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O13557768










PIR HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PIR HOLDINGS LIMITED
REGISTERED NUMBER: 13557768

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
6,700,526
6,700,526

Current assets
  

Debtors: amounts falling due within one year
 5 
53,375
53,375

Creditors: amounts falling due within one year
 6 
(888,354)
(1,502,847)

Net current liabilities
  
 
 
(834,979)
 
 
(1,449,472)

Creditors: amounts falling due after more than one year
 7 
-
(280,000)

  

Net assets
  
5,865,547
4,971,054


Capital and reserves
  

Called up share capital 
 8 
3,735,000
3,735,000

Profit and loss account
  
2,130,547
1,236,054

  
5,865,547
4,971,054


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

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: 


................................................
W G Minns
Director
Date: 4 November 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PIR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

PIR Holdings Limited is a private company limited by shares and is incorporated in England and Wales, registration number 13557768. The registered office is The Control Tower, Witchcraft Way, Rackheath, Norwich, Norfolk, NR13 6GA.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and at least twelve months from the date of signing these financial statements. The directors therefore continue to adopt the going concern basis of accounting in preparing the Company's financial statements.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

Page 2

 
PIR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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

The average monthly number of employees, including directors, during the year was 4 (2023: 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2023
6,700,526



At 31 March 2024
6,700,526





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
48,875
48,875

Other debtors
4,500
4,500

53,375
53,375


Page 3

 
PIR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
637,054
901,547

Other creditors
250,000
600,000

Accruals and deferred income
1,300
1,300

888,354
1,502,847



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
280,000



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



110,260 (2023 - 110,260) Ordinary A shares of £1.00 each
110,260
110,260
89,740 (2023 - 89,740) Ordinary B shares of £1.00 each
89,740
89,740
3,535,000 (2023 - 3,535,000) Irredeemable preference shares of £1.00 each
3,535,000
3,535,000

3,735,000

3,735,000



9.


Related party transactions

The company has taken advantage of the exemption available under FRS 102 not to disclose the transactions between wholly owned members of a group. 


10.


Controlling party

The company is under the ultimate control of it's Directors, by virtue of their combined controlling shareholding. 

 
Page 4