ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

PAUL'S CYCLES (HOLDINGS) LIMITED - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31investment holdingtrue2022-02-01false2true2 08800343 2022-02-01 2023-01-31 08800343 2021-02-01 2022-01-31 08800343 2023-01-31 08800343 2022-01-31 08800343 c:Director1 2022-02-01 2023-01-31 08800343 d:CurrentFinancialInstruments 2023-01-31 08800343 d:CurrentFinancialInstruments 2022-01-31 08800343 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08800343 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 08800343 d:ShareCapital 2023-01-31 08800343 d:ShareCapital 2022-01-31 08800343 d:RetainedEarningsAccumulatedLosses 2023-01-31 08800343 d:RetainedEarningsAccumulatedLosses 2022-01-31 08800343 c:OrdinaryShareClass1 2022-02-01 2023-01-31 08800343 c:OrdinaryShareClass1 2023-01-31 08800343 c:OrdinaryShareClass1 2022-01-31 08800343 c:EntityHasNeverTraded 2022-02-01 2023-01-31 08800343 c:FRS102 2022-02-01 2023-01-31 08800343 c:Audited 2022-02-01 2023-01-31 08800343 c:FullAccounts 2022-02-01 2023-01-31 08800343 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08800343 d:ImmediateParent 2022-02-01 2023-01-31 08800343 d:ImmediateParent 2023-01-31 08800343 d:ImmediateParent 2022-01-31 08800343 c:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08800343 6 2022-02-01 2023-01-31 xbrli:shares 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 2023
 
PAUL'S CYCLES (HOLDINGS) LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 4

 
PAUL'S CYCLES (HOLDINGS) LIMITED
REGISTERED NUMBER: 08800343

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 3 
1,000
1,000

  
1,000
1,000

Current assets
  

Debtors: amounts falling due within one year
 4 
403
-

  
403
-

Creditors: amounts falling due within one year
 5 
(2,817)
(1,740)

Net current liabilities
  
 
 
(2,414)
 
 
(1,740)

Total assets less current liabilities
  
(1,414)
(740)

  

Net liabilities
  
(1,414)
(740)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(2,414)
(1,740)

  
(1,414)
(740)


Page 1
 
PAUL'S CYCLES (HOLDINGS) LIMITED
REGISTERED NUMBER: 08800343
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

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 M E Colley
Director

Date: 17 October 2023

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

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.

 
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.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2022
1,000



At 31 January 2023
1,000




Page 3
 
PAUL'S CYCLES (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Debtors

2023
2022
£
£


Other debtors
403
-

403
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,403
1,344

Accruals and deferred income
414
396

2,817
1,740



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary share capital shares of £1.00 each
1,000
1,000



7.


Related party transactions

At the year end, the company owed £2,403 (2022: £1,344) to a group company as shown in note 5.  The loan is interest free and repayable on demand.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2023 was unqualified.

The audit report was signed on 25 October 2023 by Frank Shippam BSc FCA DChA (Senior Statutory Auditor) on behalf of MA Partners Audit LLP.

 
Page 4