Company No:
Contents
Note | 31.12.2023 | 30.06.2022 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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1,058,820 | 1,058,820 | |||
Current assets | ||||
Debtors | 4 |
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3 | 3 | |||
Net current assets | 3 | 3 | ||
Total assets less current liabilities | 1,058,823 | 1,058,823 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 5 |
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of Photo Distribution Holdings Limited (registered number:
E C Allnutt
Director |
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.
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 £.
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.
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 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.
Period from 01.07.2022 to 31.12.2023 |
Period from 18.06.2021 to 30.06.2022 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including the director |
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Investments in subsidiaries
31.12.2023 | |
£ | |
Cost | |
At 01 July 2022 |
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At 31 December 2023 |
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Carrying value at 31 December 2023 |
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Carrying value at 30 June 2022 |
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Investments in shares
Name of entity | Registered office | Principal activity | Class of shares |
Ownership 31.12.2023 |
Ownership 30.06.2022 |
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68 Lemon Street, Truro, England, TR1 2PN | holding of investments and property management |
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31.12.2023 | 30.06.2022 | ||
£ | £ | ||
Other debtors |
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31.12.2023 | 30.06.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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