Company No:
Contents
Note | 2023 | 2022 | ||
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Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand | 4 |
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1,942,993 | 1,943,668 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 51,653 | 2,328 | ||
Total assets less current liabilities | 51,653 | 2,328 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Pedersen (Newport) Limited (registered number:
N J Gourgey
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Pedersen (Newport) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
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Number | Number | ||
Monthly average number of persons employed by the company during the year, including directors |
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Amounts owed by group undertakings |
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Other debtors |
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£ | £ | ||
Cash at bank and in hand |
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£ | £ | ||
Amounts owed to group undertakings |
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Other creditors |
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£ | £ | ||
Allotted, called-up and fully-paid | |||
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20 | 20 |
Pensions
The Company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. No contributions were outstanding at the year end.
Contingent liabilities
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£ | £ | ||
Total contingent liabilities |
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The bank has registered a fixed and floating charge against the assets of this company.
The ultimate parent undertaking is Bankside Hotels Ltd, registered in England and Wales under company number 03214531 with the registered office address as 35 Ballards Lane, London N3 1XW.
There is no ultimate controlling party.