Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-27false2024-04-01falseSurveyors.3840trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07676004 2024-04-01 2025-03-31 07676004 2023-04-01 2024-03-31 07676004 2025-03-31 07676004 2024-03-31 07676004 c:Director1 2024-04-01 2025-03-31 07676004 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 07676004 d:Buildings d:LongLeaseholdAssets 2025-03-31 07676004 d:Buildings d:LongLeaseholdAssets 2024-03-31 07676004 d:MotorVehicles 2024-04-01 2025-03-31 07676004 d:MotorVehicles 2025-03-31 07676004 d:MotorVehicles 2024-03-31 07676004 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07676004 d:FurnitureFittings 2024-04-01 2025-03-31 07676004 d:FurnitureFittings 2025-03-31 07676004 d:FurnitureFittings 2024-03-31 07676004 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07676004 d:ComputerEquipment 2024-04-01 2025-03-31 07676004 d:ComputerEquipment 2025-03-31 07676004 d:ComputerEquipment 2024-03-31 07676004 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07676004 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07676004 d:Goodwill 2025-03-31 07676004 d:Goodwill 2024-03-31 07676004 d:CurrentFinancialInstruments 2025-03-31 07676004 d:CurrentFinancialInstruments 2024-03-31 07676004 d:Non-currentFinancialInstruments 2025-03-31 07676004 d:Non-currentFinancialInstruments 2024-03-31 07676004 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07676004 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07676004 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 07676004 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07676004 d:ShareCapital 2025-03-31 07676004 d:ShareCapital 2024-03-31 07676004 d:RetainedEarningsAccumulatedLosses 2025-03-31 07676004 d:RetainedEarningsAccumulatedLosses 2024-03-31 07676004 c:FRS102 2024-04-01 2025-03-31 07676004 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07676004 c:FullAccounts 2024-04-01 2025-03-31 07676004 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07676004 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 07676004 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07676004 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 07676004









PENNYCUICK COLLINS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
PENNYCUICK COLLINS LIMITED
REGISTERED NUMBER: 07676004

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
27,598
51,761

  
27,598
51,761

Current assets
  

Debtors: amounts falling due within one year
 6 
385,028
682,998

Cash at bank and in hand
 7 
307,126
583,998

  
692,154
1,266,996

Creditors: amounts falling due within one year
 8 
(303,323)
(729,327)

Net current assets
  
 
 
388,831
 
 
537,669

Total assets less current liabilities
  
416,429
589,430

Creditors: amounts falling due after more than one year
 9 
(405,000)
(565,861)

Provisions for liabilities
  

Deferred tax
 10 
(12,940)
(12,940)

  
 
 
(12,940)
 
 
(12,940)

Net (liabilities)/assets
  
(1,511)
10,629


Capital and reserves
  

Called up share capital 
  
114
114

Profit and loss account
  
(1,625)
10,515

  
(1,511)
10,629


Page 1

 
PENNYCUICK COLLINS LIMITED
REGISTERED NUMBER: 07676004
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 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 27 May 2025.




................................................
C R Gillett
Director

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

Page 2

 
PENNYCUICK COLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Pennycuick Collins Limited is a company limited by shares, incorporated in England and Wales.
The principal activity of the company was that of property 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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the company has sufficient funding for the foreseeable future in the form of shareholder support.
The financial statements have therefore been prepared as a going concern on the basis that the company is expected to continue in operational existence for the foreseeable future.

 
2.3

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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
PENNYCUICK COLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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 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.


Page 4

 
PENNYCUICK COLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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 and reducing balance methods.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20% straight line.
Motor vehicles
-
33% straight line.
Fixtures and fittings
-
25% reducing balance.
Computer equipment
-
20% - 25% 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.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
PENNYCUICK COLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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 38 (2024 - 40).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
2,000,000



At 31 March 2025

2,000,000



Amortisation


At 1 April 2024
2,000,000



At 31 March 2025

2,000,000



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 6

 
PENNYCUICK COLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2024
40,113
10,789
112,295
477,819
641,016



At 31 March 2025

40,113
10,789
112,295
477,819
641,016



Depreciation


At 1 April 2024
40,113
10,789
112,295
426,058
589,255


Charge for the year on owned assets
-
-
-
24,163
24,163



At 31 March 2025

40,113
10,789
112,295
450,221
613,418



Net book value



At 31 March 2025
-
-
-
27,598
27,598



At 31 March 2024
-
-
-
51,761
51,761


6.


Debtors

2025
2024
£
£


Trade debtors
256,824
502,567

Other debtors
6,759
5,371

Prepayments and accrued income
121,445
175,060

385,028
682,998


Page 7

 
PENNYCUICK COLLINS 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
307,126
583,998

307,126
583,998



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
70,639
52,000

Corporation tax
-
36,807

Other taxation and social security
113,755
147,910

Other creditors
11,572
409,469

Accruals and deferred income
107,357
83,141

303,323
729,327



9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
405,000
565,861

405,000
565,861



10.


Deferred taxation




2025


£






At beginning of year
(12,940)



At end of year
(12,940)

Page 8

 
PENNYCUICK COLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(12,940)
(12,940)

(12,940)
(12,940)


11.


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. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £145,298 (2024: £89,614). Contributions totalling £10,017 (2024: £71,513) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9