IRIS Accounts Production v23.3.0.418 01091124 Board of Directors 1.4.22 31.3.23 31.3.23 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010911242022-03-31010911242023-03-31010911242022-04-012023-03-31010911242021-03-31010911242021-04-012022-03-31010911242022-03-3101091124ns10:Originalns15:EnglandWales2022-04-012023-03-3101091124ns14:PoundSterlingns10:Original2022-04-012023-03-3101091124ns10:Originalns10:Director12022-04-012023-03-3101091124ns10:Original2022-04-012023-03-3101091124ns10:Original2023-03-3101091124ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3101091124ns10:Originalns10:SmallEntities2022-04-012023-03-3101091124ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3101091124ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101091124ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3101091124ns10:Originalns10:FullAccounts2022-04-012023-03-3101091124ns10:Originalns10:Director22022-04-012023-03-3101091124ns10:CompanySecretary1ns10:Original2022-04-012023-03-3101091124ns10:Originalns10:RegisteredOffice2022-04-012023-03-3101091124ns10:Original2022-03-3101091124ns10:Originalns5:CurrentFinancialInstruments2023-03-3101091124ns10:Originalns5:CurrentFinancialInstruments2022-03-3101091124ns5:ShareCapitalns10:Original2023-03-3101091124ns5:ShareCapitalns10:Original2022-03-3101091124ns10:Originalns5:CapitalRedemptionReserve2023-03-3101091124ns10:Originalns5:CapitalRedemptionReserve2022-03-3101091124ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3101091124ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3101091124ns10:Originalns5:FurnitureFittings2022-04-012023-03-3101091124ns10:Original2021-04-012022-03-3101091124ns10:Originalns5:FurnitureFittings2022-03-3101091124ns10:Originalns5:MotorVehicles2022-03-3101091124ns10:Original2022-03-3101091124ns10:Originalns5:MotorVehicles2022-04-012023-03-3101091124ns10:Originalns5:FurnitureFittings2023-03-3101091124ns10:Originalns5:MotorVehicles2023-03-3101091124ns10:Originalns5:FurnitureFittings2022-03-3101091124ns10:Originalns5:MotorVehicles2022-03-3101091124ns10:Originalns5:CostValuation2022-03-3101091124ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101091124ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 01091124 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PROPACK HOLDINGS LIMITED

PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPACK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,817 13,089
Investments 5 18,020 18,020
Investment property 6 704,774 522,210
732,611 553,319

CURRENT ASSETS
Debtors 7 337,117 392,742
Cash at bank 50,964 39,051
388,081 431,793
CREDITORS
Amounts falling due within one year 8 41,170 30,020
NET CURRENT ASSETS 346,911 401,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,079,522

955,092

CAPITAL AND RESERVES
Called up share capital 930 930
Capital redemption reserve 70 70
Retained earnings 1,078,522 954,092
SHAREHOLDERS' FUNDS 1,079,522 955,092

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 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 2023


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 2 (2022 - 3 ) .

PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 59,512 24,281 83,793
DEPRECIATION
At 1 April 2022 59,512 11,192 70,704
Charge for year - 3,272 3,272
At 31 March 2023 59,512 14,464 73,976
NET BOOK VALUE
At 31 March 2023 - 9,817 9,817
At 31 March 2022 - 13,089 13,089

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 18,020
NET BOOK VALUE
At 31 March 2023 18,020
At 31 March 2022 18,020

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 571,070
Additions 182,564
At 31 March 2023 753,634
DEPRECIATION
At 1 April 2022
and 31 March 2023 48,860
NET BOOK VALUE
At 31 March 2023 704,774
At 31 March 2022 522,210

PROPACK HOLDINGS LIMITED (REGISTERED NUMBER: 01091124)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 337,117 392,742

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 524 269
Taxation and social security 10,260 924
Other creditors 30,386 28,827
41,170 30,020

9. ULTIMATE CONTROLLING PARTY

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