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Company Registration No. 09575000 (England and Wales)
NEW PINEAPPLE LIMITED Unaudited accounts for the year ended 31 May 2023
NEW PINEAPPLE LIMITED Unaudited accounts Contents
Page
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NEW PINEAPPLE LIMITED Company Information for the year ended 31 May 2023
Directors
YAN KIT CHONG SUK FAN CHEUNG
Company Number
09575000 (England and Wales)
Registered Office
97-99 HIGH STREET FELLING GATESHEAD NE10 9LU United Kingdom
Accountants
Gina Caceres-Jimenez LONSDALE FINANCIAL LTD 97-99 HIGH STREET GATESHEAD Tyne and Wear NE10 9LU
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NEW PINEAPPLE LIMITED Accountants' report
Accountants' report to the board of directors of NEW PINEAPPLE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEW PINEAPPLE LIMITED for the year ended 31 May 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of NEW PINEAPPLE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of NEW PINEAPPLE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEW PINEAPPLE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NEW PINEAPPLE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NEW PINEAPPLE LIMITED. You consider that NEW PINEAPPLE LIMITED 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 accounts of NEW PINEAPPLE LIMITED. 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 accounts.
Gina Caceres-Jimenez LONSDALE FINANCIAL LTD 97-99 HIGH STREET GATESHEAD Tyne and Wear NE10 9LU 23 October 2023
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NEW PINEAPPLE LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,159 
164 
Investment property
905,359 
905,359 
913,518 
905,523 
Current assets
Debtors
64 
(4,733)
Cash at bank and in hand
14,739 
41,322 
14,803 
36,589 
Creditors: amounts falling due within one year
(116,058)
(179,013)
Net current liabilities
(101,255)
(142,424)
Total assets less current liabilities
812,263 
763,099 
Creditors: amounts falling due after more than one year
(42,435)
(44,436)
Net assets
769,828 
718,663 
Capital and reserves
Called up share capital
650,000 
650,000 
Profit and loss account
119,828 
68,663 
Shareholders' funds
769,828 
718,663 
For the year ending 31 May 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 24 October 2023 and were signed on its behalf by
YAN KIT CHONG Director Company Registration No. 09575000
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NEW PINEAPPLE LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
NEW PINEAPPLE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09575000. The registered office is 97-99 HIGH STREET, FELLING, GATESHEAD, NE10 9LU, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value.
Deferred taxation
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.
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 beginning in the first full year of ownership:
Fixtures & fittings
10% straight line depreciation
Computer equipment
20% straight line depreciation basis
Turnover
Turnover is measured at the fair value of the consideration of rent received or receivable, excluding value added tax and other sales taxes. Turnover represents rental income receivable on investment properties.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. £7,600 was received in the term via a government grant which was used to purchase a ventilation system entered into fixtures and fittings on the balance sheet. The deferred income will begin to be deposited against the profit and loss beginning in the first full year of ownership.
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NEW PINEAPPLE LIMITED Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
- 
274 
274 
Additions
8,050 
- 
8,050 
At 31 May 2023
8,050 
274 
8,324 
Depreciation
At 1 June 2022
- 
110 
110 
Charge for the year
- 
55 
55 
At 31 May 2023
- 
165 
165 
Net book value
At 31 May 2023
8,050 
109 
8,159 
At 31 May 2022
- 
164 
164 
5
Investment property
2023 
£ 
Fair value at 1 June 2022
905,359 
At 31 May 2023
905,359 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
436 
Accrued income and prepayments
64 
(5,169)
64 
(4,733)
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,439 
5,218 
Trade creditors
83 
117 
Taxes and social security
13,318 
8,915 
Other creditors
17,517 
90,043 
Loans from directors
79,583 
73,630 
Accruals
1,118 
1,090 
116,058 
179,013 
Interest free loan of £739 at the balance sheet date as detailed in related party transactions. Rent Security Deposits of £17,517 as at the balance sheet date. Directors loan, due on demand of £78,844 as at the balance sheet date. Vat owed of £4,439 as at date of the balance sheet. Remaining amounts made up of taxes and accruals.
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NEW PINEAPPLE LIMITED Notes to the Accounts for the year ended 31 May 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,835 
44,436 
Deferred income
7,600 
- 
42,435 
44,436 
The Director has secured a Business Bounce Back Loan for the company as part of the Government support plan resulting from the Coronavirus pandemic. The balance due at start of term was £50,000 and has reduced through repayment to £34,835. Interest has been charged on this loan in the period of £1049 up to the balance sheet date. It is not expected that demand for repayment in full will occur within 12 months. Deferred income from government grants is £7,600.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £6,500 each
650,000 
650,000 
10
Transactions with related parties
The Director has provided a loan to the company. The balance due to the Director at the date of the Balance Sheet was £78,844 (£73,630 2022). No interest has been charged on this loan. The parents of the director and second shareholder have provided an interest free loan to the company. The balance outstanding at the beginning of the term was £72,960, and has been reduced by £72,221 to £739 at the date of the Balance Sheet and has been entered under Creditors: amounts falling due within 1 year. No formal terms for repayment of the loan have been set out and is considered payable immediately on demand. It is expected that demand for repayment of the loan in part will occur within one year of the balance sheet date. Dividends of £2,000 were paid to each Shareholder during the year.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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