Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302025-05-16falsetrue2023-10-01falsecontinues to be that of the leasing of property, plant and equipment.44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05983405 2023-10-01 2024-09-30 05983405 2022-10-01 2023-09-30 05983405 2024-09-30 05983405 2023-09-30 05983405 c:Director3 2023-10-01 2024-09-30 05983405 d:Buildings 2023-10-01 2024-09-30 05983405 d:Buildings 2024-09-30 05983405 d:Buildings 2023-09-30 05983405 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05983405 d:PlantMachinery 2023-10-01 2024-09-30 05983405 d:PlantMachinery 2024-09-30 05983405 d:PlantMachinery 2023-09-30 05983405 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05983405 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05983405 d:CurrentFinancialInstruments 2024-09-30 05983405 d:CurrentFinancialInstruments 2023-09-30 05983405 d:Non-currentFinancialInstruments 2024-09-30 05983405 d:Non-currentFinancialInstruments 2023-09-30 05983405 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05983405 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05983405 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05983405 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05983405 d:ShareCapital 2024-09-30 05983405 d:ShareCapital 2023-09-30 05983405 d:RetainedEarningsAccumulatedLosses 2024-09-30 05983405 d:RetainedEarningsAccumulatedLosses 2023-09-30 05983405 c:OrdinaryShareClass1 2023-10-01 2024-09-30 05983405 c:OrdinaryShareClass1 2024-09-30 05983405 c:OrdinaryShareClass1 2023-09-30 05983405 c:FRS102 2023-10-01 2024-09-30 05983405 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05983405 c:FullAccounts 2023-10-01 2024-09-30 05983405 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05983405 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05983405 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05983405 6 2023-10-01 2024-09-30 05983405 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05983405









PYRAMID GROUP HOLDINGS LIMITED








DIRECTORS' REPORT AND FINANCIAL STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PYRAMID GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 05983405

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
687,584
716,412

Investments
 5 
1,083
1,083

  
688,667
717,495

Current assets
  

Debtors
 6 
229,843
201,109

Cash at bank and in hand
  
4,595
99,503

  
234,438
300,612

Creditors: amounts falling due within one year
 7 
(232,606)
(349,154)

Net current assets/(liabilities)
  
 
 
1,832
 
 
(48,542)

Total assets less current liabilities
  
690,499
668,953

Creditors: amounts falling due after more than one year
 8 
-
(13,031)

Provisions for liabilities
  

Deferred tax
 9 
(2,045)
(2,902)

  
 
 
(2,045)
 
 
(2,902)

Net assets
  
688,454
653,020


Capital and reserves
  

Called up share capital 
 10 
83
83

Profit and loss account
  
688,371
652,937

  
688,454
653,020


Page 1

 
PYRAMID GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 05983405
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 year 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.

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 income and retained earnings 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 May 2025.




Paul Bailey
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PYRAMID GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is registered in England and Wales. The company's registered office is Pyramid Industrial Park, Chase Road, Brownhills, Walsall, West Midlands, WS8 6JT. The principal activity of the company continues to be that of the leasing of property, plant and equipment.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
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.

Page 3

 
PYRAMID GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

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

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

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.

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:

Freehold property
-
straight line over fifty years
Plant and machinery
-
10%/20% 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.

Page 4

 
PYRAMID GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
PYRAMID GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 October 2023
963,978
436,561
1,400,539


Additions
-
2,350
2,350



At 30 September 2024

963,978
438,911
1,402,889



Depreciation


At 1 October 2023
276,463
407,664
684,127


Charge for the year on owned assets
19,280
11,898
31,178



At 30 September 2024

295,743
419,562
715,305



Net book value



At 30 September 2024
668,235
19,349
687,584



At 30 September 2023
687,515
28,897
716,412

Page 6

 
PYRAMID GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
1,083



At 30 September 2024
1,083





6.


Debtors

2024
2023
£
£

Due after more than one year

Due within one year

Amounts owed by group undertakings
229,843
201,109

229,843
201,109



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,681
22,163

Trade creditors
694
-

Amounts owed to group undertakings
75,078
-

Corporation tax
20,275
16,087

Other taxation and social security
2,235
2,725

Obligations under finance lease and hire purchase contracts
-
360

Other creditors
125,627
305,758

Accruals and deferred income
2,016
2,061

232,606
349,154


Page 7

 
PYRAMID GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
13,031

-
13,031


The following liabilities were secured:

2024
2023
£
£



Bank loans
6,681
35,193

Hire Purchase
-
360

6,681
35,553

Details of security provided:

Bank loans are secured on all current and future assets of the company.  Hire purchase contracts are secured on the assets to which they relate.


9.


Deferred taxation




2024


£






At beginning of year
2,902


Charged to profit or loss
857



At end of year
2,045

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
2,045
2,902

2,045
2,902

Page 8

 
PYRAMID GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



83 (2023 - 83) ordinary shares of £1.00 each
83
83



11.


Related party transactions

As at the reporting date an amount of £229,843 (2023 £9,886) was due from a subsidiary company and £75,078 (2023 £191,222 due from) due to a subsidiary. Loans are made on an interest free basis and are repayable om demand.


12.


Controlling party

The controlling interest in the company is held by Jean Bailey.

 
Page 9