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REGISTERED NUMBER: 12511246 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Christian Grant - Pineapple Inn Ltd

Christian Grant - Pineapple Inn Ltd (Registered number: 12511246)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Christian Grant - Pineapple Inn Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs M O Draper
K G Draper





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 12511246 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Christian Grant - Pineapple Inn Ltd (Registered number: 12511246)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 768,620 -
Investment property 5 6,110,741 -
6,879,361 -

CURRENT ASSETS
Stocks - 510,146
Debtors 6 41,589 -
Cash at bank 83 143
41,672 510,289
CREDITORS
Amounts falling due within one year 7 46,725 1,921
NET CURRENT (LIABILITIES)/ASSETS (5,053 ) 508,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,874,308

508,368

CREDITORS
Amounts falling due after more than one
year

8

(3,914,429

)

(510,620

)

PROVISIONS FOR LIABILITIES (739,964 ) -
NET ASSETS/(LIABILITIES) 2,219,915 (2,252 )

Christian Grant - Pineapple Inn Ltd (Registered number: 12511246)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 10 10
Fair value reserve 10 2,219,892 -
Retained earnings 13 (2,262 )
SHAREHOLDERS' FUNDS 2,219,915 (2,252 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 19 April 2024 and were signed on its behalf by:




K G Draper - Director



Mrs M O Draper - Director


Christian Grant - Pineapple Inn Ltd (Registered number: 12511246)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Christian Grant - Pineapple Inn Ltd 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment properties are recorded at valuation. No depreciation is provided on freehold properties as such assets are not held for consumption, but as investments, and the properties are well maintained and externally valued on a regular open market basis.

Any surplus or deficit arising on revaluing investment properties is recognised in the fair value reserve. Disposals are recognised on completion. Profits and losses arising are recognised through the profit and loss account; the profit on disposal is determined as the difference between the sales proceeds and the carrying amount of the asset at the commencement of the accounting period plus additions in the period.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Christian Grant - Pineapple Inn Ltd (Registered number: 12511246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 904,259
At 31 March 2023 904,259
DEPRECIATION
Charge for year 135,639
At 31 March 2023 135,639
NET BOOK VALUE
At 31 March 2023 768,620

Christian Grant - Pineapple Inn Ltd (Registered number: 12511246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 3,150,886
Revaluations 2,959,855
At 31 March 2023 6,110,741
NET BOOK VALUE
At 31 March 2023 6,110,741

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 2,959,855
Cost 3,150,886
6,110,741

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 41,589 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 43,846 -
Other creditors 2,879 1,921
46,725 1,921

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 3,862,886 -
Amounts owed to group undertakings 51,543 510,620
3,914,429 510,620

Christian Grant - Pineapple Inn Ltd (Registered number: 12511246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 3,687,504 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10 Ordinary 1 10 10

10. RESERVES
Fair
value
reserve
£   
Revaluation in year 2,959,856
Deferred tax on revaluation (739,964 )

At 31 March 2023 2,219,892