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REGISTERED NUMBER: NI680748 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

P.F. HOWELL (HOLDINGS) LIMITED

P.F. HOWELL (HOLDINGS) LIMITED (REGISTERED NUMBER: NI680748)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.F. HOWELL (HOLDINGS) LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Anna Caroline Carson
Lynn Howell
Paul Howell
William Paul Howell





SECRETARY: Anna Caroline Carson





REGISTERED OFFICE: 8 Balloo Crescent
Bangor
Co. Down
BT19 7WP





REGISTERED NUMBER: NI680748 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

P.F. HOWELL (HOLDINGS) LIMITED (REGISTERED NUMBER: NI680748)

Balance Sheet
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 975,000 -
Investments 5 336,020 1,020
Investment property 6 1,200,000 1,200,000
2,511,020 1,201,020

CURRENT ASSETS
Debtors 7 9,996 -
Cash at bank 420,883 600,040
430,879 600,040
CREDITORS
Amounts falling due within one year 8 26,738 104,000
NET CURRENT ASSETS 404,141 496,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,915,161

1,697,060

PROVISIONS FOR LIABILITIES 9 77,375 35,388
NET ASSETS 2,837,786 1,661,672

CAPITAL AND RESERVES
Called up share capital 1,020 1,020
Retained earnings 2,836,766 1,660,652
2,837,786 1,661,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

P.F. HOWELL (HOLDINGS) LIMITED (REGISTERED NUMBER: NI680748)

Balance Sheet - continued
31 JULY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:





Paul Howell - Director


P.F. HOWELL (HOLDINGS) LIMITED (REGISTERED NUMBER: NI680748)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

P.F. Howell (Holdings) Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Rents received and receivable net of VAT.

Tangible fixed assets
Freehold property is being depreciated at 2.5% on cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

P.F. HOWELL (HOLDINGS) LIMITED (REGISTERED NUMBER: NI680748)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
Additions 1,000,000
At 31 July 2023 1,000,000
DEPRECIATION
Charge for year 25,000
At 31 July 2023 25,000
NET BOOK VALUE
At 31 July 2023 975,000

On 27 July 2023 freehold property was transferred at it's market value of £1,000,000 from the company's trading subsidiary, P.F.Howell Limited, this being the property from which it carries on its trade.

5. FIXED ASSET INVESTMENTS
Investment
in Other
subsidiary investments Totals
£    £    £   
COST
At 1 August 2022 1,020 - 1,020
Additions - 335,000 335,000
At 31 July 2023 1,020 335,000 336,020
NET BOOK VALUE
At 31 July 2023 1,020 335,000 336,020
At 31 July 2022 1,020 - 1,020

On 9 July 2021 the company completed a share for share exchange with P.F. Howell Limited.

On 31 July 2023 other investments were transferred at their market value of £335,000 from the company's trading subsidiary, P.F.Howell Limited.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,200,000
NET BOOK VALUE
At 31 July 2023 1,200,000
At 31 July 2022 1,200,000

P.F. HOWELL (HOLDINGS) LIMITED (REGISTERED NUMBER: NI680748)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


6. INVESTMENT PROPERTY - continued

On 29 July 2022 an investment property was transferred from the company's subsidiary, P.F. Howell Limited, at it's market value of £1,200,000.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 9,996 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Tax 21,406 -
VAT 3,832 -
Rental deposits 1,500 -
Owing to subsidiary - 104,000
26,738 104,000

9. PROVISIONS FOR LIABILITIES
31/7/23 31/7/22
£    £   
Deferred tax 77,375 35,388

Deferred
tax
£   
Balance at 1 August 2022 35,388
Provided during year 41,987
Balance at 31 July 2023 77,375