registered number is 12616403.

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

Interest income

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

 
2.3

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.

 
2.4

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.


 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

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 3

 
PACK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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.

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.

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.
 
Page 4

 
PACK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 July 2023
65



At 30 June 2024
65





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
7,930,703
7,758,464

7,930,703
7,758,464


Page 5

 
PACK INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
132,104
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
65

Corporation tax
91,702
62,525

Other creditors
7,207,100
7,207,074

7,298,802
7,269,664



8.


Related party transactions

Within other creditors is a balance of £7,207,100 owed to a director (2023: £7,207,074). This amount is repayable on demand and non-interest bearing.

 
Page 6