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Company No: 13465563 (England and Wales)

PHOTO DISTRIBUTION HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 01 July 2022 to 31 December 2023
Pages for filing with the registrar

PHOTO DISTRIBUTION HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 01 July 2022 to 31 December 2023

Contents

PHOTO DISTRIBUTION HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
PHOTO DISTRIBUTION HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 30.06.2022
£ £
Fixed assets
Investments 3 1,058,820 1,058,820
1,058,820 1,058,820
Current assets
Debtors 4 3 3
3 3
Net current assets 3 3
Total assets less current liabilities 1,058,823 1,058,823
Net assets 1,058,823 1,058,823
Capital and reserves
Called-up share capital 5 1,058,823 1,058,823
Total shareholders' funds 1,058,823 1,058,823

For the financial period 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 financial statements of Photo Distribution Holdings Limited (registered number: 13465563) were approved and authorised for issue by the Director on 18 October 2024. They were signed on its behalf by:

E C Allnutt
Director
PHOTO DISTRIBUTION HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2022 to 31 December 2023
PHOTO DISTRIBUTION HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2022 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Photo Distribution Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 68 Lemon Street, Truro, TR1 2PN, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

These accounts have been prepared for the long period 31 July 2022 to 31 December 2023 so as to align with the accounting date of the subsidiary company.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
01.07.2022 to
31.12.2023
Period from
18.06.2021 to
30.06.2022
Number Number
Monthly average number of persons employed by the Company during the period, including the director 2 2

3. Fixed asset investments

Investments in subsidiaries

31.12.2023
£
Cost
At 01 July 2022 1,058,820
At 31 December 2023 1,058,820
Carrying value at 31 December 2023 1,058,820
Carrying value at 30 June 2022 1,058,820

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.12.2023
Ownership
30.06.2022
Photo Distribution Limited (company number 04564986) 68 Lemon Street, Truro, England, TR1 2PN holding of investments and property management Ordinary shares 100.00% 100.00%

4. Debtors

31.12.2023 30.06.2022
£ £
Other debtors 3 3

5. Called-up share capital

31.12.2023 30.06.2022
£ £
Allotted, called-up and fully-paid
1,058,823 Ordinary Shares shares of £ 1.00 each 1,058,823 1,058,823