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REGISTERED NUMBER: 05362945 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

PENDLE PROJECTS LIMITED

PENDLE PROJECTS LIMITED (REGISTERED NUMBER: 05362945)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENDLE PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: M R Taylforth





SECRETARY: Mrs M N Taylforth





REGISTERED OFFICE: The Wheelhouse
Unit 1 Victory Business Park
West Close Road
Barnoldswick
Lancashire
BB18 5DH





REGISTERED NUMBER: 05362945 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

PENDLE PROJECTS LIMITED (REGISTERED NUMBER: 05362945)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,724 155,474
Investments 5 101 101
Investment property 6 1,191,221 1,175,731
1,368,046 1,331,306

CURRENT ASSETS
Stocks 109,542 -
Debtors 7 95,633 99,133
Cash at bank and in hand 1,600,794 1,779,378
1,805,969 1,878,511
CREDITORS
Amounts falling due within one year 8 12,157 68,825
NET CURRENT ASSETS 1,793,812 1,809,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,161,858

3,140,992

PROVISIONS FOR LIABILITIES 26,326 22,712
NET ASSETS 3,135,532 3,118,280

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 126,829 126,829
Retained earnings 3,007,703 2,990,451
SHAREHOLDERS' FUNDS 3,135,532 3,118,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PENDLE PROJECTS LIMITED (REGISTERED NUMBER: 05362945)

BALANCE SHEET - continued
31ST MARCH 2024


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 director and authorised for issue on 22nd July 2024 and were signed by:





M R Taylforth - Director


PENDLE PROJECTS LIMITED (REGISTERED NUMBER: 05362945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Pendle Projects 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.


PENDLE PROJECTS LIMITED (REGISTERED NUMBER: 05362945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 132,772 18,431 43,066 1,083 195,352
Additions 13,429 - 19,167 - 32,596
At 31st March 2024 146,201 18,431 62,233 1,083 227,948
DEPRECIATION
At 1st April 2023 8,887 8,950 20,958 1,083 39,878
Charge for year 2,799 1,423 7,124 - 11,346
At 31st March 2024 11,686 10,373 28,082 1,083 51,224
NET BOOK VALUE
At 31st March 2024 134,515 8,058 34,151 - 176,724
At 31st March 2023 123,885 9,481 22,108 - 155,474

5. FIXED ASSET INVESTMENTS
Interest
in
associates
£   
COST
At 1st April 2023
and 31st March 2024 101
NET BOOK VALUE
At 31st March 2024 101
At 31st March 2023 101

PENDLE PROJECTS LIMITED (REGISTERED NUMBER: 05362945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,175,731
Additions 15,490
At 31st March 2024 1,191,221
NET BOOK VALUE
At 31st March 2024 1,191,221
At 31st March 2023 1,175,731

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 1,191,221

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,042,090 1,026,600

Investment property was valued on a fair value basis on 31st March 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 911
Other debtors 95,633 98,222
95,633 99,133

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 1,872 2,218
Other creditors 10,285 66,607
12,157 68,825

9. RESERVES
Fair
value
reserve
£   
At 1st April 2023
and 31st March 2024 126,829