ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

THE PENSION DRAWDOWN HOLDINGS COMPANY LIMITED - Company Information

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Caseware UK (AP4) 2018.0.111 2018.0.111 2018-07-312018-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueDormantfalse2017-08-01Mr J P Walker 09974030 2017-08-01 2018-07-31 09974030 2016-08-01 2017-07-31 09974030 2018-07-31 09974030 2017-07-31 09974030 c:Director1 2017-08-01 2018-07-31 09974030 d:CurrentFinancialInstruments 2018-07-31 09974030 d:CurrentFinancialInstruments 2017-07-31 09974030 d:CurrentFinancialInstruments d:WithinOneYear 2018-07-31 09974030 d:CurrentFinancialInstruments d:WithinOneYear 2017-07-31 09974030 d:ShareCapital 2018-07-31 09974030 d:ShareCapital 2017-07-31 09974030 d:RetainedEarningsAccumulatedLosses 2018-07-31 09974030 d:RetainedEarningsAccumulatedLosses 2017-07-31 09974030 c:FRS102 2017-08-01 2018-07-31 09974030 c:AuditExempt-NoAccountantsReport 2017-08-01 2018-07-31 09974030 c:FullAccounts 2017-08-01 2018-07-31 09974030 c:PrivateLimitedCompanyLtd 2017-08-01 2018-07-31 09974030 d:EntityControlledByKeyManagementPersonnel5 2017-08-01 2018-07-31 09974030 d:EntityControlledByKeyManagementPersonnel5 2018-07-31 09974030 d:EntityControlledByKeyManagementPersonnel4 2017-08-01 2018-07-31 09974030 d:EntityControlledByKeyManagementPersonnel4 2018-07-31 09974030 e:UnitedKingdom 2017-08-01 2018-07-31 iso4217:GBP xbrli:pure

Registered number: 09974030
















THE PENSION DRAWDOWN HOLDINGS COMPANY LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2018
































THE PENSION DRAWDOWN HOLDINGS COMPANY LIMITED
REGISTERED NUMBER:09974030

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2018

2018
2017
Note
£
£

Fixed assets
  

Investments
 5 
2,300,000
2,300,000

  
2,300,000
2,300,000

Current assets
  

Debtors: amounts falling due within one year
 6 
50,000
50,000

  
50,000
50,000

Creditors: amounts falling due within one year
 7 
(1,730,260)
(1,730,260)

Net current liabilities
  
 
 
(1,680,260)
 
 
(1,680,260)

Total assets less current liabilities
  
619,740
619,740

  

Net assets
  
619,740
619,740


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
609,740
609,740

  
619,740
619,740


The director considers 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 Companies Act 2006.

The director acknowledges his 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 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 J Walker
Director

Date: 25 April 2019

Page 1

THE PENSION DRAWDOWN HOLDINGS COMPANY LIMITED
REGISTERED NUMBER:09974030
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2018

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

Page 2

THE PENSION DRAWDOWN HOLDINGS COMPANY LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018

1.


General information

The Pension Drawdown Holdings Company Limited is a private company, limited by shares and registered in England and Wales. The registered number is 09974030. The registered office is 2nd Floor Stratus House, Emperor Way, Exeter, Devon, United Kingdom, EX1 3QS.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

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.

 
2.5

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 to and from other parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2017: 1).


4.


Dividends

2018
2017
£
£


Dividends declared on ordinary shares
-
138,333

-
138,333

Page 3

THE PENSION DRAWDOWN HOLDINGS COMPANY LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2017
2,300,000



At 31 July 2018
2,300,000





6.


Debtors

2018
2017
£
£


Other debtors
50,000
50,000

50,000
50,000



7.


Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018
2017
£
£

Amounts owed to group undertakings
1,542,356
1,087,625

Other creditors
187,904
642,635

1,730,260
1,730,260



8.


Related party transactions

At the period end, the company owed £130,653 (2017: £130,653) to The Alternative Secured Income Company Limited, a company under common control. 

At the period end, the company was owed £50,000 (2017: £50,000) by Rockwood Wealth Management Limited, a compnay under common control.


9.


Controlling party

Throughout the period the ultimate controlling party was Mr J P Walker. 

 
Page 4