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REGISTERED NUMBER: 05897559 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2021 TO 31 JANUARY 2023

FOR

PFF PACKAGING GROUP LIMITED

PFF PACKAGING GROUP LIMITED (REGISTERED NUMBER: 05897559)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2021 TO 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PFF PACKAGING GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2021 TO 31 JANUARY 2023







DIRECTORS: M A Bairstow
A R Bairstow
K S Robbins
R V Atkin
W J Mapstone
N H Bairstow





SECRETARY: M A Bairstow





REGISTERED OFFICE: Unit 3 Airedale Park
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 05897559 (England and Wales)





AUDITORS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

PFF PACKAGING GROUP LIMITED (REGISTERED NUMBER: 05897559)

BALANCE SHEET
31 JANUARY 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,852,131 29,099

CURRENT ASSETS
Debtors 5 155,950 325,917

CREDITORS
Amounts falling due within one year 6 2,757,983 354,918
NET CURRENT LIABILITIES (2,602,033 ) (29,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 250,098 98

CREDITORS
Amounts falling due after more than one
year

7

250,000

-
NET ASSETS 98 98

CAPITAL AND RESERVES
Called up share capital 158 158
Profit and loss account (60 ) (60 )
SHAREHOLDERS' FUNDS 98 98

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:




A R Bairstow - Director



M A Bairstow - Director


PFF PACKAGING GROUP LIMITED (REGISTERED NUMBER: 05897559)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2021 TO 31 JANUARY 2023

1. STATUTORY INFORMATION

PFF Packaging Group 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
The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 PFF Packaging Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, PFF Group Limited, Unit 3 Airedale Park, Royd Ings Avenue, Keighley, BD21 4BZ.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


PFF PACKAGING GROUP LIMITED (REGISTERED NUMBER: 05897559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2021 TO 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2021 - 5 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 August 2021 29,099
Additions 2,823,032
At 31 January 2023 2,852,131
NET BOOK VALUE
At 31 January 2023 2,852,131
At 31 July 2021 29,099

5. DEBTORS
2023 2021
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings - 323,728
Other debtors 2,189 2,189
2,189 325,917

PFF PACKAGING GROUP LIMITED (REGISTERED NUMBER: 05897559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2021 TO 31 JANUARY 2023

5. DEBTORS - continued
2023 2021
£    £   
Amounts falling due after more than one year:
Other debtors 153,761 -

Aggregate amounts 155,950 325,917

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Amounts owed to group undertakings 1,876,857 301
Amounts owed to related parties 381,126 354,617
Other creditors 500,000 -
2,757,983 354,918

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Other creditors 250,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2021
£    £   
Related party loan 381,126 354,617

The related party loan is secured on the assets of J&H Property Management Limited, a company that is under the control of Mr A Bairstow and Mrs M Bairstow plus a debenture over the group assets.

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

The Report of the Auditors was unqualified.

John Richard Hall (Senior Statutory Auditor)
for and on behalf of Walter Dawson & Son

10. CONTINGENT LIABILITIES

The companys' finance providers hold as security cross guarantee's against the borrowings of other group companies. As at 31 January 2023 this liability amounted to £6,328,968 (2021: £5,232,091).

PFF PACKAGING GROUP LIMITED (REGISTERED NUMBER: 05897559)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2021 TO 31 JANUARY 2023

11. RELATED PARTY DISCLOSURES

Mr A Bairstow and Mrs M Bairstow through their control over the majority of shares in the parent company, and together with their involvement in its day to day management, are deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is PFF Group Limited.