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REGISTERED NUMBER: 12716543 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Pin Mill Holdings Limited

Pin Mill Holdings Limited (Registered number: 12716543)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pin Mill Holdings Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M Cohen





REGISTERED OFFICE: Pin Mill House
Priestley Road
Wardley Industrial Estate
Manchester
M28 2LX





REGISTERED NUMBER: 12716543 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Pin Mill Holdings Limited (Registered number: 12716543)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,751,337 7,804,259
Investments 5 8,517 8,517
7,759,854 7,812,776

CURRENT ASSETS
Debtors 6 25,851 195,893
Cash at bank 11,644 24,792
37,495 220,685
CREDITORS
Amounts falling due within one year 7 486,359 1,836,482
NET CURRENT LIABILITIES (448,864 ) (1,615,797 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,310,990

6,196,979

CREDITORS
Amounts falling due after more than one year 8 (2,235,466 ) (1,169,344 )

PROVISIONS FOR LIABILITIES (680,757 ) (691,882 )
NET ASSETS 4,394,767 4,335,753

CAPITAL AND RESERVES
Called up share capital 8,463 8,463
Retained earnings 4,386,304 4,327,290
SHAREHOLDERS' FUNDS 4,394,767 4,335,753

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 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.

Pin Mill Holdings Limited (Registered number: 12716543)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





M Cohen - Director


Pin Mill Holdings Limited (Registered number: 12716543)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Pin Mill Holdings 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.

Preparation of consolidated financial statements
The financial statements contain information about Pin Mill Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover relates to rental income receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property2% on cost
Improvements to property2% on cost
Fixtures & fittings15% on reducing balance

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries and associates
Investments in subsidiaries and associates are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pin Mill Holdings Limited (Registered number: 12716543)

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

2. ACCOUNTING POLICIES - continued

Going concern
The company's financial statements for the year ended 31 January 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Leasehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 February 2023 2,101,163 5,707,808 53,355 7,862,326
Additions - 102,441 10,849 113,290
At 31 January 2024 2,101,163 5,810,249 64,204 7,975,616
DEPRECIATION
At 1 February 2023 14,008 38,052 6,007 58,067
Charge for year 42,023 116,205 7,984 166,212
At 31 January 2024 56,031 154,257 13,991 224,279
NET BOOK VALUE
At 31 January 2024 2,045,132 5,655,992 50,213 7,751,337
At 31 January 2023 2,087,155 5,669,756 47,348 7,804,259

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 8,463 54 8,517
NET BOOK VALUE
At 31 January 2024 8,463 54 8,517
At 31 January 2023 8,463 54 8,517

Pin Mill Holdings Limited (Registered number: 12716543)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 36,000
Other debtors 25,851 159,893
25,851 195,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 176,440 92,440
Trade creditors 97,462 173,857
Amounts owed to group undertakings 205,949 1,558,064
Other creditors 6,508 12,121
486,359 1,836,482

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,235,466 1,169,344

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,529,707 799,585

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,411,906 1,261,784

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At 31 January 2024, other creditors included £455 in respect of the directors current account. There are no fixed repayment terms and the balance is interest free.

11. ULTIMATE CONTROL

The controlling party was M Cohen.