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REGISTERED NUMBER: 12249662 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Pt & Somers Holdings Ltd

Pt & Somers Holdings Ltd (Registered number: 12249662)

Contents of the Financial Statements
for the year ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pt & Somers Holdings Ltd

Company Information
for the year ended 31 December 2022







DIRECTORS: T Gardner
E A Kolodner
C M Spaeth
J L Frewin
T D Brooksbank





REGISTERED OFFICE: 81 Canfield Gardens
London
United Kingdom
NW6 3EA





REGISTERED NUMBER: 12249662 (England and Wales)





AUDITORS: Rusling & Co, Statutory Auditor
F6 The Bloc
Anlaby
East Yorkshire
HU10 6RJ

Pt & Somers Holdings Ltd (Registered number: 12249662)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,562,372 1,562,372

CURRENT ASSETS
Debtors 5 1 1

CREDITORS
Amounts falling due within one year 6 1,591,085 1,574,485
NET CURRENT LIABILITIES (1,591,084 ) (1,574,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,712

)

(12,112

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (28,713 ) (12,113 )
(28,712 ) (12,112 )

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 26 September 2023 and were signed on its behalf by:





T D Brooksbank - Director


Pt & Somers Holdings Ltd (Registered number: 12249662)

Notes to the Financial Statements
for the year ended 31 December 2022


1. STATUTORY INFORMATION

Pt & Somers Holdings Ltd 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
At the period end the company's liabilities exceeded it's assets by £28,712 (2021 - £12,112). Taking into account forecast cashflows over the next 12 months, and the continued support of major creditors, the directors are of the opinion that the company remains a going concern.

3. EMPLOYEES AND DIRECTORS

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

Pt & Somers Holdings Ltd (Registered number: 12249662)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 1,562,372
NET BOOK VALUE
At 31 December 2022 1,562,372
At 31 December 2021 1,562,372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 1,541,671 1,429,019
Other creditors 49,414 145,466
1,591,085 1,574,485

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Rusling FCA (Senior Statutory Auditor)
for and on behalf of Rusling & Co, Statutory Auditor

8. RELATED PARTY DISCLOSURES

At the period end the company owed companies under common control £970,099 and £571,572 (2021 - £857,447 and £571,572). The loans are non-interest bearing and there are no formal terms of repayment.