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REGISTERED NUMBER: 08391269 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2023

FOR

PG & CP WHITEHOUSE LIMITED

PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


PG & CP WHITEHOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







Director: C P Whitehouse





Secretary: Mrs N J Whitehouse





Registered office: Bradley Farm
Bradley Court Road
Mitcheldean
Gloucestershire
GL17 0DR





Registered number: 08391269 (England and Wales)

PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

BALANCE SHEET
31ST JANUARY 2023

31.1.23 31.1.22
Notes £ £ £ £
Fixed assets
Tangible assets 4 348,858 198,059
Investments 5 607,417 449,615
956,275 647,674

Current assets
Debtors 6 36,628 29,654
Cash at bank - 8,460
36,628 38,114
Creditors
Amounts falling due within one year 7 386,711 275,267
Net current liabilities (350,083 ) (237,153 )
Total assets less current liabilities 606,192 410,521

Creditors
Amounts falling due after more than one
year

8

(105,903

)

(76,975

)

Provisions for liabilities 10 (64,600 ) (20,100 )
Net assets 435,689 313,446

Capital and reserves
Called up share capital 11 100 100
Retained earnings 435,589 313,346
Shareholders' funds 435,689 313,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

BALANCE SHEET - continued
31ST JANUARY 2023


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th October 2023 and were signed by:





C P Whitehouse - Director


PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023


1. Statutory information

PG & CP Whitehouse 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.

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.

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
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.
Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Land & buildings2%
Plant & machinery20%

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, 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.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.




PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


2. Accounting policies - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Fixed asset investments
The company is a partner in PG & CP Whitehouse partnership.
The investment in PG & CP Whitehouse represents the company's capital account in the partnership.

3. Employees (including officers)

The average number of employees during the year was 10 (2022 - 18 ) .

PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


4. Tangible fixed assets
Land & Plant &
buildings machinery Totals
£ £ £
Cost
At 1st February 2022 100,543 372,516 473,059
Additions - 224,000 224,000
Disposals - (116,500 ) (116,500 )
At 31st January 2023 100,543 480,016 580,559
Depreciation
At 1st February 2022 8,044 266,956 275,000
Charge for year 2,011 71,190 73,201
Eliminated on disposal - (116,500 ) (116,500 )
At 31st January 2023 10,055 221,646 231,701
Net book value
At 31st January 2023 90,488 258,370 348,858
At 31st January 2022 92,499 105,560 198,059

The net book value of tangible fixed assets includes £ 213,570 (2022 - £ 105,560 ) in respect of assets held under hire purchase contracts.

5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
31.1.23 31.1.22
£ £
Brought forward 449,615 -
Capital movement 107,648 436,624
Profit share for year 50,154 12,991
607,417 449,615

The company is a partner in PG & CP Whitehouse.
The investment in PG & CP Whitehouse represents the company's capital account in the partnership.

PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


6. Debtors: amounts falling due within one year
31.1.23 31.1.22
£ £
Corporation tax 2,900 2,900
Accrued income 33,728 26,629
Prepayments - 125
36,628 29,654

7. Creditors: amounts falling due within one year
31.1.23 31.1.22
£ £
Bank loans & overdrafts 13,409 10,000
Hire purchase contracts (see note 9) 61,589 39,905
Trade creditors 28 -
Amounts owed to related parties 270,909 197,659
Corporation tax 6,300 -
Social security & other taxes 29,389 22,475
Other creditors 5,087 5,228
386,711 275,267

8. Creditors: amounts falling due after more than one year
31.1.23 31.1.22
£ £
Bank loans 24,167 34,167
Hire purchase contracts (see note 9) 81,736 42,808
105,903 76,975

9. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

31.1.23 31.1.22
£ £
Net obligations repayable:
Within one year 61,589 39,905
Between one and five years 81,736 42,808
143,325 82,713

PG & CP WHITEHOUSE LIMITED (REGISTERED NUMBER: 08391269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


10. Provisions for liabilities
31.1.23 31.1.22
£ £
Deferred tax 64,600 20,100

Deferred tax
£
Balance at 1st February 2022 20,100
Accelerated capital allowances 44,500
Balance at 31st January 2023 64,600

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £ £
100 Ordinary £1 100 100

The share capital of the company was reorganised after the year end.

12. Contingent liabilities

There were no contingent liabilities at 31st January 2023.

13. Related party transactions

The following transactions with related parties, on normal commercial terms, took place during the year.
Creditor
SalesLoansbalance
£   £   £   
Transactions with related parties530,26473,250270,909