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PINNACLE FINANCE AND PROPERTY GROUP
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






PINNACLE FINANCE AND PROPERTY GROUP
LIMITED (REGISTERED NUMBER: 10567343)






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

Report of the Accountants 7

PINNACLE FINANCE AND PROPERTY GROUP
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: S J Harding
D K Sparkes





REGISTERED OFFICE: 86 Broadway
Leigh-on-Sea
Essex
SS9 1AE





REGISTERED NUMBER: 10567343 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

PINNACLE FINANCE AND PROPERTY GROUP
LIMITED (REGISTERED NUMBER: 10567343)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,472 73,932

CURRENT ASSETS
Debtors 5 157,365 171,779
Cash at bank 1,767 2
159,132 171,781
CREDITORS
Amounts falling due within one year 6 201,334 91,171
NET CURRENT (LIABILITIES)/ASSETS (42,202 ) 80,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,270

154,542

CREDITORS
Amounts falling due after more than one
year

7

(121,029

)

(139,743

)

PROVISIONS FOR LIABILITIES (11,680 ) (7,796 )
NET (LIABILITIES)/ASSETS (113,439 ) 7,003

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (113,539 ) 6,903
SHAREHOLDERS' FUNDS (113,439 ) 7,003

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 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.

PINNACLE FINANCE AND PROPERTY GROUP
LIMITED (REGISTERED NUMBER: 10567343)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th February 2024 and were signed on its behalf by:




S J Harding - Director



D K Sparkes - Director


PINNACLE FINANCE AND PROPERTY GROUP
LIMITED (REGISTERED NUMBER: 10567343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Pinnacle Finance and Property Group 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.

The accounts have been drawn up on the going concern basis as the company's directors have agreed to continue to support the company for at least one year from the balance sheet date.

If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

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.
Furniture and fixtures - 20% on reducing balance

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.


PINNACLE FINANCE AND PROPERTY GROUP
LIMITED (REGISTERED NUMBER: 10567343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Furniture
and
fixtures
£   
COST
At 1st April 2022 105,853
Additions 2,649
At 31st March 2023 108,502
DEPRECIATION
At 1st April 2022 31,921
Charge for year 15,109
At 31st March 2023 47,030
NET BOOK VALUE
At 31st March 2023 61,472
At 31st March 2022 73,932

PINNACLE FINANCE AND PROPERTY GROUP
LIMITED (REGISTERED NUMBER: 10567343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on contracts 150,470 162,650
Other debtors 5,000 5,000
Prepayments and accrued income 1,895 4,129
157,365 171,779

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,286 27,760
Trade creditors 2,898 3,798
Corporation tax 15,140 -
Social security and other taxes 55,669 20,856
Other creditors 86,451 34,173
Directors' current accounts 3,155 1,181
Accrued expenses 5,735 3,403
201,334 91,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans due in 1 - 2 years 24,327 27,464
Bank loans due in 2 - 5 years 72,952 94,385
Bank loans due in more than 5 years 23,750 17,894
121,029 139,743

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 23,750 17,894

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

PINNACLE FINANCE AND PROPERTY GROUP
LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PINNACLE FINANCE AND PROPERTY GROUP
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


19th February 2024