Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01truefalseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12293065 2022-02-01 2023-01-31 12293065 2023-01-31 12293065 2021-02-01 2022-01-31 12293065 2022-01-31 12293065 1 2022-02-01 2023-01-31 12293065 d:Director4 2022-02-01 2023-01-31 12293065 d:Director4 2023-01-31 12293065 d:Director5 2022-02-01 2023-01-31 12293065 d:Director5 2023-01-31 12293065 d:RegisteredOffice 2022-02-01 2023-01-31 12293065 c:FreeholdInvestmentProperty 2023-01-31 12293065 c:FreeholdInvestmentProperty 2022-01-31 12293065 c:CurrentFinancialInstruments 2023-01-31 12293065 c:CurrentFinancialInstruments 2022-01-31 12293065 c:Non-currentFinancialInstruments 2023-01-31 12293065 c:Non-currentFinancialInstruments 2022-01-31 12293065 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 12293065 c:CurrentFinancialInstruments c:WithinOneYear 2022-01-31 12293065 c:Non-currentFinancialInstruments c:AfterOneYear 2023-01-31 12293065 c:Non-currentFinancialInstruments c:AfterOneYear 2022-01-31 12293065 c:ShareCapital 2023-01-31 12293065 c:ShareCapital 2022-01-31 12293065 c:RetainedEarningsAccumulatedLosses 2023-01-31 12293065 c:RetainedEarningsAccumulatedLosses 2022-01-31 12293065 d:FRS102 2022-02-01 2023-01-31 12293065 d:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 12293065 d:FullAccounts 2022-02-01 2023-01-31 12293065 d:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 12293065 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Company registration number: 12293065







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023


PET MATE FINANCE LIMITED






































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PET MATE FINANCE LIMITED
 


 
COMPANY INFORMATION


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




Registered number
12293065



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 FINANCE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


PET MATE FINANCE LIMITED
REGISTERED NUMBER:12293065



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
17,170,002
17,170,002

  
17,170,002
17,170,002

Current assets
  

Debtors: amounts falling due within one year
 5 
11,176
11,176

  
11,176
11,176

Creditors: amounts falling due within one year
 6 
(1,368,601)
(623,614)

Net current liabilities
  
 
 
(1,357,425)
 
 
(612,438)

Total assets less current liabilities
  
15,812,577
16,557,564

Creditors: amounts falling due after more than one year
 7,8 
(18,818,863)
(18,782,377)

  

Net liabilities
  
(3,006,286)
(2,224,813)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,006,287)
(2,224,814)

  
(3,006,286)
(2,224,813)


Page 1

 


PET MATE FINANCE LIMITED
REGISTERED NUMBER:12293065


    
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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 5 form part of these financial statements.

Page 2

 


PET MATE FINANCE LIMITED
 


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

1.


General information

Pet Mate Finance 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.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

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

Page 3

 


PET MATE FINANCE LIMITED
 


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

4.


Investment


Investment in shares

£



Valuation


At 1 February 2022
17,170,002



At 31 January 2023
17,170,002










5.


Debtors

2023
2022
£
£


Other debtors
11,176
11,176

11,176
11,176



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
868,601
623,614

Other creditors
500,000
-

1,368,601
623,614


Page 4

 


PET MATE FINANCE LIMITED
 


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

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
8,134,302
8,097,816

Amounts owed to group undertakings
10,684,561
10,684,561

18,818,863
18,782,377


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.


8.


Post balance sheet events

Subsequent to the year end, the Pet Mate Group completed a refinancing exercised which resulted in the write down of other loans to £2.9m.

 
Page 5