Company Registration No. 08727529 (England and Wales)
Pathlight Associates Limited
Unaudited accounts
for the year ended 31 March 2025
Pathlight Associates Limited
Unaudited accounts
Contents
Pathlight Associates Limited
Company Information
for the year ended 31 March 2025
Directors
Joel Osborne
Gareth Davies
Maria Symeon
John Higgins
Suzie Blackwell
Company Number
08727529 (England and Wales)
Registered Office
Landmark
Cupola House, 15 Alfred Place
London
England
WC1E 7EB
United Kingdom
Accountants
Florin Consulting Limited
Flat 1
29 Manchester Street
London
W1U 7LE
Pathlight Associates Limited
Statement of financial position
as at 31 March 2025
Tangible assets
22,750
35,636
Cash at bank and in hand
177,566
516,666
Creditors: amounts falling due within one year
(148,752)
(373,651)
Net current assets
312,141
402,600
Total assets less current liabilities
335,091
438,436
Provisions for liabilities
Deferred tax
(5,688)
(8,910)
Net assets
329,403
429,526
Called up share capital
5,000
5,000
Profit and loss account
324,403
424,526
Shareholders' funds
329,403
429,526
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by
John Higgins
Director
Company Registration No. 08727529
Pathlight Associates Limited
Notes to the Accounts
for the year ended 31 March 2025
Pathlight Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 08727529. The registered office is Landmark, Cupola House, 15 Alfred Place, London, England, WC1E 7EB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Pathlight Associates Limited
Notes to the Accounts
for the year ended 31 March 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
37,402
477
68,280
106,159
Additions
-
2,086
6,687
8,773
Disposals
-
-
(3,498)
(3,498)
At 31 March 2025
37,402
2,563
71,469
111,434
At 1 April 2024
18,702
477
51,344
70,523
Charge for the year
6,233
418
14,264
20,915
On disposals
-
-
(2,754)
(2,754)
At 31 March 2025
24,935
895
62,854
88,684
At 31 March 2025
12,467
1,668
8,615
22,750
At 31 March 2024
18,700
-
16,936
35,636
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Investments
Subsidiary undertakings
Valuation at 1 April 2024
200
Valuation at 31 March 2025
200
Amounts falling due within one year
Trade debtors
194,480
208,082
Accrued income and prepayments
19,140
10,837
Other debtors
54,057
40,666
Amounts falling due after more than one year
Pathlight Associates Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
47,974
129,123
Amounts owed to group undertakings and other participating interests
300
300
Taxes and social security
38,306
74,705
Other creditors
26,496
47,579
Allotted, called up and fully paid:
5,000 A Ordinary shares of £1 each
5,000
5,000
1,000 A Preference shares of £- each
-
-
1,000 E Preference shares of £- each
-
-
The company operates a defined contribution Workplace Pension scheme on an auto-enrolment basis.
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Transactions with related parties
The company maintains current accounts with the executive directors, John Higgins, Maria Symeon, Suzie Blackwell and Joel Osborne. These accounts are used to clear funds for company expenditure and are normally cleared on a quarterly basis and prior to the company year end. In general these accounts represent expenses due to the directors from the company. Any exceptional small balances due to the company after a quarter end are charged interest at the HMRC specified rate.
There were no balances due to the company at any time during the year or at the year end.
The ultimate controlling party of the company as at the balance sheet date and at the date of approval of these accounts was John Higgins.
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Average number of employees
During the year the average number of employees was 18 (2024: 17).