Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31true1No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01falsetrue1false 06309041 2023-08-01 2024-07-31 06309041 2022-08-01 2023-07-31 06309041 2024-07-31 06309041 2023-07-31 06309041 c:Director1 2023-08-01 2024-07-31 06309041 c:RegisteredOffice 2023-08-01 2024-07-31 06309041 d:CurrentFinancialInstruments 2024-07-31 06309041 d:CurrentFinancialInstruments 2023-07-31 06309041 d:Non-currentFinancialInstruments 2024-07-31 06309041 d:Non-currentFinancialInstruments 2023-07-31 06309041 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 06309041 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06309041 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 06309041 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 06309041 d:ShareCapital 2024-07-31 06309041 d:ShareCapital 2023-07-31 06309041 d:RetainedEarningsAccumulatedLosses 2024-07-31 06309041 d:RetainedEarningsAccumulatedLosses 2023-07-31 06309041 c:FRS102 2023-08-01 2024-07-31 06309041 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06309041 c:FullAccounts 2023-08-01 2024-07-31 06309041 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06309041 e:USDollar 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 06309041












PV TECHNOLOGY FOR URBAN DEVELOPMENTS LIMITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
PV TECHNOLOGY FOR URBAN DEVELOPMENTS LIMITED
 

COMPANY INFORMATION


Director
L. S. D. P. Valladares 




Registered number
06309041



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BL





 
PV TECHNOLOGY FOR URBAN DEVELOPMENTS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
PV TECHNOLOGY FOR URBAN DEVELOPMENTS LIMITED
REGISTERED NUMBER: 06309041

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
$
$

Current assets
  

Stocks
 4 
10,367,304
10,367,304

Debtors
 5 
202
202

Cash at bank and in hand
  
1,011
1,154

  
10,368,517
10,368,660

Creditors: amounts falling due within one year
 6 
(12,027,357)
(12,024,678)

Net current liabilities
  
 
 
(1,658,840)
 
 
(1,656,018)

Creditors: amounts falling due after more than one year
 7 
(111,451)
(111,451)

Net liabilities
  
(1,770,291)
(1,767,469)


Capital and reserves
  

Allotted, called up and unpaid share capital
  
202
202

Profit and loss account
  
(1,770,493)
(1,767,671)

Equity shareholder's deficit
  
(1,770,291)
(1,767,469)


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 Director's Report and Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

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




L. S. D. P. Valladares
Director

Page 1

 
PV TECHNOLOGY FOR URBAN DEVELOPMENTS LIMITED
 

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

1.


General information

PV Technology for Urban Developments Limited (company registered number: 06309041), having its registered office at 1st Floor Sackville House 143-149 Fenchurch Street, London, ECM 6BL, is a private limited company incorporated in England and Wales. 
The trading address is Av. Queiroz Filho, 1560, Casa 16G, Vila Hamburguesa, 05.319-000, Sao Paulo, Brazil.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and  the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemptions in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a statement of Cash Flows on the grounds that it is a small company.

 
2.3

Going concern

At the year end, the Company had net liabilities of $1,770,291 (2023: $1,767,469). The director considers it appropriate to prepare the accounts on the going concern basis as the Company has the continuing support of its shareholder and main creditor.

 
2.4

Stocks

Stocks are 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, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

 
2.5

Debtors

Short-term debtors are measured at transaction price, 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. 

Page 2

 
PV TECHNOLOGY FOR URBAN DEVELOPMENTS LIMITED
 

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

2.Accounting policies (continued)

  
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is US Dollars (USD).

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 period 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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

Page 3

 
PV TECHNOLOGY FOR URBAN DEVELOPMENTS LIMITED
 

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

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in the Statement of Income and Retained Earnings..

The current corporation 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. 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).


4.


Stocks

2024
2023
$
$

Land
10,367,304
10,367,304


Page 4

 
PV TECHNOLOGY FOR URBAN DEVELOPMENTS LIMITED
 

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

5.


Debtors

2024
2023
$
$

Due within one year

Called up share capital not paid
202
202



6.


Creditors: Amounts falling due within one year

2024
2023
$
$

Trade creditors
-
4,255

Other creditors
12,026,124
12,020,423

Accruals and deferred income
1,233
-

12,027,357
12,024,678



7.


Creditors: Amounts falling due after more than one year

2024
2023
$
$

Other creditors
111,451
111,451



8.


Related party transactions

Included within other creditors due less than one year are amounts due to key management personnel with control over the Company of $12,026,124 (2023: $12,020,423).
Included within other creditors due greater than one year are amounts due to key management personnel with control over the Company of $111,451 
(2023: $111,451).


Page 5