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REGISTERED NUMBER: 12084439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Pinsi Ltd

Pinsi Ltd (Registered number: 12084439)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Pinsi Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Ms T Patel - Solanki
Mrs P Patel
Mr A Patel





REGISTERED OFFICE: 11 Long Close
Scraptoft
Leicester
Leicestershire
LE7 9XS





REGISTERED NUMBER: 12084439 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Pinsi Ltd (Registered number: 12084439)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 278,746 278,746

CURRENT ASSETS
Debtors 1,000 -
Cash at bank 13,936 2,127
14,936 2,127
CREDITORS
Amounts falling due within one year 278,420 269,126
NET CURRENT LIABILITIES (263,484 ) (266,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,262

11,747

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 15,258 11,743
15,262 11,747

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

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

The directors acknowledge their 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.

Pinsi Ltd (Registered number: 12084439)

Abridged Balance Sheet - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mr A Patel - Director


Pinsi Ltd (Registered number: 12084439)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 278,746
NET BOOK VALUE
At 31 July 2024 278,746
At 31 July 2023 278,746

Pinsi Ltd (Registered number: 12084439)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. INVESTMENT PROPERTY - continued

The fair value of the property at 31 July 2024 has been arrived at on the basis of a valuation carried out at that date by directors of the company, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takes into account the current state of the rental market in the area where the property is situated.

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors and shareholders have provided the following loans to the company:

Mr A Patel: At 31 July 2024 £835 (2023 £835)
Ms T Patel: At 31 July 2024 £140,835 (2023 £140,835)

The above loans are included in Creditors. The loans are unsecured, interest free and repayable on
demand.

5. RELATED PARTY DISCLOSURES

MSK Osteopath Limited (a company in which Mr A Patel and Mrs P Patel are directors and shareholder) - during the year the company owed £135,445 (2023: £125,000) to MSK Osteopath Limited.