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REGISTERED NUMBER: 09754305 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2024

FOR

PGW CAPITAL LTD

PGW CAPITAL LTD (REGISTERED NUMBER: 09754305)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PGW CAPITAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr J P Kearney
Mrs V K B Kearney





REGISTERED OFFICE: 21 Wellesley Road
Twickenham
Middlesex
TW2 5RR





REGISTERED NUMBER: 09754305 (England and Wales)





ACCOUNTANTS: Workwell People Solutions Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

PGW CAPITAL LTD (REGISTERED NUMBER: 09754305)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 29,091 34,574
Investment property 6 1,291,552 1,341,552
1,320,643 1,376,126

CURRENT ASSETS
Debtors 10,710 10,245
Cash at bank 91,556 73,290
102,266 83,535
CREDITORS
Amounts falling due within one year 740,162 752,415
NET CURRENT LIABILITIES (637,896 ) (668,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

682,747

707,246

CREDITORS
Amounts falling due after more than one year (12,481 ) (24,002 )

PROVISIONS FOR LIABILITIES (25,835 ) (35,335 )
NET ASSETS 644,431 647,909

PGW CAPITAL LTD (REGISTERED NUMBER: 09754305)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 7 110 110
Fair value reserve 40,500 87,444
Retained earnings 603,821 560,355
SHAREHOLDERS' FUNDS 644,431 647,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 May 2025 and were signed on its behalf by:





Mr J P Kearney - Director


PGW CAPITAL LTD (REGISTERED NUMBER: 09754305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

PGW CAPITAL LTD 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor Vehicle - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

PGW CAPITAL LTD (REGISTERED NUMBER: 09754305)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 113,577
Additions 6,665
Disposals (14,836 )
At 31 August 2024 105,406
DEPRECIATION
At 1 September 2023 79,003
Charge for year 12,148
Eliminated on disposal (14,836 )
At 31 August 2024 76,315
NET BOOK VALUE
At 31 August 2024 29,091
At 31 August 2023 34,574

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,341,552
Revaluations (50,000 )
At 31 August 2024 1,291,552
NET BOOK VALUE
At 31 August 2024 1,291,552
At 31 August 2023 1,341,552

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 33,264
Valuation in 2022 (51,826 )
Valuation in 2023 141,342
Valuation in 2024 (50,000 )
Cost 1,218,772
1,291,552

PGW CAPITAL LTD (REGISTERED NUMBER: 09754305)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1,000 Ordinary A £0.01 10 10
110 110

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr J P Kearney
Balance outstanding at start of year (725,418 ) (527,930 )
Amounts advanced 172,154 23,500
Amounts repaid (145,680 ) (220,988 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (698,944 ) (725,418 )

Mrs V K B Kearney
Balance outstanding at start of year (2,558 ) (726 )
Amounts advanced 15,891 12,000
Amounts repaid (14,241 ) (13,832 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (908 ) (2,558 )