IRIS Accounts Production v24.3.0.553 06297092 director 1.4.23 31.3.24 31.3.24 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062970922023-03-31062970922024-03-31062970922023-04-012024-03-31062970922022-03-31062970922022-04-012023-03-31062970922023-03-3106297092ns15:EnglandWales2023-04-012024-03-3106297092ns14:PoundSterling2023-04-012024-03-3106297092ns10:Director12023-04-012024-03-3106297092ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106297092ns10:SmallEntities2023-04-012024-03-3106297092ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106297092ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106297092ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106297092ns10:FullAccounts2023-04-012024-03-3106297092ns10:CompanySecretary12023-04-012024-03-3106297092ns10:RegisteredOffice2023-04-012024-03-3106297092ns5:CurrentFinancialInstruments2024-03-3106297092ns5:CurrentFinancialInstruments2023-03-3106297092ns5:Non-currentFinancialInstruments2024-03-3106297092ns5:Non-currentFinancialInstruments2023-03-3106297092ns5:ShareCapital2024-03-3106297092ns5:ShareCapital2023-03-3106297092ns5:RetainedEarningsAccumulatedLosses2024-03-3106297092ns5:RetainedEarningsAccumulatedLosses2023-03-3106297092ns5:CostValuation2023-03-3106297092ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106297092ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106297092ns5:Secured2024-03-3106297092ns5:Secured2023-03-31
REGISTERED NUMBER: 06297092 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

C J PILGRIM (HOLDINGS) LIMITED

C J PILGRIM (HOLDINGS) LIMITED (REGISTERED NUMBER: 06297092)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C J PILGRIM (HOLDINGS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTOR: R I Dudding





SECRETARY: Mrs J C Ancell





REGISTERED OFFICE: Lonsto House
276 Chase Road
London
N14 6HA





REGISTERED NUMBER: 06297092 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

C J PILGRIM (HOLDINGS) LIMITED (REGISTERED NUMBER: 06297092)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 20,804,153 20,804,153

CURRENT ASSETS
Debtors 5 49,500 68,224
Cash at bank 18,134 42,936
67,634 111,160
CREDITORS
Amounts falling due within one year 6 7,469,806 6,083,529
NET CURRENT LIABILITIES (7,402,172 ) (5,972,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,401,981

14,831,784

CREDITORS
Amounts falling due after more than one
year

7

13,400,000

14,829,950
NET ASSETS 1,981 1,834

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,980 1,833
SHAREHOLDERS' FUNDS 1,981 1,834

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

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

C J PILGRIM (HOLDINGS) LIMITED (REGISTERED NUMBER: 06297092)

BALANCE SHEET - continued
31 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 director and authorised for issue on 5 November 2024 and were signed by:





R I Dudding - Director


C J PILGRIM (HOLDINGS) LIMITED (REGISTERED NUMBER: 06297092)

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

1. STATUTORY INFORMATION

C J Pilgrim (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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise of a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

Going concern
The directors constantly review the cash flow projections for the company and have considered the financial resources of the company, having regard to the renewal date of loan facilities and additional resources available to related undertakings to support the related party indebtedness.

C J PILGRIM (HOLDINGS) LIMITED (REGISTERED NUMBER: 06297092)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 20,804,153
NET BOOK VALUE
At 31 March 2024 20,804,153
At 31 March 2023 20,804,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 49,500 68,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 600,000 641,800
Amounts owed to group undertakings 6,644,034 5,251,421
Other creditors 225,772 190,308
7,469,806 6,083,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,400,000 14,829,950

C J PILGRIM (HOLDINGS) LIMITED (REGISTERED NUMBER: 06297092)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,000,000 12,262,750

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 14,000,000 15,471,750

The bank loans are secured by a fixed and floating charge over the properties held by this Company's subsidiary C.J. Pilgrim Properties Limited.

9. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party are the Trustees of R I Dudding Settlement of 1 July 1997 by virtue of its controlling shareholding in C J Pilgrim (Holdings) Limited.