Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Camden 1919 Limited 03/03/2023 12/09/2022 E J Machan 24/08/2023 M W Machan 24/08/2023 30/12/2014 02 August 2024 The principal activity of the Company during the financial year was property development, buying and selling of real estate and Letting of real estate. 09369228 2023-12-31 09369228 bus:Director1 2023-12-31 09369228 bus:Director2 2023-12-31 09369228 bus:Director3 2023-12-31 09369228 2022-12-31 09369228 core:CurrentFinancialInstruments 2023-12-31 09369228 core:CurrentFinancialInstruments 2022-12-31 09369228 core:ShareCapital 2023-12-31 09369228 core:ShareCapital 2022-12-31 09369228 core:RetainedEarningsAccumulatedLosses 2023-12-31 09369228 core:RetainedEarningsAccumulatedLosses 2022-12-31 09369228 2023-01-01 2023-12-31 09369228 bus:FilletedAccounts 2023-01-01 2023-12-31 09369228 bus:SmallEntities 2023-01-01 2023-12-31 09369228 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09369228 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09369228 bus:Director1 2023-01-01 2023-12-31 09369228 bus:Director2 2023-01-01 2023-12-31 09369228 bus:Director3 2023-01-01 2023-12-31 09369228 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 09369228 (England and Wales)

PIGLET LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

PIGLET LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

PIGLET LIMITED

BALANCE SHEET

As at 31 December 2023
PIGLET LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 379,341 379,341
379,341 379,341
Current assets
Debtors 4 84,997 10,060
Cash at bank and in hand 68,914 2,416
153,911 12,476
Creditors: amounts falling due within one year 5 ( 553,467) ( 412,006)
Net current liabilities (399,556) (399,530)
Total assets less current liabilities (20,215) (20,189)
Net liabilities ( 20,215) ( 20,189)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 20,216 ) ( 20,190 )
Total shareholder's deficit ( 20,215) ( 20,189)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Piglet Limited (registered number: 09369228) were approved and authorised for issue by the Director on 02 August 2024. They were signed on its behalf by:

E J Machan
Director
PIGLET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
PIGLET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Piglet Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Pest House Bedlam Street, Hurstpierpoint, Hassocks, BN6 9EW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 January 2023 379,341
As at 31 December 2023 379,341

4. Debtors

2023 2022
£ £
Prepayments 1,430 10,060
Other debtors 83,567 0
84,997 10,060

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 375,000 118,350
Amounts owed to director 0 248,255
Other loans 177,651 44,111
Accruals 816 1,290
553,467 412,006