ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

PAUL'S CYCLES (HOLDINGS) LIMITED - Company Information

Print Friendly Version

Caseware UK (AP4) 2019.0.227 2019.0.227 2020-01-312020-01-3122dormant2019-02-01falsetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08800343 2019-02-01 2020-01-31 08800343 2018-02-01 2019-01-31 08800343 2020-01-31 08800343 2019-01-31 08800343 c:Director1 2019-02-01 2020-01-31 08800343 c:Director2 2019-02-01 2020-01-31 08800343 d:CurrentFinancialInstruments 2020-01-31 08800343 d:CurrentFinancialInstruments 2019-01-31 08800343 d:CurrentFinancialInstruments d:WithinOneYear 2020-01-31 08800343 d:CurrentFinancialInstruments d:WithinOneYear 2019-01-31 08800343 d:ShareCapital 2020-01-31 08800343 d:ShareCapital 2019-01-31 08800343 d:RetainedEarningsAccumulatedLosses 2020-01-31 08800343 d:RetainedEarningsAccumulatedLosses 2019-01-31 08800343 c:FRS102 2019-02-01 2020-01-31 08800343 c:Audited 2019-02-01 2020-01-31 08800343 c:FullAccounts 2019-02-01 2020-01-31 08800343 c:PrivateLimitedCompanyLtd 2019-02-01 2020-01-31 08800343 d:ImmediateParent 2019-02-01 2020-01-31 08800343 d:ImmediateParent 2020-01-31 08800343 d:ImmediateParent 2019-01-31 08800343 c:SmallCompaniesRegimeForAccounts 2019-02-01 2020-01-31 08800343 6 2019-02-01 2020-01-31 iso4217:GBP xbrli:pure

Registered number: 08800343









PAUL'S CYCLES (HOLDINGS) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2020
 
PAUL'S CYCLES (HOLDINGS) LIMITED
REGISTERED NUMBER: 08800343

BALANCE SHEET
AS AT 31 JANUARY 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
  
1,000
1,000

  
1,000
1,000

  

Creditors: amounts falling due within one year
  
(960)
-

Net current (liabilities)/assets
  
 
 
(960)
 
 
-

Total assets less current liabilities
  
40
1,000

  

Net assets
  
40
1,000


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(960)
-

  
40
1,000


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: 




................................................
Mr T P Thornley
................................................
Mr M E Colley
Director
Director


Date: 12 October 2020

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Unit A, 13 Yaxham Road, Dereham, Norfolk, NR19 1HB.
The Company's principal activity is that of investment holding. 

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 2).

Page 2
 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2019
1,000



At 31 January 2020
1,000





5.


Creditors: Amounts falling due within one year

2020
2019
£
£

Amounts owed to group undertakings
600
-

Accruals and deferred income
360
-

960
-



6.


Related party transactions

At the year end, the Company was owed £600 (2019: £-) by a group company.  The loan is interest free and repayable on demand.


7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2020 was unqualified.

The audit report was signed on 15 October 2020 by Frank Shippam BSc FCA DChA (Senior Statutory Auditor) on behalf of MA Partners Audit LLP.

 
Page 3