REGISTERED NUMBER: 08391269 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST FEBRUARY 2024 TO 31ST MARCH 2025

FOR

PG & CP WHITEHOUSE LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

C P H Whitehouse

Secretary:

Mrs N J Whitehouse

Registered office:

Bradley Farm

Bradley Court Road

Mitcheldean

Gloucestershire

GL17 0DR

Registered number:

08391269 (England and Wales)

Fixed assets

Tangible assets

4

539,843

429,079

Investments

5

361,674

689,109

901,517

1,118,188

Current assets

Debtors

6

52,523

16,125

Creditors

Amounts falling due within one year

7

215,099

489,855

Net current liabilities

(162,576

)

(473,730

)

Total assets less current liabilities

738,941

644,458

Creditors

Amounts falling due after more than one year

8

(106,256

)

(75,653

)

Provisions for liabilities

10

(113,300

)

(85,200

)

Net assets

519,385

483,605

Capital and reserves

Called up share capital

11

104

104

Retained earnings

519,281

483,501

Shareholders' funds

519,385

483,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th October 2025 and were signed by:

C P H Whitehouse - Director

1.	Statutory information

PG & CP Whitehouse 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 Company Information page.

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" 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.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Land & buildings

2%

Plant & machinery

20%

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Fixed asset investments

The company is a partner in PG & CP Whitehouse partnership.

The investment in PG & CP Whitehouse represents the company's capital account in the partnership.

3.	Employees (including officers)

The average number of employees during the period was 13 (2024 - 10 ) .

4.	Tangible fixed assets

Land &

Plant &

buildings

machinery

Totals

£

£

£

Cost

At 1st February 2024

100,543

608,793

709,336

Additions

-

277,900

277,900

Disposals

-

(10,500

)

(10,500

)

At 31st March 2025

100,543

876,193

976,736

Depreciation

At 1st February 2024

12,066

268,191

280,257

Charge for period

2,011

165,125

167,136

Eliminated on disposal

-

(10,500

)

(10,500

)

At 31st March 2025

14,077

422,816

436,893

Net book value

At 31st March 2025

86,466

453,377

539,843

At 31st January 2024

88,477

340,602

429,079

The net book value of tangible fixed assets includes £ 331,220 (2024 - £ 309,180 ) in respect of assets held under hire purchase contracts.

5.	Fixed asset investments

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.1.24

£

£

Brought forward

689,109

607,417

Capital movement

(321,200

)

87,692

Profit share for year

(6,235

)

(6,000

)

361,674

689,109

The company is a partner in PG & CP Whitehouse.

The investment in PG & CP Whitehouse represents the company's capital account in the partnership.

6.

Debtors: amounts falling due within one year

31.3.25

31.1.24

£

£

Accrued income

52,523

16,125

7.

Creditors: amounts falling due within one year

31.3.25

31.1.24

£

£

Bank loans & overdrafts

15,617

50,984

Hire purchase contracts (see note 9)

119,261

85,927

Trade creditors

-

2,520

Amounts owed to related parties

-

306,955

Corporation tax

700

11,400

Social security & other taxes

13,595

26,666

Other creditors

43,426

5,403

Shareholder's loan account

500

-

Directors' loan accounts

22,000

-

215,099

489,855

8.

Creditors: amounts falling due after more than one year

31.3.25

31.1.24

£

£

Bank loans

2,500

14,167

Hire purchase contracts (see note 9)

103,756

61,486

106,256

75,653

9.	Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.1.24

£

£

Net obligations repayable:

Within one year

119,261

85,927

Between one and five years

103,756

61,486

223,017

147,413

10.	Provisions for liabilities

31.3.25

31.1.24

£

£

Deferred tax

113,300

85,200

Deferred tax

£

Balance at 1st February 2024

85,200

Accelerated capital allowances

28,100

Balance at 31st March 2025

113,300

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.1.24

value:

£

£

100

Ordinary

£1

104

104

12.	Contingent liabilities

There were no contingent liabilities at 31st March 2025.

13.	Related party transactions

The Director

During the year, the director used a current account with the company to record amounts due to them and amounts drawn by them. The balance at the year end was £22,000, owed by the company (2024: £nil).

The loans were made interest free and were repayable on demand.

Transactions with other related parties

The following transactions with related parties, on normal commercial terms, took place during the period.

Sales

£

Transactions with related parties

738,194