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REGISTERED NUMBER: 05124923 (England and Wales)












Peter Nilsson Consulting Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Peter Nilsson Consulting Limited (Registered number: 05124923)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Peter Nilsson Consulting Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr P Nilsson
Mrs H Nilsson





SECRETARY: Mrs H Nilsson





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 05124923 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Peter Nilsson Consulting Limited (Registered number: 05124923)

Statement of Financial Position
31st March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 60
Investment property 5 257,000 200,000
257,000 200,060

CURRENT ASSETS
Debtors 6 204 195
Cash at bank 112 779
316 974
CREDITORS
Amounts falling due within one year 7 (126,966 ) (2,615 )
NET CURRENT LIABILITIES (126,650 ) (1,641 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,350

198,419

CREDITORS
Amounts falling due after more than one
year

8

-

(120,052

)

PROVISIONS FOR LIABILITIES (9,900 ) (11 )
NET ASSETS 120,450 78,356

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 120,448 78,354
SHAREHOLDERS' FUNDS 120,450 78,356

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

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

Peter Nilsson Consulting Limited (Registered number: 05124923)

Statement of Financial Position - continued
31st March 2024


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 30th September 2024 and were signed on its behalf by:





Mr P Nilsson - Director


Peter Nilsson Consulting Limited (Registered number: 05124923)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Peter Nilsson Consulting 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 7 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 50% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Peter Nilsson Consulting Limited (Registered number: 05124923)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 368 200 7,597 8,165
Disposals (368 ) (200 ) (7,597 ) (8,165 )
At 31st March 2024 - - - -
DEPRECIATION
At 1st April 2023 368 140 7,597 8,105
Charge for year - 9 - 9
Eliminated on disposal (368 ) (149 ) (7,597 ) (8,114 )
At 31st March 2024 - - - -
NET BOOK VALUE
At 31st March 2024 - - - -
At 31st March 2023 - 60 - 60

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 200,000
Revaluations 57,000
At 31st March 2024 257,000
NET BOOK VALUE
At 31st March 2024 257,000
At 31st March 2023 200,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2021 8,834
Valuation in 2023 10,000
Valuation in 2023 57,000
Cost 181,166
257,000

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

31.3.24 31.3.23
£    £   
Cost 181,166 181,166

Investment property was valued on a fair value basis on 31st March 2024 by the Directors of the Company.

Peter Nilsson Consulting Limited (Registered number: 05124923)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 204 195

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 120,129 -
Other creditors 6,837 2,615
126,966 2,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 120,052

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 120,129 120,052

The bank loan is secured on the company's investment property