Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-01-31falseThe principal activity of the company during the period was the buying and renting of own real estate.0true0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14628821 2023-01-30 14628821 2023-01-31 2024-03-31 14628821 2022-04-01 2023-01-30 14628821 2024-03-31 14628821 c:Director1 2023-01-31 2024-03-31 14628821 d:FreeholdInvestmentProperty 2023-01-31 2024-03-31 14628821 d:FreeholdInvestmentProperty 2024-03-31 14628821 d:CurrentFinancialInstruments 2024-03-31 14628821 d:Non-currentFinancialInstruments 2024-03-31 14628821 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14628821 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14628821 d:ShareCapital 2024-03-31 14628821 d:RetainedEarningsAccumulatedLosses 2024-03-31 14628821 c:OrdinaryShareClass1 2023-01-31 2024-03-31 14628821 c:OrdinaryShareClass1 2024-03-31 14628821 c:OrdinaryShareClass2 2023-01-31 2024-03-31 14628821 c:OrdinaryShareClass2 2024-03-31 14628821 c:FRS102 2023-01-31 2024-03-31 14628821 c:AuditExempt-NoAccountantsReport 2023-01-31 2024-03-31 14628821 c:FullAccounts 2023-01-31 2024-03-31 14628821 c:PrivateLimitedCompanyLtd 2023-01-31 2024-03-31 14628821 e:PoundSterling 2023-01-31 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14628821









PIGEON (PEMBROKE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
PIGEON (PEMBROKE) LIMITED
REGISTERED NUMBER: 14628821

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

FIXED ASSETS
  

Investment property
 4 
5,938,218

  
5,938,218

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
1,425

Cash at bank and in hand
  
292,587

  
294,012

Creditors: amounts falling due within one year
 6 
(340,426)

NET CURRENT LIABILITIES
  
 
 
(46,414)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
5,891,804

Creditors: amounts falling due after more than one year
 7 
(6,299,370)

  

NET LIABILITIES
  
(407,566)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
630

Profit and loss account
  
(408,196)

  
(407,566)


Page 1

 
PIGEON (PEMBROKE) LIMITED
REGISTERED NUMBER: 14628821
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




W H van Cutsem
Director

Date: 28 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PIGEON (PEMBROKE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Pigeon (Pembroke) Limited is private company limited by shares and incorporated in England and Wales. Its registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA.
The principal trading address is Linden Square, 146 Kings Road, Bury St Edmunds, Suffolk, IP33 3DJ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company had net liabilities of £407,566 as at 31 March 2024. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

 
2.3

TURNOVER

Turnover comprises rent receivable and sundry other income recognised by the Company during the period, exclusive of Value Added Tax

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors based on professional advice received and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
PIGEON (PEMBROKE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES



The Company has no employees other than the directors, who did not receive any remuneration.

Page 4

 
PIGEON (PEMBROKE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


Additions at cost
5,938,218



AT 31 MARCH 2024
5,938,218

The 2024 valuations were made by the directors, on an open market value for existing use basis, based on professional advice received.





5.


DEBTORS

2024
£


Prepayments and accrued income
1,425



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£

Trade creditors
12,305

Other taxation and social security
22,711

Accruals and deferred income
305,410

340,426



7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
£

Other loans
6,299,370


Other loans are transacted on an interest only basis with a target interest rate of 7.5% which is payable at the discretion of the board based on the performance of the entity.

Page 5

 
PIGEON (PEMBROKE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


SHARE CAPITAL

2024
£
ALLOTTED, CALLED UP AND FULLY PAID


193 Ordinary A shares of £1 each
193
437 Ordinary B shares of £1 each
437

630


On incorporation, 1 Ordinary share of £1 was issued at par.
On 1 March 2023, the Company issued 193 £1 Ordinary A shares at par. On the same date, one Ordinary share was redesignated to an Ordinary B share and a further 436 £1 Ordinary B shares were issued at par.

 
Page 6