Caseware UK (AP4) 2021.0.152 2021.0.152 2023-03-312023-03-310true2022-04-01No description of principal activitytrue0true 03296134 2022-04-01 2023-03-31 03296134 2021-04-01 2022-03-31 03296134 2023-03-31 03296134 2022-03-31 03296134 c:Director5 2022-04-01 2023-03-31 03296134 d:CurrentFinancialInstruments 2023-03-31 03296134 d:CurrentFinancialInstruments 2022-03-31 03296134 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03296134 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03296134 d:ShareCapital 2023-03-31 03296134 d:ShareCapital 2022-03-31 03296134 d:RetainedEarningsAccumulatedLosses 2023-03-31 03296134 d:RetainedEarningsAccumulatedLosses 2022-03-31 03296134 c:EntityNoLongerTradingButTradedInPast 2022-04-01 2023-03-31 03296134 c:FRS102 2022-04-01 2023-03-31 03296134 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03296134 c:FullAccounts 2022-04-01 2023-03-31 03296134 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 03296134









PINNACLE TELECOM (WALES) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
PINNACLE TELECOM (WALES) LIMITED
REGISTERED NUMBER: 03296134

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
4,919,220
4,902,346

Cash at bank and in hand
  
240
31,159

  
4,919,460
4,933,505

Creditors: amounts falling due within one year
  
(219,019)
(233,064)

Net current assets
  
 
 
4,700,441
 
 
4,700,441

Total assets less current liabilities
  
4,700,441
4,700,441

  

Net assets
  
4,700,441
4,700,441


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,700,341
4,700,341

  
4,700,441
4,700,441


For the year ended 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 November 2023.




................................................
J N Wilson
Page 1

 
PINNACLE TELECOM (WALES) LIMITED
REGISTERED NUMBER: 03296134
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
PINNACLE TELECOM (WALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Pinnacle Telecom (Wales) Limited is a private company limited by shares incorporated in
England and Wales. Registered number 03296134. 
The registered office is located at Glebe Farm, Down Street, Dummer, Basingstoke, RG25 2AD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
PINNACLE TELECOM (WALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
4,914,030
4,896,945

Other debtors
5,190
5,401

4,919,220
4,902,346


Amounts owed by group undertakings are interest free and repayable on demand.


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
240
31,159

240
31,159



5.


Contingent liabilities

The Company has entered into a cross guarantee agreement to secure the bank loans of Southern Communications Group Limited and its subsiduaries. At the year end, the value of total outstanding facilities were £222,234,755 (2022: £205,637,194). 


6.


Controlling party

The Company's immediate parent is Pinnacle Managed Services Limited, incorporated in England
and Wales.
The parent of the smallest group for which consolidated accounts are prepared is Southern Communications Group Limited. These financial statements are available upon request from Glebe Farm, Down Street, Dummer, Basingstoke, Hampshire RG25 2AD.
The ultimate parent Company is Saint Topco Limited. The Directors believe there to be no ultimate controlling party.

Page 4