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Company No: 13596862 (England and Wales)

PJ PET PRODUCTS HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

PJ PET PRODUCTS HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024

Contents

PJ PET PRODUCTS HOLDINGS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
PJ PET PRODUCTS HOLDINGS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
DIRECTOR Bernhard Huepfl
REGISTERED OFFICE Sutton Courtenay House
55 High Street
Abingdon
OX14 4AT
United Kingdom
COMPANY NUMBER 13596862 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
PJ PET PRODUCTS HOLDINGS LIMITED

BALANCE SHEET

AS AT 29 FEBRUARY 2024
PJ PET PRODUCTS HOLDINGS LIMITED

BALANCE SHEET (continued)

AS AT 29 FEBRUARY 2024
Note 29.02.2024 28.02.2023
£ £
Fixed assets
Investments 3 1,268,976 1,268,976
1,268,976 1,268,976
Current assets
Debtors 4 135,468 138,348
135,468 138,348
Creditors: amounts falling due within one year 5 ( 1,500) ( 3,120)
Net current assets 133,968 135,228
Total assets less current liabilities 1,402,944 1,404,204
Creditors: amounts falling due after more than one year 6 ( 1,424,787) ( 1,424,787)
Net liabilities ( 21,843) ( 20,583)
Capital and reserves
Called-up share capital 11 11
Share premium account 202 202
Profit and loss account ( 22,056 ) ( 20,796 )
Total shareholders' deficit ( 21,843) ( 20,583)

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.

Director's responsibilities:

The financial statements of PJ Pet Products Holdings Limited (registered number: 13596862) were approved and authorised for issue by the Director on 29 November 2024. They were signed on its behalf by:

Bernhard Huepfl
Director
PJ PET PRODUCTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
PJ PET PRODUCTS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

PJ Pet Products 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 Sutton Courtenay House, 55 High Street, Abingdon, OX14 4AT, 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The prior period of financial statements show a short period, this was in order to bring the reporting date in line with related parties. Due to this fact, the figures for the two periods are not entirely comparable.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Impairment of assets

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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

Year ended
29.02.2024
Period from
01.10.2022 to
28.02.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

29.02.2024
£
Cost
At 01 March 2023 1,268,976
At 29 February 2024 1,268,976
Carrying value at 29 February 2024 1,268,976
Carrying value at 28 February 2023 1,268,976

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
29.02.2024
Ownership
28.02.2023
Held
PJ Pet Products Limited England and Wales Wholesale of pet products Ordinary 100.00% 100.00% Direct

4. Debtors

29.02.2024 28.02.2023
£ £
Amounts owed by own subsidiaries 135,468 138,348

5. Creditors: amounts falling due within one year

29.02.2024 28.02.2023
£ £
Other creditors 1,500 3,120

6. Creditors: amounts falling due after more than one year

29.02.2024 28.02.2023
£ £
Amounts owed to director 1,274,990 1,274,990
Other loans 149,797 149,797
1,424,787 1,424,787

It is agreed by the parties that the loans shall not bear interest and be unsecured but are repayable upon exit. Except by agreement, all repayments of the loans shall be made pro rata.