Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activity432024-01-01false46falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02876166 2024-01-01 2024-12-31 02876166 2023-01-01 2023-12-31 02876166 2024-12-31 02876166 2023-12-31 02876166 c:Director1 2024-01-01 2024-12-31 02876166 d:PlantMachinery 2024-01-01 2024-12-31 02876166 d:PlantMachinery 2024-12-31 02876166 d:PlantMachinery 2023-12-31 02876166 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02876166 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 02876166 d:OtherPropertyPlantEquipment 2024-12-31 02876166 d:OtherPropertyPlantEquipment 2023-12-31 02876166 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02876166 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02876166 d:CurrentFinancialInstruments 2024-12-31 02876166 d:CurrentFinancialInstruments 2023-12-31 02876166 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02876166 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02876166 d:ShareCapital 2024-12-31 02876166 d:ShareCapital 2023-12-31 02876166 d:RetainedEarningsAccumulatedLosses 2024-12-31 02876166 d:RetainedEarningsAccumulatedLosses 2023-12-31 02876166 c:FRS102 2024-01-01 2024-12-31 02876166 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02876166 c:FullAccounts 2024-01-01 2024-12-31 02876166 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02876166 d:WithinOneYear 2024-12-31 02876166 d:WithinOneYear 2023-12-31 02876166 d:BetweenOneFiveYears 2024-12-31 02876166 d:BetweenOneFiveYears 2023-12-31 02876166 2 2024-01-01 2024-12-31 02876166 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02876166









PERSPECTIVE PUBLISHING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PERSPECTIVE PUBLISHING LIMITED
REGISTERED NUMBER: 02876166

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
78,543
109,592

Investments
 5 
877,887
734,640

  
956,430
844,232

Current assets
  

Debtors: amounts falling due within one year
 6 
959,724
997,770

Current asset investments
 7 
2,000,000
1,400,000

Cash at bank and in hand
  
2,105,584
1,446,754

  
5,065,308
3,844,524

Creditors: amounts falling due within one year
 8 
(1,433,635)
(919,317)

Net current assets
  
 
 
3,631,673
 
 
2,925,207

Net assets
  
4,588,103
3,769,439


Capital and reserves
  

Called up share capital 
  
90
90

Profit and loss account
  
4,588,013
3,769,349

  
4,588,103
3,769,439


Page 1

 
PERSPECTIVE PUBLISHING LIMITED
REGISTERED NUMBER: 02876166
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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 15 July 2025.


J Woods
Director

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

Page 2

 
PERSPECTIVE PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Perspective Publishing Limited is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Second Floor, 5 Maidstone Buildings Mews, London, SE1 1GN.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
PERSPECTIVE PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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 the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
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

Taxation

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.


Page 4

 
PERSPECTIVE PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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, on the following annual basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% to 25% straight line
Leasehold improvements
-
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.

  
2.9

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period.

  
2.10

Debtors

Short term debtors are measured at transaction price, 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.

  
2.12

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income. 

Page 5

 
PERSPECTIVE PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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 46 (2023 - 43).


4.


Tangible fixed assets





Plant and machinery
Leasehold  Improvements
Total

£
£
£



Cost 


At 1 January 2024
92,462
82,730
175,192


Additions
8,111
-
8,111



At 31 December 2024

100,573
82,730
183,303



Depreciation


At 1 January 2024
40,159
25,441
65,600


Charge for the year on owned assets
22,614
16,546
39,160



At 31 December 2024

62,773
41,987
104,760



Net book value



At 31 December 2024
37,800
40,743
78,543



At 31 December 2023
52,303
57,289
109,592

Page 6

 
PERSPECTIVE PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Listed investments

£



Valuation


At 1 January 2024
734,640


Additions
30,011


Revaluations
113,236



At 31 December 2024
877,887





6.


Debtors

2024
2023
£
£


Trade debtors
885,102
810,461

Amounts owed by group undertakings
4,626
3,163

Other debtors
10,020
4,040

Prepayments
59,976
180,106

959,724
997,770



7.


Current asset investments

2024
2023
£
£

Current asset investments
2,000,000
1,400,000


Page 7

 
PERSPECTIVE PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
163,727
192,571

Amounts owed to group undertakings
673
673

Corporation tax
163,784
34,178

Other taxation and social security
178,460
92,962

Other creditors
12,947
11,502

Accruals and deferred income
914,044
587,431

1,433,635
919,317



9.


Pension commitments

The Company operates a defined contributions pension scheme. The pension cost charge represents contributions payable by the company amounting to £70,609 (2023 - £60,611). Contributions totalling £12,249 (2023 - £11,502) were payable at the balance sheet date.


10.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
18,766
-

Later than 1 year and not later than 5 years
4,691
-

23,457
-

 
Page 8