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REGISTERED NUMBER: 11804333 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PIGEON CHAT LIMITED

PIGEON CHAT LIMITED (REGISTERED NUMBER: 11804333)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PIGEON CHAT LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTOR: T D Atkin



REGISTERED OFFICE: Elm Farmhouse
The Lane
Frankton
Nr Rugby
Warwickshire
CV23 9PJ



REGISTERED NUMBER: 11804333 (England and Wales)



BANKERS: Barclays Bank Plc
48-50 The Parade
Leamington Spa
Warwickshire
CV32 4DD

PIGEON CHAT LIMITED (REGISTERED NUMBER: 11804333)

ABRIDGED BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,480
Tangible assets 5 5,457 10,730
5,457 20,210

CURRENT ASSETS
Cash at bank 18,878 15,519

CREDITORS
Amounts falling due within one year 95,461 95,377
NET CURRENT LIABILITIES (76,583 ) (79,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(71,126

)

(59,648

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (71,226 ) (59,748 )
SHAREHOLDERS' FUNDS (71,126 ) (59,648 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 October 2024 and were signed by:



T D Atkin - Director


PIGEON CHAT LIMITED (REGISTERED NUMBER: 11804333)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Pigeon Chat 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

At the balance sheet date the company had net current liabilities of £76,583 (2023 - £79,858) and total net liabilities of £71,126 (2023 - £59,648).The director has indicated his willingness to support the company and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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.

Trade are being amortised evenly over their estimated useful life of five years.

Website are being amortised evenly over their estimated useful life of five years.

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 - 10% on cost
Plant and machinery - 20% on 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.


PIGEON CHAT LIMITED (REGISTERED NUMBER: 11804333)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 47,400
AMORTISATION
At 1 March 2023 37,920
Amortisation for year 9,480
At 29 February 2024 47,400
NET BOOK VALUE

At 29 February 2024 -
At 28 February 2023 9,480

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 28,406
DEPRECIATION
At 1 March 2023 17,676
Charge for year 5,273
At 29 February 2024 22,949
NET BOOK VALUE
At 29 February 2024 5,457
At 28 February 2023 10,730

PIGEON CHAT LIMITED (REGISTERED NUMBER: 11804333)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100