PA Performance Group Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14556965 (England and Wales)

Unaudited Financial Statements

for the Period 23 December 2022 to 31 March 2023

for

PA Performance Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A O Meredith

A F I Meredith

C R Meredith

P L Meredith

R A Meredith

REGISTERED OFFICE:

The Old Pump House

Bath Road

Hardwicke

Gloucester

GL2 2RG

REGISTERED NUMBER:

14556965 (England and Wales)

ACCOUNTANTS:

Verinder Powell Associates Ltd

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Investments

4

14,010,351

CURRENT ASSETS

Debtors

5

17,043

Cash at bank

9,940

26,983

CREDITORS

Amounts falling due within one year

6

741,938

NET CURRENT LIABILITIES

(714,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,295,396

CREDITORS

Amounts falling due after more than one year

7

3,364,606

NET ASSETS

9,930,790

CAPITAL AND RESERVES

Called up share capital

100

Other reserves

2,968,627

Retained earnings

6,962,063

9,930,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:

R A Meredith - Director

1.	STATUTORY INFORMATION

PA Performance Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

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.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment. The portion of the investment relating to deferred consideration is recognised at its discounted net present value.

Where merger relief is applicable, the difference between the fair value of the consideration for the shares issued in the acquiring company and the nominal value of these shares is recognised within a merger relief reserve.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	FIXED ASSET INVESTMENTS

Investments

in

subsidiaries

£

COST

Additions

14,010,351

At 31 March 2023

14,010,351

NET BOOK VALUE

At 31 March 2023

14,010,351

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

16,963

Other debtors

80

17,043

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

741,938

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

3,364,606

8.	RELATED PARTY DISCLOSURES

Key management

The loans from key management are interest free and repayable in annual installments. Of the total loan, £738,938 is due within one year and £3,364,606 is due after more than one year.

£

Amount due to related party at the balance sheet date

4,103,544