Registered number
02640912
PILGRIM HOUSE MANAGEMENT LIMITED
Filleted Accounts
31 July 2024
PILGRIM HOUSE MANAGEMENT LIMITED
Registered number: 02640912
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,957 25,993
Current assets
Debtors 4 3,045 6,570
Cash at bank and in hand 12,063 5,159
15,108 11,729
Creditors: amounts falling due within one year 5 (2,515) (1,986)
Net current assets 12,593 9,743
Net assets 38,550 35,736
Capital and reserves
Called up share capital 25,000 25,000
Profit and loss account 13,550 10,736
Reserves 38,550 35,736
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M C Jones
Director
Approved by the board on 26 September 2024
PILGRIM HOUSE MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20%
Fixtures, fittings, tools and equipment 15%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Fixtures, fittings, tools and equipment Total
£ £ £ £
Cost
At 1 August 2023 25,900 2,108 2,294 30,302
At 31 July 2024 25,900 2,108 2,294 30,302
Depreciation
At 1 August 2023 - 2,108 2,201 4,309
Charge for the year - - 36 36
At 31 July 2024 - 2,108 2,237 4,345
Net book value
At 31 July 2024 25,900 - 57 25,957
At 31 July 2023 25,900 - 93 25,993
4 Debtors 2024 2023
£ £
Trade debtors 3,045 6,570
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 2,515 1,986
6 Other information
PILGRIM HOUSE MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
96 High View Road
Guildford
Surrey
GU2 7RY
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