IRIS Accounts Production v24.1.4.33 07614089 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076140892022-08-31076140892023-08-31076140892022-09-012023-08-31076140892021-08-31076140892021-09-012022-08-31076140892022-08-3107614089ns15:EnglandWales2022-09-012023-08-3107614089ns14:PoundSterling2022-09-012023-08-3107614089ns10:Director12022-09-012023-08-3107614089ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3107614089ns10:SmallEntities2022-09-012023-08-3107614089ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3107614089ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3107614089ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3107614089ns10:FullAccounts2022-09-012023-08-3107614089ns10:EntityNoLongerTradingButTradedInPast2022-09-012023-08-3107614089ns5:CurrentFinancialInstruments2023-08-3107614089ns5:CurrentFinancialInstruments2022-08-3107614089ns5:ShareCapital2023-08-3107614089ns5:ShareCapital2022-08-3107614089ns5:RetainedEarningsAccumulatedLosses2023-08-3107614089ns5:RetainedEarningsAccumulatedLosses2022-08-3107614089ns10:RegisteredOffice2022-09-012023-08-3107614089ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3107614089ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 07614089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

PENDERSONS RESOURCES LTD

PENDERSONS RESOURCES LTD (REGISTERED NUMBER: 07614089)

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










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 4


PENDERSONS RESOURCES LTD (REGISTERED NUMBER: 07614089)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
CURRENT ASSETS
Debtors 4 53,393 45,543
Cash at bank 22 5
53,415 45,548
CREDITORS
Amounts falling due within one year 5 (89,728 ) (94,234 )
NET CURRENT LIABILITIES (36,313 ) (48,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,313

)

(48,686

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (36,314 ) (48,687 )
(36,313 ) (48,686 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





M Pender - Director


PENDERSONS RESOURCES LTD (REGISTERED NUMBER: 07614089)

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


1. STATUTORY INFORMATION

PENDERSONS RESOURCES LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07614089

Registered office: Cobam House
Pleasant Street
Burslem
Stoke-on-Trent
Staffordshire
ST6 3DL

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 financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

PENDERSONS RESOURCES LTD (REGISTERED NUMBER: 07614089)

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


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

GOING CONCERN
The accounts have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors - 4,762
Amounts owed by group undertakings 53,316 40,236
Other debtors 77 545
53,393 45,543

PENDERSONS RESOURCES LTD (REGISTERED NUMBER: 07614089)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 106 360
Taxation and social security - 3,936
Other creditors 89,622 89,938
89,728 94,234

6. RELATED PARTY DISCLOSURES

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

7. ULTIMATE CONTROLLING PARTY

Pendersons Group Limited is the company's ultimate parent undertaking. The parent undertaking's registered office is c/o DPC Accountants, Stone House, 55 Stone Road Business Park, Stoke on Trent, ST4 6SR. The address of the principal place of business is Pleasant Street, Burslem, Stoke on Trent, ST6 3DL.

8. GOING CONCERN

At 31 August 2023 the company has net liabilities of £36,313. A subsidiary, Pendersons Ltd, has confirmed it will continue to support the company. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis