Pedal Revolution Holdings Limited Filleted Accounts Cover
Pedal Revolution Holdings Limited
Company No. 13794297
Information for Filing with The Registrar
31 March 2024
Pedal Revolution Holdings Limited Balance Sheet Registrar
at
31 March 2024
Company No.
13794297
Notes
2024
2023
£
£
Fixed assets
Investments
4
125,0001,206,000
125,0001,206,000
Current assets
Cash at bank and in hand
9393
9393
Creditors: Amount falling due within one year
5
(240,000)
(240,000)
Net current liabilities
(239,907)
(239,907)
Total assets less current liabilities
(114,907)
966,093
Creditors: Amounts falling due after more than one year
6
(531,000)
(591,000)
Net (liabilities)/assets
(645,907)
375,093
Capital and reserves
Called up share capital
9393
Profit and loss account
8
(646,000)
375,000
Total equity
(645,907)
375,093
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 11 October 2024 and signed on its behalf by:
K.S. Warner
Director
11 October 2024
Pedal Revolution Holdings Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Pedal Revolution Holdings Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13794297
Its registered office is:
63-67 Bethel Street
Norwich
England
NR2 1NR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Investments
Investments in subsidiaries are recognised initially at cost plus attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
44
4
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 April 2023
1,206,000
1,206,000
At 31 March 2024
1,206,000
1,206,000
Provisions/Impairment
Impairment loss
1,081,000
1,081,000
At 31 March 2024
1,081,000
1,081,000
Net book values
At 31 March 2024
125,000
125,000
At 31 March 2023
1,206,000
1,206,000
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Other loans
240,000240,000
240,000240,000
6
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other loans
418,334585,000
Amounts owed to group undertakings
112,6666,000
531,000591,000
7
Share Capital
The company has in issue 93 £1.00 Ordinary shares, all of which are fully paid up at par.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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