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REGISTERED NUMBER: SC283466 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2022

FOR

PIEROWALL BAY LTD

PIEROWALL BAY LTD (REGISTERED NUMBER: SC283466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

PIEROWALL BAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2022







DIRECTORS: T R Harcus
Mrs E M Harcus





SECRETARY: Mrs E M Harcus





REGISTERED OFFICE: Kinsale
Dalespot
St Ola
Orkney
KW15 1SX





REGISTERED NUMBER: SC283466 (Scotland)





ACCOUNTANTS: Goldwells
Acumen House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

PIEROWALL BAY LTD (REGISTERED NUMBER: SC283466)

BALANCE SHEET
30TH APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,952 43,777

CURRENT ASSETS
Debtors 5 3,004 5,424
Cash at bank 125,243 124,106
128,247 129,530
CREDITORS
Amounts falling due within one year 6 3,037 9,530
NET CURRENT ASSETS 125,210 120,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,162

163,777

PROVISIONS FOR LIABILITIES 9,797 1,156
NET ASSETS 204,365 162,621

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 204,363 162,619
SHAREHOLDERS' FUNDS 204,365 162,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

PIEROWALL BAY LTD (REGISTERED NUMBER: SC283466)

BALANCE SHEET - continued
30TH APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th September 2022 and were signed on its behalf by:





T R Harcus - Director


PIEROWALL BAY LTD (REGISTERED NUMBER: SC283466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022

1. STATUTORY INFORMATION

Pierowall Bay Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

PIEROWALL BAY LTD (REGISTERED NUMBER: SC283466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2022

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st May 2021 20,460 43,205 - 63,665
Additions 730 2,127 49,067 51,924
At 30th April 2022 21,190 45,332 49,067 115,589
DEPRECIATION
At 1st May 2021 - 19,888 - 19,888
Charge for year - 4,705 2,044 6,749
At 30th April 2022 - 24,593 2,044 26,637
NET BOOK VALUE
At 30th April 2022 21,190 20,739 47,023 88,952
At 30th April 2021 20,460 23,317 - 43,777

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,114 4,843
VAT 890 581
3,004 5,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Corporation tax 2,071 9,493
Directors' current accounts 966 37
3,037 9,530

The loan from the directors is interest free and there are no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PIEROWALL BAY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pierowall Bay Ltd for the year ended 30th April 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Pierowall Bay Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pierowall Bay Ltd and state those matters that we have agreed to state to the Board of Directors of Pierowall Bay Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pierowall Bay Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pierowall Bay Ltd. You consider that Pierowall Bay Ltd 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 financial statements of Pierowall Bay Ltd. 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 financial statements.






Goldwells
Acumen House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


13th September 2022