1 April 2022 false No description of principal activity Taxfiler 2023.10 12490488business:PrivateLimitedCompanyLtd2022-04-012023-03-31 124904882022-03-31 124904882022-04-012023-03-31 12490488business:AuditExemptWithAccountantsReport2022-04-012023-03-31 12490488business:FilletedAccounts2022-04-012023-03-31 124904882023-03-31 12490488business:Director12022-04-012023-03-31 12490488business:Director22022-04-012023-03-31 12490488business:Director32022-04-012023-03-31 12490488business:RegisteredOffice2022-04-012023-03-31 124904882022-03-31 12490488core:WithinOneYear2023-03-31 12490488core:WithinOneYear2022-03-31 12490488core:AfterOneYear2023-03-31 12490488core:AfterOneYear2022-03-31 12490488core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 12490488core:SharePremiumcore:PreviouslyStatedAmount2022-03-31 12490488core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12490488core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 12490488core:PreviouslyStatedAmount2023-03-31 12490488core:PreviouslyStatedAmount2022-03-31 12490488business:SmallEntities2022-04-012023-03-31 12490488countries:EnglandWales2022-04-012023-03-31 12490488core:LandBuildings2022-04-012023-03-31 12490488core:FurnitureFittings2022-04-012023-03-31 12490488core:ComputerEquipment2022-04-012023-03-31 12490488core:LandBuildings2022-03-31 12490488core:FurnitureFittings2022-03-31 12490488core:ComputerEquipment2022-03-31 12490488core:LandBuildings2023-03-31 12490488core:FurnitureFittings2023-03-31 12490488core:ComputerEquipment2023-03-31 124904882021-04-012022-03-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Pentire Estate Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
779,470 
788,184 
Current assets
Debtors
101,806 
3,745 
Cash at bank and in hand
16,301 
9,794 
118,107 
13,539 
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)
Net assets
35,980 
17,756 
Capital and reserves
Share premium
3 
3 
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
- 4 -
Pentire Estate Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
Turnover
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:
Land & buildings
Nil
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
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.
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.
- 5 -
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 
Depreciation
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 
Net book value
At 31 March 2023
745,093 
30,524 
3,853 
779,470 
At 31 March 2022
743,883 
41,781 
2,520 
788,184 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,054 
Trade debtors
- 
522 
Amounts due from group undertakings etc.
48,456 
- 
Accrued income and prepayments
1,222 
1,167 
Other debtors
52,128 
2 
101,806 
3,745 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,800 
- 
VAT
3,277 
- 
Trade creditors
389 
72 
Amounts owed to group undertakings and other participating interests
- 
41,469 
Other creditors
178,082 
575 
Loans from directors
164,749 
367,024 
Accruals
10,693 
9,336 
367,990 
418,476 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
341,700 
200,000 
Accruals
150,638 
158,774 
492,338 
358,774 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 6 -