Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true02022-02-01falseNo description of principal activity33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12289287 2022-02-01 2023-01-31 12289287 2023-01-31 12289287 2021-02-01 2022-01-31 12289287 2022-01-31 12289287 c:Director4 2022-02-01 2023-01-31 12289287 c:Director4 2023-01-31 12289287 c:Director5 2022-02-01 2023-01-31 12289287 c:Director5 2023-01-31 12289287 c:RegisteredOffice 2022-02-01 2023-01-31 12289287 d:CurrentFinancialInstruments 2023-01-31 12289287 d:CurrentFinancialInstruments 2022-01-31 12289287 d:Non-currentFinancialInstruments 2023-01-31 12289287 d:Non-currentFinancialInstruments 2022-01-31 12289287 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12289287 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 12289287 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12289287 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 12289287 d:ShareCapital 2023-01-31 12289287 d:ShareCapital 2022-01-31 12289287 d:RetainedEarningsAccumulatedLosses 2023-01-31 12289287 d:RetainedEarningsAccumulatedLosses 2022-01-31 12289287 c:FRS102 2022-02-01 2023-01-31 12289287 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 12289287 c:FullAccounts 2022-02-01 2023-01-31 12289287 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 12289287 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Company registration number: 12289287







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023


PET MATE MIDCO LIMITED






































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PET MATE MIDCO LIMITED
 


 
COMPANY INFORMATION


Directors
P R Egan (appointed 15 November 2023)
J E Carr (appointed 8 December 2023)




Registered number
12289287



Registered office
Lyon Road

Hersham

Surrey

KT12 3PU




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


PET MATE MIDCO LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4


 


PET MATE MIDCO LIMITED
REGISTERED NUMBER:12289287



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
3,780,000
3,780,000

  
3,780,000
3,780,000

Current assets
  

Debtors: amounts falling due within one year
 5 
5,470,001
5,470,001

Cash at bank and in hand
  
54,965
50,000

  
5,524,966
5,520,001

Creditors: amounts falling due within one year
 6 
(2,750)
-

Net current assets
  
 
 
5,522,216
 
 
5,520,001

Total assets less current liabilities
  
9,302,216
9,300,001

Creditors: amounts falling due after more than one year
 7 
(11,913,240)
(10,964,622)

  

Net liabilities
  
(2,611,024)
(1,664,621)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(2,611,025)
(1,664,622)

  
(2,611,024)
(1,664,621)


Page 1

 


PET MATE MIDCO LIMITED
REGISTERED NUMBER:12289287


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P R Egan
Director

Date: 15 April 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 


PET MATE MIDCO LIMITED
 


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

1.


General information

Pet Mate Midco Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.  The principal place of business is the same 
as the registered office. The principal activity of the group is sales of pet accessories. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

Subsequent to the year end, the group successfully completed a refinancing process which will allow the business to continue trading for the foreseeable future.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Fixed asset investments





Trade investments

£





At 1 February 2022 and 31 January 2023
3,780,000




Page 3

 


PET MATE MIDCO LIMITED
 


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

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
5,470,001
5,470,001

5,470,001
5,470,001



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
2,750
-

2,750
-



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
11,835,490
10,886,872

Amounts owed to group undertakings
77,750
77,750

11,913,240
10,964,622



8.


Contingent liabilities

Contingent liabilities existed at 31 January 2023 and 31 January 2022 in respect of guarantees given by the company on behalf of a group company Pet Mate Finance Ltd to Shawbrook Bank Ltd. Shawbrook Bank Ltd has a first legal charge on the company's real property including its intellectual property. In addition there is an unscheduled mortgage debenture incorporating a fixed and floating charge over all present and future assets of the company.

 
Page 4