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REGISTERED NUMBER: 04702531 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pinewood Star Limited

Pinewood Star Limited (Registered number: 04702531)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pinewood Star Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Saunders





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 04702531 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

Pinewood Star Limited (Registered number: 04702531)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,405 2,368
Investment property 6 2,645,000 2,645,000
2,647,405 2,647,368

CURRENT ASSETS
Debtors 7 2,538 445
Cash at bank 9,005 18,403
11,543 18,848
CREDITORS
Amounts falling due within one year 8 458,428 411,747
NET CURRENT LIABILITIES (446,885 ) (392,899 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,200,520

2,254,469

CREDITORS
Amounts falling due after more than one
year

9

(914,782

)

(980,735

)

PROVISIONS FOR LIABILITIES (111,691 ) (111,606 )
NET ASSETS 1,174,047 1,162,128

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 1,030,287 1,030,287
Retained earnings 11 143,660 131,741
SHAREHOLDERS' FUNDS 1,174,047 1,162,128

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.

Pinewood Star Limited (Registered number: 04702531)

Statement of Financial Position - 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 4 November 2024 and were signed by:





M Saunders - Director


Pinewood Star Limited (Registered number: 04702531)

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


1. STATUTORY INFORMATION

Pinewood Star 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. 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 25% on cost and 15% on reducing balance
Computer equipment - 25% on cost

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
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pinewood Star Limited (Registered number: 04702531)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 April 2023 589 9,563 3,456 13,608
Additions 199 - 719 918
At 31 March 2024 788 9,563 4,175 14,526
DEPRECIATION
At 1 April 2023 449 8,068 2,723 11,240
Charge for year 85 224 572 881
At 31 March 2024 534 8,292 3,295 12,121
NET BOOK VALUE
At 31 March 2024 254 1,271 880 2,405
At 31 March 2023 140 1,495 733 2,368

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,645,000
NET BOOK VALUE
At 31 March 2024 2,645,000
At 31 March 2023 2,645,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 823,779
Valuation in 2018 257,671
Valuation in 2019 (234,938 )
Valuation in 2021 100,000
Valuation in 2022 85,000
Valuation in 2023 110,000
Cost 1,503,488
2,645,000

Pinewood Star Limited (Registered number: 04702531)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,150 -
Other debtors 388 445
2,538 445

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 4,074 5,083
Other creditors 454,354 406,664
458,428 411,747

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 175,500 175,500
Other creditors 739,282 805,235
914,782 980,735

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 131,741 1,030,287 1,162,028
Profit for the year 12,919 12,919
Dividends (1,000 ) (1,000 )
At 31 March 2024 143,660 1,030,287 1,173,947

12. RELATED PARTY DISCLOSURES

The Directors make financing loans to the Company. At the balance sheet date the Company owed the directors £444,712 (2023 - £397,024). These are long term interest free loans and the Directors do not intend to withdraw their support.