Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsefalse2024-01-01No description of principal activity34truetrue 02915643 2024-01-01 2024-12-31 02915643 2023-01-01 2023-12-31 02915643 2024-12-31 02915643 2023-12-31 02915643 c:Director2 2024-01-01 2024-12-31 02915643 c:Director4 2024-01-01 2024-12-31 02915643 c:Director4 2024-12-31 02915643 c:Director6 2024-01-01 2024-12-31 02915643 c:Director7 2024-01-01 2024-12-31 02915643 c:Director7 2024-12-31 02915643 c:Director8 2024-01-01 2024-12-31 02915643 c:Director8 2024-12-31 02915643 c:RegisteredOffice 2024-01-01 2024-12-31 02915643 d:FreeholdInvestmentProperty 2024-12-31 02915643 d:FreeholdInvestmentProperty 2023-12-31 02915643 d:CurrentFinancialInstruments 2024-12-31 02915643 d:CurrentFinancialInstruments 2023-12-31 02915643 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02915643 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02915643 d:ShareCapital 2024-12-31 02915643 d:ShareCapital 2023-12-31 02915643 d:RevaluationReserve 2024-12-31 02915643 d:RevaluationReserve 2023-12-31 02915643 d:RetainedEarningsAccumulatedLosses 2024-12-31 02915643 d:RetainedEarningsAccumulatedLosses 2023-12-31 02915643 c:FRS102 2024-01-01 2024-12-31 02915643 c:Audited 2024-01-01 2024-12-31 02915643 c:FullAccounts 2024-01-01 2024-12-31 02915643 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02915643 d:WithinOneYear 2024-12-31 02915643 d:WithinOneYear 2023-12-31 02915643 d:BetweenOneFiveYears 2024-12-31 02915643 d:BetweenOneFiveYears 2023-12-31 02915643 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02915643 5 2024-01-01 2024-12-31 02915643 6 2024-01-01 2024-12-31 02915643 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 02915643







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


THE PIMLICO PLUMBERS GROUP LIMITED






































img5322.png                        

 


THE PIMLICO PLUMBERS GROUP LIMITED
 


 
COMPANY INFORMATION


Directors
G C Brown 
J G Shell (resigned 9 December 2024)
P J Carr 
M Davis (appointed 9 December 2024)
H Robertson (appointed 9 December 2024)




Registered number
02915643



Registered office
Neighbourly Training Centre
Building 4 Brackley Campus

Buckingham Road

Brackley

Northamptonshire

NN13 7EL




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


THE PIMLICO PLUMBERS GROUP LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 6


 


THE PIMLICO PLUMBERS GROUP LIMITED
REGISTERED NUMBER:02915643



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
  
2
2

Investment property
 4 
8,075,000
8,075,000

  
8,075,002
8,075,002

Current assets
  

Cash at bank and in hand
  
129
606

  
129
606

Creditors: amounts falling due within one year
 5 
(522,372)
(907,784)

Net current liabilities
  
 
 
(522,243)
 
 
(907,178)

Total assets less current liabilities
  
7,552,759
7,167,824

Provisions for liabilities
  

Deferred tax
  
(724,398)
(723,900)

  
 
 
(724,398)
 
 
(723,900)

Net assets
  
6,828,361
6,443,924


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Revaluation reserve
  
3,156,469
3,156,469

Profit and loss account
  
3,621,892
3,237,455

  
6,828,361
6,443,924


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: 


H Robertson
Director

Date: 28 July 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


THE PIMLICO PLUMBERS GROUP LIMITED
 


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

1.


General information

The Pimlico Plumbers Group Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
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.

Page 2

 


THE PIMLICO PLUMBERS GROUP LIMITED
 


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

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 reporting date.


 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 


THE PIMLICO PLUMBERS GROUP 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

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 4

 


THE PIMLICO PLUMBERS GROUP LIMITED
 


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

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
8,075,000



At 31 December 2024
8,075,000

Operating lease of investment property
The company rents out its investment property under a non cancellable operating lease. Future minimum lease payments receivable under this lease are: £513,000 (2023: £513,000) not later than one year; £1,539,000 (2023: £2,052,000) later than one year but not later than five years.

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,698,855
1,698,855

Accumulated depreciation and impairments
(747,796)
(713,519)

951,059
985,336


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
330,015
868,719

Corporation tax
127,647
-

Other taxation and social security
45,711
20,066

Accruals and deferred income
18,999
18,999

522,372
907,784


Page 5

 


THE PIMLICO PLUMBERS GROUP LIMITED
 


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

6.


Commitments receivable under operating leases (lessor)

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

2024
2023
£
£


Not later than 1 year
513,000
513,000

Later than 1 year and not later than 5 years
1,068,750
1,581,750

1,581,750
2,094,750


7.


Controlling party

The immediate parent company is Sail Street Holdings Limited. The ultimate parent company is Nest GP LLC, a company incorporated in the USA.
The largest group in which the results of the company are consolidated is that headed by Nest Holdings LP. The smallest group in which they are consolidated is that headed by Neighborly Company.
The registered office of both parents of the largest and smallest group, and the address from which the consolidated accounts can be obtained is 1010 N University Parks Dr., Waco, TX 76707. USA


8.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 29 July 2025 by Andrew Galliers FCA (Senior Statutory Auditor) (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 6