Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseNo description of principal activity11truefalse 14189145 2023-07-01 2024-06-30 14189145 2022-06-22 2023-06-30 14189145 2024-06-30 14189145 2023-06-30 14189145 c:Director1 2023-07-01 2024-06-30 14189145 d:CurrentFinancialInstruments 2024-06-30 14189145 d:CurrentFinancialInstruments 2023-06-30 14189145 d:Non-currentFinancialInstruments 2024-06-30 14189145 d:Non-currentFinancialInstruments 2023-06-30 14189145 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14189145 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14189145 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 14189145 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 14189145 d:ShareCapital 2024-06-30 14189145 d:ShareCapital 2023-06-30 14189145 d:RetainedEarningsAccumulatedLosses 2024-06-30 14189145 d:RetainedEarningsAccumulatedLosses 2023-06-30 14189145 c:FRS102 2023-07-01 2024-06-30 14189145 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14189145 c:FullAccounts 2023-07-01 2024-06-30 14189145 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14189145 e:Euro 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 14189145









PJL INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PJL INVESTMENTS LIMITED
REGISTERED NUMBER: 14189145

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024


2024

2023
Note

Fixed assets
  

Investments
 4 
1,123,908
1,123,908

  
1,123,908
1,123,908

Current assets
  

Debtors: amounts falling due within one year
 5 
1,544,727
1,352,727

Cash at bank and in hand
 6 
86
86

  
1,544,813
1,352,813

Creditors: amounts falling due within one year
 7 
(232,549)
(2,488,704)

Net current assets/(liabilities)
  
 
 
1,312,264
 
 
(1,135,891)

Total assets less current liabilities
  
2,436,172
(11,983)

Creditors: amounts falling due after more than one year
 8 
(2,668,635)
-

  

Net liabilities
  
(232,463)
(11,983)


Capital and reserves
  

Called up share capital 
 9 
86
86

Profit and loss account
  
(232,549)
(12,069)

  
(232,463)
(11,983)


Page 1

 
PJL INVESTMENTS LIMITED
REGISTERED NUMBER: 14189145
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

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 his 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 April 2025.




M P Stillman
Director

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

Page 2

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

1.


General information

PJL Investments Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, United Kingdom, UB8 2FX.
The company is an investment company.

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

Going concern

The financial statements are prepared on a going concern basis, despite the Statement of financial position showing net liabilities of €232,463 (2023 - €11,983) which includes an amount due to an associate of the company of €2,668,635 (2023 - €Nil) which is due for repayment in 2027.
The director notes that the company has sufficient finance available to continue trading for a period of not less than 12 months from the date of approval of these financial statements. As such, the director believes that there are no significant uncertainties in his assessment of whether the business is a going concern and therefore has prepared the accounts on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Page 3

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

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.5

Associates

Associates are held at cost less impairment.

 
2.6

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.

 
2.7

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.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (period ended 30 June 2023 - 1).


4.


Fixed asset investments





Investments in associates




Cost


At 1 July 2023
1,123,908



At 30 June 2024
1,123,908




Page 4

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

5.


Debtors

2024
2023


Other debtors
1,544,727
1,352,727

1,544,727
1,352,727



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
86
86

86
86



7.


Creditors: Amounts falling due within one year

2024
2023

Other creditors
-
2,476,635

Accruals and deferred income
232,549
12,069

232,549
2,488,704



8.


Creditors: Amounts falling due after more than one year

2024
2023

Other creditors
2,668,635
-

2,668,635
-



9.


Share capital

2024
2023
Allotted, called up and fully paid



100 Ordinary shares of  £1 each
86
86


Page 5

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

10.


Related party transactions

During the year, the director made a loan to the company of €Nil (period ended 30 June 2023 - €2,476,635). During the year, the company repaid total amounts of €2,476,635. At the year end, the amount owed to the director was €Nil (2023 - €2,476,635). The loan was repayable on demand and accrued interest at 0.5%. During the year, interest of €Nil (period ended 30 June 2023 - €10,319) was accrued.
Included within other creditors due after more than a year is an amount of €2,668,635 
(2023 - €Nil) due to an associate of the company. The loan is repayable in May 2027, and accrues interest at 5%. During the year, interest of €218,730 (period ended 30 June 2023 - €Nil) was accrued.
Included within other debtors is an amount of €1,544,727 
(2023 - €1,352,727) due from an associate of the company. The loan is repayable on demand, and is interest-free.


11.


Controlling party

The ultimate controlling party is M P Stillman, a director, by virtue of his 100% shareholding in the company.

 
Page 6