Pivotal Point Homes Ltd 11122870 true 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is that of a dormant company. Digita Accounts Production Advanced 6.30.9574.0 true Mr D M Eaton Mrs V Eaton true 11122870 2022-01-01 2022-12-31 11122870 2022-12-31 11122870 core:ShareCapital 2022-12-31 11122870 core:CurrentFinancialInstruments 2022-12-31 11122870 bus:FRS102 2022-01-01 2022-12-31 11122870 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11122870 bus:FullAccounts 2022-01-01 2022-12-31 11122870 bus:RegisteredOffice 2022-01-01 2022-12-31 11122870 bus:Director1 2022-01-01 2022-12-31 11122870 bus:Director2 2022-01-01 2022-12-31 11122870 bus:EntityHasNeverTraded 2022-01-01 2022-12-31 11122870 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11122870 countries:EnglandWales 2022-01-01 2022-12-31 11122870 2021-01-01 2021-12-31 11122870 2021-12-31 11122870 core:ShareCapital 2021-12-31 11122870 core:CurrentFinancialInstruments 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 11122870

Pivotal Point Homes Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Pivotal Point Homes Ltd

Profit and Loss Account for the Year Ended 31 December 2022

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Pivotal Point Homes Ltd

(Registration number: 11122870)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

2

2

Capital and reserves

 

Called up share capital

2

2

Shareholders' funds

 

2

2

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 October 2023 and signed on its behalf by:
 


Mr D M Eaton
Director

 

Pivotal Point Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Shared Space 4
Belgrave Road
Gloucester
GL1 1QZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group..

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements

 

Pivotal Point Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Debtors

2022
£

2021
£

Other debtors

2

2

2

2