1 January 2023 v2024.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP038883982023-01-012023-12-31038883982023-12-31038883982022-12-3103888398core:WithinOneYear2023-12-3103888398core:WithinOneYear2022-12-3103888398core:ShareCapital2023-12-3103888398core:ShareCapital2022-12-3103888398core:SharePremium2023-12-3103888398core:SharePremium2022-12-3103888398core:RetainedEarningsAccumulatedLosses2023-12-3103888398core:RetainedEarningsAccumulatedLosses2022-12-3103888398bus:Director12023-01-012023-12-3103888398bus:RegisteredOffice2023-01-012023-12-3103888398core:LandBuildings2023-01-012023-12-31038883982022-01-012022-12-3103888398core:LandBuildings2023-12-3103888398core:LandBuildings2022-12-3103888398core:CostValuation2023-01-0103888398core:CostValuation2023-12-310388839812023-01-012023-12-3103888398countries:EnglandWales2023-01-012023-12-3103888398bus:AuditExemptWithAccountantsReport2023-01-012023-12-3103888398bus:PrivateLimitedCompanyLtd2023-01-012023-12-3103888398bus:SmallEntities2023-01-012023-12-3103888398bus:FullAccounts2023-01-012023-12-31
Company registration number:
03888398
P G & E B Oliver Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
P G & E B Oliver Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
350,000
 
350,000
 
Investments 6
120,010
 
120,010
 
470,010
 
470,010
 
Current assets    
Cash at bank and in hand
1,129
 
3,168
 
Creditors: amounts falling due within one year 7
(161,992
)
(160,540
)
Net current liabilities
(160,863
)
(157,372
)
Total assets less current liabilities 309,147   312,638  
Provisions for liabilities
(29,646
)
(22,531
)
Net assets
279,501
 
290,107
 
Capital and reserves    
Called up share capital
100
 
100
 
Share premium
179,900
 
179,900
 
Profit and loss account
99,501
 
110,107
 
Shareholders funds
279,501
 
290,107
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 September 2024
, and are signed on behalf of the board by:
P Oliver
Director
Company registration number:
03888398
P G & E B Oliver Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
10-12 Market Street
,
Cleethorpes
,
North East Lincolnshire
,
DN35 8LY
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the rental of the company's freehold property.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Not depreciated

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
2.00
).

5 Tangible assets

Land and buildings
£
Cost  
At
1 January 2023
and
31 December 2023
350,000
 
Depreciation  
At
1 January 2023
and
31 December 2023
-  
Carrying amount  
At
31 December 2023
350,000
 
At 31 December 2022
350,000
 

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 January 2023
120,010
 
At
31 December 2023
120,010
 
Impairment  
At
1 January 2023
and
31 December 2023
-  
Carrying amount  
At
31 December 2023
120,010
 
At 31 December 2022
120,010
 

7 Creditors: amounts falling due within one year

20232022
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
155,346
 
155,346
 
Taxation and social security
5,785
 
4,751
 
Other creditors
861
 
443
 
161,992
 
160,540