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REGISTERED NUMBER: 11187817 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

PENDLE BUSINESS PARK LIMITED

PENDLE BUSINESS PARK LIMITED (REGISTERED NUMBER: 11187817)

Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PENDLE BUSINESS PARK LIMITED

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: G Taj
S Khalid





SECRETARY:





REGISTERED OFFICE: Pegasus House
5 Winckley Court
Mount Street
Preston
PR1 8BU





REGISTERED NUMBER: 11187817 (England and Wales)

PENDLE BUSINESS PARK LIMITED (REGISTERED NUMBER: 11187817)

Balance Sheet
28 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 14,650,000
Debtors 4 2,236,307 128,245
Cash at bank 521,594 10,405
2,757,901 14,788,650
CREDITORS
Amounts falling due within one year 5 2,522,986 4,577,710
NET CURRENT ASSETS 234,915 10,210,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,915

10,210,940

CAPITAL AND RESERVES
Called up share capital 13,333 13,333
Revaluation reserve 6 - 10,185,096
Retained earnings 221,582 12,511
234,915 10,210,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





G Taj - Director


PENDLE BUSINESS PARK LIMITED (REGISTERED NUMBER: 11187817)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Pendle Business Park Limited 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.

Construction costs
The Construction costs are reflected in the accounts at the fair value. The fair value was ascertained by an independent valuation.

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,236,307 128,245

PENDLE BUSINESS PARK LIMITED (REGISTERED NUMBER: 11187817)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 282,585 76,847
Taxation and social security 1,215,626 21,448
Other creditors 1,024,775 4,479,415
2,522,986 4,577,710

6. RESERVES
Revaluation
reserve
£   
At 1 March 2022 10,185,096
Revaluation Reserve (10,185,096 )

At 28 February 2023 -