REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
PGW Holdings Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
PGW Holdings Limited |
PGW Holdings Limited (Registered number: 09919347) |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PGW Holdings Limited |
Company Information |
for the Year Ended 31 August 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Abacus House |
Pennine Business Park |
Longbow Close |
Huddersfield |
West Yorkshire |
HD2 1GQ |
PGW Holdings Limited (Registered number: 09919347) |
Balance Sheet |
31 August 2024 |
31.8.24 | 31.8.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
PGW Holdings Limited (Registered number: 09919347) |
Balance Sheet - continued |
31 August 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
PGW Holdings Limited (Registered number: 09919347) |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
PGW Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
PGW Holdings Limited (Registered number: 09919347) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Other debtors |
Directors' loan accounts | - | 38,494 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Other loans (see note 8) |
Amounts owed to associates | 424,119 | 447,345 |
Directors' loan accounts | 135,461 | 96,401 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Other loans (see note 8) |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31.8.24 | 31.8.23 |
£ | £ |
Amounts falling due within one year or on demand: |
Other loans |
Amounts falling due between one and two years: |
Other loans - 1-2 years | - |
PGW Holdings Limited (Registered number: 09919347) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023: |
31.8.24 | 31.8.23 |
£ | £ |
Director 1 |
Balance outstanding at start of year | 37,998 | 37,614 |
Amounts advanced | 41,200 | 38,084 |
Amounts repaid | (85,860 | ) | (37,700 | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | - | 37,998 |
Included in creditors: amount falling due within one year is a loan from the directors of £6,662 (2023 - £nil). The loan is interest free with no fixed date for repayment |
Director 2 |
Included in creditors: amount falling due within one year is a loan from the directors of £92,758 (2023 - £96,401). The loan is interest free with no fixed date for repayment. |
31.8.24 | 31.8.23 |
£ | £ |
Director 3 |
Balance outstanding at start of year | 496 | 9,574 |
Amounts advanced | 22,400 | 28,622 |
Amounts repaid | (70,937 | ) | (37,700 | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | - | 496 |
Included in creditors: amount falling due within one year is a loan from the directors of £48,041 (2023 - £nil). The loan is interest free with no fixed date for repayment. |
10. | RELATED PARTY DISCLOSURES |
Acorn Lighting Services Limited |
A company 92.50% owned by PGW Holdings Limited. |
At the balance sheet date PGW Holdings Limited owed £422,866 (2023 - £446,800) to Acorn Lighting Services Limited. |
Acorn Festive Lights Limited |
A company with the same directors as PGW Holdings Limited. |
At the balance sheet date the PGW Holdings Limited owed £1,253 (2023 - £545) to Acorn Festive Lights Limited. |
11. | ULTIMATE CONTROLLING PARTY |
The company is controlled by its directors. |