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REGISTERED NUMBER: 08872102 (England and Wales)





























Audited Financial Statements for the Year Ended 30 June 2023

for

PPL UK Holdings Limited

Previously known as
PCG UK Holdings Ltd

PPL UK Holdings Limited (Registered number: 08872102)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PPL UK Holdings Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr D G Bowes
Mrs C Hewitt
Mr L T H Jones





REGISTERED OFFICE: 1 Smithy Court
Smithy Brook Road
Wigan
WN3 6PS





REGISTERED NUMBER: 08872102 (England and Wales)





AUDITORS: DonnellyBentley Limited
Chartered Accountants
Statutory Auditor
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

PPL UK Holdings Limited (Registered number: 08872102)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 2,843,265 2,964,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,843,265

2,964,000

CAPITAL AND RESERVES
Called up share capital 5 1 1
Contributed capital 6 - 10,896,611
Retained earnings 6 2,843,264 (7,932,612 )
SHAREHOLDERS' FUNDS 2,843,265 2,964,000

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 30 August 2023 and were signed on its behalf by:





Mr D G Bowes - Director


PPL UK Holdings Limited (Registered number: 08872102)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

PPL UK 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.

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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at fair value.

Trade and other receivables
Trade and other receivables are recognised initially at fair value. Subsequent to initial recognition, they are measured at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances in hand and at bank.

Trade and other payables

Trade and other payables on normal terms are stated at their nominal value.

Taxation
Taxation for the year 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.

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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the profit and loss account.

PPL UK Holdings Limited (Registered number: 08872102)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Going concern
No material uncertainties, that cast significant doubt about the ability of the company to continue in operational existence for the foreseeable future, have been identified by the directors.
Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 July 2022 2,964,000
Exchange differences (120,735 )
At 30 June 2023 2,843,265
NET BOOK VALUE
At 30 June 2023 2,843,265
At 30 June 2022 2,964,000

Cost or valuation at 30 June 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2022 (2,125,582 )
Valuation in 2023 (120,735 )
Cost 5,089,582
2,843,265

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

PPL UK Holdings Limited (Registered number: 08872102)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. RESERVES
Retained Contributed
earnings capital Totals
£    £    £   

At 1 July 2022 (7,932,612 ) 10,896,611 2,963,999
Deficit for the year (120,735 ) (120,735 )
Bonus share issue - (10,896,611 ) (10,896,611 )
Cancellation of shares 10,896,611 - 10,896,611
At 30 June 2023 2,843,264 - 2,843,264

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

The Report of the Auditors was unqualified.

Mr Michael Turner (Senior Statutory Auditor)
for and on behalf of DonnellyBentley Limited

8. POST BALANCE SHEET EVENTS

On the 2nd August 2023, PCG UK Holdings LLC completed a sale of PCG UK Holdings Limited and it's subsidiary, Public Consulting Group UK Ltd to Elzane Holdings Limited.

Prior to the sale of the company, a significant dividend amount was received from Public Consulting Group UK Ltd, as a result of a sale of its computer software and a significant dividend was then paid to the Ultimate Parent Company.

There have been no adjustments made within the accounts for the year-ended 30th June 2023, as a consequence of these transactions, as none are deemed necessary.

9. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

As at 30 June 2023, the Company's immediate parent company is PCG UK Holdings LLC, a company incorporated in the United States of America. The ultimate parent company is Public Consulting Group Holdings, Inc., a company incorporated in the United States of America. In the opinion of the Directors the ultimate controlling party is William Mosakowski.

The registered office and that of its principal place of business is 1 Smithy Court, Smithy Brook Road, Wigan, WN3 6PS, England.