IRIS Accounts Production v24.1.9.2 SC177994 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1779942023-01-31SC1779942024-01-31SC1779942023-02-012024-01-31SC1779942022-01-31SC1779942022-02-012023-01-31SC1779942023-01-31SC177994ns15:Scotland2023-02-012024-01-31SC177994ns14:PoundSterling2023-02-012024-01-31SC177994ns10:Director12023-02-012024-01-31SC177994ns10:Director22023-02-012024-01-31SC177994ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC177994ns10:SmallEntities2023-02-012024-01-31SC177994ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC177994ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC177994ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC177994ns10:FullAccounts2023-02-012024-01-31SC17799412023-02-012024-01-31SC177994ns10:CompanySecretary12023-02-012024-01-31SC177994ns10:RegisteredOffice2023-02-012024-01-31SC177994ns5:CurrentFinancialInstruments2024-01-31SC177994ns5:CurrentFinancialInstruments2023-01-31SC177994ns5:ShareCapital2024-01-31SC177994ns5:ShareCapital2023-01-31SC177994ns5:RevaluationReserve2024-01-31SC177994ns5:RevaluationReserve2023-01-31SC177994ns5:CapitalRedemptionReserve2024-01-31SC177994ns5:CapitalRedemptionReserve2023-01-31SC177994ns5:RetainedEarningsAccumulatedLosses2024-01-31SC177994ns5:RetainedEarningsAccumulatedLosses2023-01-31SC177994ns5:NetGoodwill2023-02-012024-01-31SC177994ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31SC177994ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-02-012024-01-31SC177994ns5:ComputerEquipment2023-02-012024-01-31SC177994ns5:NetGoodwill2023-01-31SC177994ns5:NetGoodwill2024-01-31SC177994ns5:NetGoodwill2023-01-31SC177994ns5:LandBuildings2023-01-31SC177994ns5:ComputerEquipment2023-01-31SC177994ns5:LandBuildings2023-02-012024-01-31SC177994ns5:LandBuildings2024-01-31SC177994ns5:ComputerEquipment2024-01-31SC177994ns5:LandBuildings2023-01-31SC177994ns5:ComputerEquipment2023-01-31SC177994ns5:CostValuation2023-01-31SC177994ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-31SC177994ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31SC177994ns5:RevaluationReserve2023-01-31
REGISTERED NUMBER: SC177994 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PWP HOLDINGS LIMITED

PWP HOLDINGS LIMITED (REGISTERED NUMBER: SC177994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PWP HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M Armstrong
A Smith





SECRETARY: Ms J Aitken





REGISTERED OFFICE: 19B Graham Street
Edinburgh
EH6 5QN





REGISTERED NUMBER: SC177994 (Scotland)





ACCOUNTANTS: MacDonald Morton Ltd
Chartered Accountants
67 March Road
Edinburgh
EH4 3SU

PWP HOLDINGS LIMITED (REGISTERED NUMBER: SC177994)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 146,200 149,669
Investments 6 100 100
146,300 149,769

CURRENT ASSETS
Debtors 7 1,375 1,375
Cash at bank and in hand 66,087 36,794
67,462 38,169
CREDITORS
Amounts falling due within one year 8 37,414 31,313
NET CURRENT ASSETS 30,048 6,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,348

156,625

CAPITAL AND RESERVES
Called up share capital 42 42
Revaluation reserve 9 71,574 73,239
Capital redemption reserve 66 66
Retained earnings 104,666 83,278
SHAREHOLDERS' FUNDS 176,348 156,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

PWP HOLDINGS LIMITED (REGISTERED NUMBER: SC177994)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 7 May 2024 and were signed on its behalf by:




M Armstrong - Director



A Smith - Director


PWP HOLDINGS LIMITED (REGISTERED NUMBER: SC177994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

PWP Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from services are recognised when services have been provided and the right to consideration has been earned.

Goodwill
Goodwill has been fully amortised.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Computer equipment - 25% on reducing balance

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

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and bank loans.

Trade debtors and trade creditors are measured at the undiscounted amounts receivable from a customer or payable to a supplier, which is normally the invoice price.

Loans received from a bank at a market rate of interest are recognised at the amount of cash received from the bank, less separately incurred transaction costs.

Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised.


PWP HOLDINGS LIMITED (REGISTERED NUMBER: SC177994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 40,000
AMORTISATION
At 1 February 2023
and 31 January 2024 40,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

PWP HOLDINGS LIMITED (REGISTERED NUMBER: SC177994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 170,000 33,532 203,532
DEPRECIATION
At 1 February 2023 20,400 33,463 53,863
Charge for year 3,400 69 3,469
At 31 January 2024 23,800 33,532 57,332
NET BOOK VALUE
At 31 January 2024 146,200 - 146,200
At 31 January 2023 149,600 69 149,669

The company has taken advantage of the transitional provisions of FRS102 to use a previous UK GAAP revaluation as deemed cost with respect to freehold property as at the transition date of 1 February 2015. The freehold property has a historical cost of £136,598.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100
At 31 January 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 45 45
Other debtors 1,330 1,330
1,375 1,375

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 483 386
Taxation and social security 25,527 20,123
Other creditors 11,404 10,804
37,414 31,313

PWP HOLDINGS LIMITED (REGISTERED NUMBER: SC177994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023 73,239
Transfer to profit and loss account (1,665 )

At 31 January 2024 71,574