Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-05-082025-03-312025-05-08The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseNo description of principal activity11truetrue 09162906 2024-04-01 2025-03-31 09162906 2023-04-01 2024-03-31 09162906 2025-03-31 09162906 2024-03-31 09162906 c:Director1 2024-04-01 2025-03-31 09162906 d:OfficeEquipment 2024-04-01 2025-03-31 09162906 d:OfficeEquipment 2025-03-31 09162906 d:OfficeEquipment 2024-03-31 09162906 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09162906 d:ComputerEquipment 2024-04-01 2025-03-31 09162906 d:ComputerEquipment 2025-03-31 09162906 d:ComputerEquipment 2024-03-31 09162906 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09162906 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09162906 d:CurrentFinancialInstruments 2025-03-31 09162906 d:CurrentFinancialInstruments 2024-03-31 09162906 d:Non-currentFinancialInstruments 2025-03-31 09162906 d:Non-currentFinancialInstruments 2024-03-31 09162906 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 09162906 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09162906 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 09162906 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09162906 d:ShareCapital 2025-03-31 09162906 d:ShareCapital 2024-03-31 09162906 d:RetainedEarningsAccumulatedLosses 2025-03-31 09162906 d:RetainedEarningsAccumulatedLosses 2024-03-31 09162906 c:FRS102 2024-04-01 2025-03-31 09162906 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09162906 c:FullAccounts 2024-04-01 2025-03-31 09162906 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09162906 6 2024-04-01 2025-03-31 09162906 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 09162906










PINECOURT ADVISORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
PINECOURT ADVISORS LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 8


 
PINECOURT ADVISORS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PINECOURT ADVISORS LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pinecourt Advisors Limited for the year ended 31 March 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Pinecourt Advisors Limited in accordance with the terms of our engagement letter dated 22 February 2024Our work has been undertaken solely to prepare for your approval the financial statements of Pinecourt Advisors Limited  and state those matters that we have agreed to state to the director of Pinecourt Advisors Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinecourt Advisors Limited and its director for our work or for this report. 

It is your duty to ensure that Pinecourt Advisors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pinecourt Advisors Limited. You consider that Pinecourt Advisors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Pinecourt Advisors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
8 May 2025
Page 1

 
PINECOURT ADVISORS LIMITED
REGISTERED NUMBER: 09162906

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2025
2024
2024
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
-
1,016

Investments
 5 
500
500

  
500
1,516

CURRENT ASSETS
  

Debtors
 6 
149
27

Cash at bank and in hand
 7 
46,989
9,158

  
47,138
9,185

Creditors: amounts falling due within one year
 8 
(252,201)
(402,457)

NET CURRENT LIABILITIES
  
 
 
(205,063)
 
 
(393,272)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(204,563)
(391,756)

Creditors: amounts falling due after more than one year
 9 
(507,891)
(507,891)

NET LIABILITIES
  
(712,454)
(899,647)


CAPITAL AND RESERVES
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(713,454)
(900,647)

  
(712,454)
(899,647)


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 8 May 2025.

S MELNICK
Director

Date: 8 May 2025
Page 2

 
PINECOURT ADVISORS LIMITED
REGISTERED NUMBER: 09162906

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
PINECOURT ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
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

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.4

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 4

 
PINECOURT ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.ACCOUNTING POLICIES (CONTINUED)


1.4
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:

Office furniture
-
10% straight line
Computer equipment
-
33.33% straight line

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.

 
1.5

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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.

 
1.9

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 receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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
Page 5

 
PINECOURT ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.ACCOUNTING POLICIES (CONTINUED)


1.9
FINANCIAL INSTRUMENTS (CONTINUED)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 6

 
PINECOURT ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


TANGIBLE FIXED ASSETS





Office furniture
Computer equipment
Total

£
£
£



COST OR VALUATION


At 1 April 2024
13,565
16,864
30,429



At 31 March 2025

13,565
16,864
30,429



DEPRECIATION


At 1 April 2024
12,550
16,864
29,414


Charge for the year on owned assets
1,015
-
1,015



At 31 March 2025

13,565
16,864
30,429



NET BOOK VALUE



At 31 March 2025
-
-
-



At 31 March 2024
1,016
-
1,016


5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 April 2024
500



At 31 March 2025
500





6.


DEBTORS

2025
2024
£
£

Other debtors
149
27


Page 7

 
PINECOURT ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


CASH AND CASH EQUIVALENTS

2025
2024
£
£

Cash at bank and in hand
46,989
9,158



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Trade creditors
164,379
164,379

Other creditors
85,559
235,559

Accruals and deferred income
2,263
2,519

252,201
402,457



9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025
2024
£
£

Other creditors > 1 yr
507,891
507,891


Amounts falling due after more than one year comprises a loan from S Melnick, a shareholder and director in Pinecourt Advisors Limited. The balance is unsecured and interest free.


10.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £nil (2024 - £nil) were payable to the fund at the balance sheet date and are included in creditors.


Page 8