Registered number
03066200
PYW INVESTMENTS LIMITED
Unaudited Filleted Accounts
30 September 2024
PYW INVESTMENTS LIMITED
Registered number: 03066200
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 569 384
Investments 4 1 3
570 387
Current assets
Debtors 5 1,679,999 1,692,335
Investments held as current assets 6 2,000,000 2,600,000
Cash at bank and in hand 82,384 60,822
3,762,383 4,353,157
Creditors: amounts falling due within one year 7 (4,300,553) (4,252,599)
Net current (liabilities)/assets (538,170) 100,558
Net (liabilities)/assets (537,600) 100,945
Capital and reserves
Called up share capital 2 2
Profit and loss account (537,602) 100,943
Shareholder's funds (537,600) 100,945
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P D Walters
Director
Approved by the board on 14 March 2025
PYW INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is income from investments and includes interest receivable on loan stock and dividend income from investments in subsidiaries and other investments.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value of each asset evenly over its expected useful life, as follows:
Plant and machinery 25%
Fixtures, fittings, tools and equipment 25%
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 13,364
Additions 760
At 30 September 2024 14,124
Depreciation
At 1 October 2023 12,980
Charge for the year 575
At 30 September 2024 13,555
Net book value
At 30 September 2024 569
At 30 September 2023 384
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 3
Disposals (2)
At 30 September 2024 1
The company holds 20% or more of the share capital of the following companies:
Company Shares held
Class %
Wintervest Capital Limited Ordinary 33%
Wintervest Capital Limited is an investment company and incorporated in England and Wales.
5 Debtors 2024 2023
£ £
Other debtors 1,679,999 1,692,335
Amounts due after more than one year included above 1,630,000 1,630,000
6 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 2,000,000 2,600,000
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments (600,000) -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 350,000
Other creditors 4,300,553 3,902,599
4,300,553 4,252,599
8 Controlling party
The company is controlled by P D Walters who owns 100% of the issued share capital.
9 Other information
PYW INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Cheriton
Farnham Lane
Haslemere
Surrey
GU27 1HD
The company's business address is 4th Floor, Pegasus House, 37-43 Sackville Street, London W1S 3EH
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