IRIS Accounts Production v24.3.2.46 06813395 Board of Directors 31.7.24 1.8.23 31.7.24 31.7.24 The group has multiple trading activities which includes: ++ The principal activity of the Bargain Booze companies is to be a leading retailer providing alcohol, confectionery and everyday essentials at competitive prices. ++ The principal activity of the £1 Baguettes & Pies companies during the year was the retail of food. ++ The principal activity of the Ivape companies during the year was the retail of e-cigs and accessories. true true false true true false false false true false Fair value model Ordinary A Shares 0 Ordinary B Shares 0 Ordinary C Shares 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068133952023-07-31068133952024-07-31068133952023-08-012024-07-31068133952022-07-31068133952022-08-012023-07-31068133952023-07-3106813395ns15:EnglandWales2023-08-012024-07-3106813395ns14:PoundSterling2023-08-012024-07-3106813395ns10:Director12023-08-012024-07-3106813395ns10:Consolidated2024-07-3106813395ns10:ConsolidatedGroupCompanyAccounts2023-08-012024-07-3106813395ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3106813395ns10:Consolidatedns10:FRS1022023-08-012024-07-3106813395ns10:Consolidatedns10:Audited2023-08-012024-07-3106813395ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-08-012024-07-3106813395ns10:LargeMedium-sizedCompaniesRegimeForAccounts2023-08-012024-07-3106813395ns10:Consolidatedns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-08-012024-07-3106813395ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Consolidated2023-08-012024-07-3106813395ns10:FullAccounts2023-08-012024-07-310681339512023-08-012024-07-3106813395ns10:OrdinaryShareClass12023-08-012024-07-3106813395ns10:OrdinaryShareClass22023-08-012024-07-3106813395ns10:OrdinaryShareClass32023-08-012024-07-3106813395ns10:Consolidated2023-08-012024-07-3106813395ns10:Director22023-08-012024-07-3106813395ns10:Director32023-08-012024-07-3106813395ns10:CompanySecretary12023-08-012024-07-3106813395ns10:RegisteredOffice2023-08-012024-07-3106813395ns10:Consolidated2022-08-012023-07-3106813395ns5:CurrentFinancialInstruments2024-07-3106813395ns5:CurrentFinancialInstruments2023-07-3106813395ns5:Non-currentFinancialInstruments2024-07-3106813395ns5:Non-currentFinancialInstruments2023-07-3106813395ns5:ShareCapital2024-07-3106813395ns5:ShareCapital2023-07-3106813395ns5:RevaluationReserve2024-07-3106813395ns5:RevaluationReserve2023-07-3106813395ns5:CapitalRedemptionReserve2024-07-3106813395ns5:CapitalRedemptionReserve2023-07-3106813395ns5:RetainedEarningsAccumulatedLosses2024-07-3106813395ns5:RetainedEarningsAccumulatedLosses2023-07-3106813395ns5:ShareCapital2022-07-3106813395ns5:RetainedEarningsAccumulatedLosses2022-07-3106813395ns5:RevaluationReserve2022-07-3106813395ns5:CapitalRedemptionReserve2022-07-3106813395ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-3106813395ns5:RevaluationReserve2022-08-012023-07-3106813395ns5:CapitalRedemptionReserve2022-08-012023-07-3106813395ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-3106813395ns5:RevaluationReserve2023-08-012024-07-3106813395ns5:CapitalRedemptionReserve2023-08-012024-07-3106813395ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3106813395ns5:FurnitureFittings2023-07-3106813395ns5:FurnitureFittings2023-08-012024-07-3106813395ns5:FurnitureFittings2024-07-3106813395ns5:FurnitureFittings2023-07-3106813395ns5:CostValuation2023-07-3106813395ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3106813395ns5:CostValuation2024-07-3106813395ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3106813395ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3106813395ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-07-3106813395ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3106813395ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3106813395ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3106813395ns5:Secured2024-07-3106813395ns5:Secured2023-07-3106813395ns5:AcceleratedTaxDepreciationDeferredTax2024-07-3106813395ns5:AcceleratedTaxDepreciationDeferredTax2023-07-3106813395ns5:DeferredTaxation2023-07-3106813395ns5:DeferredTaxation2023-08-012024-07-3106813395ns5:DeferredTaxation2024-07-3106813395ns10:OrdinaryShareClass12024-07-3106813395ns10:OrdinaryShareClass22024-07-3106813395ns10:OrdinaryShareClass32024-07-31
REGISTERED NUMBER: 06813395 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PM & HP HOLDINGS LIMITED

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Group Strategic Report 2 to 3

Report of the Directors 4 to 5

Report of the Independent Auditors 6 to 9

Consolidated Statement of Comprehensive Income 10

Consolidated Statement of Financial Position 11

Company Statement of Financial Position 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Statement of Cash Flows 15

Notes to the Consolidated Statement of Cash Flows 16 to 17

Notes to the Consolidated Financial Statements 18 to 32


PM & HP HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr P Mason
Mrs N Mason
Mrs P Mason



SECRETARY: Mr P Mason



REGISTERED OFFICE: C/o Grindco 427 Ltd
Unit 62 Longton Exchange
Longton
Stoke on Trent
Staffordshire
ST3 2JA



BUSINESS ADDRESS: Unit 62
Longton Exchange
Longton
Stoke on Trent
Staffordshire
ST3 2JA



REGISTERED NUMBER: 06813395 (England and Wales)



AUDITORS: Sumer Auditco Limited
Chartered Accountants & Statutory Auditors
Stone House
Stone Road Business Park
Stoke-on-Trent
ST4 6SR



BANKERS: Natwest Bank PLC
1 Upper Market Square
Hanley
Stoke on Trent
ST1 1QA

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2024


The directors present their strategic report of the company and the group for the year ended 31 July 2024.

The group has multiple trading activities which includes:

o Retail outlets providing alcohol, confectionery and everyday essentials at competitive prices.

o Take away food outlets

o Wholesale companies selling e-cigarettes and accessories.

REVIEW OF BUSINESS
The group is made up of 6 retail outlets. 2 take away food outlets and a wholesale company. The main operation of the group is to supply confectionery, smoking accessories and vaping products across various fast-moving consumer goods categories to other retail outlets.

The convenience and vaping market continued to be very competitive with numerous new facias and wholesalers entering the market during the year. During the year, the group saw increases in costs on all sides of the business making it a tough time to trade as a retailer with the current market and economic issues. Consumers are seeing an increase in all cost categories and this challenging market is noted throughout the convenience market. However, even with these challenging market conditions the group has increased profit margins through growth and retained a solid customer base within the wholesale sector.

We attempt to keep costs down by purchasing competitively to hold our market share in the retail and wholesale sector and where we are able we have passed this saving onto consumers. As a business, we have put a lot of time and resources into customer retention as well as various marketing offers to acquire new customer. This has been successful and the group has traded satisfactory in the year ended 31 July 2024.

During the trading period ending 31 July 2024, we are satisfied with the business performance in the current trading conditions achieving turnover of £15.1m (2023: £11.8m) which is a 28% increase on 31July 2023. The group also achieved an increase in operating profit margin from 3.97% to 4.36% year on year.


PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2024

PRINCIPAL RISKS AND UNCERTAINTIES

Changes in legislation

Currently in the disposable vaping market there are various changes in government legislation and, as a result of this we may have to sell older stock items at a loss to retain custom in preparation for the new rules and regulations. We may also have stock items which are no longer saleable and as a result we may see impairments of our stock holdings. This level of trade and stock adjustments will be necessary to ensure the continued trade of the group for the foreseeable future and maintain the group's wholesale market share. We do not foresee this causing a major issue with going concern and are confident that the company can trade at similar levels to 31 July 2024.

Financial risk management

Credit risk is addressed by carrying out regular checks of our customers with a reputable credit risk agency. We also constantly review processes to minimise exposure to cybercrime risk.

ON BEHALF OF THE BOARD:




Mr P Mason - Director


16 April 2025

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2024


The directors present their report with the financial statements of the company and the group for the year ended 31 July 2024.

DIVIDENDS
The total distribution of interim dividends for the year ended 31 July 2024 was £194,180. The directors recommend that no final dividend be paid.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

Mr P Mason
Mrs N Mason
Mrs P Mason

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2024


AUDITORS
The auditors are deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

ON BEHALF OF THE BOARD:



Mr P Mason - Director


16 April 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PM & HP HOLDINGS LIMITED


Opinion
We have audited the financial statements of PM & HP HOLDINGS LIMITED (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 July 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PM & HP HOLDINGS LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PM & HP HOLDINGS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

o the nature of the industry and sector, control environment and business performance including the
design of the group remuneration policies, key drivers for directors' remuneration, bonus levels and
performance targets;
o results of our enquiries of management about their own identification and assessment of the risks of
irregularities;
o any matters we identified having obtained and reviewed the group's documentation of their policies and
procedures relating to:


-
Identifying, evaluating and complying with laws and regulations and whether they were aware of
any instances of noncompliance;


-
detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud;


-
the internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations;
o the matters discussed among the audit engagement team regarding how and where fraud might occur
in the financial statements and any potential indicators of fraud.

Based on this approach, we were able to assess the company risks and ensure the risks were considered throughout all areas of audit testing across all group companies. The audit team was professionally sceptical throughout the audit and remained alert for inaccurate or misleading information.

Audit response to risks identified
As a result of performing the above, we identified management override, compliance with the Licensing Act 2003, food safety compliance and health and safety compliance risk as key audit matters related to the potential risk of fraud or irregularities. Our procedures to respond to risks identified included the following:

o reviewing any audits completed by regulatory bodies in the year and the outcomes of these to
ensureno breach of laws and regulations;
o reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financial statements;
o enquiring of management concerning actual and potential litigation and claims;
o performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud;
o obtaining an understanding of provisions and held discussions with management to understand the
basis of recognition or non-recognition of tax provisions; and
o in addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments; assessing whether the judgements made in making accounting
estimates are indicative of a potential bias; and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
PM & HP HOLDINGS LIMITED

Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Report of the Auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express and opinion on the consolidated financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Michelle Coates (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited
Chartered Accountants & Statutory Auditors
Stone House
Stone Road Business Park
Stoke-on-Trent
ST4 6SR

17 April 2025

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2024

31.7.24 31.7.23
Notes £    £   

TURNOVER 15,133,831 11,803,672

Cost of sales (12,887,266 ) (9,975,561 )
GROSS PROFIT 2,246,565 1,828,111

Administrative expenses (1,586,063 ) (1,359,179 )
OPERATING PROFIT 4 660,502 468,932

Interest receivable and similar income 19 -
660,521 468,932

Interest payable and similar expenses 6 (23,290 ) (18,847 )
PROFIT BEFORE TAXATION 637,231 450,085

Tax on profit 7 (159,694 ) (110,410 )
PROFIT FOR THE FINANCIAL YEAR 477,537 339,675

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

477,537

339,675

Profit attributable to:
Owners of the parent 408,341 325,688
Non-controlling interests 69,196 13,987
477,537 339,675

Total comprehensive income attributable to:
Owners of the parent 408,341 340,688
Non-controlling interests 69,196 (1,013 )
477,537 339,675

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 10 1,058 2,115
Tangible assets 11 345,854 364,811
Investments 12 - -
Investment property 13 - -
346,912 366,926

CURRENT ASSETS
Stocks 14 1,287,021 841,793
Debtors 15 921,711 687,584
Cash at bank and in hand 214,607 132,087
2,423,339 1,661,464
CREDITORS
Amounts falling due within one year 16 (1,148,367 ) (655,671 )
NET CURRENT ASSETS 1,274,972 1,005,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,621,884

1,372,719

CREDITORS
Amounts falling due after more than one
year

17

(114,547

)

(143,991

)

PROVISIONS FOR LIABILITIES 21 (43,942 ) (48,680 )
NET ASSETS 1,463,395 1,180,048

CAPITAL AND RESERVES
Called up share capital 22 232 232
Non distributable reserve 32,485 32,485
Capital redemption reserve 164 164
Retained earnings 1,348,792 1,134,631
SHAREHOLDERS' FUNDS 1,381,673 1,167,512

NON-CONTROLLING INTERESTS 81,722 12,536
TOTAL EQUITY 1,463,395 1,180,048

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:




Mr P Mason - Director


PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

COMPANY STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 3,459 4,176
Investments 12 16,170 16,270
Investment property 13 215,000 215,000
234,629 235,446

CURRENT ASSETS
Debtors 15 1,027,017 1,380,458

CREDITORS
Amounts falling due within one year 16 (334,699 ) (182,472 )
NET CURRENT ASSETS 692,318 1,197,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

926,947

1,433,432

CREDITORS
Amounts falling due after more than one
year

17

(104,686

)

(123,887

)

PROVISIONS FOR LIABILITIES 21 (11,693 ) (11,872 )
NET ASSETS 810,568 1,297,673

CAPITAL AND RESERVES
Called up share capital 22 232 232
Non distributable reserve 32,485 32,485
Capital redemption reserve 164 164
Retained earnings 777,687 1,264,792
SHAREHOLDERS' FUNDS 810,568 1,297,673

Company's (loss)/profit for the financial
year

(292,925

)

433,045

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





Mr P Mason - Director


PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024

Called up Non
share Retained distributable
capital earnings reserve
£    £    £   
Balance at 1 August 2022 232 989,646 29,832

Changes in equity
Dividends - (178,050 ) -
Total comprehensive income - 325,688 -
Investment property fair value
adjustment

-

(2,653

)

2,653
Balance at 31 July 2023 232 1,134,631 32,485

Changes in equity
Dividends - (194,180 ) -
Total comprehensive income - 408,341 -
Balance at 31 July 2024 232 1,348,792 32,485
Capital
redemption Non-controlling Total
reserve Total interests equity
£    £    £    £   
Balance at 1 August 2022 164 1,019,874 13,549 1,033,423

Changes in equity
Dividends - (178,050 ) - (178,050 )
Total comprehensive income - 325,688 (1,013 ) 324,675
Balance at 31 July 2023 164 1,167,512 12,536 1,180,048

Changes in equity
Dividends - (194,180 ) - (194,180 )
Total comprehensive income - 408,341 69,196 477,537
Balance at 31 July 2024 164 1,381,673 81,732 1,463,405

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2024

Called up Non Capital
share Retained distributable redemption Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 August 2022 232 1,012,450 29,832 164 1,042,678

Changes in equity
Dividends - (178,050 ) - - (178,050 )
Total comprehensive income - 433,045 - - 433,045
Investment property fair value
adjustment

-

(2,653

)

2,653

-

-
Balance at 31 July 2023 232 1,264,792 32,485 164 1,297,673

Changes in equity
Dividends - (194,180 ) - - (194,180 )
Total comprehensive income - (292,925 ) - - (292,925 )
Balance at 31 July 2024 232 777,687 32,485 164 810,568

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024

31.7.24 31.7.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 513,142 16,198
Interest paid (22,531 ) (17,980 )
Interest element of hire purchase
payments paid

(759

)

(867

)
Tax paid (143,610 ) (29,566 )
Net cash from operating activities 346,242 (32,215 )

Cash flows from investing activities
Purchase of intangible fixed assets - (3,173 )
Purchase of tangible fixed assets (16,920 ) (16,215 )
Sale of tangible fixed assets 6,667 42,500
Interest received 19 -
Net cash from investing activities (10,234 ) 23,112

Cash flows from financing activities
Loan repayments in year (29,085 ) (28,723 )
Capital repayments in year (669 ) (7,167 )
Amount introduced by directors 212,181 231,425
Amount withdrawn by directors (302,873 ) (247,668 )
Equity dividends paid (194,180 ) (178,050 )
Dividends paid to minority interests - (15,000 )
Net cash from financing activities (314,626 ) (245,183 )

Increase/(decrease) in cash and cash equivalents 21,382 (254,286 )
Cash and cash equivalents at
beginning of year

2

51,044

305,330

Cash and cash equivalents at end of
year

2

72,426

51,044

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.7.24 31.7.23
£    £   
Profit before taxation 637,231 450,085
Depreciation charges 36,935 34,772
Profit on disposal of fixed assets (6,667 ) (6,250 )
Gain on revaluation of fixed assets - (13,777 )
Impairment losses - 10,027
Finance costs 23,290 18,847
Finance income (19 ) -
690,770 493,704
Increase in stocks (445,228 ) (129,983 )
Increase in trade and other debtors (143,445 ) (308,004 )
Increase/(decrease) in trade and other creditors 411,045 (39,519 )
Cash generated from operations 513,142 16,198

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 July 2024
31.7.24 1.8.23
£    £   
Cash and cash equivalents 214,607 132,087
Bank overdrafts (142,181 ) (81,043 )
72,426 51,044
Year ended 31 July 2023
31.7.23 1.8.22
£    £   
Cash and cash equivalents 132,087 305,330
Bank overdrafts (81,043 ) -
51,044 305,330


PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.8.23 Cash flow At 31.7.24
£    £    £   
Net cash
Cash at bank and in hand 132,087 82,520 214,607
Bank overdrafts (81,043 ) (61,138 ) (142,181 )
51,044 21,382 72,426
Debt
Finance leases (1,194 ) 669 (525 )
Debts falling due within 1 year (28,724 ) (360 ) (29,084 )
Debts falling due after 1 year (143,991 ) 29,444 (114,547 )
(173,909 ) 29,753 (144,156 )
Total (122,865 ) 51,135 (71,730 )

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

PM & HP 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 General Information page.

The principal activity of the company during the year is that of a holding company. The company also holds some investment property that is used within the trading group.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of PM & HP Holdings Limited which can be obtained from C/O Grindco 427 Ltd, Unit 62 Longton Exchange, Longton, Stoke on Trent, Staffordshire, ST3 2JA. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.

BASIS OF CONSOLIDATION
The consolidated financial statements incorporate the financial statements of the company and all group undertakings. These are adjusted, where appropriate, to conform to group accounting policies. Acquisitions are accounted for under the acquisition method and goodwill on consolidation is capitalised and written off over twenty years from the year of acquisition. The results of companies acquired or disposed of are included in the profit and loss account after or up to the date that control passes respectively. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Valuation of investment property and freehold property
As described in the notes to the financial statements, the directors believe, based on their assessment of the market, the investment property and freehold property to be stated at fair value as at 31 July 2024.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold-10% straight line over the life of the lease
Fixtures and fittings-25% reducing balance and 10% straight line
Motor vehicles-25% straight line and 25% reducing balance
Computer equipment-10% straight line

No depreciation has been charged on freehold property and investment property as the directors are of the opinion that the residual value is not materially different to the fair value.

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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 statement of financial position date.


PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

EMPLOYEE BENEFITS
The group provides a range of benefits to employees.

Short term benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS
31.7.24 31.7.23
£    £   
Wages and salaries 930,723 772,190
Social security costs 50,885 38,795
Other pension costs 13,709 9,909
995,317 820,894

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.7.24 31.7.23

Staff 65 66

31.7.24 31.7.23
£    £   
Directors' remuneration 25,905 23,589

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.7.24 31.7.23
£    £   
Hire of plant and machinery - 453
Other operating leases 133,537 117,633
Depreciation - owned assets 35,877 33,715
Profit on disposal of fixed assets (6,667 ) (6,250 )
Computer software amortisation 1,057 1,058

5. AUDITORS' REMUNERATION
31.7.24 31.7.23
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

47,000

-

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.7.24 31.7.23
£    £   
Bank interest 11,556 2,890
Bank loan interest 10,048 14,337
Interest on overdue taxation 927 753
Hire purchase interest 759 867
23,290 18,847

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.7.24 31.7.23
£    £   
Current tax:
UK corporation tax 164,432 98,274

Deferred tax (4,738 ) 12,136
Tax on profit 159,694 110,410

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. TAXATION - continued

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.7.24 31.7.23
£    £   
Profit before tax 637,231 450,085
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2023 - 25 %)

159,308

112,521

Effects of:
Expenses not deductible for tax purposes 1,734 9,901
Income not taxable for tax purposes - (3,805 )
Affects of future changes in tax rate (1,348 ) (8,207 )

Total tax charge 159,694 110,410

8. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
31.7.24 31.7.23
£    £   
Ordinary A Shares shares of 1 each
Interim 12,593 62,500
Ordinary B Shares shares of 1 each
Interim 146,000 82,500
Ordinary C Shares shares of 1 each
Interim 35,587 33,050
194,180 178,050

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. INTANGIBLE FIXED ASSETS

Group
Computer
software
£   
COST
At 1 August 2023
and 31 July 2024 3,173
AMORTISATION
At 1 August 2023 1,058
Amortisation for year 1,057
At 31 July 2024 2,115
NET BOOK VALUE
At 31 July 2024 1,058
At 31 July 2023 2,115

11. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Long and
property leasehold fittings
£    £    £   
COST
At 1 August 2023 215,000 19,886 289,346
Additions - - 4,310
Disposals - - -
At 31 July 2024 215,000 19,886 293,656
DEPRECIATION
At 1 August 2023 - 18,148 158,127
Charge for year - 895 28,407
Eliminated on disposal - - -
At 31 July 2024 - 19,043 186,534
NET BOOK VALUE
At 31 July 2024 215,000 843 107,122
At 31 July 2023 215,000 1,738 131,219

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


11. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 55,352 3,978 583,562
Additions 10,650 1,960 16,920
Disposals (23,087 ) - (23,087 )
At 31 July 2024 42,915 5,938 577,395
DEPRECIATION
At 1 August 2023 42,078 398 218,751
Charge for year 5,981 594 35,877
Eliminated on disposal (23,087 ) - (23,087 )
At 31 July 2024 24,972 992 231,541
NET BOOK VALUE
At 31 July 2024 17,943 4,946 345,854
At 31 July 2023 13,274 3,580 364,811

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

31.07.24 31.07.23
£ £
Motor vehicles 7,678 10,237

The directors consider the freehold properties are stated at fair value as at 31 July 2024.

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


11. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
and
fittings
£   
COST
At 1 August 2023 6,882
Additions 363
At 31 July 2024 7,245
DEPRECIATION
At 1 August 2023 2,706
Charge for year 1,080
At 31 July 2024 3,786
NET BOOK VALUE
At 31 July 2024 3,459
At 31 July 2023 4,176

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 August 2023 16,270
Impairments (100 )
At 31 July 2024 16,170
NET BOOK VALUE
At 31 July 2024 16,170
At 31 July 2023 16,270


PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


13. INVESTMENT PROPERTY - continued

13. INVESTMENT PROPERTY
Company
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 215,000
NET BOOK VALUE
At 31 July 2024 215,000
At 31 July 2023 215,000

The directors consider the investment properties are stated at fair value as at 31 July 2024.

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2018 89,946
Valuation in 2020 (60,000 )
Valuation in 2022 5,814
Valuation in 2023 (2,474 )
Cost 181,714
215,000

14. STOCKS

Group
31.7.24 31.7.23
£    £   
Finished goods 1,287,021 841,793

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.7.24 31.7.23 31.7.24 31.7.23
£    £    £    £   
Trade debtors 465,779 185,727 - -
Amounts owed by group undertakings - - 687,953 1,143,932
Other debtors 3,520 138 - -
Social security and other
taxes 683 683 - -
Amounts owed from connected
companies 150,875 130,107 51,098 38,130
Directors' loan accounts 284,872 194,180 284,872 194,180
VAT - - 3,094 4,216
Prepayments and accrued income 15,982 176,749 - -
921,711 687,584 1,027,017 1,380,458

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed by group and connected undertakings are unsecured, interest free, and repayable on demand.

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.7.24 31.7.23 31.7.24 31.7.23
£    £    £    £   
Bank loans and overdrafts (see note 18) 171,265 109,767 161,266 100,012
Hire purchase contracts (see note 19) 525 1,194 - -
Trade creditors 413,293 209,087 1,532 1,532
Amounts owed to group undertakings - - 92,781 45,567
Tax 235,284 214,462 - -
Social security and other taxes 9,249 8,567 - -
VAT 49,098 60,825 - -
Other creditors 3,838 2,154 78 80
Amounts due to connected
companies 35,529 35,729 35,281 35,281
Accruals and deferred income 230,286 13,886 43,761 -
1,148,367 655,671 334,699 182,472

Amounts owed to group and connected undertakings are unsecured, interest free and repayable on demand.

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
31.7.24 31.7.23 31.7.24 31.7.23
£    £    £    £   
Bank loans (see note 18) 114,547 143,991 104,686 123,887

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


18. LOANS

An analysis of the maturity of loans is given below:

Group Company
31.7.24 31.7.23 31.7.24 31.7.23
£    £    £    £   
Amounts falling due within one year or on demand:
Bank overdrafts 142,181 81,043 142,181 81,043
Bank loans 29,084 28,724 19,085 18,969
171,265 109,767 161,266 100,012
Amounts falling due between one and two years:
Bank loans - 1-2 years 28,946 28,724 19,085 18,969
Amounts falling due between two and five years:
Bank loans - 2-5 years 36,155 60,981 36,155 50,632
Amounts falling due in more than five years:
Repayable by instalments
Bank loans payable more than
5 years by instalments 49,446 54,286 49,446 54,286
49,446 54,286 49,446 54,286

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 525 1,194

Group
Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 10,225 10,225
Between one and five years 5,379 15,604
15,604 25,829

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


20. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
31.7.24 31.7.23 31.7.24 31.7.23
£    £    £    £   
Bank overdraft 142,181 81,043 142,181 81,043
Bank loans 143,631 172,715 123,771 142,856
Hire purchase contracts 525 1,194 - -
286,337 254,952 265,952 223,899

A debenture dated 3 April 2009 exists by the way of a fixed and floating charge over the property and assets of the company.

There is a charge in favour of National Westminster Bank Plc dated 28 May 2019 giving a fixed charge over the properties 28 and 30 Tunstall Road, Biddulph.

The bank loans are secured by way of fixed and floating charges over the assets of the company.

There is a third party guarantee dated 15 May 2019 for £291,109.

There is a third party guarantee dated 24 February 2020 for £596,064.

There is an unlimited intercompany guarantee dated 3 June 2010 between PM & HP Holdings Limited and Grindco 427 Limited.

The hire purchase contracts are secured against the related tangible fixed asset.

21. PROVISIONS FOR LIABILITIES

Group Company
31.7.24 31.7.23 31.7.24 31.7.23
£    £    £    £   
Deferred tax
Accelerated capital allowances 43,942 48,680 11,693 11,872

Group
Deferred
tax
£   
Balance at 1 August 2023 48,680
Provided during year (4,738 )
Balance at 31 July 2024 43,942

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


21. PROVISIONS FOR LIABILITIES - continued

Company
Deferred
tax
£   
Balance at 1 August 2023 11,872
Provided during year (179 )
Balance at 31 July 2024 11,693

22. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
208 Ordinary A Shares 1 208 208
12 Ordinary B Shares 1 12 12
12 Ordinary C Shares 1 12 12
232 232

23. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
P Mason
Balance outstanding at start of year 175,093 161,191
Amounts advanced 248,259 229,107
Amounts repaid (158,960 ) (215,205 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 264,392 175,093

P Mason
Balance outstanding at start of year 19,087 16,746
Amounts advanced 19,911 19,141
Amounts repaid (18,518 ) (16,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,480 19,087

The directors had interest free loans during the year. By virtue of the loan accounts, a liability to taxation exists under section 455 CTA 2010 in the sum of £96,144 which will be repaid or discharged
when the loans are repaid. It is anticipated that the loans will be repaid within nine months of the year end and, as such, no provision for the taxation has been made

24. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.

PM & HP HOLDINGS LIMITED (REGISTERED NUMBER: 06813395)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


25. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Mason by virtue of his majority shareholding in the company.