PD Co Holdings (UK) Limited Small abbreviated accounts

PD Co Holdings (UK) Limited Small abbreviated accounts

PD CO HOLDINGS (UK) LIMITED - Company Information

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FY Private Limited Company Company accounts 2017-03-27 2017-03-27 false true false false false false false false false false false false true true 2015-07-01 true xbrli:pure xbrli:shares iso4217:GBP 08347300 2015-07-01 2016-06-30 08347300 2016-06-30 08347300 2015-06-30 08347300 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2015-07-01 2016-06-30 08347300 uk-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 08347300 uk-bus:Director1 2015-07-01 2016-06-30 08347300 uk-gaap:AllSubsidiaries 2015-07-01 2016-06-30 08347300 uk-bus:OrdinaryShareClass1 2016-06-30 08347300 uk-bus:OrdinaryShareClass1 2015-06-30 08347300 uk-lang:English 2015-07-01 2016-06-30 08347300 uk-curr:PoundSterling 2015-07-01 2016-06-30
COMPANY REGISTRATION NUMBER 08347300
PD CO HOLDINGS (UK) LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
30 June 2016
UNW LLP
Chartered Accountants
Citygate
St James' Boulevard
Newcastle upon Tyne
NE1 4JE
PD CO HOLDINGS (UK) LIMITED
ABBREVIATED BALANCE SHEET
30 June 2016
2016
2015
Note
£
£
£
FIXED ASSETS
Investments
2
1,228,769
1,228,693
------------
------------
CURRENT ASSETS
Debtors
8,226,389
5,493,375
Cash at bank and in hand
9,664
9,365
------------
------------
8,236,053
5,502,740
CREDITORS: Amounts falling due within one year
1,500
1,500
------------
------------
NET CURRENT ASSETS
8,234,553
5,501,240
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
9,463,322
6,729,933
CREDITORS: Amounts falling due after more than one year
9,099,476
7,367,902
------------
------------
363,846
( 637,969)
------------
------------
CAPITAL AND RESERVES
Called up equity share capital
3
1
1
Profit and loss account
363,845
( 637,970)
---------
---------
SHAREHOLDERS' FUNDS/(DEFICIT)
363,846
( 637,969)
---------
---------
For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 20 March 2017 , and are signed on their behalf by:
R Stoikovich Director
Company Registration Number: 08347300
PD CO HOLDINGS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30 JUNE 2016
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Going Concern The company is reliant upon the continuing support of its ultimate parent company, which agrees to cover all inter group borrowings. On this basis the directors consider it appropriate to prepare the accounts on a going concern basis.
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Foreign currencies
Assets and liabilities in foreign currencies are translated into GB Pounds Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into GB Pounds Sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The functional currency is Australian Dollar, the presentation currency is GB Pounds Sterling. Assets and liabilities are translated into the presentation currency at the rates of exchange ruling at the balance sheet date and an average rate for the year is used to translate the profit and loss account into GB Pounds Sterling at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2. FIXED ASSETS
Investments
£
COST
At 1 July 2015
1,228,693
Additions
76
------------
At 30 June 2016
1,228,769
------------
NET BOOK VALUE
At 30 June 2016
1,228,769
------------
At 30 June 2015
1,228,693
------------
During the year the company acquired 9% of the issued share capital of Chelm-Rol s.p. z.o.o., a company incorporated in Poland. The company owns 67% of the issued share capital of PD Co s.p. z.o.o., a company incorporated in Poland. Subsidiary undertakings
2016 2015
£ £
Aggregate capital and reserves
PD Co s.p. z.o.o. (7,409,081) (5,454,440)
Profit and (loss) for the period
PD Co s.p. z.o.o. (1,802,152) (3,006,000)
3. SHARE CAPITAL
Allotted and called up:
2016
2015
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
The amounts of paid up share capital for the following categories of shares differed from the called up share capital stated above due to unpaid calls and were as follows:
2016
2015
£
£
Ordinary shares
1
1
----
----
4. ULTIMATE PARENT COMPANY
PDZ (UK) Limited is the parent company, a company incorporated in England and Wales. Prairie Mining Limited is considered to be the ultimate controlling party, a company incorporated in Australia .