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Company No: 05930971 (England and Wales)

PEDERSEN (TEMPLE QUAY) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

PEDERSEN (TEMPLE QUAY) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

PEDERSEN (TEMPLE QUAY) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
PEDERSEN (TEMPLE QUAY) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Current assets
Debtors 3 2,394,380 2,380,338
Cash at bank and in hand 4 6,555 6,865
2,400,935 2,387,203
Creditors: amounts falling due within one year 5 ( 2,448,097) ( 2,381,794)
Net current (liabilities)/assets (47,162) 5,409
Total assets less current liabilities (47,162) 5,409
Net (liabilities)/assets ( 47,162) 5,409
Capital and reserves
Called-up share capital 6 20 20
Profit and loss account ( 47,182 ) 5,389
Total shareholders' (deficit)/funds ( 47,162) 5,409

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Pedersen (Temple Quay) Limited (registered number: 05930971) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

N J Gourgey
Director

06 September 2024

PEDERSEN (TEMPLE QUAY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
PEDERSEN (TEMPLE QUAY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

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.

General information and basis of accounting

Pedersen (Temple Quay) 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Debtors

2023 2022
£ £
Amounts owed by group undertakings 2,388,379 2,374,334
Other debtors 6,001 6,004
2,394,380 2,380,338

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 6,555 6,865

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to group undertakings 2,448,097 2,376,794
Other creditors 0 5,000
2,448,097 2,381,794

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
19 Ordinary-A shares of £ 1.00 each 19 19
1 Ordinary-B share of £ 1.00 1 1
20 20

8. Ultimate controlling party

Parent Company:

Bankside Hotels Limited
35 Ballards Lane, London N3 1XW