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REGISTERED NUMBER: SC220878 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

PACIFIC SHELF 1065 LIMITED

PACIFIC SHELF 1065 LIMITED (REGISTERED NUMBER: SC220878)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 JANUARY 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PACIFIC SHELF 1065 LIMITED

COMPANY INFORMATION
for the year ended 31 JANUARY 2022







DIRECTORS: J A Brown
R J W Brown
R G Brown
Mrs J K Brown
K P W Kuhler
J L Rae
Miss R K Brown





SECRETARY: J A Brown





REGISTERED OFFICE: 15 Craigend Road
Troon
KA10 6HD





REGISTERED NUMBER: SC220878 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

PACIFIC SHELF 1065 LIMITED (REGISTERED NUMBER: SC220878)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 4 1,397,823 1,397,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,397,823

1,397,823

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 1,396,823 1,396,823
SHAREHOLDERS' FUNDS 1,397,823 1,397,823

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





J A Brown - Director


PACIFIC SHELF 1065 LIMITED (REGISTERED NUMBER: SC220878)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 JANUARY 2022

1. STATUTORY INFORMATION

Pacific Shelf 1065 Limited is a private company, limited by shares, registered in Scotland, registration number SC220878. The registered office is 15 Craigend Road, Troon, KA10 6HD.

The principal activity of the company is that of a holding company.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

The company was dormant throughout the current year and previous year.

Significant judgements and estimates
In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Group’s accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

PACIFIC SHELF 1065 LIMITED (REGISTERED NUMBER: SC220878)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 JANUARY 2022

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2021
and 31 January 2022 1,397,823
NET BOOK VALUE
At 31 January 2022 1,397,823
At 31 January 2021 1,397,823