Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12110909 2023-08-01 2024-07-31 12110909 2022-08-01 2023-07-31 12110909 2024-07-31 12110909 2023-07-31 12110909 c:Director1 2023-08-01 2024-07-31 12110909 d:PlantMachinery 2023-08-01 2024-07-31 12110909 d:PlantMachinery 2024-07-31 12110909 d:PlantMachinery 2023-07-31 12110909 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12110909 d:FurnitureFittings 2023-08-01 2024-07-31 12110909 d:FurnitureFittings 2024-07-31 12110909 d:FurnitureFittings 2023-07-31 12110909 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12110909 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12110909 d:CurrentFinancialInstruments 2024-07-31 12110909 d:CurrentFinancialInstruments 2023-07-31 12110909 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12110909 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12110909 d:ShareCapital 2024-07-31 12110909 d:ShareCapital 2023-07-31 12110909 d:RetainedEarningsAccumulatedLosses 2024-07-31 12110909 d:RetainedEarningsAccumulatedLosses 2023-07-31 12110909 c:FRS102 2023-08-01 2024-07-31 12110909 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12110909 c:FullAccounts 2023-08-01 2024-07-31 12110909 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12110909 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 12110909









PIT HILL LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
PIT HILL LTD
REGISTERED NUMBER: 12110909

BALANCE SHEET
AS AT 31 JULY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
5,017
-

  
5,017
-

Current assets
  

Work in Progress
  
3,900,138
1,074,057

Debtors: amounts falling due within one year
 5 
86,728
12,674

Cash at bank and in hand
  
223,070
3,563

  
4,209,936
1,090,294

Creditors: amounts falling due within one year
 6 
(4,481,665)
(1,095,130)

Net current liabilities
  
 
 
(271,729)
 
 
(4,836)

Total assets less current liabilities
  
(266,712)
(4,836)

  

Net liabilities
  
(266,712)
(4,836)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(266,812)
(4,936)

  
(266,712)
(4,836)


Page 1

 
PIT HILL LTD
REGISTERED NUMBER: 12110909
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 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 on 28 April 2025.




A S Mandeir
Director

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

Page 2

 
PIT HILL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration number: 12110909). The address of the registered office is Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR.

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

Financial support is given by the company's bankers in the form of a loan. Discussions with the provider give the directors no reason to believe that this support will be withdrawn.
At the time of signing there is a degree of uncertainty about the long term economic impact of the cost of living and wider geopolitical issues. The director is aware that the company may be impacted to some degree by general economic factors in the UK and continues to monitor the position closely, however believes that the company can continue at an appropriate level of activity until at least April 2026, subject to his continued support.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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.

Page 3

 
PIT HILL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Plant and machinery
-
10%
straight line
Fixtures and fittings
-
25%
reducing balance

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.

 
2.6

Work in progress

Work in progess is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

At each balance sheet date, work in progress is assessed for impairment. If impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 4

 
PIT HILL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
2,160
4,098
6,258



At 31 July 2024

2,160
4,098
6,258



Depreciation


Charge for the year on owned assets
216
1,025
1,241



At 31 July 2024

216
1,025
1,241



Net book value



At 31 July 2024
1,944
3,073
5,017



At 31 July 2023
-
-
-


5.


Debtors

2024
2023
£
£


Other debtors
72,484
11,676

Prepayments and accrued income
14,244
998

86,728
12,674


Page 5

 
PIT HILL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
3,182,704
-

Trade creditors
184,629
20,571

Other taxation and social security
9,290
200

Other creditors
1,103,022
1,070,337

Accruals and deferred income
2,020
4,022

4,481,665
1,095,130



7.


Related party transactions

At the year end there is a balance due to the director of £1,013,959 (2023: £980,707) and a balance due to the partnership in which the director holds an interest of £89,063 (2023: £89,630). These are interest free and repayable on demand.

 
Page 6