ACCOUNTS - Final Accounts preparation

PROPERTY GROUP HOLDINGS LTD - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3052022-07-01true5The principal activity during the year under review was as a holding company.falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12828417 2022-07-01 2023-06-30 12828417 2021-07-01 2022-06-30 12828417 2023-06-30 12828417 2022-06-30 12828417 c:Director1 2022-07-01 2023-06-30 12828417 d:CurrentFinancialInstruments 2023-06-30 12828417 d:CurrentFinancialInstruments 2022-06-30 12828417 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12828417 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12828417 d:ShareCapital 2023-06-30 12828417 d:ShareCapital 2022-06-30 12828417 d:OtherMiscellaneousReserve 2023-06-30 12828417 d:OtherMiscellaneousReserve 2022-06-30 12828417 d:RetainedEarningsAccumulatedLosses 2023-06-30 12828417 d:RetainedEarningsAccumulatedLosses 2022-06-30 12828417 c:FRS102 2022-07-01 2023-06-30 12828417 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12828417 c:FullAccounts 2022-07-01 2023-06-30 12828417 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12828417 6 2022-07-01 2023-06-30 12828417 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 12828417

PROPERTY GROUP HOLDINGS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

PROPERTY GROUP HOLDINGS LTD

REGISTERED NUMBER: 12828417

BALANCE SHEET

AS AT 30 JUNE 2023

		2023		2022
Note		£		£

Fixed assets
Investments	4		369,710		369,710
			369,710		369,710
Current assets
Cash at bank and in hand	5	12,249		12,345
		12,249		12,345
Creditors: amounts falling due within one year	6	(93,802)		(103,669)
Net current liabilities			(81,553)		(91,324)
Total assets less current liabilities			288,157		278,386

Net assets			288,157		278,386

Capital and reserves
Called up share capital	202,400	202,400
Other reserves	18,600	12,400
Profit and loss account	67,157	63,586
	288,157	278,386

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 on 22 January 2024.

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PROPERTY GROUP HOLDINGS LTD

REGISTERED NUMBER: 12828417

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2023

S M Jago

Director

The notes on pages 3 to 5 form part of these financial statements.

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PROPERTY GROUP HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1.	General information

Property Group Holdings Ltd is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Building 2, Riverside Court, Bowling Hill, Chipping Sodbury, Bristol, BS37 6JX.

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.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

The financial statements have been prepared on a going concern basis.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

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.

2.7

Other reserves

This represents shares returned to the company for Nil consideration that have subsequently been reissues at nominal value.

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PROPERTY GROUP HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

2.8

Merger accounting

When a company issues shares, those shares should be accounted for at the value of the consideration received in exchange. Any excess over the nominal value of the shares issued is recorded in the share premium account. Merger relief under section 615 of the Companies Act 2006 and FRS 102 paragraph A3.24 provides relief from the creation of a share premium account on the issue of shares providing it meets all of the following criteria:
A company (known either as the issuing company of the acquiring company) secures at least 90% of the nominal value of each class of the equity share capital of another company as a result of the arrangement.
The arrangement provides for the allotment of equity shares in the issuing company (such allotment will normally be made to the acquired company's shareholders).
The consideration for the shares alloted is either the issue or transfer to the issuing company of equity share in the acquired company: or the cancellation of those equity shares in the acquired compant that the issuing company does not already hold.

Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 July 2022	369,710
	At 30 June 2023	369,710

5.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	12,249	12,345
	12,249	12,345

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PROPERTY GROUP HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Amounts owed to group undertakings	93,802	100,002
Accruals and deferred income	-	3,667
	93,802	103,669

7.	Related party transactions
	The company has taken advantage of the exemption avaliable under FRS 102 and not disclosed transactions with any wholly owned group company.

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