Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31At the year end, the company was owed £2,803,768 (2023: £NIL) from a group company as shown in note 5. The loan is interest free and repayable on demand. group company2808585222023-02-01falseinvestment holdingfalsetruefalse 08800343 2023-02-01 2024-01-31 08800343 2022-02-01 2023-01-31 08800343 2024-01-31 08800343 2023-01-31 08800343 c:Director1 2023-02-01 2024-01-31 08800343 d:CurrentFinancialInstruments 2024-01-31 08800343 d:CurrentFinancialInstruments 2023-01-31 08800343 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 08800343 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08800343 d:ShareCapital 2024-01-31 08800343 d:ShareCapital 2023-01-31 08800343 d:RetainedEarningsAccumulatedLosses 2024-01-31 08800343 d:RetainedEarningsAccumulatedLosses 2023-01-31 08800343 c:OrdinaryShareClass1 2023-02-01 2024-01-31 08800343 c:OrdinaryShareClass1 2024-01-31 08800343 c:FRS102 2023-02-01 2024-01-31 08800343 c:Audited 2023-02-01 2024-01-31 08800343 c:FullAccounts 2023-02-01 2024-01-31 08800343 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08800343 d:UltimateParent 2023-02-01 2024-01-31 08800343 d:UltimateParent 2024-01-31 08800343 d:ImmediateParent 2023-02-01 2024-01-31 08800343 d:ImmediateParent 2024-01-31 08800343 c:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08800343 6 2023-02-01 2024-01-31 08800343 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08800343









PAUL'S CYCLES (HOLDINGS) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
PAUL'S CYCLES (HOLDINGS) LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
PAUL'S CYCLES (HOLDINGS) LIMITED
REGISTERED NUMBER: 08800343

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,000
1,000

  
1,000
1,000

Current assets
  

Debtors: amounts falling due within one year
 5 
2,803,768
403

  
2,803,768
403

Creditors: amounts falling due within one year
 6 
(2,807,359)
(2,817)

Net current liabilities
  
 
 
(3,591)
 
 
(2,414)

Total assets less current liabilities
  
(2,591)
(1,414)

  

Net liabilities
  
(2,591)
(1,414)


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(3,591)
(2,414)

  
(2,591)
(1,414)


Page 1

 
PAUL'S CYCLES (HOLDINGS) LIMITED
REGISTERED NUMBER: 08800343
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr M E Colley
Director

Date: 17 October 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Unit A, 13 Yaxham Road, Dereham, Norfolk, NR19 1HB.
The Company's principal activity is that of investment holding. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

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.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments that are payable or receivable within one year, typicaly trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
1,000



At 31 January 2024
1,000





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2,803,768
403

2,803,768
403



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
139
-

Amounts owed to group undertakings
2,806,182
2,403

Accruals and deferred income
1,038
414

2,807,359
2,817


Page 4

 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1.00 each
1,000
1,000



8.


Related party transactions

At the year end, the company was owed £2,803,768 (2023: £NIL) from a group company as shown in note 5.  The loan is interest free and repayable on demand.
 

At the year end, the company owed £2,806,182 (2023: £2,403) to a group company as shown in note 6.  The loan is interest free and repayable on demand.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2024 was unqualified.

The audit report was signed on 21 October 2024 by Frank Shippam BSc FCA DChA (Senior Statutory Auditor) on behalf of MA Partners Audit LLP.

 
Page 5