PFH Limited 12427882 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is to act as the holding company for a trading group comprising two subsidiary companies. Digita Accounts Production Advanced 6.30.9574.0 true false true 12427882 2022-07-01 2023-06-30 12427882 2023-06-30 12427882 core:CurrentFinancialInstruments 2023-06-30 12427882 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12427882 bus:SmallEntities 2022-07-01 2023-06-30 12427882 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12427882 bus:FullAccounts 2022-07-01 2023-06-30 12427882 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12427882 bus:RegisteredOffice 2022-07-01 2023-06-30 12427882 bus:Director1 2022-07-01 2023-06-30 12427882 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12427882 countries:EnglandWales 2022-07-01 2023-06-30 12427882 core:CostValuation 2022-06-30 12427882 2021-07-01 2022-06-30 12427882 2022-06-30 12427882 core:CurrentFinancialInstruments 2022-06-30 12427882 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 12427882

PFH Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

PFH Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

PFH Limited

(Registration number: 12427882)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

248,181

248,181

Current assets

 

Debtors

5

95,132

95,132

Creditors: Amounts falling due within one year

6

(343,113)

(343,113)

Net current liabilities

 

(247,981)

(247,981)

Net assets

 

200

200

Capital and reserves

 

Called up share capital

200

200

Shareholders' funds

 

200

200

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2024 and signed on its behalf by:
 

.........................................
B P Pauling
Director

 

PFH Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of exemptions conferred by Financial Reporting Standard 102 - Related Party Disclosures not to disclose transactions between wholly owned members of the same group.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

PFH Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

248,181

248,181

Subsidiaries

£

Cost or valuation

At 1 July 2022

248,181

Provision

Carrying amount

At 30 June 2023

248,181

At 30 June 2022

248,181

 

PFH Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Debtors

2023
£

2022
£

Amounts owed by group undertakings

95,132

95,132

95,132

95,132

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings

 

12,095

12,095

Other creditors

331,018

331,018

 

343,113

343,113