Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-2822024-03-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12437827 2024-03-01 2025-02-28 12437827 2023-03-01 2024-02-29 12437827 2025-02-28 12437827 2024-02-29 12437827 c:Director2 2024-03-01 2025-02-28 12437827 d:PlantMachinery 2024-03-01 2025-02-28 12437827 d:PlantMachinery 2025-02-28 12437827 d:PlantMachinery 2024-02-29 12437827 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 12437827 d:MotorVehicles 2024-03-01 2025-02-28 12437827 d:MotorVehicles 2025-02-28 12437827 d:MotorVehicles 2024-02-29 12437827 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 12437827 d:FurnitureFittings 2024-03-01 2025-02-28 12437827 d:FurnitureFittings 2025-02-28 12437827 d:FurnitureFittings 2024-02-29 12437827 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 12437827 d:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 12437827 d:OtherPropertyPlantEquipment 2025-02-28 12437827 d:OtherPropertyPlantEquipment 2024-02-29 12437827 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 12437827 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 12437827 d:CurrentFinancialInstruments 2025-02-28 12437827 d:CurrentFinancialInstruments 2024-02-29 12437827 d:Non-currentFinancialInstruments 2025-02-28 12437827 d:Non-currentFinancialInstruments 2024-02-29 12437827 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 12437827 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12437827 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 12437827 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 12437827 d:ShareCapital 2025-02-28 12437827 d:ShareCapital 2024-02-29 12437827 d:RetainedEarningsAccumulatedLosses 2025-02-28 12437827 d:RetainedEarningsAccumulatedLosses 2024-02-29 12437827 c:OrdinaryShareClass1 2024-03-01 2025-02-28 12437827 c:OrdinaryShareClass1 2025-02-28 12437827 c:OrdinaryShareClass1 2024-02-29 12437827 c:EntityNoLongerTradingButTradedInPast 2024-03-01 2025-02-28 12437827 c:FRS102 2024-03-01 2025-02-28 12437827 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 12437827 c:FullAccounts 2024-03-01 2025-02-28 12437827 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 12437827 d:HirePurchaseContracts d:WithinOneYear 2025-02-28 12437827 d:HirePurchaseContracts d:WithinOneYear 2024-02-29 12437827 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-02-28 12437827 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-02-29 12437827 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12437827









PADDOCK PRESTIGE EVENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
PADDOCK PRESTIGE EVENTS LIMITED
REGISTERED NUMBER: 12437827

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
281,896
400,089

  
281,896
400,089

Current assets
  

Debtors: amounts falling due within one year
 5 
20,732
20,732

Cash at bank and in hand
  
-
4

  
20,732
20,736

Creditors: amounts falling due within one year
 6 
(812,595)
(733,073)

Net current liabilities
  
 
 
(791,863)
 
 
(712,337)

Total assets less current liabilities
  
(509,967)
(312,248)

Creditors: amounts falling due after more than one year
 7 
-
(69,626)

  

Net liabilities
  
(509,967)
(381,874)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(510,067)
(381,974)

  
(509,967)
(381,874)

Page 1

 
PADDOCK PRESTIGE EVENTS LIMITED
REGISTERED NUMBER: 12437827
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 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 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 14 July 2025.



M W Plowman
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PADDOCK PRESTIGE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

The company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 12437827. The company's registered office is Unit 22 Two Gates Trading Estate Watling Street, Two Gates, Tamworth, England, B77 5AE. 
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
PADDOCK PRESTIGE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.5

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:

Plant and machinery
-
33%
Motor vehicles
-
10%
Fixtures and fittings
-
33%
Other fixed assets
-
25%

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.

 
2.6

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.

 
2.7

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. 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.

 
2.8

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 4

 
PADDOCK PRESTIGE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Directors
2
2


4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 March 2024
2,130
366,118
17,783
320,000
706,031



At 28 February 2025

2,130
366,118
17,783
320,000
706,031



Depreciation


At 1 March 2024
2,130
122,133
15,012
166,667
305,942


Charge for the year on owned assets
-
36,613
1,580
80,000
118,193



At 28 February 2025

2,130
158,746
16,592
246,667
424,135



Net book value



At 28 February 2025
-
207,372
1,191
73,333
281,896



At 29 February 2024
-
243,985
2,771
153,333
400,089

Other fixed assets of £73,333 are secured by a hire purchase liability.
Page 5

 
PADDOCK PRESTIGE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Debtors

28 February
29 February
2025
2024
£
£


Other debtors
20,732
20,732

20,732
20,732



6.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Trade creditors
120
120

Obligations under finance lease and hire purchase contracts
69,626
63,209

Other creditors
742,849
669,744

812,595
733,073



7.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
-
69,626

-
69,626



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

28 February
29 February
2025
2024
£
£


Within one year
73,102
63,209

Between 1-5 years
-
69,626

73,102
132,835

Page 6

 
PADDOCK PRESTIGE EVENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7