Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2025-05-27 1 true 2024-01-01 false true 1 The principal activity is continued to be that of investment management The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10595895 2024-01-01 2024-12-31 10595895 2023-01-01 2023-12-31 10595895 2024-12-31 10595895 2023-12-31 10595895 c:Director1 2024-01-01 2024-12-31 10595895 d:CurrentFinancialInstruments 2024-12-31 10595895 d:CurrentFinancialInstruments 2023-12-31 10595895 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10595895 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10595895 d:ShareCapital 2024-12-31 10595895 d:ShareCapital 2023-12-31 10595895 d:RetainedEarningsAccumulatedLosses 2024-12-31 10595895 d:RetainedEarningsAccumulatedLosses 2023-12-31 10595895 c:FRS102 2024-01-01 2024-12-31 10595895 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10595895 c:FullAccounts 2024-01-01 2024-12-31 10595895 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10595895 2 2024-01-01 2024-12-31 10595895 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 10595895 PENDLE COMMODITY INVESTMENTS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
PENDLE COMMODITY INVESTMENTS LIMITED CONTENTS
| Page
Balance Sheet | 1
Notes to the Financial Statements | 2 - 5
PENDLE COMMODITY INVESTMENTS LIMITED REGISTERED NUMBER: 10595895 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 204,624 |  | 70,426 |
Cash at bank and in hand | 6 | 63,381 |  | 59,771 |
|  | 268,005 |  | 130,197 |
Creditors: amounts falling due within one year | 7 | (1,755,298) |  | (1,532,966) |
Net current liabilities |  |  | (1,487,293) |  | (1,402,769)
Total assets less current liabilities |  |  | (1,487,293) |  | (1,402,769)
Net liabilities |  |  | (1,487,293) |  | (1,402,769)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | (1,487,294) |  | (1,402,770)
|  |  | (1,487,293) |  | (1,402,769)
The director considers 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 director acknowledges his 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 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 27 May 2025.
G A James
Director
The notes on pages 2 to 5 form part of these financial statements. Page 1
PENDLE COMMODITY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
The company is a private company limited by shares, and is incorporated in England and Wales. The address of its registered office is 80 Cannon Street, London EC4N 6HL. 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 | Going concern
The financial statements have been prepared on a going concern basis as the parent company has intended its intention to provide financial support to enable the company to continue in operation for a minimum of twelve months from the date of approval of these financial statements.
| 2.3 | 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. Page 2
PENDLE COMMODITY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | 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.
| 2.7 | 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.
| 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.
| 2.9 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Page 3
PENDLE COMMODITY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.10 | 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 directors, during the year was 1 (2023 - 1).
Page 4
PENDLE COMMODITY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Taxation
Factors that may affect future tax changes At the year end the company has £1,486,963 (2023: £1,402,439) of losses to carry forward against future profits.
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 194,416 | 59,576
| Called up share capital not paid | 1 | 1
| Prepayments and accrued income | 10,207 | 10,849
|  | 204,624 | 70,426
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 63,381 | 59,771
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 1,627,753 | 1,307,632
| Other taxation and social security | 1,119 | 1,188
| Other creditors | 117,033 | 113,768
| Accruals and deferred income | 9,393 | 110,378
|  | 1,755,298 | 1,532,966
8. | Related party transactions
| During the year, the director charged consultancy fees of £62,664 (2023: £111,411) and rent of £3,585 (2023: £598) to the company.
Page 5