Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity33truetrue 09638086 2022-08-01 2023-07-31 09638086 2021-08-01 2022-07-31 09638086 2023-07-31 09638086 2022-07-31 09638086 c:Director1 2022-08-01 2023-07-31 09638086 d:Buildings 2022-08-01 2023-07-31 09638086 d:Buildings 2023-07-31 09638086 d:Buildings 2022-07-31 09638086 d:CurrentFinancialInstruments 2023-07-31 09638086 d:CurrentFinancialInstruments 2022-07-31 09638086 d:Non-currentFinancialInstruments 2023-07-31 09638086 d:Non-currentFinancialInstruments 2022-07-31 09638086 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09638086 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09638086 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09638086 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 09638086 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 09638086 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 09638086 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 09638086 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 09638086 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 09638086 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 09638086 d:ShareCapital 2023-07-31 09638086 d:ShareCapital 2022-07-31 09638086 d:RetainedEarningsAccumulatedLosses 2023-07-31 09638086 d:RetainedEarningsAccumulatedLosses 2022-07-31 09638086 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 09638086 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-07-31 09638086 c:OrdinaryShareClass1 2022-08-01 2023-07-31 09638086 c:OrdinaryShareClass1 2023-07-31 09638086 c:OrdinaryShareClass1 2022-07-31 09638086 c:OrdinaryShareClass2 2022-08-01 2023-07-31 09638086 c:OrdinaryShareClass2 2023-07-31 09638086 c:OrdinaryShareClass2 2022-07-31 09638086 c:OrdinaryShareClass3 2022-08-01 2023-07-31 09638086 c:OrdinaryShareClass3 2023-07-31 09638086 c:OrdinaryShareClass3 2022-07-31 09638086 c:OrdinaryShareClass4 2022-08-01 2023-07-31 09638086 c:OrdinaryShareClass4 2023-07-31 09638086 c:OrdinaryShareClass4 2022-07-31 09638086 c:OrdinaryShareClass5 2022-08-01 2023-07-31 09638086 c:OrdinaryShareClass5 2023-07-31 09638086 c:OrdinaryShareClass5 2022-07-31 09638086 c:FRS102 2022-08-01 2023-07-31 09638086 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09638086 c:FullAccounts 2022-08-01 2023-07-31 09638086 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09638086 2 2022-08-01 2023-07-31 09638086 6 2022-08-01 2023-07-31 09638086 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09638086














PESTRIDGE HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2023

 
PESTRIDGE HOLDINGS LIMITED
REGISTERED NUMBER: 09638086

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
                                                                  Note

Fixed assets
  

Tangible assets
 4 
1,670,766
1,670,766

Investments
 5 
110
110

  
1,670,876
1,670,876

Current assets
  

Debtors: amounts falling due within one year
 6 
253,153
4,017

Cash at bank and in hand
 7 
72,688
305,374

  
325,841
309,391

Creditors: amounts falling due within one year
 8 
(291,057)
(246,185)

Net current assets
  
 
 
34,784
 
 
63,206

Total assets less current liabilities
  
1,705,660
1,734,082

Creditors: amounts falling due after more than one year
 9 
(348,629)
(412,600)

  

Net assets
  
£1,357,031
£1,321,482


Capital and reserves
  

Called up share capital 
 12 
110
110

Profit and loss account
  
1,356,921
1,321,372

  
£1,357,031
£1,321,482


Page 1

 
PESTRIDGE HOLDINGS LIMITED
REGISTERED NUMBER: 09638086

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 on 8 April 2024.




___________________________
D Pestridge
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PESTRIDGE HOLDINGS LIMITED
 

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

1.


General information

Pestridge Holdings Limited is a private company limited by shares, incorporated in England and Wales. The company registration number is 09638086 and the registered address in Henwood House, Henwood, Ashford, Kent, TN24 8DH. The principal place of business is Moat Way, Orbital Park, Ashford, Kent, TN24 0TT.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation is provided

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
PESTRIDGE HOLDINGS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual
Page 4

 
PESTRIDGE HOLDINGS LIMITED
 

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

2.Accounting policies (continued)


2.7
Financial instruments (continued)

arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
PESTRIDGE HOLDINGS LIMITED
 

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

2.Accounting policies (continued)

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
3
3


4.


Tangible fixed assets





Freehold property



Cost or valuation


At 1 August 2022
1,670,766



At 31 July 2023

1,670,766






Net book value



At 31 July 2023
£1,670,766



At 31 July 2022
£1,670,766

The carrying amount of investment property, which the Company rents to another group entity when it has chosen to account for such properties using the cost model is £1,670,766 (2022 - £1,670,766)

Page 6

 
PESTRIDGE HOLDINGS LIMITED
 

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

5.


Fixed asset investments





Investments in subsidiary companies



Cost or valuation


At 1 August 2022
110



At 31 July 2023
£110





6.


Debtors

2023
2022


Trade debtors
-
1,475

Other debtors
252,829
2,542

Prepayments and accrued income
324
-

£253,153
£4,017


Other debtors include a loan of £250,000 secured on the land and property owned by the borrower.


7.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
£72,688
£305,374



8.


Creditors: Amounts falling due within one year

2023
2022

Bank loans
68,278
73,058

Amounts owed to group undertakings
167,204
115,236

Other creditors
53,975
54,349

Accruals and deferred income
1,600
3,542

£291,057
£246,185


Page 7

 
PESTRIDGE HOLDINGS LIMITED
 

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

9.


Creditors: Amounts falling due after more than one year

2023
2022

Bank loans
£348,629
£412,600


The bank loans are secured by a debenture, together with a fixed and floating legal charge over all assets, land and property of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022

Amounts falling due within one year

Bank loans
68,278
73,058


68,278
73,058

Amounts falling due 1-2 years

Bank loans
68,278
73,058


68,278
73,058

Amounts falling due 2-5 years

Bank loans
172,781
197,782


172,781
197,782

Amounts falling due after more than 5 years

Bank loans
107,570
141,760

107,570
141,760

£416,907
£485,658



11.


Financial instruments

2023
2022

Financial assets


Financial assets measured at fair value through profit or loss
£72,688
£305,374




Financial assets measured at fair value through profit or loss comprise bank and cash balances.

Page 8

 
PESTRIDGE HOLDINGS LIMITED
 

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

12.


Share capital

2023
2022
Allotted, called up and fully paid



45 (2022 -45) A ordinary shares of £1.00 each
45
45
40 (2022 -40) B ordinary shares of £1.00 each
40
40
10 (2022 -10) C ordinary shares of £1.00 each
10
10
10 (2022 -10) D ordinary shares of £1.00 each
10
10
5 (2022 -5) E ordinary shares of £1.00 each
5
5

£110

£110


Page 9