Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3192024-01-01falseBusiness support11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12668261 2024-01-01 2024-12-31 12668261 2023-01-01 2023-12-31 12668261 2024-12-31 12668261 2023-12-31 12668261 2023-01-01 12668261 c:Director1 2024-01-01 2024-12-31 12668261 d:OfficeEquipment 2024-01-01 2024-12-31 12668261 d:OfficeEquipment 2024-12-31 12668261 d:OfficeEquipment 2023-12-31 12668261 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12668261 d:CurrentFinancialInstruments 2024-12-31 12668261 d:CurrentFinancialInstruments 2023-12-31 12668261 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12668261 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12668261 d:ShareCapital 2024-01-01 2024-12-31 12668261 d:ShareCapital 2024-12-31 12668261 d:ShareCapital 2023-01-01 2023-12-31 12668261 d:ShareCapital 2023-12-31 12668261 d:ShareCapital 2023-01-01 12668261 d:SharePremium 2024-01-01 2024-12-31 12668261 d:SharePremium 2024-12-31 12668261 d:SharePremium 2023-01-01 2023-12-31 12668261 d:SharePremium 2023-12-31 12668261 d:SharePremium 2023-01-01 12668261 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12668261 d:RetainedEarningsAccumulatedLosses 2024-12-31 12668261 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12668261 d:RetainedEarningsAccumulatedLosses 2023-12-31 12668261 d:RetainedEarningsAccumulatedLosses 2023-01-01 12668261 c:FRS102 2024-01-01 2024-12-31 12668261 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12668261 c:FullAccounts 2024-01-01 2024-12-31 12668261 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12668261 2 2024-01-01 2024-12-31 12668261 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 12668261









THE PROFESSIONAL ALTERNATIVE GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
REGISTERED NUMBER: 12668261

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
298
1,254

  
298
1,254

Current assets
  

Debtors: amounts falling due within one year
 5 
13,740
12,167

Cash at bank and in hand
 6 
110,226
127,580

  
123,966
139,747

Creditors: amounts falling due within one year
 7 
(302,898)
(172,669)

Net current liabilities
  
 
 
(178,932)
 
 
(32,922)

Total assets less current liabilities
  
(178,634)
(31,668)

  

Net liabilities
  
(178,634)
(31,668)


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
1,100,909
1,100,909

Profit and loss account
  
(1,279,547)
(1,132,581)

  
(178,634)
(31,668)


Page 1

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
REGISTERED NUMBER: 12668261
    
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 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 profit and loss account 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 20 August 2025.




Derek John Southall
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 January 2024
4
1,100,909
(1,132,581)
(31,668)


Comprehensive income for the year

Loss for the year
-
-
(146,966)
(146,966)
Total comprehensive income for the year
-
-
(146,966)
(146,966)


At 31 December 2024
4
1,100,909
(1,279,547)
(178,634)


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 January 2023
4
831,509
(872,002)
(40,489)


Comprehensive income for the year

Loss for the year
-
-
(260,579)
(260,579)
Total comprehensive income for the year
-
-
(260,579)
(260,579)


Contributions by owners

Shares issued during the year
-
269,400
-
269,400


Total transactions with owners
-
269,400
-
269,400


At 31 December 2023
4
1,100,909
(1,132,581)
(31,668)


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Professional Alternative Group Limited is a private company incorporated in England. 
The company’s registered office is 35 Basepoint Business Centre, Aviation Park West, Christchurch BN23 6NX.
These financial statements are presented in £ Sterling which is the functional currency of the company.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 5

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Interest income

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

 
2.4

Borrowing costs

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

 
2.5

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.

 
2.6

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%

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.

 
2.7

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 6

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.


3.


Employees

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


        2024
        2023
            No.
            No.







9
11

Page 7

 
THE PROFESSIONAL ALTERNATIVE GROUP 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
3,825



At 31 December 2024

3,825



Depreciation


At 1 January 2024
2,571


Charge for the year on owned assets
956



At 31 December 2024

3,527



Net book value



At 31 December 2024
298



At 31 December 2023
1,254


5.


Debtors

2024
2023
£
£


Trade debtors
7,148
12,167

Prepayments and accrued income
6,592
-

13,740
12,167



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
110,226
127,580

110,226
127,580


Page 8

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Investor loans
145,339
127,237

Trade creditors
29,739
23,330

Share capital - payments in advance
105,000
-

Other taxation and social security
11,218
16,391

Other creditors
11,602
5,711

302,898
172,669


 
Page 9