Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false22024-01-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01454686 2024-01-01 2024-12-31 01454686 2023-01-01 2023-12-31 01454686 2024-12-31 01454686 2023-12-31 01454686 c:Director2 2024-01-01 2024-12-31 01454686 d:MotorVehicles 2024-01-01 2024-12-31 01454686 d:MotorVehicles 2024-12-31 01454686 d:MotorVehicles 2023-12-31 01454686 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01454686 d:FurnitureFittings 2024-12-31 01454686 d:FurnitureFittings 2023-12-31 01454686 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01454686 d:ComputerEquipment 2024-01-01 2024-12-31 01454686 d:ComputerEquipment 2024-12-31 01454686 d:ComputerEquipment 2023-12-31 01454686 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01454686 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01454686 d:FreeholdInvestmentProperty 2024-12-31 01454686 d:FreeholdInvestmentProperty 2023-12-31 01454686 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 01454686 d:CurrentFinancialInstruments 2024-12-31 01454686 d:CurrentFinancialInstruments 2023-12-31 01454686 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01454686 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01454686 d:ShareCapital 2024-12-31 01454686 d:ShareCapital 2023-12-31 01454686 d:OtherMiscellaneousReserve 2024-12-31 01454686 d:OtherMiscellaneousReserve 2023-12-31 01454686 d:RetainedEarningsAccumulatedLosses 2024-12-31 01454686 d:RetainedEarningsAccumulatedLosses 2023-12-31 01454686 c:FRS102 2024-01-01 2024-12-31 01454686 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01454686 c:FullAccounts 2024-01-01 2024-12-31 01454686 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01454686 2 2024-01-01 2024-12-31 01454686 6 2024-01-01 2024-12-31 01454686 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 01454686









PAIRHOME LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PAIRHOME LIMITED
REGISTERED NUMBER: 01454686

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,170
33,560

Investments
 5 
464,870
241,075

Investment property
 6 
300,000
178,677

  
790,040
453,312

Current assets
  

Stocks
 7 
64,318
64,318

Debtors: amounts falling due within one year
 8 
272,919
273,165

Cash at bank and in hand
 9 
378,904
500,917

  
716,141
838,400

Creditors: amounts falling due within one year
 10 
(138,587)
(56,081)

Net current assets
  
 
 
577,554
 
 
782,319

Total assets less current liabilities
  
1,367,594
1,235,631

Provisions for liabilities
  

Deferred tax
  
(30,331)
-

  
 
 
(30,331)
 
 
-

Net assets
  
1,337,263
1,235,631


Capital and reserves
  

Called up share capital 
  
2
2

Other reserves
  
90,992
-

Profit and loss account
  
1,246,269
1,235,629

  
1,337,263
1,235,631


Page 1

 
PAIRHOME LIMITED
REGISTERED NUMBER: 01454686
    
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 by: 




P Marshall
Director

Date: 21 July 2025

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

Page 2

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

1.


General information

Pairhome Limited is a private company limited by shares, incorporated in England and Wales (company registered number 01454686). Company's registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH and the principal place of business is 10 Park Grove, Knotty Green, Beaconsfield, HP9 2EN.

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

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

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.

Page 3

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

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% Reducing Balance
Computer equipment
-
25% Reducing Balance

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

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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 4

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

2.Accounting policies (continued)

 
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.

 
2.9

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.

 
2.10

Interest income

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

 
2.11

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.

Page 5

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

2.Accounting policies (continued)

 
2.12

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

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

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
55,990
2,534
439
58,963



At 31 December 2024

55,990
2,534
439
58,963



Depreciation


At 1 January 2024
22,746
2,534
123
25,403


Charge for the year on owned assets
8,311
-
79
8,390



At 31 December 2024

31,057
2,534
202
33,793



Net book value



At 31 December 2024
24,933
-
237
25,170



At 31 December 2023
33,244
-
316
33,560


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2024
241,075


Additions
223,795



At 31 December 2024
464,870




Page 7

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

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
178,677


Surplus on revaluation
121,323



At 31 December 2024
300,000

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





7.


Stocks

2024
2023
£
£

Closing stock
64,318
64,318

64,318
64,318



8.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
272,919
272,920

Other debtors
-
245

272,919
273,165



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
378,904
500,917

378,904
500,917


Page 8

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

10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
5,211
49,499

Other creditors
127,119
325

Accruals and deferred income
6,257
6,257

138,587
56,081


 
Page 9