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REGISTERED NUMBER: 08524527 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

PESA Corporate Holdings Limited

PESA Corporate Holdings Limited (Registered number: 08524527)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PESA Corporate Holdings Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr J M A Pateman
Mrs C A P Pateman
Dr C J Pateman
Mrs S J Pateman





REGISTERED OFFICE: Perserverance Works
Gibbet Street
Halifax
West Yorkshire
HX1 4DB





REGISTERED NUMBER: 08524527 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

PESA Corporate Holdings Limited (Registered number: 08524527)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,089,780 2,089,780

CURRENT ASSETS
Debtors 5 7,202 44,278
Cash at bank 63,887 21,529
71,089 65,807
CREDITORS
Amounts falling due within one year 6 501,090 462,023
NET CURRENT LIABILITIES (430,001 ) (396,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,659,779

1,693,564

CREDITORS
Amounts falling due after more than one
year

7

(1,508,328

)

(1,558,864

)

PROVISIONS FOR LIABILITIES (1,825 ) (1,387 )
NET ASSETS 149,626 133,313

CAPITAL AND RESERVES
Called up share capital 100 100
Undistributable reserve 10 35,137 35,575
Retained earnings 10 114,389 97,638
SHAREHOLDERS' FUNDS 149,626 133,313

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PESA Corporate Holdings Limited (Registered number: 08524527)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 13 December 2024 and were signed on its behalf by:




Mr J M A Pateman - Director



Mrs C A P Pateman - Director


PESA Corporate Holdings Limited (Registered number: 08524527)

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

1. STATUTORY INFORMATION

PESA Corporate 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

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.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
No depreciation is provided on investment properties as a result of FRS 102 section 16, this represents a departure from the requirements of the Companies Act. The directors have concluded that the financial statements present fairly the company's financial position and financial performance and complies with applicable legislation, except for the departure above.

3. EMPLOYEES AND DIRECTORS

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

PESA Corporate Holdings Limited (Registered number: 08524527)

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

4. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 August 2023
and 31 July 2024 2,089,780
NET BOOK VALUE
At 31 July 2024 2,089,780
At 31 July 2023 2,089,780

The directors have assessed the fair value of the investment property and valuation has been made on an open market basis by reference to similar properties in the area.
The original cost of all investment property amounts to £2,052,818 (2023 - £2,052,818). The directors are satisfied with the valuation of the investment property.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Trade debtors 6,250 43,326
Other debtors 952 952
7,202 44,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Bank loans and overdrafts (see note 8) 48,839 48,839
Amounts owed to associates 346,120 361,663
Tax 3,929 5,293
Directors' loan accounts 100,189 39,902
Accruals and deferred income - 5,000
Accrued expenses 2,013 1,326
501,090 462,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£ £
Bank loans (see note 8) 1,508,328 1,558,864

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,312,972 1,363,508

PESA Corporate Holdings Limited (Registered number: 08524527)

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

8. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£ £
Amounts falling due within one year or on demand:
Bank loans 48,839 48,839

Amounts falling due between one and two years:
Bank loans - 1-2 years 48,839 48,839

Amounts falling due between two and five years:
Bank loans - 2-5 years 146,517 146,517

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,312,972 1,363,508

9. SECURED DEBTS

NatWest Bank Plc hold the following:

Debenture including Fixed Charge over all present and future freehold and leasehold property: First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future: and First Floating Charge over all assets and undertaking both present and future.

10. RESERVES
Retained Undistributable
earnings reserve Totals
£ £ £

At 1 August 2023 97,638 35,575 133,213
Profit for the year 16,313 16,313
Transfer between reserves 438 (438 ) -
At 31 July 2024 114,389 35,137 149,526

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a loan from the directors of £100,189 (2023: £39,902). The loan in interest free and is payable on demand.