Caseware UK (AP4) 2024.0.164 2024.0.164 0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseNo description of principal activity0truetruefalse 09340350 2024-12-31 09340350 c:Director1 2024-01-01 2024-12-31 09340350 2024-01-01 2024-12-31 09340350 2023-01-01 2023-12-31 09340350 2023-12-31 09340350 2024-01-01 09340350 d:OfficeEquipment 2024-01-01 2024-12-31 09340350 d:OfficeEquipment 2024-12-31 09340350 d:OfficeEquipment 2023-12-31 09340350 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09340350 d:CurrentFinancialInstruments 2024-12-31 09340350 d:CurrentFinancialInstruments 2023-12-31 09340350 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09340350 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09340350 d:ShareCapital 2024-12-31 09340350 d:ShareCapital 2023-12-31 09340350 d:RetainedEarningsAccumulatedLosses 2024-12-31 09340350 d:RetainedEarningsAccumulatedLosses 2023-12-31 09340350 c:FRS102 2024-01-01 2024-12-31 09340350 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09340350 c:FullAccounts 2024-01-01 2024-12-31 09340350 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09340350 2 2024-01-01 2024-12-31 09340350 6 2024-01-01 2024-12-31 09340350 3 2024-12-31 09340350 3 2023-12-31 09340350 f:PoundSterling 2024-01-01 2024-12-31 09340350 c:Director1 2024-12-31 09340350 c:Director1 2023-01-01 iso4217:GBP xbrli:pure
Company registration number: 09340350











P CLARK ASSOCIATES LIMITED
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 December 2024

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
P CLARK ASSOCIATES LIMITED
Registered number:09340350

Statement of Financial Position
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
287
388

  
287
388

Current assets
  

Debtors: amounts falling due within one year
 6 
64
678

Cash at bank and in hand
  
1,833
6,204

  
1,897
6,882

Creditors: amounts falling due within one year
 7 
(18,175)
(17,244)

Net current liabilities
  
 
 
(16,278)
 
 
(10,362)

Total assets less current liabilities
  
(15,991)
(9,974)

  

Net liabilities
  
(15,991)
(9,974)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(16,091)
(10,074)

  
(15,991)
(9,974)


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 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 by: 




Page 1

 
P CLARK ASSOCIATES LIMITED
Registered number:09340350
    
Statement of Financial Position (continued)
As at 31 December 2024

___________________________
Mr P Clark
Director
Date: 7 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
P CLARK ASSOCIATES LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Grange Road, Caterham, Surrey, CR3 6SH, United Kingdom.

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

Interest income

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

 
2.3

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:

Office equipment
-
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.

 
2.4

Valuation of investments

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.

 
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.

Page 3

 
P CLARK ASSOCIATES LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
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.

 
2.8

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

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities
Page 4

 
P CLARK ASSOCIATES LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)


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.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 5

 
P CLARK ASSOCIATES LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
1,219



At 31 December 2024

1,219



Depreciation


At 1 January 2024
831


Charge for the year on owned assets
101



At 31 December 2024

932



Net book value



At 31 December 2024
287



At 31 December 2023
388

Page 6

 
P CLARK ASSOCIATES LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2024

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2024
18,275



At 31 December 2024

18,275



Impairment


At 1 January 2024
18,275



At 31 December 2024

18,275



Net book value



At 31 December 2024
-



At 31 December 2023
-


6.


Debtors

2024
2023
£
£


Other debtors
64
678

64
678



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
16,556
15,706

Accruals and deferred income
1,619
1,538

18,175
17,244



8.
Director's advances, credits and guarantees

Page 7

 
P CLARK ASSOCIATES LIMITED
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2024

2024

Balance brought forward 
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

Mr P Clark
(15,706)
(880)
-
(16,556)

2023

Balance brought forward 
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

Mr P Clark
(11,824)
(3,032)
-
(15,706)

 
Page 8