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REGISTERED NUMBER: 11231379 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Pincombe's Estate Agents Ltd

Pincombe's Estate Agents Ltd (Registered number: 11231379)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pincombe's Estate Agents Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTOR: G Pincombe





REGISTERED OFFICE: Stable Mews
Grafton Road
Torquay
Devon
TQ1 1QJ





REGISTERED NUMBER: 11231379 (England and Wales)





ACCOUNTANTS: Jackson Mitchell Limited
Orchard Court
Abbotskerswell
Newton Abbot
Devon
TQ12 5NP

Pincombe's Estate Agents Ltd (Registered number: 11231379)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 186

CURRENT ASSETS
Debtors 5 17,902 10,260
Cash at bank and in hand 13,577 390
31,479 10,650
CREDITORS
Amounts falling due within one year 6 29,280 63,333
NET CURRENT ASSETS/(LIABILITIES) 2,199 (52,683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,199

(52,497

)

CREDITORS
Amounts falling due after more than one
year

7

15,056

21,910
NET LIABILITIES (12,857 ) (74,407 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (12,957 ) (74,507 )
(12,857 ) (74,407 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pincombe's Estate Agents Ltd (Registered number: 11231379)

Balance Sheet - continued
31 March 2022


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 director and authorised for issue on 19 July 2022 and were signed by:





G Pincombe - Director


Pincombe's Estate Agents Ltd (Registered number: 11231379)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Pincombe's Estate Agents Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 33% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pincombe's Estate Agents Ltd (Registered number: 11231379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 6,363 12,216 18,579
DEPRECIATION
At 1 April 2021 6,299 12,094 18,393
Charge for year 64 122 186
At 31 March 2022 6,363 12,216 18,579
NET BOOK VALUE
At 31 March 2022 - - -
At 31 March 2021 64 122 186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 7,760 3,660
Other debtors 10,142 6,600
17,902 10,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 4,017 26
Trade creditors 2,009 2,998
Taxation and social security 2,605 2,142
Other creditors 20,649 58,167
29,280 63,333

Pincombe's Estate Agents Ltd (Registered number: 11231379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 15,056 21,910

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 21,910

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.22 31.3.21
£    £   
Within one year 10,000 -
Between one and five years 20,000 10,000
30,000 10,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
£    £   
G Pincombe
Balance outstanding at start of year (11,846 ) (10,552 )
Amounts advanced - 1,597
Amounts repaid - (2,891 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,846 ) (11,846 )