Company registration number 08308122 (England and Wales)
PGH (SOUTH WEST) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
PGH (SOUTH WEST) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PGH (SOUTH WEST) LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
2,200
2,100
Current assets
Debtors
4
1,938,314
1,094,883
Cash at bank and in hand
734,460
1,898,790
2,672,774
2,993,673
Creditors: amounts falling due within one year
5
(680,664)
(2,363,174)
Net current assets
1,992,110
630,499
Net assets
1,994,310
632,599
Capital and reserves
Called up share capital
600
600
Share premium account
1,600
1,600
Profit and loss reserves
1,992,110
630,399
Total equity
1,994,310
632,599

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 7 November 2023 and are signed on its behalf by:
Mrs K A Marshall
Director
Company registration number 08308122 (England and Wales)
PGH (SOUTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

PGH (South West) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.3
Equity instruments

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

PGH (SOUTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2022 - 0). All employees are employed by the subsidiary company, Park Group South West Limited.

3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
2,200
2,100
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 March 2022
2,100
Additions
100
At 28 February 2023
2,200
Carrying amount
At 28 February 2023
2,200
At 28 February 2022
2,100
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,765,251
1,018,655
Other debtors
173,063
76,228
1,938,314
1,094,883
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
200
100
Taxation and social security
401
3,374
Other creditors
680,063
2,359,700
680,664
2,363,174
PGH (SOUTH WEST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 4 -
6
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
One director
2.00
64,029
104,723
1,874
(75,821)
94,805
64,029
104,723
1,874
(75,821)
94,805

The aforementioned advances are unsecured and repayable on demand.

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