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REGISTERED NUMBER: 08375332 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PINK SINK LTD

PINK SINK LTD (REGISTERED NUMBER: 08375332)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINK SINK LTD

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTOR: Ms Z H S Poskitt





REGISTERED OFFICE: Ossington Chambers
6/8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 08375332 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

PINK SINK LTD (REGISTERED NUMBER: 08375332)

BALANCE SHEET
31st March 2023

31/3/23 31/3/22
Notes £    £   
CURRENT ASSETS
Debtors 5 6,642 86,591
Investments 6 - 64
Cash at bank 11,612 323
18,254 86,978
CREDITORS
Amounts falling due within one year 7 371,718 377,607
NET CURRENT LIABILITIES (353,464 ) (290,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(353,464

)

(290,629

)

CREDITORS
Amounts falling due after more than one
year

8

130,581

36,068
NET LIABILITIES (484,045 ) (326,697 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (484,047 ) (326,699 )
SHAREHOLDERS' FUNDS (484,045 ) (326,697 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PINK SINK LTD (REGISTERED NUMBER: 08375332)

BALANCE SHEET - continued
31st March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th November 2023 and were signed by:





Ms Z H S Poskitt - Director


PINK SINK LTD (REGISTERED NUMBER: 08375332)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Pink Sink 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

PINK SINK LTD (REGISTERED NUMBER: 08375332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2022
and 31st March 2023 1,512
DEPRECIATION
At 1st April 2022
and 31st March 2023 1,512
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Amounts owed by associates 6,642 86,591

6. CURRENT ASSET INVESTMENTS
31/3/23 31/3/22
£    £   
Unlisted investments - 64

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 5,500 10,000
Other loans 112,514 -
Trade creditors - 480
Amounts owed to associates 53,590 66,433
Other creditors 39,249 23,991
Directors' current accounts 159,605 274,283
Accrued expenses 1,260 2,420
371,718 377,607

PINK SINK LTD (REGISTERED NUMBER: 08375332)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans - 1-2 years 5,500 10,000
Bank loans - 2-5 years 16,500 26,068
Bank loans more than 5 years
repayable by instalments 14,277 -
Other creditors - 1-2 years 20,208 -
Other creditors - 2-5 years 60,624 -
Other creditors more 5 yr by
instal 13,472 -
130,581 36,068

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
repayable by instalments 14,277 -
Other creditors more 5 yr by
instal 13,472 -
27,749 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
1 Ordinary £1 1 1
1 B Ordinary £1 1 1
2 2

10. RELATED PARTY DISCLOSURES

During the year a liability and expense of £134,142 has been recognised in these accounts in relation to an intercompany guarantee provided by the company in relation to a loan provided by a third party to subsidiary NestEast Construction Limited. NestEast Construction Limited went into liquidation prior to the year end and therefore the liability is to be paid by Pink Sink Limited. At the 31 March 2023, the company still owed amounts to the third party in relation to the loan of £114,512, of which £20,208 is included in other creditors due in less than one year and £94,304 is included in other creditors due in more than one year.