REGISTERED NUMBER: |
Ping On Holdings Ltd |
Unaudited Financial Statements |
for the Period |
1 October 2022 to 16 November 2023 |
REGISTERED NUMBER: |
Ping On Holdings Ltd |
Unaudited Financial Statements |
for the Period |
1 October 2022 to 16 November 2023 |
Ping On Holdings Ltd (Registered number: SC503254) |
Contents of the Financial Statements |
for the Period 1 October 2022 to 16 November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ping On Holdings Ltd |
Company Information |
for the Period 1 October 2022 to 16 November 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
BANKERS: |
41 South Gyle Crescent |
Edinburgh |
EH12 9DR |
Ping On Holdings Ltd (Registered number: SC503254) |
Balance Sheet |
16 November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
Ping On Holdings Ltd (Registered number: SC503254) |
Balance Sheet - continued |
16 November 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Ping On Holdings Ltd (Registered number: SC503254) |
Notes to the Financial Statements |
for the Period 1 October 2022 to 16 November 2023 |
1. | STATUTORY INFORMATION |
Ping On Holdings Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company has ceased trading and therefore the financial statements have been prepared on a break-up basis. |
Preparation of consolidated financial statements |
The financial statements contain information about Ping On Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
All loans with related parties are all repayable on demand. |
Ping On Holdings Ltd (Registered number: SC503254) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 16 November 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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 period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST OR VALUATION |
At 1 October 2022 |
Disposals | ( |
) |
At 16 November 2023 |
AMORTISATION |
At 1 October 2022 |
Eliminated on disposal | ( |
) |
At 16 November 2023 |
NET BOOK VALUE |
At 16 November 2023 |
At 30 September 2022 |
Ping On Holdings Ltd (Registered number: SC503254) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 16 November 2023 |
4. | INTANGIBLE FIXED ASSETS - continued |
Cost or valuation at 16 November 2023 is represented by: |
Other |
intangible |
assets |
£ |
Valuation in 2020 | (142,000 | ) |
Valuation in 2022 | (5,000 | ) |
Valuation in 2023 | (15,000 | ) |
Cost | 162,000 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2022 |
Disposals | ( |
) |
At 16 November 2023 |
DEPRECIATION |
At 1 October 2022 |
Eliminated on disposal | ( |
) |
At 16 November 2023 |
NET BOOK VALUE |
At 16 November 2023 |
At 30 September 2022 |
Ping On Holdings Ltd (Registered number: SC503254) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 16 November 2023 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST |
At 1 October 2022 |
Disposals | ( |
) |
At 16 November 2023 |
NET BOOK VALUE |
At 16 November 2023 |
At 30 September 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
The director's current account are unsecured, interest free and has no fixed term of repayment. |