Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13240672 2024-01-01 2024-12-31 13240672 2023-01-01 2023-12-31 13240672 2024-12-31 13240672 2023-12-31 13240672 2023-01-01 13240672 c:Director1 2024-01-01 2024-12-31 13240672 d:CurrentFinancialInstruments 2024-12-31 13240672 d:CurrentFinancialInstruments 2023-12-31 13240672 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13240672 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13240672 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 13240672 d:RetainedEarningsAccumulatedLosses 2024-12-31 13240672 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13240672 d:RetainedEarningsAccumulatedLosses 2023-12-31 13240672 d:RetainedEarningsAccumulatedLosses 2023-01-01 13240672 c:FRS102 2024-01-01 2024-12-31 13240672 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13240672 c:FullAccounts 2024-01-01 2024-12-31 13240672 c:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 13240672 2 2024-01-01 2024-12-31 13240672 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 13240672






PROFESSIONAL DEVELOPMENT INSTITUTE

(A company limited by guarantee)
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2024

 
PROFESSIONAL DEVELOPMENT INSTITUTE
 
(A company limited by guarantee)
REGISTERED NUMBER: 13240672

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
266,413
124

Cash at bank and in hand
 5 
605
540

  
267,018
664

Creditors: amounts falling due within one year
 6 
(225,147)
(4,815)

Net current assets/(liabilities)
  
 
 
41,871
 
 
(4,151)

Total assets less current liabilities
  
41,871
(4,151)

  

Net assets/(liabilities)
  
41,871
(4,151)


Capital and reserves
  

Profit and loss account
 7 
41,871
(4,151)

  
41,871
(4,151)


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 period 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.

Page 1

 
PROFESSIONAL DEVELOPMENT INSTITUTE
 
(A company limited by guarantee)
REGISTERED NUMBER: 13240672
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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 16 April 2025.




J Jack
Director

The notes on pages 4 to 7 form part of these financial statements.

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PROFESSIONAL DEVELOPMENT INSTITUTE
 
(A company limited by guarantee)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024


Profit and loss account
Total equity

£
£


At 1 January 2023
1,367
1,367


Comprehensive income for the year

Loss for the year
(5,518)
(5,518)
Total comprehensive income for the year
(5,518)
(5,518)


Total transactions with owners
-
-



At 1 January 2024
(4,151)
(4,151)


Comprehensive income for the period

Profit for the period
46,022
46,022
Total comprehensive income for the period
46,022
46,022


Total transactions with owners
-
-


At 31 December 2024
41,871
41,871


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
PROFESSIONAL DEVELOPMENT INSTITUTE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.Accounting policies

 
1.1

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.

 
1.2

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.4

Interest income

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

 
1.5

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 reporting date in the countries where the Company operates and generates income.

Page 4

 
PROFESSIONAL DEVELOPMENT INSTITUTE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.Accounting policies (continued)

 
1.6

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.

 
1.7

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.

 
1.8

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees




The average monthly number of employees, including directors, during the period was 3 (2023 - 2).

Page 5

 
PROFESSIONAL DEVELOPMENT INSTITUTE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Trade debtors
2,424
-

Amounts owed associated undertakings
263,865
-

Other debtors
124
124

266,413
124



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
605
540

605
540



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
148
-

Amounts owed to associated undertakings
200,829
-

Corporation tax
9,500
-

Other creditors
12,750
3,015

Accruals and deferred income
1,920
1,800

225,147
4,815



7.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

Page 6

 
PROFESSIONAL DEVELOPMENT INSTITUTE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


8.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 7