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Registration number: 09204290

Peterhurst Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2022

 

Peterhurst Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Peterhurst Holdings Limited

Company Information

Director

Mr Mark Andrew Saggs

Registered office

Fawley House 2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Marlow Road
Bourne End
Bucks
SL8 5TD

 

Peterhurst Holdings Limited

(Registration number: 09204290)
Balance Sheet as at 30 September 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

3,417

2,724

Investments

5

330,777

263,277

 

334,194

266,001

Current assets

 

Debtors

6

10,713

45,855

Cash at bank and in hand

 

79,782

9,331

 

90,495

55,186

Creditors: Amounts falling due within one year

7

(128,573)

(142,662)

Net current liabilities

 

(38,078)

(87,476)

Total assets less current liabilities

 

296,116

178,525

Creditors: Amounts falling due after more than one year

7

(37,500)

(43,053)

Net assets

 

258,616

135,472

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

257,616

134,472

Shareholders' funds

 

258,616

135,472

For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 October 2023
 

 

Peterhurst Holdings Limited

(Registration number: 09204290)
Balance Sheet as at 30 September 2022

.........................................
Mr Mark Andrew Saggs
Director

 

Peterhurst Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House 2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
United Kingdom

The principal place of business is:
43 Knighton Way Lane
Denham
Buckinghamshire
UB9 4EQ

These financial statements were authorised for issue by the director on 2 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

 

Peterhurst Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Peterhurst Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Peterhurst Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2021 - 2).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2021

6,671

6,671

Additions

2,062

2,062

At 30 September 2022

8,733

8,733

Depreciation

At 1 October 2021

3,947

3,947

Charge for the year

1,369

1,369

At 30 September 2022

5,316

5,316

Carrying amount

At 30 September 2022

3,417

3,417

At 30 September 2021

2,724

2,724

 

Peterhurst Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

5

Investments

2022
£

2021
£

Investments in subsidiaries

32,127

32,127

Investments in associates

298,650

231,150

330,777

263,277

Subsidiaries

£

Cost or valuation

At 1 October 2021

32,127

Provision

Carrying amount

At 30 September 2022

32,127

At 30 September 2021

32,127

Associates

£

Cost

At 1 October 2021

231,150

Additions

67,500

At 30 September 2022

298,650

Provision

Carrying amount

At 30 September 2022

298,650

At 30 September 2021

231,150

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Peterhurst Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2022

2021

Subsidiary undertakings

Opal X Limited

Thames House
Bourne End Business Park
Cores End Road
Bourne End
Buckinghamshire
SL8 5AS

United Kingdom

Ordinary

50%

50%

Associates

Shoot The Moon Limited

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5AS

Ordinary

33.33%

33.33%

 

United Kingdom

     

Stirling Works Global Limited

89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

Ordinary

3%

0%

 

United Kingdom

     

Subsidiary undertakings

Opal X Limited

The principal activity of Opal X Limited is that of printing and other related services.

Associates

Shoot The Moon Limited

The principal activity of Shoot The Moon Limited is that of design and other related services.

 

Peterhurst Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

6

Debtors

Current

2022
£

2021
£

Trade debtors

3,580

16,472

Other debtors

7,133

29,383

 

10,713

45,855

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Bank loans and overdrafts

8

5,556

5,556

Trade creditors

 

71,267

64,667

Amounts owed to related parties

788

56,368

Taxation and social security

 

14,053

8,004

Other creditors

 

4,000

5,696

Corporation tax

 

32,909

2,371

 

128,573

142,662

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

37,500

43,053

 

Peterhurst Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

37,500

43,053

2022
£

2021
£

Current loans and borrowings

Bank borrowings

5,556

5,556