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Registration number: 11263632

Pebeto Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2022 to 31 December 2022

 

Pebeto Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Pebeto Limited

Company Information

Director

Mr T M Trueman

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Pebeto Limited
for the Period Ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pebeto Limited for the period ended 31 December 2022 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Pebeto Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pebeto Limited and state those matters that we have agreed to state to the Board of Directors of Pebeto Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pebeto Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pebeto Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Pebeto Limited. You consider that Pebeto Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Pebeto Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

22 February 2024

 

Pebeto Limited

(Registration number: 11263632)
Balance Sheet as at 31 December 2022

Note

2022
£

2022
£

Fixed assets

 

Tangible assets

4

8,238

9,070

Investments

5

243,202

207,600

 

251,440

216,670

Current assets

 

Debtors

6

38,568

33,011

Cash at bank and in hand

 

737

14,412

 

39,305

47,423

Creditors: Amounts falling due within one year

7

(40,667)

(35,264)

Net current (liabilities)/assets

 

(1,362)

12,159

Total assets less current liabilities

 

250,078

228,829

Creditors: Amounts falling due after more than one year

7

(281,053)

(250,020)

Net liabilities

 

(30,975)

(21,191)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(31,075)

(21,291)

Shareholders' deficit

 

(30,975)

(21,191)

For the financial period ending 31 December 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 period 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 20 February 2024
 

 

Pebeto Limited

(Registration number: 11263632)
Balance Sheet as at 31 December 2022

.........................................
Mr T M Trueman
Director

 

Pebeto Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

1

General information

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

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Pebeto Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

10% - written down value

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Trade 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.

Trade 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.

 

Pebeto Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

11,198

11,198

At 31 December 2022

11,198

11,198

Depreciation

At 1 April 2022

2,128

2,128

Charge for the period

832

832

At 31 December 2022

2,960

2,960

Carrying amount

At 31 December 2022

8,238

8,238

At 31 March 2022

9,070

9,070

Included within the net book value of land and buildings above is £8,237 (2022 - £9,070) in respect of freehold land and buildings.
 

 

Pebeto Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

5

Investments

2022
£

2022
£

Investments in subsidiaries

243,202

207,600

Subsidiaries

£

Cost or valuation

At 1 April 2022

207,600

Additions

35,602

At 31 December 2022

243,202

Provision

Carrying amount

At 31 December 2022

243,202

At 31 March 2022

207,600

 

Pebeto Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

6

Debtors

Note

2022
£

2022
£

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

10

36,902

31,345

Prepayments

 

1,666

1,666

 

38,568

33,011

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2022
£

Due within one year

 

Loans and borrowings

9

33,680

30,684

Accruals and deferred income

 

4,144

1,750

Other creditors

 

2,843

2,830

 

40,667

35,264

Creditors: amounts falling due after more than one year

Note

2022
£

2022
£

Due after one year

 

Loans and borrowings

9

161,417

188,925

Other non-current financial liabilities

 

119,636

61,095

 

281,053

250,020

8

Share capital

Allotted, called up and fully paid shares

 

2022

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Pebeto Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 31 December 2022

9

Loans and borrowings

2022
£

2022
£

Non-current loans and borrowings

Bank borrowings

161,417

188,925

2022
£

2022
£

Current loans and borrowings

Bank borrowings

33,680

30,684

10

Related party transactions

Transactions with the director

2022

At 1 April 2022
£

Other payments made to company by director
£

At 31 December 2022
£

Mr T M Trueman

The directors loan account balance is undated, unsecured, interest free and repayable on demand.

(2,830)

(13)

(2,843)

       
     

 

2022

At 1 April 2021
£

At 31 March 2022
£

Mr T M Trueman

The directors loan account balance is undated, unsecured, interest free and repayable on demand.

(2,830)

(2,830)