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REGISTERED NUMBER: 04966841 (England and Wales)
















Financial Statements for the Year Ended 30 September 2024

for

Packexe (Holdings) Limited

Packexe (Holdings) Limited (Registered number: 04966841)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Packexe (Holdings) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A H Orchard





REGISTERED OFFICE: Marsh Green Road North
Marsh Barton Industrial Estate
Exeter
Devon
EX2 8NY





REGISTERED NUMBER: 04966841 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

Packexe (Holdings) Limited (Registered number: 04966841)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,085,589 -
Investments 5 927,111 927,111
3,012,700 927,111

CURRENT ASSETS
Debtors 6 33,120 -
Cash at bank 5,091 8,806
38,211 8,806
CREDITORS
Amounts falling due within one year 7 1,401,488 433,231
NET CURRENT LIABILITIES (1,363,277 ) (424,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,649,423

502,686

CREDITORS
Amounts falling due after more than one
year

8

1,193,127

-
NET ASSETS 456,296 502,686

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 452,750 452,750
Retained earnings 2,546 48,936
SHAREHOLDERS' FUNDS 456,296 502,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Packexe (Holdings) Limited (Registered number: 04966841)

Balance Sheet - continued
30 September 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 director and authorised for issue on 19 February 2025 and were signed by:





A H Orchard - Director


Packexe (Holdings) Limited (Registered number: 04966841)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Packexe (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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 2,085,589
At 30 September 2024 2,085,589
NET BOOK VALUE
At 30 September 2024 2,085,589

Packexe (Holdings) Limited (Registered number: 04966841)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 927,111
NET BOOK VALUE
At 30 September 2024 927,111
At 30 September 2023 927,111

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 33,120 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 95,696 -
Trade creditors 81 -
Amounts owed to group undertakings 1,299,555 427,076
Taxation and social security 5,156 5,155
Other creditors 1,000 1,000
1,401,488 433,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 1,193,127 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 732,494 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 1,288,823 -

10. CONTINGENT LIABILITIES

The company has a cross guarantee with Packexe Limited given to the bank in respect of their borrowings.

Packexe (Holdings) Limited (Registered number: 04966841)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. RELATED PARTY DISCLOSURES

At the balance sheet date the amount due to Packexe Limited was £1,299,555 (2023: £427,076).

During the year Packexe Limited transferred its Long leasehold property to Packexe Holdings Limited at its Net Book Value.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A H Orchard.