Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 2 false 2024-07-01 false 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14961244 2024-07-01 2025-06-30 14961244 2023-06-26 2024-06-30 14961244 2025-06-30 14961244 2024-06-30 14961244 c:Director1 2024-07-01 2025-06-30 14961244 d:ComputerEquipment 2024-07-01 2025-06-30 14961244 d:ComputerEquipment 2025-06-30 14961244 d:ComputerEquipment 2024-06-30 14961244 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 14961244 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-07-01 2025-06-30 14961244 d:CopyrightsPatentsTrademarksServiceOperatingRights 2025-06-30 14961244 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 14961244 d:CurrentFinancialInstruments 2025-06-30 14961244 d:CurrentFinancialInstruments 2024-06-30 14961244 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 14961244 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14961244 d:ShareCapital 2024-07-01 2025-06-30 14961244 d:ShareCapital 2025-06-30 14961244 d:ShareCapital 2023-06-26 2024-06-30 14961244 d:ShareCapital 2024-06-30 14961244 d:RevaluationReserve 2024-07-01 2025-06-30 14961244 d:RevaluationReserve 2025-06-30 14961244 d:RevaluationReserve 2023-06-26 2024-06-30 14961244 d:RevaluationReserve 2024-06-30 14961244 d:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 14961244 d:RetainedEarningsAccumulatedLosses 2025-06-30 14961244 d:RetainedEarningsAccumulatedLosses 2023-06-26 2024-06-30 14961244 d:RetainedEarningsAccumulatedLosses 2024-06-30 14961244 d:AcceleratedTaxDepreciationDeferredTax 2025-06-30 14961244 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 14961244 d:TaxLossesCarry-forwardsDeferredTax 2025-06-30 14961244 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 14961244 d:RetirementBenefitObligationsDeferredTax 2025-06-30 14961244 d:RetirementBenefitObligationsDeferredTax 2024-06-30 14961244 c:OrdinaryShareClass1 2024-07-01 2025-06-30 14961244 c:OrdinaryShareClass1 2025-06-30 14961244 c:OrdinaryShareClass1 2024-06-30 14961244 c:FRS102 2024-07-01 2025-06-30 14961244 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 14961244 c:FullAccounts 2024-07-01 2025-06-30 14961244 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 14961244 2 2024-07-01 2025-06-30 14961244 6 2024-07-01 2025-06-30 14961244 e:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14961244 PTH STRATEGY LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
PTH STRATEGY LIMITED REGISTERED NUMBER: 14961244 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 27,335 |  | 16,655
Tangible assets | 5 |  | 2,149 |  | 2,519
Investments |  |  | 109,322 |  | -
|  |  | 138,806 |  | 19,174
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 190,639 |  | 453 |
Cash at bank and in hand |  | 33,692 |  | 330,216 |
|  | 224,331 |  | 330,669 |
Creditors: amounts falling due within one year | 8 | (309,371) |  | (333,486) |
Net current liabilities |  |  | (85,040) |  | (2,817)
Total assets less current liabilities |  |  | 53,766 |  | 16,357
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (3,893) |  | (630) |
|  |  | (3,893) |  | (630)
Net assets |  |  | 49,873 |  | 15,727
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 4 |  | 4
Revaluation reserve |  |  | 10,068 |  | -
Profit and loss account |  |  | 39,801 |  | 15,723
|  |  | 49,873 |  | 15,727
Page 1
PTH STRATEGY LIMITED REGISTERED NUMBER: 14961244 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 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 statement of comprehensive income 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 7 January 2026.
Matthew Cutlan
Director
The notes on pages 4 to 12 form part of these financial statements. Page 2
PTH STRATEGY LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
| Called up share capital | Revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £
Comprehensive income for the period |  |  |  |
Profit for the period | - | - | 53,223 | 53,223
Other comprehensive income for the period | - | - | - | -
Total comprehensive income for the period | - | - | 53,223 | 53,223
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | - | (37,500) | (37,500)
Shares issued during the period | 4 | - | - | 4
Total transactions with owners | 4 | - | (37,500) | (37,496)
At 1 July 2024 | 4 | - | 15,723 | 15,727
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 71,646 | 71,646
Other comprehensive income for the year | - | - | - | -
Total comprehensive income for the year | - | - | 71,646 | 71,646
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | - | (37,500) | (37,500)
Transfer to/from profit and loss account | - | 10,068 | (10,068) | -
Total transactions with owners | - | 10,068 | (47,568) | (37,500)
At 30 June 2025 | 4 | 10,068 | 39,801 | 49,873
| The notes on pages 4 to 12 form part of these financial statements.
Page 3
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
PTH Strategy Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The registered office is 7 Bell Yard, London, England, WC2A 2JR. The Company is not part of a group. 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 requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 | 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. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges. Page 4
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 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.
| 2.4 | Interest income
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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. Page 5
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.6 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Cryptocurrency under the revaluation model is stated at a revalued amount, being its fair value on the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses, provided that the fair value can be determined by reference to an active market.
| 2.7 | 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:
|  |  |  | Computer equipment | - | 3 years straight line
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 the Statement of Comprehensive Income.
| 2.8 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 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 | 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. Page 6
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.11 | 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 the Statement of Comprehensive Income.
| 2.12 | 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. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 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. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Page 7
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. 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. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Page 8
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
The average monthly number of employees, including directors, during the period was 2 (2024 - 2).
4. | Intangible assets
|  | Crypto Investments
|  | £
| Cost |
| At 1 July 2024 | 16,655
| Revaluation surplus | 10,680
| At 30 June 2025 | 27,335
| Net book value |
| At 30 June 2025 | 27,335
| At 30 June 2024 | 16,655
Page 9
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| At 1 July 2024 | 2,834
| Additions | 265
| At 30 June 2025 | 3,099
| Depreciation |
| At 1 July 2024 | 315
| Charge for the year on owned assets | 635
| At 30 June 2025 | 950
| Net book value |
| At 30 June 2025 | 2,149
| At 30 June 2024 | 2,519
6. | Fixed asset investments
|  | Listed investments
|  | £
| Cost or valuation |
| Additions | 105,732
| Revaluations | 3,590
| At 30 June 2025 | 109,322
Page 10
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 3,223 | -
| Other debtors | 139,756 | 160
| Prepayments and accrued income | 496 | 293
| Tax recoverable | 47,164 | -
|  | 190,639 | 453
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 64,825 | 14,368
| Other taxation and social security | 5,485 | -
| Other creditors | 415 | 2,190
| Accruals and deferred income | 238,646 | 316,928
|  | 309,371 | 333,486
9. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (630)
| Charged to profit or loss | (3,263)
| At end of year | (3,893)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (537) | (630)
| Unrealised gains on listed investments | (897) | -
| Unrealised gains on intangible assets | (2,459) | -
|  | (3,893) | (630)
Page 11
PTH STRATEGY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 400 (2024 - 400) Ordinary shares of £0.01 each | 4 | 4
11. | Related party transactions
| At the year end, the Company was owed an amount of £139,746 from M Cutlan, director of the company. An s455 tax provision has been made against this amount as it will not be repaid by 30 March 2026. Interest of £1,578 has been charged at the approved HMRC rates. The loan is repayable on demand.
Page 12