Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false2023-08-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00733900 2023-08-01 2024-07-31 00733900 2022-08-01 2023-07-31 00733900 2024-07-31 00733900 2023-07-31 00733900 2022-08-01 00733900 2 2023-08-01 2024-07-31 00733900 2 2022-08-01 2023-07-31 00733900 d:Director1 2023-08-01 2024-07-31 00733900 e:FurnitureFittings 2023-08-01 2024-07-31 00733900 e:FurnitureFittings 2024-07-31 00733900 e:FurnitureFittings 2023-07-31 00733900 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 00733900 e:OfficeEquipment 2023-08-01 2024-07-31 00733900 e:OfficeEquipment 2024-07-31 00733900 e:OfficeEquipment 2023-07-31 00733900 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 00733900 e:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 00733900 e:FreeholdInvestmentProperty 2023-07-31 00733900 e:FreeholdInvestmentProperty 2 2023-08-01 2024-07-31 00733900 e:CurrentFinancialInstruments 2024-07-31 00733900 e:CurrentFinancialInstruments 2023-07-31 00733900 e:CurrentFinancialInstruments e:WithinOneYear 2024-07-31 00733900 e:CurrentFinancialInstruments e:WithinOneYear 2023-07-31 00733900 e:ShareCapital 2024-07-31 00733900 e:ShareCapital 2023-07-31 00733900 e:ShareCapital 2022-08-01 00733900 e:InvestmentPropertiesRevaluationReserve 2024-07-31 00733900 e:InvestmentPropertiesRevaluationReserve 2 2023-08-01 2024-07-31 00733900 e:InvestmentPropertiesRevaluationReserve 2023-07-31 00733900 e:InvestmentPropertiesRevaluationReserve 2022-08-01 00733900 e:InvestmentPropertiesRevaluationReserve 2 2022-08-01 2023-07-31 00733900 e:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 00733900 e:RetainedEarningsAccumulatedLosses 2024-07-31 00733900 e:RetainedEarningsAccumulatedLosses 2 2023-08-01 2024-07-31 00733900 e:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 00733900 e:RetainedEarningsAccumulatedLosses 2023-07-31 00733900 e:RetainedEarningsAccumulatedLosses 2022-08-01 00733900 e:RetainedEarningsAccumulatedLosses 2 2022-08-01 2023-07-31 00733900 d:OrdinaryShareClass1 2023-08-01 2024-07-31 00733900 d:OrdinaryShareClass1 2024-07-31 00733900 d:OrdinaryShareClass1 2023-07-31 00733900 d:OrdinaryShareClass2 2023-08-01 2024-07-31 00733900 d:OrdinaryShareClass2 2024-07-31 00733900 d:OrdinaryShareClass2 2023-07-31 00733900 d:FRS102 2023-08-01 2024-07-31 00733900 d:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 00733900 d:FullAccounts 2023-08-01 2024-07-31 00733900 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 00733900 e:ShareCapital 2 2023-08-01 2024-07-31 00733900 e:ShareCapital 2 2022-08-01 2023-07-31 00733900 e:AcceleratedTaxDepreciationDeferredTax 2024-07-31 00733900 e:AcceleratedTaxDepreciationDeferredTax 2023-07-31 00733900 e:TaxLossesCarry-forwardsDeferredTax 2024-07-31 00733900 e:TaxLossesCarry-forwardsDeferredTax 2023-07-31 00733900 e:OtherDeferredTax 2024-07-31 00733900 e:OtherDeferredTax 2023-07-31 00733900 f:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00733900










PETMON PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
PETMON PROPERTIES LIMITED
REGISTERED NUMBER: 00733900

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
764
76

Investment property
 5 
1,432,000
1,195,114

  
1,432,764
1,195,190

Current assets
  

Debtors: amounts falling due within one year
 6 
271
28,338

Cash at bank and in hand
  
458,689
436,528

  
458,960
464,866

Creditors: amounts falling due within one year
 7 
(24,187)
(21,636)

Net current assets
  
 
 
434,773
 
 
443,230

Total assets less current liabilities
  
1,867,537
1,638,420

Provisions for liabilities
  

Deferred tax
 8 
(167,270)
(108,781)

  
 
 
(167,270)
 
 
(108,781)

Net assets
  
1,700,267
1,529,639


Capital and reserves
  

Called up share capital 
 9 
200
200

Investment property reserve
  
662,050
484,385

Profit and loss account
  
1,038,017
1,045,054

  
1,700,267
1,529,639


The director considers 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 director acknowledges her 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.

Page 1

 
PETMON PROPERTIES LIMITED
REGISTERED NUMBER: 00733900

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



J M Carroll
Director

Date: 3 April 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
PETMON PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 August 2022
200
465,635
1,030,908
1,496,743



Profit for the year
-
-
57,896
57,896

Dividends
-
-
(25,000)
(25,000)

Transfer between reserves
-
18,750
(18,750)
-



At 1 August 2023
200
484,385
1,045,054
1,529,639



Profit for the year
-
-
215,628
215,628

Dividends
-
-
(45,000)
(45,000)

Transfer between reserves
-
177,665
(177,665)
-


At 31 July 2024
200
662,050
1,038,017
1,700,267


Page 3

 
PETMON PROPERTIES LIMITED
 

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

1.


General information

Petmon Properties Limited is a private company, limited by share capital and incorporated in England and Wales. 
The company's registered office address is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.

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. 
Revenue comprises rental income from operating leases which is credited to the Statement of Comprehensive Income evenly over the lease period.

 
2.3

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
15%
Office equipment
-
25%

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.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers or the director 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 net of deferred tax are recognised in the Statement of Comprehensive Income.

Page 4

 
PETMON PROPERTIES LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 5

 
PETMON PROPERTIES LIMITED
 

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

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
PETMON PROPERTIES LIMITED
 

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

4.


Tangible fixed assets





Furniture
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
4,259
-
4,259


Additions
-
782
782



At 31 July 2024

4,259
782
5,041



Depreciation


At 1 August 2023
4,183
-
4,183


Charge for the year on owned assets
12
82
94



At 31 July 2024

4,195
82
4,277



Net book value



At 31 July 2024
64
700
764



At 31 July 2023
76
-
76


5.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
1,195,114


Surplus on revaluation
236,886

The 2024 valuations were made by the director, on an open market value for existing use basis.




6.


Debtors

2024
2023
£
£

Other debtors
-
25,619

Prepayments and accrued income
271
2,719

271
28,338


Page 7

 
PETMON PROPERTIES LIMITED
 

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

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
9,288
8,529

Other creditors
6,196
4,741

Accruals and deferred income
8,703
8,366

24,187
21,636



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(108,781)
(101,630)


Charged to profit or loss
(58,489)
(7,151)



At end of year
(167,270)
(108,781)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(191)
(19)

Capital gains
(167,079)
(107,857)

Short term timing differences
-
(905)

(167,270)
(108,781)


9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 (2023 - 100) 'A' Ordinary shares of £1 each
100
100
100 (2023 - 100) 'B' Ordinary shares of £1 each
100
100

200

200

All shares rank pari passu with each other, however the directors have the authority to pay differing rates of dividends on each class of share.


Page 8

 
PETMON PROPERTIES LIMITED
 

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

10.


Related party transactions

During the year the director received dividends of £45,000 (2023: £25,000). At the balance sheet date the company owed its director £6,196 (2023: £4,741).


Page 9