ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08917933 2022-04-01 2023-03-31 08917933 2021-04-01 2022-03-31 08917933 2023-03-31 08917933 2022-03-31 08917933 c:Director1 2022-04-01 2023-03-31 08917933 d:Goodwill 2022-04-01 2023-03-31 08917933 d:Goodwill 2023-03-31 08917933 d:Goodwill 2022-03-31 08917933 d:CurrentFinancialInstruments 2023-03-31 08917933 d:CurrentFinancialInstruments 2022-03-31 08917933 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08917933 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08917933 d:ShareCapital 2023-03-31 08917933 d:ShareCapital 2022-03-31 08917933 d:OtherMiscellaneousReserve 2023-03-31 08917933 d:OtherMiscellaneousReserve 2022-03-31 08917933 d:RetainedEarningsAccumulatedLosses 2023-03-31 08917933 d:RetainedEarningsAccumulatedLosses 2022-03-31 08917933 c:OrdinaryShareClass1 2022-04-01 2023-03-31 08917933 c:OrdinaryShareClass1 2023-03-31 08917933 c:OrdinaryShareClass1 2022-03-31 08917933 c:FRS102 2022-04-01 2023-03-31 08917933 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08917933 c:FullAccounts 2022-04-01 2023-03-31 08917933 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08917933 2 2022-04-01 2023-03-31 08917933 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08917933

PERTHI LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

PERTHI LIMITED

REGISTERED NUMBER: 08917933

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Intangible assets	4		101,656		135,541
Investments	5		195,560		212,303
			297,216		347,844
Current assets
Debtors: amounts falling due within one year	6	87,639		94,939
Cash at bank and in hand	7	10		8
		87,649		94,947
Creditors: amounts falling due within one year	8	(19,995)		(39,922)
Net current assets			67,654		55,025
Total assets less current liabilities			364,870		402,869

Net assets			364,870		402,869

Capital and reserves
Called up share capital	100	100
Other reserves	154,277	174,697
Profit and loss account	210,493	228,072
	364,870	402,869

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PERTHI LIMITED

REGISTERED NUMBER: 08917933

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

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 by:

Sion Wyn Jones

Director

Date: 19 December 2023

The notes on pages 3 to 6 form part of these financial statements.

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PERTHI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

PERTHI Limited, 08917933, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office address at Britannia House, Pentraeth Road, Menai Bridge, LL59 5RW.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

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.

2.3

Interest income

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

2.4

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.

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PERTHI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other 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.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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. 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.

2.9

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.

2.10

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, loans to related parties and investments in ordinary shares.

Page 4

PERTHI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.11

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 April 2022	135,541
	Disposals	(33,885)
	At 31 March 2023	101,656

	Net book value
	At 31 March 2023	101,656
	At 31 March 2022	135,541

5.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 April 2022	212,303
	Additions	(16,743)
	At 31 March 2023	195,560

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PERTHI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Debtors

					2023	2022
					£	£


Other debtors	87,639	94,939
	87,639	94,939

7.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	10	8
	10	8

8.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Other taxation and social security	19,025	39,034
Accruals and deferred income	970	888
	19,995	39,922

9.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

100 (2022 - 100) Ordinary shares of £1.00 each	100	100

10.	Transactions with directors

Included within other debtors due within one year, is a loan to the director of £66,686 (2022: £54,854). Interest has been charged on this loan at the official rate during the year.

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