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REGISTERED NUMBER: 09652340 (England and Wales)










Report of the Directors and


Abridged Financial Statements for the Year Ended 31 March 2024

for

Pick Holdings Limited

Pick Holdings Limited (Registered number: 09652340)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Pick Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs K Woodward
C P Woodward





REGISTERED OFFICE: 40 Market Place
Belper
Derbyshire
DE56 1FZ





REGISTERED NUMBER: 09652340 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
40 Market Place
Belper
Derbyshire
DE56 1FZ

Pick Holdings Limited (Registered number: 09652340)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mrs K Woodward
C P Woodward

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C P Woodward - Director


29 November 2024

Pick Holdings Limited (Registered number: 09652340)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 782 1,043
Investment property 5 116,000 116,000
116,782 117,043

CURRENT ASSETS
Debtors 50 50
Cash at bank 7,147 16,475
7,197 16,525
CREDITORS
Amounts falling due within one year 57,390 63,169
NET CURRENT LIABILITIES (50,193 ) (46,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,589

70,399

PROVISIONS FOR LIABILITIES 2,343 2,727
NET ASSETS 64,246 67,672

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 13,310 13,310
Retained earnings 50,836 54,262
SHAREHOLDERS' FUNDS 64,246 67,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Pick Holdings Limited (Registered number: 09652340)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





C P Woodward - Director


Pick Holdings Limited (Registered number: 09652340)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pick Holdings Limited 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.

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.

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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Pick Holdings Limited (Registered number: 09652340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 2,727
DEPRECIATION
At 1 April 2023 1,684
Charge for year 261
At 31 March 2024 1,945
NET BOOK VALUE
At 31 March 2024 782
At 31 March 2023 1,043

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 116,000
NET BOOK VALUE
At 31 March 2024 116,000
At 31 March 2023 116,000

6. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 13,310

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors, Mr and Mrs Woodward, introduced funds to and withdrew funds from the company by way of a director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the directors £53,009 (2023: £48,540) and this amount is included in creditors.

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors', Mr and Mrs Woodward, by virtue of their majority holding of the issued share capital