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REGISTERED NUMBER: 11561216 (England and Wales)






PINFOLD VENTURES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






PINFOLD VENTURES LIMITED (REGISTERED NUMBER: 11561216)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PINFOLD VENTURES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTOR: A M Clack





REGISTERED OFFICE: 100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: 11561216 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

PINFOLD VENTURES LIMITED (REGISTERED NUMBER: 11561216)

BALANCE SHEET
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 475,068 2,885,025

CURRENT ASSETS
Debtors 5 32,466,503 30,146,595
Cash at bank 683 1,017
32,467,186 30,147,612
CREDITORS
Amounts falling due within one year 6 19,892,704 19,869,974
NET CURRENT ASSETS 12,574,482 10,277,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,049,550

13,162,663

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 460,273 2,870,230
Retained earnings 8 12,589,177 10,292,333
SHAREHOLDERS' FUNDS 13,049,550 13,162,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 8 August 2024 and were signed by:





A M Clack - Director


PINFOLD VENTURES LIMITED (REGISTERED NUMBER: 11561216)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Pinfold Ventures 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Interest receivable
Interest receivable is recognised in the income statement in the period to which it relates.

Investments
Investments in unlisted shares are carried at fair value. Fair value is measured by the director at each reporting date with any change shown in the income statement.

3. EMPLOYEES AND DIRECTORS

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

PINFOLD VENTURES LIMITED (REGISTERED NUMBER: 11561216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 December 2022 2,885,025
Revaluations (2,409,957 )
At 30 November 2023 475,068
NET BOOK VALUE
At 30 November 2023 475,068
At 30 November 2022 2,885,025

Cost or valuation at 30 November 2023 is represented by:

Unlisted
investments
£   
Valuation in 2021 3,698,804
Valuation in 2022 (828,574 )
Valuation in 2023 (2,409,957 )
Cost 14,795
475,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Amounts owed by group undertakings 6,218,250 1,820,000
Other debtors 15,893,056 20,027,226
Prepayments and accrued income 10,355,197 8,299,369
32,466,503 30,146,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 150 -
Amounts owed to group undertakings 19,827,500 19,825,000
Corporation tax payable 60,824 40,864
Accrued expenses 4,230 4,110
19,892,704 19,869,974

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
100 Ordinary £1 100 100

PINFOLD VENTURES LIMITED (REGISTERED NUMBER: 11561216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 10,292,333 2,870,230 13,162,563
Deficit for the year (113,113 ) (113,113 )
Transfer between reserves 2,409,957 (2,409,957 ) -
At 30 November 2023 12,589,177 460,273 13,049,450

9. PARENT UNDERTAKING

AM Clack Limited, a company registered in England & Wales is regarded as the parent company. The registered office address is 100 Boldmere Road, Sutton Coldfield, West Midlands, B73 5UB.