Company Registration No. 12490488 (England and Wales)
Pentire Estate Ltd
Unaudited accounts
for the year ended 31 March 2023
Pentire Estate Ltd
Unaudited accounts
Contents
Pentire Estate Ltd
Company Information
for the year ended 31 March 2023
Directors
Anthony James William Dann
Thomas Liam Pugh-Jones
Christopher Richard Dann
Company Number
12490488 (England and Wales)
Registered Office
Deck 2 , Pentire House
5-9 Beach Road
Newquay
TR7 1ES
England
Accountants
Linggard and Thomas
Kew an Lergh
Stret Myghtern Arthur
Nansledan
Cornwall
TR8 4UX
Pentire Estate Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
779,470
788,184
Cash at bank and in hand
16,301
9,794
Creditors: amounts falling due within one year
(367,990)
(418,476)
Net current liabilities
(249,883)
(404,937)
Total assets less current liabilities
529,587
383,247
Creditors: amounts falling due after more than one year
(492,338)
(358,774)
Provisions for liabilities
Deferred tax
(1,269)
(6,717)
Profit and loss account
35,977
17,753
Shareholders' funds
35,980
17,756
For the year ending 31 March 2023 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 6 November 2023 and were signed on its behalf by
Thomas Liam Pugh-Jones
Director
Company Registration No. 12490488
Pentire Estate Ltd
Notes to the Accounts
for the year ended 31 March 2023
Pentire Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 12490488. The registered office is Deck 2 , Pentire House, 5-9 Beach Road, Newquay, TR7 1ES, 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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Pentire Estate Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
743,883
56,658
4,497
805,038
Additions
1,210
-
3,276
4,486
At 31 March 2023
745,093
56,658
7,773
809,524
At 1 April 2022
-
14,877
1,977
16,854
Charge for the year
-
11,257
1,943
13,200
At 31 March 2023
-
26,134
3,920
30,054
At 31 March 2023
745,093
30,524
3,853
779,470
At 31 March 2022
743,883
41,781
2,520
788,184
Amounts falling due within one year
Amounts due from group undertakings etc.
48,456
-
Accrued income and prepayments
1,222
1,167
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,800
-
Amounts owed to group undertakings and other participating interests
-
41,469
Other creditors
178,082
575
Loans from directors
164,749
367,024
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
341,700
200,000
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).