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REGISTERED NUMBER: 10963774 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PENTLANDS ACCOUNTANTS AND ADVISORS LTD

PENTLANDS ACCOUNTANTS AND ADVISORS LTD (REGISTERED NUMBER: 10963774)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENTLANDS ACCOUNTANTS AND ADVISORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms E L Perry





REGISTERED OFFICE: Unit 3, Pegasus House
Pegasus Court, Tachbrook Park
Warwick
CV34 6LW





REGISTERED NUMBER: 10963774 (England and Wales)






PENTLANDS ACCOUNTANTS AND ADVISORS LTD (REGISTERED NUMBER: 10963774)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 455,873 360,000
Tangible assets 5 10,498 12,389
Investments 6 - 95,874
466,371 468,263

CURRENT ASSETS
Debtors 7 135,258 112,642
Cash at bank 69,662 111,636
204,920 224,278
CREDITORS
Amounts falling due within one year 8 146,888 167,446
NET CURRENT ASSETS 58,032 56,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,403

525,095

CREDITORS
Amounts falling due after more than one
year

9

(34,667

)

(60,667

)

PROVISIONS FOR LIABILITIES (2,625 ) (3,097 )
NET ASSETS 487,111 461,331

CAPITAL AND RESERVES
Called up share capital 87 87
Capital redemption reserve 12 12
Retained earnings 487,012 461,232
SHAREHOLDERS' FUNDS 487,111 461,331

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

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

PENTLANDS ACCOUNTANTS AND ADVISORS LTD (REGISTERED NUMBER: 10963774)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 16 September 2024 and were signed by:





Ms E L Perry - Director


PENTLANDS ACCOUNTANTS AND ADVISORS LTD (REGISTERED NUMBER: 10963774)

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


1. STATUTORY INFORMATION

Pentlands Accountants and advisors Ltd 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.

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.

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

Goodwill
Due to the nature of the business the goodwill is regarded as being held below market value and has
therefore not been amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

PENTLANDS ACCOUNTANTS AND ADVISORS LTD (REGISTERED NUMBER: 10963774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Revenue and profit recognition
Revenue is recognised as follows re the provision of services:

Fees and commission receivable are recognised in the accounting period in which the services are provided by reference to when there is a right to consideration from the extent of the performance of contractual obligations and the agreed rates for these services. Where fees and commission are recognised in advance of the work being completed they are included as deferred income. Provision is made for all foreseeable future losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 360,000
Additions 95,873
At 31 December 2023 455,873
NET BOOK VALUE
At 31 December 2023 455,873
At 31 December 2022 360,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 11,428 16 56,256 67,700
Additions 484 - 6,868 7,352
At 31 December 2023 11,912 16 63,124 75,052
DEPRECIATION
At 1 January 2023 6,466 16 48,829 55,311
Charge for year 1,361 - 7,882 9,243
At 31 December 2023 7,827 16 56,711 64,554
NET BOOK VALUE
At 31 December 2023 4,085 - 6,413 10,498
At 31 December 2022 4,962 - 7,427 12,389

PENTLANDS ACCOUNTANTS AND ADVISORS LTD (REGISTERED NUMBER: 10963774)

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


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 95,874
Disposals (95,874 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 95,874

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 123,462 95,331
Other debtors 11,796 17,311
135,258 112,642

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,333 33,299
Trade creditors 10,156 32,194
Amounts owed to group undertakings - 1
Taxation and social security 88,944 96,107
Other creditors 19,455 5,845
146,888 167,446

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 34,667 60,667

PENTLANDS ACCOUNTANTS AND ADVISORS LTD (REGISTERED NUMBER: 10963774)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 2,333 -
Bank loans 60,667 93,966
63,000 93,966

The bank hold a mortgage debenture over the assets of the company as security.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Ms E L Perry.