Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-192024-01-01The principal activity of the company has continued to be that of management consultancy servicesfalse34truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01705047 2024-01-01 2024-12-31 01705047 2023-01-01 2023-12-31 01705047 2024-12-31 01705047 2023-12-31 01705047 c:Director1 2024-01-01 2024-12-31 01705047 d:CurrentFinancialInstruments 2024-12-31 01705047 d:CurrentFinancialInstruments 2023-12-31 01705047 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01705047 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01705047 d:ShareCapital 2024-12-31 01705047 d:ShareCapital 2023-12-31 01705047 d:RetainedEarningsAccumulatedLosses 2024-12-31 01705047 d:RetainedEarningsAccumulatedLosses 2023-12-31 01705047 d:OtherDeferredTax 2024-12-31 01705047 d:OtherDeferredTax 2023-12-31 01705047 c:OrdinaryShareClass1 2024-01-01 2024-12-31 01705047 c:OrdinaryShareClass1 2024-12-31 01705047 c:FRS102 2024-01-01 2024-12-31 01705047 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01705047 c:FullAccounts 2024-01-01 2024-12-31 01705047 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01705047 2 2024-01-01 2024-12-31 01705047 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01705047














PHM ASSOCIATES LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PHM ASSOCIATES LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
PHM ASSOCIATES LIMITED
REGISTERED NUMBER:01705047

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
57
119

Cash at bank and in hand
 5 
426,666
371,319

  
426,723
371,438

Creditors: amounts falling due within one year
 6 
(351,292)
(316,716)

Net current assets
  
 
 
75,431
 
 
54,722

Total assets less current liabilities
  
75,431
54,722

  

Net assets
  
75,431
54,722


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
75,331
54,622

  
75,431
54,722


1

 
PHM ASSOCIATES LIMITED
REGISTERED NUMBER:01705047
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 by: 





P E Hookham-Miller
Director

Date: 19 May 2025

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

2

 
PHM ASSOCIATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

PHM Associates Limited is a private company, limited by shares, registered in England and Wales, with registration number 01705047. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company has continued to be that of management consultancy services.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from management consultancy services is recognised from fees received for provision of management consultancy services to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.  

 
2.3

Interest income

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

 
2.4

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.

3

 
PHM ASSOCIATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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 corporate 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 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 balance sheet date.


 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

 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.

 
2.8

 Creditors

Short term creditors are measured at the transaction price.

 
2.9

 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 3 (2023 - 4).

4

 
PHM ASSOCIATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Other debtors
2
2

Deferred taxation
55
117

57
119



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
426,666
371,319



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
693
3,039

Corporation tax
240,911
194,964

Other taxation and social security
104,690
109,866

Other creditors
398
467

Accruals and deferred income
4,600
8,380

351,292
316,716


5

 
PHM ASSOCIATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Deferred taxation




2024


£






At beginning of year
117


Charged to profit or loss
(62)



At end of year
55

The deferred tax asset is made up as follows:

2024
2023
£
£


Short term timing differences
55
117


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 Ordinary shares of £0.01 each
100
100



9.


Pension commitments

The company operates a defined contributions pensions scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,170 (2023 - £2,476). At the balance sheet date the company owed £398 (2023 - £468) to the pension fund.


10.


 Related party transactions

During the year, the company received management and licensing fees from a company under common control of £1,232,675 (2023 - £1,009,000) excluding VAT. At the year end, the company was owed £NIL (2023 - £NIL).

During the year, the company paid dividends totalling £702,210 (2023 - £627,000).
 
6