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REGISTERED NUMBER: 04551142 (England and Wales)



















PINECRAFT PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






PINECRAFT PROPERTIES LIMITED (REGISTERED NUMBER: 04551142)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


PINECRAFT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr I I Kaufman





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 04551142 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

PINECRAFT PROPERTIES LIMITED (REGISTERED NUMBER: 04551142)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,006,366 973,036

CURRENT ASSETS
Debtors 6 45,961 45,961
Cash at bank 4,917 29,754
50,878 75,715
CREDITORS
Amounts falling due within one year 7 1,086,174 1,084,925
NET CURRENT LIABILITIES (1,035,296 ) (1,009,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,930

)

(36,174

)

CREDITORS
Amounts falling due after more than one
year

8

13,703

15,926
NET LIABILITIES (42,633 ) (52,100 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (42,733 ) (52,200 )
(42,633 ) (52,100 )

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 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.

PINECRAFT PROPERTIES LIMITED (REGISTERED NUMBER: 04551142)

BALANCE SHEET - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2024 and were signed by:





Mr I I Kaufman - Director


PINECRAFT PROPERTIES LIMITED (REGISTERED NUMBER: 04551142)

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

1. STATUTORY INFORMATION

Pinecraft Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The director considers this to be appropriate having regard to the continued provision of financial support by the company's director and creditors.

4. EMPLOYEES AND DIRECTORS

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

PINECRAFT PROPERTIES LIMITED (REGISTERED NUMBER: 04551142)

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

5. FIXED ASSET INVESTMENTS
Syndicate-Sutton
Securities
£   
COST
At 1 April 2022 973,036
Additions 33,330
At 31 March 2023 1,006,366
NET BOOK VALUE
At 31 March 2023 1,006,366
At 31 March 2022 973,036

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 45,961 45,961

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,222 2,222
Taxation and social security 5,967 3,746
Other creditors 1,077,985 1,078,957
1,086,174 1,084,925

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 13,703 15,926

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

4,814

7,037

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 15,925 18,148

The bank loan is secured by a legal charge over the company's investment property and a fixed and floating charge over the undertaking and all property and assets.