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Registered number: 12170985









PL HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
PL HOLDINGS LIMITED
REGISTERED NUMBER: 12170985

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Investments
 5 
100
100

Current assets
  

Debtors: amounts falling due within one year
 6 
314,696
192,343

Cash at bank and in hand
 7 
154,856
57,141

  
469,552
249,484

Creditors: amounts falling due within one year
 8 
(27,960)
(5,480)

Net current assets
  
 
 
441,592
 
 
244,004

Net assets
  
441,692
244,104


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
441,592
244,004

  
441,692
244,104


Page 1

 
PL HOLDINGS LIMITED
REGISTERED NUMBER: 12170985
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 February 2025.




J Lambert
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

PL Holdings Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, United Kingdom, UB8 2FX.
The company is a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. The financial statements therefore presents information about the company as an individual undertaking and not about its group. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have taken consideration of the impact of inflationary pressures on the business and the withdrawal of the United Kingdom from the European Union. The directors note that the company  has sufficient working capital and other finance available, including support from its subsidiary company,  to continue trading for a period of not less than 12 months from the date of signing these financial statements. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

 
2.3

Interest income

Interest income is recognised in Statement of comprehensive income using the effective interest method.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
PL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Directors' remuneration

During the year, no remuneration was paid to the directors (2023 - £Nil).


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost and net book value


At 1 September 2023
100



At 31 August 2024
100




Page 4

 
PL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
314,696
192,343

314,696
192,343



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
154,856
57,141

154,856
57,141



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8
-

Other taxation and social security
170
170

Other creditors
26,352
4,000

Accruals and deferred income
1,430
1,310

27,960
5,480


Page 5

 
PL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



45 Ordinary A shares of £1 each
45
45
45 Ordinary B shares of £1 each
45
45
10 Ordinary C shares of £1 each
10
10

100

100

The Ordinary "A" £1 shares, Ordinary "B" £1 shares and Ordinary "C" £1 shares are separate classes of shares for the purpose of dividend payments. The declaration of a dividend in respect of one class of share shall not compel a dividend at the same rate to be declared in respect of any other class of shares. The Ordinary "A", Ordinary "B" and Ordinary "C" shares rank pari passu in all other respects.


10.


Related party transactions

Included within amounts owed by group undertakings is an amount of £314,696 (2023 - £192,343) due from Steel & Glass Solutions Limited, a wholly owned subsidiary company.
 
Included within other creditors is an amount of £26,352 (2023 - £4,000) due to the directors and shareholders of the company.


11.


Controlling party

The company is under the control of J Lambert and W Few due to their significant shareholdings.

 
Page 6