Petersham Land (Catford) Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08413676 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2019

FOR

PETERSHAM LAND (CATFORD)

HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J C Davis

REGISTERED OFFICE:

24 Park Road South

Havant

Hampshire

PO9 1HB

BUSINESS ADDRESS:

Tickerage Mill

Tickerage Lane

Blackboys

Uckfield

East Sussex

TN22 5LU

REGISTERED NUMBER:

08413676 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy

24 Park Road South

Havant

Hampshire

PO9 1HB

FIXED ASSETS

Investments

4

4,136,224

4,136,224

CURRENT ASSETS

Debtors

5

571,777

2,778,069

Cash at bank

-

760,788

571,777

3,538,857

CREDITORS

Amounts falling due within one year

6

2,921,276

5,855,443

NET CURRENT LIABILITIES

(2,349,499

)

(2,316,586

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,786,725

1,819,638

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

2,040,108

2,040,108

Retained earnings

(253,483

)

(220,570

)

1,786,725

1,819,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21st August 2019 and were signed by:

Mr J C Davis - Director

1.	STATUTORY INFORMATION

Petersham Land (Catford) 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 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.

The presentation currency of the financial statements is Pound Sterling (£) and is rounded to the nearest Pound

(£).

Preparation of consolidated financial statements

The financial statements contain information about Petersham Land (Catford) Holdings Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company is exempt

under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial

statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Financial instruments

Financial instruments are recognised in line with Sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, loans and amounts due to/from group undertakings are

initially recognised at transaction price, unless they constitute a financing arrangement, when the transaction is

measured at present value of future receipts/payments discounted at a market rate of interest. Such instruments

are subsequently carried at amortised cost using the effective interest rate method.

When circumstances change, previously charged interest is released.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Pension costs and other post-retirement benefits

The company makes contributions to the director's SIPP. Contributions are charged to the profit and loss

account when paid.

Fixed asset investments

Fixed Asset Investments which are shares, are stated in the balance sheet at cost less any provision made for

impairment in value. Such investments are classified as current assets when regarded as available for sale.

The company makes loans to its subsidiary undertaking which are repayable on demand.

Income from shares in group undertakings

Income from shares in group undertakings comprises dividends receivable from subsidiaries.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st March 2018

and 28th February 2019

4,136,224

NET BOOK VALUE

At 28th February 2019

4,136,224

At 28th February 2018

4,136,224

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

571,777

2,776,773

Other debtors

-

1,296

571,777

2,778,069

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

5,800,000

Other creditors

2,921,276

55,443

2,921,276

5,855,443

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

-

5,800,000

The bank loan was fully repaid in the year.

8.	GOING CONCERN

At the year end, the company had net current liabilities of £2,349,499 (2018: £2,316,586). This is primarily made

up of the director's loan account of £2,918,276 (2018: £28,713).

The director has confirmed that he is willing to support the company for the foreseeable future for a period of not

less than twelve months from the date of approval of these financial statements.

On the basis of the above, the director considers the going concern basis to be deemed appropriate for the

preparation of these accounts.