Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31No description of principal activityfalse2022-11-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2falsetrue2true 09423010 2022-11-01 2023-10-31 09423010 2021-11-01 2022-10-31 09423010 2023-10-31 09423010 2022-10-31 09423010 c:Director2 2022-11-01 2023-10-31 09423010 d:CurrentFinancialInstruments 2023-10-31 09423010 d:CurrentFinancialInstruments 2022-10-31 09423010 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09423010 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09423010 d:ShareCapital 2023-10-31 09423010 d:ShareCapital 2022-10-31 09423010 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 09423010 d:RetainedEarningsAccumulatedLosses 2023-10-31 09423010 d:RetainedEarningsAccumulatedLosses 2022-10-31 09423010 c:OrdinaryShareClass1 2022-11-01 2023-10-31 09423010 c:OrdinaryShareClass1 2023-10-31 09423010 c:OrdinaryShareClass1 2022-10-31 09423010 c:FRS102 2022-11-01 2023-10-31 09423010 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09423010 c:FullAccounts 2022-11-01 2023-10-31 09423010 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09423010 6 2022-11-01 2023-10-31 09423010 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09423010









PIMPLOS INVESTMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
PIMPLOS INVESTMENTS LIMITED
REGISTERED NUMBER: 09423010

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
275,177
263,504

Current assets
  

Stocks
  
346,852
333,053

Debtors: amounts falling due within one year
 6 
1,270
1,270

Cash at bank
  
92,539
101,073

  
440,661
435,396

  

Creditors: amounts falling due within one year
 7 
(186,806)
(185,873)

Net current assets
  
 
 
253,855
 
 
249,523

Total assets less current liabilities
  
529,032
513,027

  

Net assets
  
529,032
513,027


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
 9 
529,031
513,026

  
529,032
513,027


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Mrs C J Dicken
Director

Date: 19 July 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
PIMPLOS INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


GENERAL INFORMATION

Pimplos Investments Limited is a private Company, limited by shares and incorporated in England and Wales, in the United Kingdom. The address of the registered office is 5 Dukes Park, Woodbridge, Suffolk, IP12 4DD. The Company is not part of a group. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The Company's functional and presentational currency is GBP.
These financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The directors consider that the resources available to the Company will be sufficient for it to be able to continue as a going concern. Accordingly the financial statements have been prepared on a going concern basis.

 
2.3

TURNOVER

Turnover comprises rent receivable for the period together with other property related income, exclusive of Value Added Tax and trade discounts.

Page 2

 
PIMPLOS INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to the present location and condition.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
PIMPLOS INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

CREDITORS

Short term creditors are measured at the transaction price.

 
2.10

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
PIMPLOS INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


FIXED ASSET INVESTMENTS





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 November 2022
263,469
35
263,504


Additions
13,516
-
13,516


Disposals
(9,020)
-
(9,020)


Revaluations
7,177
-
7,177



At 31 October 2023
275,142
35
275,177





5.


STOCKS

2023
2022
£
£

Work in progress
346,852
333,053


Work in progress relates to properties under construction which have been jointly developed with other parties. The company's share of the current development reflected in work in progress is 1/3. The directors view is that the company's share (1/3) of the expected sales proceeds exceeds the cost of the development.


6.


DEBTORS

2023
2022
£
£


Other debtors
1,270
1,270


Page 5

 
PIMPLOS INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Other creditors
182,806
181,873

Accruals and deferred income
4,000
4,000

186,806
185,873



 


8.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



9.


RESERVES

Profit and loss account

The profit and loss account represents accumulated comprehensive income of the year and prior periods less any dividends paid.


10.


RELATED PARTY TRANSACTIONS

During the year the Company operated loans with the directors of the Company. The amount payable to the directors of the Company at the year end was £182,806 (2022 - £181,873). These loans are interest free and repayable on demand.


11.


CONTROLLING PARTY

The controlling party is Mrs C J Dicken by virtue of her 100% shareholding.


Page 6