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Registration number: 12883351

Pegasus Growth Alpha Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2022

Pages for Filing with Registrar

 

Pegasus Growth Alpha Ltd

(Registration number: 12883351)
Balance Sheet as at 30 September 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

5

100

100

Current assets

 

Debtors

6

-

100

Cash at bank and in hand

 

9,100

-

 

9,100

100

Creditors: Amounts falling due within one year

7

(13,318)

(2,600)

Net current liabilities

 

(4,218)

(2,500)

Net liabilities

 

(4,118)

(2,400)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(4,218)

(2,500)

Shareholders' deficit

 

(4,118)

(2,400)

 

Pegasus Growth Alpha Ltd

(Registration number: 12883351)
Balance Sheet as at 30 September 2022

For the financial year ending 30 September 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 February 2024
 

.........................................
C Pichler
Director

 

Pegasus Growth Alpha Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Chapel Street
Warwick
Warwickshire
CV34 4HL
United Kingdom

Principal activity

The principal activity of the Company is buying and selling of own real estate.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company made a loss in the period and has net current liabilities. The company is dependent on the support from the shareholders to continue as a going concern.

The financial statements have been prepared on a going concern basis that assumes further funding will be obtained.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

Pegasus Growth Alpha Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Pegasus Growth Alpha Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

3

Significant judgements and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4

Staff numbers

The average number of persons employed by the Company (including the director) during the year, was 0 (2021 - 0).

5

Investments

2022
£

2021
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 October 2021

100

Provision

Carrying amount

At 30 September 2022

100

At 30 September 2021

100

6

Debtors

2022
£

2021
£

Other debtors

-

100

-

100

 

Pegasus Growth Alpha Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

7

Creditors

2022
£

2021
£

Due within one year

Amounts owed to group undertakings and undertakings in which the company has a participating interest

12,318

1,850

Other creditors

1,000

750

13,318

2,600

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100