IRIS Accounts Production v24.2.0.383 05329079 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053290792023-01-31053290792024-01-31053290792023-02-012024-01-31053290792022-01-31053290792022-02-012023-01-31053290792023-01-3105329079ns15:EnglandWales2023-02-012024-01-3105329079ns14:PoundSterling2023-02-012024-01-3105329079ns10:Director12023-02-012024-01-3105329079ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105329079ns10:SmallEntities2023-02-012024-01-3105329079ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105329079ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105329079ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105329079ns10:FullAccounts2023-02-012024-01-3105329079ns10:Director22023-02-012024-01-3105329079ns10:RegisteredOffice2023-02-012024-01-3105329079ns5:CurrentFinancialInstruments2024-01-3105329079ns5:CurrentFinancialInstruments2023-01-3105329079ns5:Non-currentFinancialInstruments2024-01-3105329079ns5:Non-currentFinancialInstruments2023-01-3105329079ns5:ShareCapital2024-01-3105329079ns5:ShareCapital2023-01-3105329079ns5:FurtherSpecificReserve1ComponentTotalEquity2024-01-3105329079ns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-3105329079ns5:RetainedEarningsAccumulatedLosses2024-01-3105329079ns5:RetainedEarningsAccumulatedLosses2023-01-3105329079ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3105329079ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3105329079ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3105329079ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3105329079ns5:Secured2024-01-3105329079ns5:Secured2023-01-3105329079ns5:RetainedEarningsAccumulatedLosses2023-01-3105329079ns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-3105329079ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 05329079 (England and Wales)














PITAMBER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






PITAMBER LIMITED (REGISTERED NUMBER: 05329079)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PITAMBER LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: J R Pitamber
M R Pitamber





REGISTERED OFFICE: 4 Milburn Close
Luton
Bedfordshire
LU3 4EH





REGISTERED NUMBER: 05329079 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

PITAMBER LIMITED (REGISTERED NUMBER: 05329079)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 800,000 800,000

CURRENT ASSETS
Debtors 6 9,531 3,004
Cash at bank 4,484 3,687
14,015 6,691
CREDITORS
Amounts falling due within one year 7 223,002 216,363
NET CURRENT LIABILITIES (208,987 ) (209,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,013

590,328

CREDITORS
Amounts falling due after more than one
year

8

(337,409

)

(338,033

)

PROVISIONS FOR LIABILITIES (7,013 ) -
NET ASSETS 246,591 252,295

CAPITAL AND RESERVES
Called up, paid and allotted share capital 2 2
Other reserves 10 208,655 215,668
Retained earnings 10 37,934 36,625
SHAREHOLDERS' FUNDS 246,591 252,295

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

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

PITAMBER LIMITED (REGISTERED NUMBER: 05329079)

STATEMENT OF FINANCIAL POSITION - continued
31 January 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 27 October 2024 and were signed on its behalf by:





J R Pitamber - Director


PITAMBER LIMITED (REGISTERED NUMBER: 05329079)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Pitamber 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The directors have prepared the accounts on the going concern basis which is considered appropriate by them as they will continue to financially support the company through their directors loans to the company.

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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Income recognition
Rental income is recognised when it falls due under its short leasehold tenancy agreements with tenants.

4. EMPLOYEES AND DIRECTORS

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

PITAMBER LIMITED (REGISTERED NUMBER: 05329079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 800,000
NET BOOK VALUE
At 31 January 2024 800,000
At 31 January 2023 800,000

Investment property was valued on an open market value basis at 31 January 2024 by the directors.

If investment property had not been revalued they would have been included at historical cost totalling £554,332.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 225
Other debtors 9,531 2,779
9,531 3,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 307 720
Other creditors 222,695 215,643
223,002 216,363

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 337,409 338,033

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans over 5 years 337,409 338,033

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 337,409 338,033

PITAMBER LIMITED (REGISTERED NUMBER: 05329079)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

10. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 February 2023 36,625 215,668 252,293
Deficit for the year (5,704 ) (5,704 )
Transfer 7,013 (7,013 ) -
At 31 January 2024 37,934 208,655 246,589

11. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company which is unsecured, interest free and repayable on demand. During the year, additional loans in aggregate of £6,199 were provided by the directors. At the year end the directors were owed £220,175.