Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312025-05-232024-12-312025-05-23falseNo description of principal activity2023-12-041falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15326304 2023-12-03 15326304 2023-12-04 2024-12-31 15326304 2022-12-04 2023-12-03 15326304 2024-12-31 15326304 1 2023-12-04 2024-12-31 15326304 7 2023-12-04 2024-12-31 15326304 d:Director1 2023-12-04 2024-12-31 15326304 e:FreeholdInvestmentProperty 2023-12-04 2024-12-31 15326304 e:FreeholdInvestmentProperty 2024-12-31 15326304 e:FreeholdInvestmentProperty 2 2023-12-04 2024-12-31 15326304 e:CurrentFinancialInstruments 2024-12-31 15326304 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 15326304 e:ShareCapital 2023-12-04 2024-12-31 15326304 e:ShareCapital 2024-12-31 15326304 e:InvestmentPropertiesRevaluationReserve 2023-12-04 2024-12-31 15326304 e:InvestmentPropertiesRevaluationReserve 2024-12-31 15326304 e:InvestmentPropertiesRevaluationReserve 1 2023-12-04 2024-12-31 15326304 e:RetainedEarningsAccumulatedLosses 2023-12-04 2024-12-31 15326304 e:RetainedEarningsAccumulatedLosses 2024-12-31 15326304 e:RetainedEarningsAccumulatedLosses 1 2023-12-04 2024-12-31 15326304 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 15326304 d:OrdinaryShareClass1 2023-12-04 2024-12-31 15326304 d:OrdinaryShareClass1 2024-12-31 15326304 d:FRS102 2023-12-04 2024-12-31 15326304 d:AuditExemptWithAccountantsReport 2023-12-04 2024-12-31 15326304 d:FullAccounts 2023-12-04 2024-12-31 15326304 d:PrivateLimitedCompanyLtd 2023-12-04 2024-12-31 15326304 e:ShareCapital 1 2023-12-04 2024-12-31 15326304 f:PoundSterling 2023-12-04 2024-12-31 15326304 e:RetainedEarningsAccumulatedLosses 7 2023-12-04 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15326304









PW PROPERTY VENTURES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
PW PROPERTY VENTURES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PW PROPERTY VENTURES LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PW Property Ventures Limited for the period ended 31 December 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity 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 PW Property Ventures Limited in accordance with the terms of our engagement letter dated 20 December 2023Our work has been undertaken solely to prepare for your approval the financial statements of PW Property Ventures Limited and state those matters that we have agreed to state to the director of PW Property Ventures 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 PW Property Ventures Limited and its director for our work or for this report. 

It is your duty to ensure that PW Property Ventures 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 PW Property Ventures Limited. You consider that PW Property Ventures Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of PW Property Ventures 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.

  



MA Partners LLP
 
12 Church Street
Cromer
Norfolk
NR27 9ER
23 May 2025
Page 1

 
PW PROPERTY VENTURES LIMITED
REGISTERED NUMBER: 15326304

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Investment property
  
200,000

  
200,000

Current assets
  

Debtors: amounts falling due within one year
 5 
188

Cash at bank and in hand
 6 
2,430

  
2,618

Creditors: amounts falling due within one year
 7 
(145,236)

Net current (liabilities)/assets
  
 
 
(142,618)

Total assets less current liabilities
  
57,382

Provisions for liabilities
  

Deferred tax
  
(19,218)

  
 
 
(19,218)

Net assets
  
38,164


Capital and reserves
  

Called up share capital 
 9 
100

Investment property reserve
  
57,653

Profit and loss account
  
(19,589)

  
38,164


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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
Page 2

 
PW PROPERTY VENTURES LIMITED
REGISTERED NUMBER: 15326304
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

23 May 2025.




................................................
Mr N Perry-Warnes
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
PW PROPERTY VENTURES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Profit for the period

-
-
38,064
38,064

Fair value adjustments
-
-
(57,653)
(57,653)

Other movement type 1
-
57,653
-
57,653


Other comprehensive income for the period
-
57,653
(57,653)
-


Total comprehensive income for the period
-
57,653
(19,589)
38,064


Contributions by and distributions to owners

Shares issued during the period
100
-
-
100


Total transactions with owners
100
-
-
100


At 31 December 2024
100
57,653
(19,589)
38,164

The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
PW PROPERTY VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

The Company is a private Company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is Wrights Cottage, Aldborough, Norwich, Norfolk, NR11 7AA.  
The Company's principal activity is that of other letting and operating of own or leased real estate.

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 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.

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:

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.

Page 5

 
PW PROPERTY VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the period 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 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.


 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

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.

 
2.6

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. 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.

 
2.7

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.

Page 6

 
PW PROPERTY VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


     Period ended
     31 December
        2024
            No.






Director
1

Page 7

 
PW PROPERTY VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
123,129


Surplus on revaluation
76,871



At 31 December 2024
200,000

The 2024 valuations were made by the director of the company,, on an open market value for existing use basis.

2024
£

Revaluation reserves


Net deficit in movement properties
57,653

At 31 December 2024
57,653



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
117,195

Accumulated depreciation and impairments
(9,376)

107,819

Page 8

 
PW PROPERTY VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Debtors

2024
£


Prepayments and accrued income
188

188



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
2,430

2,430



7.


Creditors: Amounts falling due within one year

2024
£

Other creditors
144,036

Accruals and deferred income
1,200

145,236



8.


Deferred taxation



2024


£






Charged to profit or loss
(19,218)



At end of year
(19,218)

Page 9

 
PW PROPERTY VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
 
8.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
(19,218)

(19,218)

Following fair value movement on investment properties, deferred tax has been calculated on investment properties as per FRS102 Section 1A and on all tangible fixed assets to show a true and fair view of the financial statements.  The movement has been posted for the current year.


9.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary A shares shares of £1.00 each
100


The Company has issued 100 £1 Ordinary A shares in the year.


10.


Reserves

Investment property revaluation reserve

This is a fair value reserve and represents the cumulative value of revaluations of the Company's investment property to fair value. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided on these fair value adjustments at the standard rate of corporation tax applicable in the UK.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


11.


Related party transactions

At the year end the Company owed its director £144,037 in respect of an interest-free director's loan account. The loan is unsecured and is repayable on demand, and is shown within other creditors in note 6 of the financial statements.

 
Page 10