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REGISTERED NUMBER: 13439896 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PETER SMITH HOLDING COMPANY LTD

PETER SMITH HOLDING COMPANY LTD (REGISTERED NUMBER: 13439896)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETER SMITH HOLDING COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P N Smith





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
NG1 4JA





REGISTERED NUMBER: 13439896 (England and Wales)





AUDITORS: Lemans
Statutory Auditor
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

PETER SMITH HOLDING COMPANY LTD (REGISTERED NUMBER: 13439896)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 89,000 89,000

CURRENT ASSETS
Debtors 5 963,625 543,625
Cash at bank 1,515,378 1,613,764
2,479,003 2,157,389
CREDITORS
Amounts falling due within one year 6 10,260 5,212
NET CURRENT ASSETS 2,468,743 2,152,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,557,743

2,241,177

CAPITAL AND RESERVES
Called up share capital 7 38,000 38,000
Retained earnings 2,519,743 2,203,177
SHAREHOLDERS' FUNDS 2,557,743 2,241,177

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





P N Smith - Director


PETER SMITH HOLDING COMPANY LTD (REGISTERED NUMBER: 13439896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Peter Smith Holding Company 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.

Preparation of consolidated financial statements
The financial statements contain information about Peter Smith Holding Company 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

PETER SMITH HOLDING COMPANY LTD (REGISTERED NUMBER: 13439896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS

The principal undertakings in which the group's interests at the year end and which are included in the consolidation are as follows.


Name of undertakings
Country of
incorporation

Principal activity
Class and % of
shares held

The Peter Smith Valve Company
Limited

England/ Wales

Valve Manufacturer

Ordinary, 100%

Stephen Smith Property Development
Company Limited

England/ Wales

Property Development

Ordinary, 100%


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 963,625 543,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 2,003 2,003
Corporation tax 5,522 774
Accrued expenses 2,735 2,435
10,260 5,212

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
38,000 Ordinary £1 38,000 38,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adrian Harby FCCA (Senior Statutory Auditor)
for and on behalf of Lemans

9. ULTIMATE CONTROLLING PARTY

The controlling party is P N Smith.