PDA Holdings Limited 11880757 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is quantity surveying activities. Digita Accounts Production Advanced 6.30.9574.0 true false 11880757 2023-03-01 2024-02-29 11880757 2024-02-29 11880757 core:RetainedEarningsAccumulatedLosses 2024-02-29 11880757 core:ShareCapital 2024-02-29 11880757 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-02-29 11880757 core:CurrentFinancialInstruments 2024-02-29 11880757 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 11880757 bus:SmallEntities 2023-03-01 2024-02-29 11880757 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11880757 bus:FullAccounts 2023-03-01 2024-02-29 11880757 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11880757 bus:RegisteredOffice 2023-03-01 2024-02-29 11880757 bus:Director1 2023-03-01 2024-02-29 11880757 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11880757 1 2023-03-01 2024-02-29 11880757 countries:UnitedKingdom 2023-03-01 2024-02-29 11880757 2022-03-01 2023-02-28 11880757 2023-02-28 11880757 core:RetainedEarningsAccumulatedLosses 2023-02-28 11880757 core:ShareCapital 2023-02-28 11880757 core:CurrentFinancialInstruments 2023-02-28 11880757 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 11880757

PDA Holdings Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024

 

PDA Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

PDA Holdings Limited

(Registration number: 11880757)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

410,967

410,967

Current assets

 

Debtors

5

12,091

9

Cash at bank and in hand

 

878

306

 

12,969

315

Creditors: Amounts falling due within one year

6

(173,455)

(151,291)

Net current liabilities

 

(160,486)

(150,976)

Net assets

 

250,481

259,991

Capital and reserves

 

Called up share capital

736

736

Retained earnings

249,745

259,255

Shareholders' funds

 

250,481

259,991

For the financial year ending 29 February 2024 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 28 November 2024 and signed on its behalf by:
 

.........................................
Mr Martin Brownsill
Director

 

PDA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Poole Dick Associates Limited
Waterfold Park
Bury
Lancashire
BL9 7BR
UK

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

PDA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

PDA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 March 2023

410,967

410,967

At 29 February 2024

410,967

410,967

Carrying amount

At 29 February 2024

410,967

410,967

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

11,200

-

Prepayments

 

891

-

Other debtors

 

-

9

 

12,091

9

 

PDA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,697

59,828

Trade creditors

 

910

-

Amounts due to related parties

149,561

78,818

Other payables

 

11,817

10,223

Accruals

 

470

2,422

 

173,455

151,291

2024
£

2023
£

Current loans and borrowings

Other borrowings

10,697

59,828

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

10,697

59,828

8

Parent and ultimate parent undertaking

The ultimate controlling party is the Directors.