IRIS Accounts Production v22.1.4.3 01091124 Board of Directors 1.4.21 31.3.22 31.3.22 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure010911242021-03-31010911242022-03-31010911242021-04-012022-03-31010911242020-03-31010911242020-04-012021-03-31010911242021-03-3101091124ns16:EnglandWales2021-04-012022-03-3101091124ns15:PoundSterling2021-04-012022-03-3101091124ns11:Director12021-04-012022-03-3101091124ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3101091124ns11:SmallEntities2021-04-012022-03-3101091124ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3101091124ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3101091124ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3101091124ns11:FullAccounts2021-04-012022-03-3101091124ns11:Director22021-04-012022-03-3101091124ns11:CompanySecretary12021-04-012022-03-3101091124ns11:RegisteredOffice2021-04-012022-03-3101091124ns6:CurrentFinancialInstruments2022-03-3101091124ns6:CurrentFinancialInstruments2021-03-3101091124ns6:ShareCapital2022-03-3101091124ns6:ShareCapital2021-03-3101091124ns6:CapitalRedemptionReserve2022-03-3101091124ns6:CapitalRedemptionReserve2021-03-3101091124ns6:RetainedEarningsAccumulatedLosses2022-03-3101091124ns6:RetainedEarningsAccumulatedLosses2021-03-3101091124ns6:FurnitureFittings2021-04-012022-03-3101091124ns6:FurnitureFittings2021-03-3101091124ns6:MotorVehicles2021-03-3101091124ns6:MotorVehicles2021-04-012022-03-3101091124ns6:FurnitureFittings2022-03-3101091124ns6:MotorVehicles2022-03-3101091124ns6:FurnitureFittings2021-03-3101091124ns6:MotorVehicles2021-03-3101091124ns6:CostValuation2021-03-3101091124ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3101091124ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31
REGISTERED NUMBER: 01091124 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022

FOR

PROPACK HOLDINGS LIMITED

PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPACK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: P J Fleming
E M Fleming





SECRETARY: E M Fleming





REGISTERED OFFICE: 10 Hill Wootton Road
Leek Wootton
Warwickshire
CV35 7QL





REGISTERED NUMBER: 01091124 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,089 17,452
Investments 5 18,020 18,020
Investment property 6 522,210 522,210
553,319 557,682

CURRENT ASSETS
Debtors 7 392,742 297,667
Cash at bank 39,051 31,857
431,793 329,524
CREDITORS
Amounts falling due within one year 8 30,020 28,198
NET CURRENT ASSETS 401,773 301,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,092

859,008

CAPITAL AND RESERVES
Called up share capital 930 930
Capital redemption reserve 70 70
Retained earnings 954,092 858,008
SHAREHOLDERS' FUNDS 955,092 859,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2022 and were signed on its behalf by:





P J Fleming - Director


PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Propack Holdings 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Propack Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
The company purchased the freeholds for two properties which it originally held leaseholds for. These assets have been stated at the directors valuation on the balance sheet date. The financial statements show a true and fair view.

Foreign currencies
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 an average rate of exchange for the year. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 59,512 24,281 83,793
DEPRECIATION
At 1 April 2021 59,512 6,829 66,341
Charge for year - 4,363 4,363
At 31 March 2022 59,512 11,192 70,704
NET BOOK VALUE
At 31 March 2022 - 13,089 13,089
At 31 March 2021 - 17,452 17,452

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2021
and 31 March 2022 18,020
NET BOOK VALUE
At 31 March 2022 18,020
At 31 March 2021 18,020

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 571,070
DEPRECIATION
At 1 April 2021
and 31 March 2022 48,860
NET BOOK VALUE
At 31 March 2022 522,210
At 31 March 2021 522,210

PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 392,742 297,667

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 269 263
Taxation and social security 924 625
Other creditors 28,827 27,310
30,020 28,198

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J Fleming by virtue of his beneficial shareholding.