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Company Registration No. 09575000 (England and Wales)
NEW PINEAPPLE LIMITED Unaudited accounts for the year ended 31 May 2022
NEW PINEAPPLE LIMITED Unaudited accounts Contents
Page
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NEW PINEAPPLE LIMITED Company Information for the year ended 31 May 2022
Directors
YAN KIT CHONG SUK FAN CHEUNG
Company Number
09575000 (England and Wales)
Registered Office
4 ST MARYS TERRACE GATESHEAD TYNE & WEAR NE10 0NY ENGLAND
Accountants
Gina Caceres-Jimenez Lonsdale Financial Ltd 4 St. Marys Terrace Gateshead Tyne and Wear NE10 0NY
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NEW PINEAPPLE LIMITED Accountants' report
Accountants' report to the board of directors of NEW PINEAPPLE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEW PINEAPPLE LIMITED for the year ended 31 May 2022 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of NEW PINEAPPLE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of NEW PINEAPPLE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEW PINEAPPLE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NEW PINEAPPLE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NEW PINEAPPLE LIMITED. You consider that NEW PINEAPPLE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of NEW PINEAPPLE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Gina Caceres-Jimenez Lonsdale Financial Ltd 4 St. Marys Terrace Gateshead Tyne and Wear NE10 0NY 6 September 2022
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NEW PINEAPPLE LIMITED Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
905,523 
905,113 
Current assets
Debtors
(4,733)
(1,003)
Cash at bank and in hand
41,322 
77,167 
36,589 
76,164 
Creditors: amounts falling due within one year
(179,013)
(243,187)
Net current liabilities
(142,424)
(167,023)
Total assets less current liabilities
763,099 
738,090 
Creditors: amounts falling due after more than one year
(44,436)
(50,000)
Net assets
718,663 
688,090 
Capital and reserves
Called up share capital
650,000 
650,000 
Profit and loss account
68,663 
38,090 
Shareholders' funds
718,663 
688,090 
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2022 and were signed on its behalf by
YAN KIT CHONG Director Company Registration No. 09575000
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NEW PINEAPPLE LIMITED Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
NEW PINEAPPLE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09575000. The registered office is 4 ST MARYS TERRACE, GATESHEAD, TYNE & WEAR, NE10 0NY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% straight line depreciation basis
Turnover
Turnover is measured at the fair value of the consideration of rent received or receivable, excluding value added tax and other sales taxes. Turnover represents rental income receivable on investment properties.
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NEW PINEAPPLE LIMITED Notes to the Accounts for the year ended 31 May 2022
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2021
904,894 
274 
905,168 
Additions
465 
- 
465 
At 31 May 2022
905,359 
274 
905,633 
Depreciation
At 1 June 2021
- 
55 
55 
Charge for the year
- 
55 
55 
At 31 May 2022
- 
110 
110 
Net book value
At 31 May 2022
905,359 
164 
905,523 
At 31 May 2021
904,894 
219 
905,113 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
436 
2,497 
Deferred tax asset
52 
Accrued income and prepayments
(5,169)
(3,552)
(4,733)
(1,003)
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
5,218 
2,353 
Trade creditors
117 
- 
Taxes and social security
8,915 
3,580 
Other creditors
90,043 
185,718 
Loans from directors
73,630 
49,356 
Accruals
1,090 
2,180 
179,013 
243,187 
Interest free loan of £72,960 at the balance sheet date as detailed in related party transactions. Rent Security Deposits of £17,083 as at the balance sheet date. Directors loan, due on demand of £73,630 as at the balance sheet date. Vat owed of £5,219 as at date of the balance sheet
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
44,436 
50,000 
The Director has secured a Business Bounce Back Loan for the company as part of the Government support plan resulting from the Coronavirus pandemic. The balance due at start of term was £50,000 and has reduced through repayment to £43,788. Interest has been charged on this loan in the period of £648 up to the balance sheet date. It is not expected that demand for repayment will occur within 12 months.
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NEW PINEAPPLE LIMITED Notes to the Accounts for the year ended 31 May 2022
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £6,500 each
650,000 
650,000 
9
Transactions with related parties
The Director has provided a loan to the company. The balance due to the Director at the date of the Balance Sheet was £73,630 (£49,356 2021). No interest has been charged on this loan. The parents of the director and second shareholder have provided an interest free loan to the company. The balance outstanding at the beginning of the term was £168,635, and has been reduced by £95,675 to £72,960 at the date of the Balance Sheet and has been entered under Creditors: amounts falling due within 1 year. No formal terms for repayment of the loan have been set out and is considered payable immediately on demand. It is expected that demand for repayment of the loan in part will occur within one year of the balance sheet date. Dividends of £2,000 were paid to each Shareholder during the year.
10
Average number of employees
During the year the average number of employees was 2 (2021: 1).
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