Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseInvestment activities22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10998246 2024-01-01 2024-12-31 10998246 2023-01-01 2023-12-31 10998246 2024-12-31 10998246 2023-12-31 10998246 c:Director2 2024-01-01 2024-12-31 10998246 d:OfficeEquipment 2024-01-01 2024-12-31 10998246 d:OfficeEquipment 2024-12-31 10998246 d:OfficeEquipment 2023-12-31 10998246 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10998246 d:CurrentFinancialInstruments 2024-12-31 10998246 d:CurrentFinancialInstruments 2023-12-31 10998246 d:Non-currentFinancialInstruments 2024-12-31 10998246 d:Non-currentFinancialInstruments 2023-12-31 10998246 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10998246 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10998246 d:ShareCapital 2024-12-31 10998246 d:ShareCapital 2023-12-31 10998246 d:RetainedEarningsAccumulatedLosses 2024-12-31 10998246 d:RetainedEarningsAccumulatedLosses 2023-12-31 10998246 c:FRS102 2024-01-01 2024-12-31 10998246 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10998246 c:FullAccounts 2024-01-01 2024-12-31 10998246 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10998246 6 2024-01-01 2024-12-31 10998246 2 2024-12-31 10998246 2 2023-12-31 10998246 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 10998246






PETFOLD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










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PETFOLD LIMITED
REGISTERED NUMBER:10998246

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
152

Investments
 5 
833,652
584,329

  
833,652
584,481

Current assets
  

Debtors: amounts falling due after more than one year
 6 
141,682
407,638

Debtors: amounts falling due within one year
 6 
21,000
-

Cash at bank and in hand
 7 
7,348
437,806

  
170,030
845,444

Creditors: amounts falling due within one year
 8 
(158,437)
(114,396)

Net current assets
  
 
 
11,593
 
 
731,048

Total assets less current liabilities
  
845,245
1,315,529

  

Net assets
  
845,245
1,315,529


Capital and reserves
  

Called up share capital 
  
601,892
601,892

Profit and loss account
  
243,353
713,637

  
845,245
1,315,529


Page 1

 
PETFOLD LIMITED
REGISTERED NUMBER:10998246
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 income and retained earnings 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: 




R S Anderson
Director

Date: 31 March 2025

Page 2

 
PETFOLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Petfold Limited is a private company limited by share capital, incorporated in England and Wales, registration number 10998246. The address of the registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company is that of investment activities.

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:

Financial Instruments
Net gains or losses from financial instruments at fair value through profit and loss includes all realised and unrealised fair value changes but does not include dividend income.
Dividend Income
Dividend income is recognised in the profit and loss on the date at which the rights to receive payment is established.

 
2.3

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.


Page 3

 
PETFOLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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:

Office equipment
-
33%
Straight line

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.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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. 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.

 
2.9

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.

Page 4

 
PETFOLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

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 2 (2023 -2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
2,704



At 31 December 2024

2,704



Depreciation


At 1 January 2024
2,552


Charge for the year on owned assets
152



At 31 December 2024

2,704



Net book value



At 31 December 2024
-



At 31 December 2023
152

Page 5

 
PETFOLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Investments in associates
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2024
222,878
361,451
584,329


Additions
-
365,090
365,090


Disposals
-
(25,000)
(25,000)



At 31 December 2024

222,878
701,541
924,419



Impairment


Charge for the period
-
90,767
90,767



At 31 December 2024

-
90,767
90,767



Net book value



At 31 December 2024
222,878
610,774
833,652



At 31 December 2023
222,878
361,451
584,329


6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
141,682
407,638

141,682
407,638


2024
2023
£
£

Due within one year

Other debtors
21,000
-

21,000
-


Page 6

 
PETFOLD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,348
437,806

7,348
437,806



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
18,064

Other creditors
155,437
93,332

Accruals and deferred income
3,000
3,000

158,437
114,396


 
Page 7