PENTRE_OVERSEAS_HOLDINGS_ - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

Pentre Overseas Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Penfield Road, Leigh, Lancashire, England, WN7 3PG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Pentre Overseas Holdings Limited is a wholly owned subsidiary of Pentre Group Limited. Pentre Group Limited is a wholly owned subsidiary of Pentre Holdings Limited, which is in turn a wholly owned subsidiary of Pentre Group Holdings Limited. The results of Pentre Overseas Holdings Limited are included in the consolidated financial statements of both Pentre Holdings Limited and Pentre Group Holdings Limited which are available from the Company Secretary, Unit 2, Penfield Road, Leigh, Lancashire, WN7 3PG.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

These financial statements are separate company financial statements for Pentre Overseas Holdings Limited.

Details of the company's subsidiaries at 31 March 2020 are as follows:

Registered office addresses (all UK unless otherwise indicated):

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Transactions with related parties

The company has taken advantage of the exemption available whereby it has not disclosed transactions with other group undertakings.

The company is a wholly owned subsidiary of Pentre Group Limited, a company registered in England and Wales.

Pentre Group Limited is a wholly owned subsidiary of Pentre Holdings Limited, a company registered in England and Wales. The ultimate parent of Pentre Holdings Limited is Pentre Group Holdings Limited, a company also registered in England and Wales.

The registered office of Pentre Group Limited, Pentre Holdings Limited and Pentre Group Holdings Limited is Unit 2, Penfield Road, Leigh, Lancashire, WN7 3PG.

Copies of the consolidated financial statements for Pentre Group Holdings Limited; this being the largest group of which the company is a member, and for Pentre Holdings Limited; this being the smallest group of which the company is a member, can be obtained from the Company Secretary, Unit 2, Penfield Road, Leigh, Lancashire, WN7 3PG.

The ultimate controlling party is M F Seymour by virtue of his 100% shareholding in Pentre Group Holdings Limited.