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REGISTERED NUMBER: 05672312 (England and Wales)












Financial Statements

for the Year Ended 31 January 2024

for

Pebble Construction (Derby) Limited

Pebble Construction (Derby) Limited (Registered number: 05672312)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pebble Construction (Derby) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K S Sandhu
Mrs G K Sandhu





REGISTERED OFFICE: Stainsby House
Main Road
Smalley
Derbyshire
DE7 6DS





REGISTERED NUMBER: 05672312 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Pebble Construction (Derby) Limited (Registered number: 05672312)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 180,000 140,000

CURRENT ASSETS
Debtors 5 84 78
Cash at bank 18,668 4,464
18,752 4,542
CREDITORS
Amounts falling due within one year 6 52,390 42,078
NET CURRENT LIABILITIES (33,638 ) (37,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,362

102,464

CREDITORS
Amounts falling due after more than one
year

7

-

(7,358

)

PROVISIONS FOR LIABILITIES (17,921 ) (10,321 )
NET ASSETS 128,441 84,785

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 99,950 67,550
Retained earnings 28,391 17,135
SHAREHOLDERS' FUNDS 128,441 84,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 16 July 2024 and were signed on its behalf by:





Mrs G K Sandhu - Director


Pebble Construction (Derby) Limited (Registered number: 05672312)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Pebble Construction (Derby) 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 net rental income invoiced during the period.

Investment property
In accordance with Financial Reporting Standard 102 (FRS 102), investment properties are revalued and the surplus or deficit is transferred to the profit and loss account, and no depreciation is provided in respect of freehold investment properties. The requirement of the Companies Act 2006 is to depreciate all properties, but that requirement conflicts with the generally accepted accounting principle set out in FRS 102. The director considers that to depreciate such properties would not give a true and fair view, but that a true and fair view is given by following FRS 102 as described above. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the director, would be misleading. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

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.

Financial assets and liabilities
Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value and measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

Pebble Construction (Derby) Limited (Registered number: 05672312)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 140,000
Revaluations 40,000
At 31 January 2024 180,000
NET BOOK VALUE
At 31 January 2024 180,000
At 31 January 2023 140,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2017 17,871
Valuation in 2022 60,000
Valuation in 2024 40,000
Cost 62,129
180,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 62,129 62,129

Investment property was valued on a fair value basis on 31 January 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 84 78

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,576
Taxation and social security 1,773 -
Other creditors 50,617 39,502
52,390 42,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 7,358

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 9,934

Pebble Construction (Derby) Limited (Registered number: 05672312)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023 67,550
Property revaluation transfer 32,400

At 31 January 2024 99,950