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P D Morgan (Holdings) Limited

Financial Statements for the Year Ended 30 November 2023






P D Morgan (Holdings) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P D Morgan





REGISTERED OFFICE: Pant-Y-Gibwn Farm
Blackmill
Bridgend
CF35 6EB





REGISTERED NUMBER: 06087910 (England and Wales)





ACCOUNTANTS: BPU Limited
The Counting House
Pound Field
Llantwit Major
Vale of Glamorgan
CF61 1DL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
P D Morgan (Holdings) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P D Morgan (Holdings) Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of P D Morgan (Holdings) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P D Morgan (Holdings) Limited and state those matters that we have agreed to state to the director of P D Morgan (Holdings) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P D Morgan (Holdings) Limited and its director for our work or for this report.

It is your duty to ensure that P D Morgan (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P D Morgan (Holdings) Limited. You consider that P D Morgan (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P D Morgan (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited


29 August 2024

P D Morgan (Holdings) Limited (Registered number: 06087910)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 312,042 318,849
Investments 5 - 212,553
312,042 531,402

CURRENT ASSETS
Debtors 6 277,499 212,054
Cash at bank 303,351 157,867
580,850 369,921
CREDITORS
Amounts falling due within one year 7 12,951 24,459
NET CURRENT ASSETS 567,899 345,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,941

876,864

CREDITORS
Amounts falling due after more than
one year

8

-

138,942
NET ASSETS 879,941 737,922

CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings 879,740 737,721
SHAREHOLDERS' FUNDS 879,941 737,922

P D Morgan (Holdings) Limited (Registered number: 06087910)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 29 August 2024 and were signed by:





P D Morgan - Director


P D Morgan (Holdings) Limited (Registered number: 06087910)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

P D Morgan (Holdings) 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.

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.

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% straight line

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2022
and 30 November 2023 340,337
DEPRECIATION
At 1 December 2022 21,488
Charge for year 6,807
At 30 November 2023 28,295
NET BOOK VALUE
At 30 November 2023 312,042
At 30 November 2022 318,849

P D Morgan (Holdings) Limited (Registered number: 06087910)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022 212,553
Disposals (212,553 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 212,553

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 180,054 192,054
Amounts owed by group undertakings - 20,000
Other debtors & prepayments 37,445 -
217,499 212,054

Amounts falling due after more than one year:
Other debtors 60,000 -

Aggregate amounts 277,499 212,054

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 17,086
Trade creditors 1,195 85
Taxes & social security costs 7,176 5,293
Other creditors & accruals 4,580 1,995
12,951 24,459

P D Morgan (Holdings) Limited (Registered number: 06087910)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 138,942

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 69,397

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
P D Morgan
Balance outstanding at start of year - -
Amounts advanced 7,445 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,445 -

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P D Morgan who is a 100% shareholder.