Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false9false2024-01-018truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13267396 2024-01-01 2024-12-31 13267396 2023-01-01 2023-12-31 13267396 2024-12-31 13267396 2023-12-31 13267396 c:Director1 2024-01-01 2024-12-31 13267396 c:Director2 2024-01-01 2024-12-31 13267396 c:Director3 2024-01-01 2024-12-31 13267396 c:Director4 2024-01-01 2024-12-31 13267396 c:Director5 2024-01-01 2024-12-31 13267396 c:RegisteredOffice 2024-01-01 2024-12-31 13267396 d:CurrentFinancialInstruments 2024-12-31 13267396 d:CurrentFinancialInstruments 2023-12-31 13267396 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13267396 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13267396 d:ShareCapital 2024-12-31 13267396 d:ShareCapital 2023-12-31 13267396 d:RetainedEarningsAccumulatedLosses 2024-12-31 13267396 d:RetainedEarningsAccumulatedLosses 2023-12-31 13267396 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13267396 c:OrdinaryShareClass1 2024-12-31 13267396 c:OrdinaryShareClass1 2023-12-31 13267396 c:FRS102 2024-01-01 2024-12-31 13267396 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13267396 c:FullAccounts 2024-01-01 2024-12-31 13267396 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13267396 2 2024-01-01 2024-12-31 13267396 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13267396










PIONEERING VENTURES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024
 
PIONEERING VENTURES LIMITED
 

COMPANY INFORMATION


Directors
G Crocker 
S Hoad 
R O'Boyle 
P Oliver 
T Reid 




Registered number
13267396



Registered office
3rd Floor 86 - 90 Paul Street

London

EC2A 4NE




Page 1
 
PIONEERING VENTURES LIMITED
REGISTERED NUMBER: 13267396

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
587,292
204,576

Cash at bank and in hand
  
101,470
163,293

  
688,762
367,869

Creditors: amounts falling due within one year
 5 
(621,048)
(302,297)

Net current assets
  
 
 
67,714
 
 
65,572

  

Net assets
  
67,714
65,572


Capital and reserves
  

Called up share capital 
 6 
10
10

Profit and loss account
  
67,704
65,562

  
67,714
65,572


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 income statement 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 Oliver
Director

Date: 16 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
PIONEERING VENTURES LIMITED
 

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

1.


General information

Pioneering Ventures Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The principal activity of the company for the reporting period was that of venture development.

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

 
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.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

 
2.6

Interest income

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

 
2.7

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.

Page 3
 
PIONEERING VENTURES LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Taxation

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.


 
2.9

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.

 
2.10

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.

 
2.11

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 8 (2023 - 9).

Page 4
 
PIONEERING VENTURES LIMITED
 

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

4.


Debtors

2024
2023
£
£


Trade debtors
80,976
17,751

Amounts owed by group undertakings
70,000
549

Other debtors
17,708
15,425

Prepayments and accrued income
418,608
170,851

587,292
204,576



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
21,360
9,427

Amounts owed to group undertakings
18,237
176,058

Corporation tax
1,952
8,573

Other taxation and social security
84,160
23,430

Accruals and deferred income
495,339
84,809

621,048
302,297



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £0.01 each
10
10



Page 5