PCS Business Systems Holdings Limited Filleted accounts for Companies House (small and micro)

PCS BUSINESS SYSTEMS HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06457092

PCS BUSINESS SYSTEMS HOLDINGS LIMITED

FILLETED FINANCIAL STATEMENTS

31 May 2021

PCS BUSINESS SYSTEMS HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2021

	2021		2020
Note	£	£	£	£

FIXED ASSETS

Investments	4		4,585,512		4,585,512

CURRENT ASSETS

Debtors	5	224,690		224,690

CREDITORS: amounts falling due within one year	6	4,592,314		4,592,314
		------------		------------
NET CURRENT LIABILITIES			4,367,624		4,367,624
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			217,888		217,888
			---------		---------

CAPITAL AND RESERVES

Called up share capital	200,000	200,000
Profit and loss account	17,888	17,888
	---------	---------
SHAREHOLDERS FUNDS	217,888	217,888
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 29 November 2021 , and are signed on behalf of the board by:

Mrs L M Morrissey Director

Company registration number: 06457092

PCS BUSINESS SYSTEMS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Northfield Point, Cunliffe Drive, Kettering, Northamptonshire, NN16 9QJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of PCS Business Systems Group Limited which can be obtained from 2 Northfield Point, Cunliffe Drive, Kettering, Northamptonshire, NN16 9QL. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 June 2020 and 31 May 2021	4,585,512
	------------
Impairment
At 1 June 2020 and 31 May 2021	–
	------------

Carrying amount
At 31 May 2021	4,585,512
	------------
At 31 May 2020	4,585,512
	------------

5. DEBTORS

	2021	2020
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	224,690	224,690
	---------	---------

6. CREDITORS: amounts falling due within one year

	2021	2020
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,592,314	4,592,314
	------------	------------

7. SUMMARY AUDIT OPINION

The auditor's report for the year dated 29 November 2021 was unqualified.

The senior statutory auditor was David Kelland FCA , for and on behalf of Meadows & Co Limited .

8. RELATED PARTY TRANSACTIONS

Advantage has been taken of the exemption conferred by FRS 102 to subsidiary undertakings, of whose voting rights are controlled within the group, not to disclose transactions with other group companies.

9. ULTIMATE PARENT COMPANY

The ultimate parent company is PCS Business Systems Group Limited , a company incorporated in the United Kingdom. The registered address of this company is 2 Northfield Point, Cunliffe Drive, Kettering, Northamptonshire, NN16 9QL .