PTG Holdings Ltd - Period Ending 2023-03-31

PTG Holdings Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

PTG Holdings Ltd

(Registration number: 06607646)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Investments	3	100	100
Current assets
Debtors	4	83,211	83,211
Creditors: Amounts falling due within one year	5	(888)	(888)
Net current assets		82,323	82,323
Net assets		82,423	82,423
Capital and reserves
Called up share capital		100	100
Retained earnings		82,323	82,323
Shareholders' funds		82,423	82,423

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 October 2023
 

......................................... Mr D H Rowe Director

PTG Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

These financial statements were authorised for issue by the director on 30 October 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

Group accounts consolidating this entity are prepared by the ultimate parent company Applied Automation (Holdings) Limited. These accounts are available to the public for download form the companies house website.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

PTG Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3	Investments

	2023 £	2022 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 April 2022	100
Provision
Carrying amount
At 31 March 2023	100
At 31 March 2022	100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2023	2022
Subsidiary undertakings
P.T.G. Precision Engineers Ltd	6 Houndiscombe Road, Plymouth, United Kingdom, PL4 6HH England & Wales	Ordinary shares	100%	100%

Subsidiary undertakings

P.T.G. Precision Engineers Ltd The principal activity of P.T.G. Precision Engineers Ltd is engineering services.

4

Debtors

Current	Note	2023 £	2022 £
Amounts owed by related parties		83,211	83,211

PTG Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Creditors

	Note	2023 £	2022 £
Due within one year
Amounts due to related parties		888	888

6	Parent and ultimate parent undertaking

The company's immediate parent company is Applied Automation (Holdings) Ltd, incorporated in England & Wales.

 The ultimate controlling party is David Rowe .

 The most senior parent entity producing publicly available financial statements is Applied Automation (Holdings) Ltd. These financial statements are available upon request from the Companies House website.