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REGISTERED NUMBER: 08771102 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PEBBLESTONES LIMITED

PEBBLESTONES LIMITED (REGISTERED NUMBER: 08771102)






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


PEBBLESTONES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Ms S Kalyan





REGISTERED OFFICE: 39 Kingwell Road
Hadleywood
Hertfordshire
EN4 0HZ





REGISTERED NUMBER: 08771102 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

PEBBLESTONES LIMITED (REGISTERED NUMBER: 08771102)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 477,470 323,396

CURRENT ASSETS
Debtors 5 1,327,801 987,721
Cash at bank and in hand 46,136 87,024
1,373,937 1,074,745
CREDITORS
Amounts falling due within one year 6 501,040 286,629
NET CURRENT ASSETS 872,897 788,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,350,367

1,111,512

CREDITORS
Amounts falling due after more than one year 7 (388,463 ) (473,986 )

PROVISIONS FOR LIABILITIES (114,464 ) (59,403 )
NET ASSETS 847,440 578,123

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 847,340 578,023
SHAREHOLDERS' FUNDS 847,440 578,123

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 her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Ms S Kalyan - Director


PEBBLESTONES LIMITED (REGISTERED NUMBER: 08771102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Pebblestones 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.

Turnover
Turnover represents fees receivable for services provided and is recognised in the accounting period in which the company obtains the right to the consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Costs include costs directly attributable to making the asset capable of operating as intended.

Government grants
Grants relating to revenue are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grant which becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs is recognised in income in the period in which it becomes receivable.

Financial instruments
Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

PEBBLESTONES LIMITED (REGISTERED NUMBER: 08771102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 181 (2022 - 153 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 139,144 463,531 9,800 33,729 646,204
Additions 67,297 152,004 10,523 13,939 243,763
Disposals - - (10,350 ) - (10,350 )
At 30 November 2023 206,441 615,535 9,973 47,668 879,617
DEPRECIATION
At 1 December 2022 75,606 217,816 2,069 27,317 322,808
Charge for year 27,060 46,769 1,904 4,821 80,554
Eliminated on disposal - - (1,215 ) - (1,215 )
At 30 November 2023 102,666 264,585 2,758 32,138 402,147
NET BOOK VALUE
At 30 November 2023 103,775 350,950 7,215 15,530 477,470
At 30 November 2022 63,538 245,715 7,731 6,412 323,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 948,910 579,066
Other debtors 378,891 408,655
1,327,801 987,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 151,583 97,149
Taxation and social security 227,992 102,633
Other creditors 121,465 86,847
501,040 286,629

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed to group undertaking 388,463 473,986

PEBBLESTONES LIMITED (REGISTERED NUMBER: 08771102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. RELATED PARTY DISCLOSURES

As at year end, the company owed £388,463 (2022: £473,986) to Avatara Inc Limited, its parent company. There are no specific terms of repayment of this amount.

During the year, the rent of £275,813 (2022: £194,340) has been paid to Avatara Inc Limited.

9. ULTIMATE PARENT AND CONTROLLING PARTY

As at the balance sheet date Pebblestones Limited was 100% subsidiary of Avatara Inc Limited, a company incorporated in England. The ultimate controlling party is Ms S Kalyan by virtue of her holding 100% of the issued share capital of Avatara Inc Limited.