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Company registration number: 01313236







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


P.E. DISTRIBUTIONS LIMITED






































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P.E. DISTRIBUTIONS LIMITED
 


 
COMPANY INFORMATION


Directors
I. Hislop 
S.A. Molnar 
G.M. Elwell 




Company secretary
G.M. Elwell



Registered number
01313236



Registered office
95 Gresham Street

London

EC2V 7AB




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

95 Gresham Street

London

EC2V 7AB





 


P.E. DISTRIBUTIONS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 


P.E. DISTRIBUTIONS LIMITED
REGISTERED NUMBER:01313236



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,024
33,168

Investments
 5 
3,710,244
3,710,244

  
3,739,268
3,743,412

Current assets
  

Debtors: amounts falling due within one year
 6 
262
-

Current asset investments
 7 
4,600,000
4,100,000

Cash at bank and in hand
  
73,507
42,663

  
4,673,769
4,142,663

Creditors: amounts falling due within one year
 8 
(6,083,919)
(5,743,984)

Net current liabilities
  
 
 
(1,410,150)
 
 
(1,601,321)

Total assets less current liabilities
  
2,329,118
2,142,091

  

Net assets
  
2,329,118
2,142,091


Capital and reserves
  

Called up share capital 
  
90
90

Profit and loss account
  
2,329,028
2,142,001

  
2,329,118
2,142,091


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G.M. Elwell
S.A. Molnar
Director
Director
Date: 16 June 2025
Date:16 June 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


P.E. DISTRIBUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

P.E. Distributions Limited is a private company limited by shares incorporated in England and Wales under the Companies Act. The address of the registered office is shown on the company information page and the principal place of business is located at 6 Carlisle Street, London, W1D 3BN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the company will continue in operational existence for the foreseeable future. Whilst the company has net current liabilities, this includes amounts due to its parent company, which will not be recalled for repayment until a time that the Company has sufficient liquid resources to settle these liabilities. For this reason the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Leasehold Property
-
Over the life of the lease

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 


P.E. DISTRIBUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like loans to or from related parties.

 
2.6

Valuation of investments

Fixed asset investments are valued at cost less provision for impairment.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible assets





Leasehold property

£



Cost


At 1 October 2023
198,928



At 30 September 2024

198,928



Depreciation


At 1 October 2023
165,760


Charge for the year on owned assets
4,144



At 30 September 2024

169,904



Net book value



At 30 September 2024
29,024



At 30 September 2023
33,168

Page 3

 


P.E. DISTRIBUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Fixed asset investments






£



Cost


At 1 October 2023
3,710,244



At 30 September 2024
3,710,244




The above fixed asset investment relates to loans to group undertakings and undertakings in which the company has a participating interest.


6.


Debtors

2024
2023
£
£


Other debtors
262
-

262
-



7.


Current asset investments

2024
2023
£
£

Other investments
4,600,000
4,100,000

4,600,000
4,100,000



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
6,010,844
5,688,872

Corporation tax
65,455
50,804

Accruals and deferred income
7,620
4,308

6,083,919
5,743,984


Page 4

 


P.E. DISTRIBUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Post balance sheet events

After the year end the company purchased the freehold of the property that it was leasing during the year. The Directors consider this to be a non-adjusting event as the conditions relating to this purchase arose after the end of the reporting period.


10.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 16 June 2025 by Andrew Wooding FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 5