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REGISTERED NUMBER: 14956301 (England and Wales)

















Unaudited Financial Statements

for the Period 23 June 2023 to 30 June 2024

for

Petworth Holdings Limited

Petworth Holdings Limited (Registered number: 14956301)






Contents of the Financial Statements
for the Period 23 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Petworth Holdings Limited

Company Information
for the Period 23 June 2023 to 30 June 2024







DIRECTORS: Mr D Steer
Mr G Steer





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT





REGISTERED NUMBER: 14956301 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Petworth Holdings Limited (Registered number: 14956301)

Balance Sheet
30 June 2024

Notes £   
CURRENT ASSETS
Stocks 2,130,902
Debtors 3 2,885
2,133,787
CREDITORS
Amounts falling due within one year 4 (2,133,786 )
NET CURRENT ASSETS 1
TOTAL ASSETS LESS CURRENT LIABILITIES 1

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (1 )
1

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

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 21 March 2025 and were signed on its behalf by:




Mr G Steer - Director



Mr D Steer - Director


Petworth Holdings Limited (Registered number: 14956301)

Notes to the Financial Statements
for the Period 23 June 2023 to 30 June 2024

1. 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,885

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 1,364,011
Other creditors 769,775
2,133,786

Petworth Holdings Limited (Registered number: 14956301)

Notes to the Financial Statements - continued
for the Period 23 June 2023 to 30 June 2024

5. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 1,364,000

The banks loans are secured on property owned by the company.

6. RELATED PARTY DISCLOSURES

At the year end, Petworth Holdings Limited owed £304,040 to Lavant Investments Limited, a company under the control of Mr D Steer & Mr G Steer who also exercise control over Petworth Holdings Limited.

Furthermore, Petworth Holdings Limited owed £84,050 to Monza Investments Limited, a company under the control of Mr D Steer who also exercises control over Petworth Holdings Limited.