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REGISTERED NUMBER: 11815703 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

POWERFOUR HOLDINGS LTD

POWERFOUR HOLDINGS LTD (REGISTERED NUMBER: 11815703)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWERFOUR HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: B Garforth





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 11815703 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

POWERFOUR HOLDINGS LTD (REGISTERED NUMBER: 11815703)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,465 27,287
Investment property 5 734,500 1,581,329
754,965 1,608,616

CURRENT ASSETS
Debtors 6 29,540 66,146
Investments 7 1 101
Cash at bank 30,509 15,009
60,050 81,256
CREDITORS
Amounts falling due within one year 8 215,446 277,305
NET CURRENT LIABILITIES (155,396 ) (196,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,569

1,412,567

CREDITORS
Amounts falling due after more than one
year

9

(28,642

)

(841,124

)

PROVISIONS FOR LIABILITIES (24,952 ) -
NET ASSETS 545,975 571,443

POWERFOUR HOLDINGS LTD (REGISTERED NUMBER: 11815703)

BALANCE SHEET - continued
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up and paid share capital 200 200
Revaluation reserve 11 74,856 -
Retained earnings 470,919 571,243
545,975 571,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





B Garforth - Director


POWERFOUR HOLDINGS LTD (REGISTERED NUMBER: 11815703)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Powerfour Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Powerfour Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


POWERFOUR HOLDINGS LTD (REGISTERED NUMBER: 11815703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rental property
Rental income is measured at the fair value of the consideration received or receivable in the period to which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 36,382
DEPRECIATION
At 1 March 2023 9,095
Charge for year 6,822
At 29 February 2024 15,917
NET BOOK VALUE
At 29 February 2024 20,465
At 28 February 2023 27,287

POWERFOUR HOLDINGS LTD (REGISTERED NUMBER: 11815703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,581,329
Disposals (1,095,500 )
Revaluations 248,671
At 29 February 2024 734,500
NET BOOK VALUE
At 29 February 2024 734,500
At 28 February 2023 1,581,329

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 734,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,565 66,046
Other debtors 17,975 100
29,540 66,146

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 1 101

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,000 82,453
Hire purchase contracts 4,409 4,409
Trade creditors 36,078 14,101
Amounts owed to participating interests 163,561 162,288
Taxation and social security 1,048 12,469
Other creditors 1,350 1,585
215,446 277,305

POWERFOUR HOLDINGS LTD (REGISTERED NUMBER: 11815703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,250 819,323
Hire purchase contracts 17,392 21,801
28,642 841,124

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 505,260

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 20,250 901,776

The loan is secured by way of a charge over the property held by the company

11. RESERVES
Revaluation
reserve
£   
Revaluation reserve 74,856

At 29 February 2024 74,856

12. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owing of £163,561 (2023: £162,288) to a company under the control of the directors. The loans are interest free and repayable on demand.

Included in other debtors are amounts owing of £17,875 (2023: £Nil) from a company under the control of the directors. The loans are interest free and repayable on demand.