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Pet Mate Holdco Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 January 2024

Registration number: 12286015

 

Pet Mate Holdco Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Pet Mate Holdco Limited

Balance Sheet

31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

-

20,000

Current assets

 

Debtors

5

-

75,000

Creditors: Amounts falling due within one year

6

(1,000)

(1,000)

Net current (liabilities)/assets

 

(1,000)

74,000

Net (liabilities)/assets

 

(1,000)

94,000

Capital and reserves

 

Called up share capital

7

95,000

95,000

Profit and loss account

(96,000)

(1,000)

Shareholders' (deficit)/funds

 

(1,000)

94,000

 

Pet Mate Holdco Limited

Balance Sheet

31 January 2024

For the financial year ending 31 January 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 January 2025
 

.........................................
J E Carr
Director

Company Registration Number: 12286015

 

Pet Mate Holdco Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lyon Road
Hersham
Surrey
KT12 3PU
United Kingdom

These financial statements were authorised for issue by the director on 29 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

After the year end the directors made the decision to liquidate Pet Mate Holdco Limited, and therefore the Company is not a going concern. Accordingly, the directors prepare the financial statement on an alternative basis. As a result of this change in basis, all assets and liabilities have been reviewed and stated at their net realisable value. This has not resulted in any changes.

 

Pet Mate Holdco Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2024

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Series B2 Loan Notes

-

20,000

The Company has made a provision against the Series B2 Loan Notes on the basis that the timing and amount of receipts in respect of this balance are uncertain. This has been charged to the profit and loss as an exceptional item.

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Pet Mate Holdco Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Pet Mate Midco Limited

Suite C
Second Floor
Marlborough House
68 High Street
Weybridge
England
KT13 8BL

Ordinary

100%

100%

Pet Mate Finance Limited*

Suite C
Second Floor
Marlborough House
68 High Street
Weybridge
England
KT13 8BL

Ordinary

100%

100%

Pet Mate Limited*

Suite C
Second Floor
Marlborough House
68 High Street
Weybridge
England
KT13 8BL

Ordinary

100%

100%

Subsidiary undertakings

Pet Mate Midco Limited

The principal activity of Pet Mate Midco Limited is that of an intermediate holding company.

Pet Mate Finance Limited*

The principal activity of Pet Mate Finance Limited* is that of an intermediate holding company.

Pet Mate Limited*

The principal activity of Pet Mate Limited* is the sale of pet accessories.

* Held indirectly via Pet Mate Midco Limited or Pet Mate Finance Limited.

5

Debtors

 

Pet Mate Holdco Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2024

2024
£

2023
£

Amounts owed by group undertakings

-

75,000

 

-

75,000

The Company has provided against intercompany debtors on the basis that the timing and amount of receipts in respect to the debtor balances are uncertain. This has been charged to the profit and loss as an exceptional item.

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,000

1,000

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

A Ordinary Shares of £0.01 each

6,500,000

65,000

6,500,000

65,000

B Ordinary Shares of £0.01 each

2,000,000

20,000

2,000,000

20,000

C Ordinary Shares of £0.01 each

1,000,000

10,000

1,000,000

10,000

 

9,500,000

95,000

9,500,000

95,000

8

Non adjusting events after the financial period

Since the balance sheet date, debt within the Pet Mate Group has been re-structured. As part of this re-structure, the company has disposed of its investment in Pet Mate Midco Limited for consideration of £1.