Caseware UK (AP4) 2025.0.111 2025.0.111 2025-03-31 2025-03-31 2024-04-01 true false false No description of principal activity 0 0 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13674644 2024-04-01 2025-03-31 13674644 2023-04-01 2024-03-31 13674644 2025-03-31 13674644 2024-03-31 13674644 c:Director1 2024-04-01 2025-03-31 13674644 c:Director2 2024-04-01 2025-03-31 13674644 c:RegisteredOffice 2024-04-01 2025-03-31 13674644 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13674644 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13674644 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 13674644 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13674644 d:ShareCapital 2025-03-31 13674644 d:ShareCapital 2024-03-31 13674644 d:RetainedEarningsAccumulatedLosses 2025-03-31 13674644 d:RetainedEarningsAccumulatedLosses 2024-03-31 13674644 c:FRS102 2024-04-01 2025-03-31 13674644 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13674644 c:FullAccounts 2024-04-01 2025-03-31 13674644 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13674644 6 2024-04-01 2025-03-31 13674644 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 13674644 (England & Wales)
| PANTHEON TI LIMITED |
| DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Pages for Filing with Registrar |
PANTHEON TI LIMITED
CONTENTS
| Page
Company Information | 1
Balance Sheet | 2 - 3
Notes to the Financial Statements | 4 - 7
PANTHEON TI LIMITED
COMPANY INFORMATION
Directors | James Ritblat
| Joanna Ritblat
Registered number | 13674644
Registered office | Cannon Place
| 78 Cannon Street
| London
| EC4N 6AF
Accountants | Lewis Golden LLP
| 40 Queen Anne Street
| London
| W1G 9EL
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Registered number: 13674644 (England & Wales) PANTHEON TI LIMITED
BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 3 |  | 3,767,855 |  | 3,550,826
Current assets |  |  |  |  |
Current asset investments | 4 | 36,305 |  | - |
Cash at bank and in hand |  | 1,670 |  | 3,194 |
Creditors: amounts falling due within one year | 5 | (254,925) |  | (52,589) |
Net current liabilities |  |  | (216,950) |  | (49,395)
Total assets less current liabilities |  |  | 3,550,905 |  | 3,501,431
Creditors: amounts falling due after more than one year | 6 |  | (3,375,000) |  | (3,375,000)
Net assets |  |  | 175,905 |  | 126,431
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | 175,903 |  | 126,429
|  |  | 175,905 |  | 126,431
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the 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 prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the Directors' Report and Profit and Loss Account in accordance with provisions applicable to companies subject to the small companies' regime. - 2 -
Registered number: 13674644 (England & Wales) PANTHEON TI LIMITED
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
James Ritblat
Director
Date: 1 April 2026
The notes on pages 4 to 7 form part of these financial statements. - 3 -
PANTHEON TI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Pantheon TI Limited is a private company limited by share capital and incorporated in England & Wales, registered number 13674644. The address of the registered office is Cannon Place, 78 Cannon Street, London EC4N 6AF. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A - Small Entities of Financial Reporting Standard 102, the 'Financial Reporting Standard applicable in the UK and the Republic of Ireland' ('FRS 102') and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis. The shareholders have provided notice that they will support the operational needs of the company for a period of at least twelve months from the date of the approval of the financial statements, in order to allow the company to meet its liabilities as and when they fall due unless circumstances change is a manner such as would or might no longer be open to them to continue to provide such financial support.
| 2.3 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover relates to interest earned on loans to participating interests.
| 2.4 | Interest income
Interest income is recognised in the Profit and Loss Account using the effective interest method.
| 2.5 | Taxation
Tax is recognised in the Profit and Loss Account. 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.
| 2.6 | 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 Profit and Loss Account 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 the Profit and Loss Account for the period. - 4 -
PANTHEON TI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and deposits held at call with financial institutions, and other short-term 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.
| 2.8 | 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.
| 2.9 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
| 2.10 | 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 Profit and Loss Account. - 5 -
PANTHEON TI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | Fixed asset investments
|  | Listed investments | Shares in participating interests | Loans to participating interests | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | - | 1,687,598 | 1,863,228 | 3,550,826
| Additions | 148,000 | - | 76,372 | 224,372
| Revaluations | (7,343) | - | - | (7,343)
| At 31 March 2025 | 140,657 | 1,687,598 | 1,939,600 | 3,767,855
4. | Current asset investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other investments | 36,305 | -
| Other investments comprise of fixed income securities. The fair value of the assets are determined by the portfolio managers based on the current market activity, economic outlook, option pricing models and listed prices.
5. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,960 | 9,150
| Amounts owed to group undertakings and participating interests | 229,365 | 21,839
| Corporation tax | 18,600 | 18,000
| Other creditors | 4,000 | 3,600
|  | 254,925 | 52,589
6. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 3,375,000 | 3,375,000
| The balance is repayable in full in more than 5 years.
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PANTHEON TI LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Related party transactions
| At the balance sheet date, the amount owed to a shareholder was £3,560,780 (2024 - £3,375,000), of which £185,780 (2024 - £nil) is repayable on demand and £3,375,000 (2024 - £3,375,000) is repayable in more than one year. The balances are interest free. At the balance sheet date, the amount owed by a participating interest was £1,939,600 (2024 - £1,863,228). Interest is charged on this loan at 4% per annum and the balance is repayable in more than one year. At the balance sheet date, the amount owed to a participating interest was £43,585 (2024 - £21,839). This loan is interest free and is repayable on demand.
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