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REGISTERED NUMBER: 14304928 (England and Wales)















Financial Statements

for the Period 18 August 2022 to 31 March 2023

for

Pioneers Walsall2 DT Ltd

Pioneers Walsall2 DT Ltd (Registered number: 14304928)






Contents of the Financial Statements
for the Period 18 August 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pioneers Walsall2 DT Ltd

Company Information
for the Period 18 August 2022 to 31 March 2023







DIRECTORS: G N Abuaita
P G A Abuaita





REGISTERED OFFICE: Arden House
25 The Courtyard
Gorsey Lane
Coleshill
West Midlands
B46 1JA





REGISTERED NUMBER: 14304928 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Pioneers Walsall2 DT Ltd (Registered number: 14304928)

Balance Sheet
31 March 2023

Notes £   
FIXED ASSETS
Intangible assets 4 48,332
Tangible assets 5 483,024
531,356

CURRENT ASSETS
Stocks 3,320
Debtors 6 15,075
Cash at bank and in hand 53,241
71,636
CREDITORS
Amounts falling due within one year 7 (734,440 )
NET CURRENT LIABILITIES (662,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(131,448

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (131,548 )
SHAREHOLDERS' FUNDS (131,448 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2023 and were signed on its behalf by:





G N Abuaita - Director


Pioneers Walsall2 DT Ltd (Registered number: 14304928)

Notes to the Financial Statements
for the Period 18 August 2022 to 31 March 2023

1. STATUTORY INFORMATION

Pioneers Walsall2 DT 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Fixtures and fittings - Straight line over 15 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Pioneers Walsall2 DT Ltd (Registered number: 14304928)

Notes to the Financial Statements - continued
for the Period 18 August 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Going concern
The financial statements have been prepared on a going concern basis, which places reliance on the continued support from the company's parent company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 50,000
At 31 March 2023 50,000
AMORTISATION
Amortisation for period 1,668
At 31 March 2023 1,668
NET BOOK VALUE
At 31 March 2023 48,332

Pioneers Walsall2 DT Ltd (Registered number: 14304928)

Notes to the Financial Statements - continued
for the Period 18 August 2022 to 31 March 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
Additions 479,985 14,016 494,001
At 31 March 2023 479,985 14,016 494,001
DEPRECIATION
Charge for period 10,666 311 10,977
At 31 March 2023 10,666 311 10,977
NET BOOK VALUE
At 31 March 2023 469,319 13,705 483,024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 112
Amounts owed by group undertakings 14,835
Other debtors 128
15,075

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 42,512
Amounts owed to group undertakings 644,539
Taxation and social security 12,406
Other creditors 34,983
734,440

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 77,700
Between one and five years 310,800
In more than five years 744,625
1,133,125

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

10. PENSION COMMITMENTS

As at 31 March 2023 there were outstanding pension contributions of £389.

Pioneers Walsall2 DT Ltd (Registered number: 14304928)

Notes to the Financial Statements - continued
for the Period 18 August 2022 to 31 March 2023

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Gladius Holdings Ltd registered at the same address.

The company's ultimate parent is Ivalyn Investments Limited incorporated in the British Virgin Islands.

The consolidated financial statements in which Pioneers Walsall2 DT Ltd are published are those prepared by Gladius Holdings Ltd which are available from Companies House.