IRIS Accounts Production v24.1.9.2 04400738 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044007382023-06-30044007382024-06-30044007382023-07-012024-06-30044007382022-06-30044007382022-07-012023-06-30044007382023-06-3004400738ns15:EnglandWales2023-07-012024-06-3004400738ns14:PoundSterling2023-07-012024-06-3004400738ns10:Director12023-07-012024-06-3004400738ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004400738ns10:SmallEntities2023-07-012024-06-3004400738ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004400738ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004400738ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004400738ns10:FullAccounts2023-07-012024-06-3004400738ns10:Director22023-07-012024-06-3004400738ns10:CompanySecretary12023-07-012024-06-3004400738ns10:RegisteredOffice2023-07-012024-06-3004400738ns5:CurrentFinancialInstruments2024-06-3004400738ns5:CurrentFinancialInstruments2023-06-3004400738ns5:Non-currentFinancialInstruments2024-06-3004400738ns5:Non-currentFinancialInstruments2023-06-3004400738ns5:ShareCapital2024-06-3004400738ns5:ShareCapital2023-06-3004400738ns5:RetainedEarningsAccumulatedLosses2024-06-3004400738ns5:RetainedEarningsAccumulatedLosses2023-06-3004400738ns5:PlantMachinery2023-06-3004400738ns5:PlantMachinery2023-07-012024-06-3004400738ns5:PlantMachinery2024-06-3004400738ns5:PlantMachinery2023-06-3004400738ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004400738ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004400738ns5:WithinOneYear2024-06-3004400738ns5:WithinOneYear2023-06-3004400738ns5:BetweenOneFiveYears2024-06-3004400738ns5:BetweenOneFiveYears2023-06-3004400738ns5:MoreThanFiveYears2024-06-3004400738ns5:MoreThanFiveYears2023-06-3004400738ns5:AllPeriods2024-06-3004400738ns5:AllPeriods2023-06-3004400738ns5:DeferredTaxation2023-06-3004400738ns5:DeferredTaxation2023-07-012024-06-3004400738ns5:DeferredTaxation2024-06-30044007381ns10:Director12023-06-30044007381ns10:Director12022-06-30044007381ns10:Director12023-07-012024-06-30044007381ns10:Director12022-07-012023-06-30044007381ns10:Director12024-06-30044007381ns10:Director12023-06-30
REGISTERED NUMBER: 04400738 (England and Wales)















PINESHIELD MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






PINESHIELD MANAGEMENT LIMITED (REGISTERED NUMBER: 04400738)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


PINESHIELD MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mrs C R Dwyer
J P Dwyer



SECRETARY: Mrs C R Dwyer



REGISTERED OFFICE: Sherborne House
Sherborne Avenue
Rear of 378 Cyncoed Road
CARDIFF
CF23 6SA



REGISTERED NUMBER: 04400738 (England and Wales)



ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF



BANKERS: Santander
5-7 Queen Street
Cardiff
CF10 2AF

PINESHIELD MANAGEMENT LIMITED (REGISTERED NUMBER: 04400738)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,439 4,143

CURRENT ASSETS
Debtors 5 178,504 205,760
Cash at bank and in hand 38,492 6,284
216,996 212,044
CREDITORS
Amounts falling due within one year 6 85,790 100,517
NET CURRENT ASSETS 131,206 111,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,645

115,670

CREDITORS
Amounts falling due after more than one
year

7

(27,316

)

(32,870

)

PROVISIONS FOR LIABILITIES 9 (1,012 ) -
NET ASSETS 109,317 82,800

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 108,317 81,800
SHAREHOLDERS' FUNDS 109,317 82,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

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

PINESHIELD MANAGEMENT LIMITED (REGISTERED NUMBER: 04400738)

BALANCE SHEET - continued
30TH JUNE 2024


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 Board of Directors and authorised for issue on 21st August 2024 and were signed on its behalf by:





J P Dwyer - Director


PINESHIELD MANAGEMENT LIMITED (REGISTERED NUMBER: 04400738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Pineshield Management 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.

The accounts have been prepared on a going concern basis.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Recoverability of debtors
Estimation is involved in the assessment of the recoverability of debtors and the calculation of the associated bad debt provision. Factors such as the age of the debt, prior experience and recoverability statistics are included in management's assessment.

Useful economic lives of tangible fixed assets
Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where appropriate. Management regularly reviews the assets' useful economic lives. Changes in assets' useful economic lives can have a significant impact on depreciation for the period. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Provision for impairments
Tangible fixed assets are reviewed for signs of impairment each year and written down accordingly. All tangible fixed assets are reviewed by management in conjunction with market data and other relevant information. Changes in any of the factors considered for impairments can affect the value reported in the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and Machinery -25% Reducing balance method
Fixtures and Fittings - 25% Reducing balance method
Computer Equipment -33% Reducing balance method

PINESHIELD MANAGEMENT LIMITED (REGISTERED NUMBER: 04400738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument has a variable interest rate the currently effective rate under the contract is used.

A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewards of ownership of the financial asset have been transferred to another party or when despite having retained some, but not substantially all, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are 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.

Deferred tax is included in the provisions figure on the balance sheet.

PINESHIELD MANAGEMENT LIMITED (REGISTERED NUMBER: 04400738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Going concern
These financial statements have been prepared on a going concern basis on the grounds that the Directors consider that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

Debtors
Debtors include trade debtors and certain other financial instruments and prepayments. Prepayments are payments made for goods or services that will be received in the future.

Creditors
Creditors include trade creditors and certain other short and long-term financial instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2023 - 48 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 64,931
Additions 3,952
At 30th June 2024 68,883
DEPRECIATION
At 1st July 2023 60,788
Charge for year 1,656
At 30th June 2024 62,444
NET BOOK VALUE
At 30th June 2024 6,439
At 30th June 2023 4,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,106 65,143
Other debtors 124,398 140,617
178,504 205,760

PINESHIELD MANAGEMENT LIMITED (REGISTERED NUMBER: 04400738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 11,083 31,626
Taxation and social security 19,491 20,499
Other creditors 49,660 42,836
85,790 100,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,316 32,870

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,093 10,648

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 19,244 15,524
Between one and five years 106,499 35,776
In more than five years 9,500 31,667
135,243 82,967

9. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 1,012

Deferred
tax
£   
Balance at 1st July 2023 (12,229 )
Charge to Income Statement during year 13,241
Balance at 30th June 2024 1,012

PINESHIELD MANAGEMENT LIMITED (REGISTERED NUMBER: 04400738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
J P Dwyer
Balance outstanding at start of year - -
Amounts advanced 3,074 -
Amounts repaid (3,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74 -

Interest is not charged on the loan to the director and is receivable upon demand.

11. RELATED PARTY DISCLOSURES

The total amount due from Telltale Trading UK Ltd at the year end iss £59,548 (2023: £57,058).
This has arisen due to amounts loaned to Telltale Trading UK Limited.

Telltale Trading UK Ltd is reliant on funding as a source of income, should the funding cease the loan payable to Pineshield Management Ltd may not be recoverable. This would have an impact on Pineshield Management Ltd reserves.

An amount of £21,081 was owed by Telltale Investments UK Limited in 2023 in respect of a loan and costs incurred on their behalf, the holding company of Pineshield Management Limited. During this year, this has been settled with nothing due at the balance sheet date.

An amount of £23,860 (2023: £20,467) in respect of recharges was due from Telltale Consulting UK Limited at the end of the year.

Telltale Investments UK Limited is also the holding company of Telltale Trading UK Ltd and Telltale Consulting UK Limited.

All of these balances are included within other debtors.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Telltale Investments UK LTD.