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REGISTERED NUMBER: 12352906 (England and Wales)


















THE PTH GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






THE PTH GROUP LIMITED (REGISTERED NUMBER: 12352906)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PTH GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: T L Cooper
P A Cooper
H J Huntley





REGISTERED OFFICE: Sanatorium Road
Canton
Cardiff
County of Cardiff
CF11 8DG





REGISTERED NUMBER: 12352906 (England and Wales)






THE PTH GROUP LIMITED (REGISTERED NUMBER: 12352906)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,730,910 1,736,740
Investments 5 640,000 640,000
2,370,910 2,376,740

CURRENT ASSETS
Debtors 6 93,129 46,227
Cash at bank 150,704 3,485
243,833 49,712
CREDITORS
Amounts falling due within one year 7 (612,441 ) (736,308 )
NET CURRENT LIABILITIES (368,608 ) (686,596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,002,302

1,690,144

CREDITORS
Amounts falling due after more than one
year

8

(1,858,188

)

(1,629,671

)

PROVISIONS FOR LIABILITIES (5,076 ) -
NET ASSETS 139,038 60,473

CAPITAL AND RESERVES
Called up share capital 10 90,000 90,000
Retained earnings 49,038 (29,527 )
SHAREHOLDERS' FUNDS 139,038 60,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

THE PTH GROUP LIMITED (REGISTERED NUMBER: 12352906)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





T L Cooper - Director


THE PTH GROUP LIMITED (REGISTERED NUMBER: 12352906)

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


1. STATUTORY INFORMATION

PTH Enterprises Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Preparation of consolidated financial statements
The financial statements contain information about The PTH Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of group shared services recharges and rental charges received or receivable, excluding discounts, rebated, value added tax and other sales tax.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Buildings- 2% on cost
Land- not depreciated
Fixture and fittings- 33% on cost

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for theyear and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THE PTH GROUP LIMITED (REGISTERED NUMBER: 12352906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Land and to and
Property property Fittings Totals
£    £    £    £   
COST
At 1 November 2022 1,697,146 41,810 42,522 1,781,478
Additions - 24,168 2,364 26,532
At 31 October 2023 1,697,146 65,978 44,886 1,808,010
DEPRECIATION
At 1 November 2022 33,531 1,807 9,399 44,737
Charge for year 12,979 4,899 14,485 32,363
At 31 October 2023 46,510 6,706 23,884 77,100
NET BOOK VALUE
At 31 October 2023 1,650,636 59,272 21,002 1,730,910
At 31 October 2022 1,663,615 40,003 33,123 1,736,741

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 640,000
NET BOOK VALUE
At 31 October 2023 640,000
At 31 October 2022 640,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 570 9,334
Accrued income 56,998 36,113
Prepayments 35,561 780
93,129 46,227

THE PTH GROUP LIMITED (REGISTERED NUMBER: 12352906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 11,472 29,991
Trade creditors 33,593 26,395
Amounts owed to group undertakings 464,421 607,717
Corporation tax 7,046 2,840
Social security and other taxes 8,725 9,170
VAT 31,234 32,754
Other creditors 2,495 1,565
Directors' current accounts - 3,180
Accruals and deferred income 53,455 22,696
612,441 736,308

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 1,858,188 1,629,671

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 1,869,660 1,659,662

Barclays Bank PLC holds a fixed charge over the company's property to act as security for payment and discharge of the company debt, dated 7 April 2020.

Barclays Bank PLC registered a fixed and floating charge over the company's property and undertakings on 1 April 2020.

In addition the company has pledged its assets as a guarantee for the other creditor in its subsidiary company which amounted to £238,280 at the year end.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
90,000 Ordinary 1 90,000 90,000