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Company No: 10687014 (England and Wales)

PD & CL HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

PD & CL HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

PD & CL HOLDINGS LTD

BALANCE SHEET

As at 31 July 2023
PD & CL HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 July 2023
Note 31.07.2023 31.07.2022
£ £
Fixed assets
Investments 3 3,000 3,000
3,000 3,000
Creditors: amounts falling due within one year 4 ( 1,000) ( 1,000)
Net current liabilities (1,000) (1,000)
Total assets less current liabilities 2,000 2,000
Net assets 2,000 2,000
Capital and reserves
Called-up share capital 2,000 2,000
Total shareholders' funds 2,000 2,000

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of PD & CL Holdings Ltd (registered number: 10687014) were approved and authorised for issue by the Director on 07 December 2023. They were signed on its behalf by:

P D Dance
Director
S A Dance
Director
PD & CL HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
PD & CL HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

PD & CL Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3, Belvedere Court, 10 Beaufighter Road, Weston-Super-Mare, BS24 8EE, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Year ended
31.07.2023
Period from
01.03.2021 to
31.07.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Fixed asset investments

31.07.2023 31.07.2022
£ £
Subsidiary undertakings 3,000 3,000

4. Creditors: amounts falling due within one year

31.07.2023 31.07.2022
£ £
Amounts owed to Group undertakings 1,000 1,000