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REGISTERED NUMBER: 03113466 (England and Wales)















Unaudited Financial Statements

for the Period 31 July 2022 to 31 December 2023

for

Pedralbes Limited

Pedralbes Limited (Registered number: 03113466)






Contents of the Financial Statements
for the Period 31 July 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pedralbes Limited

Company Information
for the Period 31 July 2022 to 31 December 2023







DIRECTORS: C W Keech
M Keech





REGISTERED OFFICE: 1st Floor
27 Shirwell Crescent
Furzton Lake
Milton Keynes
MK4 1GA





REGISTERED NUMBER: 03113466 (England and Wales)





ACCOUNTANTS: Shipleys LLP
Chartered Accountants
10 Orange Street
London
WC2H 7DQ

Pedralbes Limited (Registered number: 03113466)

Balance Sheet
31 December 2023

31.12.23 30.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3 3

CURRENT ASSETS
Debtors 5 693,000 580,000
Cash at bank 160 114,110
693,160 694,110
CREDITORS
Amounts falling due within one year 6 1,457,126 1,457,126
NET CURRENT LIABILITIES (763,966 ) (763,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(763,963

)

(763,013

)

PROVISIONS FOR LIABILITIES 25,000 25,000
NET LIABILITIES (788,963 ) (788,013 )

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Share premium 6,300,000 6,300,000
Retained earnings (7,138,963 ) (7,138,013 )
SHAREHOLDERS' FUNDS (788,963 ) (788,013 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

Pedralbes Limited (Registered number: 03113466)

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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





M Keech - Director


Pedralbes Limited (Registered number: 03113466)

Notes to the Financial Statements
for the Period 31 July 2022 to 31 December 2023

1. STATUTORY INFORMATION

Pedralbes 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.

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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

CONSOLIDATION
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

GOING CONCERN
The company has an overdrawn Balance Sheet at the year end date. However, the directors consider that the financial statements should be prepared on the Going Concern basis because the parent organisation has given an undertaking to continue to provide financial support to the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 July 2022
and 31 December 2023 3
NET BOOK VALUE
At 31 December 2023 3
At 30 July 2022 3

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.7.22
£    £   
Other debtors 693,000 580,000

Pedralbes Limited (Registered number: 03113466)

Notes to the Financial Statements - continued
for the Period 31 July 2022 to 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.7.22
£    £   
Other creditors 1,457,126 1,457,126

7. RELATED PARTY DISCLOSURES



Latimer Land (Luton) Limited

A company in which C Keech and M Keech were directors at the period end.

A balance of £693,000 (2022: £580,000) was owed by Latimer Land (Luton ) Limited at the period end and is included in other debtors.





















8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.