Pointdale Limited 01358845 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true true 01358845 2023-05-01 2024-04-30 01358845 2024-04-30 01358845 bus:OrdinaryShareClass1 2024-04-30 01358845 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-04-30 01358845 core:CurrentFinancialInstruments 2024-04-30 01358845 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 01358845 core:OtherPropertyPlantEquipment 2024-04-30 01358845 core:DeferredTaxation 2024-04-30 01358845 bus:SmallEntities 2023-05-01 2024-04-30 01358845 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01358845 bus:FilletedAccounts 2023-05-01 2024-04-30 01358845 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01358845 bus:RegisteredOffice 2023-05-01 2024-04-30 01358845 bus:Director1 2023-05-01 2024-04-30 01358845 bus:Director2 2023-05-01 2024-04-30 01358845 bus:Director3 2023-05-01 2024-04-30 01358845 bus:Director4 2023-05-01 2024-04-30 01358845 bus:Director5 2023-05-01 2024-04-30 01358845 bus:Director7 2023-05-01 2024-04-30 01358845 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 01358845 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01358845 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 01358845 core:PlantMachinery 2023-05-01 2024-04-30 01358845 core:DeferredTaxation 2023-05-01 2024-04-30 01358845 countries:EnglandWales 2023-05-01 2024-04-30 01358845 2023-04-30 01358845 core:OtherPropertyPlantEquipment 2023-04-30 01358845 core:DeferredTaxation 2023-04-30 01358845 2022-05-01 2023-04-30 01358845 2023-04-30 01358845 bus:OrdinaryShareClass1 2023-04-30 01358845 core:CurrentFinancialInstruments 2023-04-30 01358845 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 01358845 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01358845

Pointdale Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Pointdale Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Pointdale Limited

Company Information

Directors

C M Godfrey

J S Godfrey

M C Godfrey

R P Godfrey

R S Godfrey

J F Mowat

Registered office

15a Byron Road
London
NW7 4AH

Accountants

Sable & Argent Limited
Chartered Accountants
2 Elvetham Crescent
Fleet
Hampshire
GU51 1BU

 

Pointdale Limited

(Registration number: 01358845)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

60

Investment property

5

2,895,923

2,615,000

Other financial assets

6

7,157

4,682

 

2,903,080

2,619,742

Current assets

 

Debtors

7

22,601

17,964

Cash at bank and in hand

 

175,673

410,985

 

198,274

428,949

Creditors: Amounts falling due within one year

8

(51,023)

(39,548)

Net current assets

 

147,251

389,401

Total assets less current liabilities

 

3,050,331

3,009,143

Provisions for liabilities

(298,759)

(298,892)

Net assets

 

2,751,572

2,710,251

Capital and reserves

 

Called up share capital

10

100

100

Other reserves

1,328,707

1,329,107

Retained earnings

1,422,765

1,381,044

Shareholders' funds

 

2,751,572

2,710,251

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2024 and signed on its behalf by:
 

 

Pointdale Limited

(Registration number: 01358845)
Balance Sheet as at 30 April 2024

J S Godfrey
Director

   
     
 

Pointdale Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15a Byron Road
London
NW7 4AH

These financial statements were authorised for issue by the Board on 8 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for letting of property in the
period, net of value added tax. The company recognises revenue from property in the period to which it relates.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

 

Pointdale Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from tenants in respect of property lettings and property services provided to tenants in the accounting period. Trade debtors are recognised at the transaction price less a provision for bad debts where it is probable that the amount may not be recovered.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons (including directors) employed by the company in the year, was 6 (2023: 7).

 

Pointdale Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

643

643

At 30 April 2024

643

643

Depreciation

At 1 May 2023

583

583

Charge for the year

60

60

At 30 April 2024

643

643

Carrying amount

At 30 April 2024

-

-

At 30 April 2023

60

60

5

Investment properties

2024
£

At 1 May

2,615,000

Additions

280,923

At 30 April

2,895,923

The investment properties are revalued annually by the directors by reference to both rental income yields and the market value of other properties similar to those held by the company, and taking account of periodic professional valuations.

 

Pointdale Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Other financial assets (current and non-current)

Listed investments at market value
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2023

28,094

28,094

Additions

4,269

4,269

At 30 April 2024

32,363

32,363

Impairment

At 1 May 2023

23,412

23,412

Movement in the period

1,794

1,794

At 30 April 2024

25,206

25,206

Carrying amount

At 30 April 2024

7,157

7,157

7

Debtors

Current

2024
£

2023
£

Trade debtors

22,601

17,964

 

22,601

17,964

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

28,091

18,824

Accruals and deferred income

19,378

17,170

Other creditors

3,554

3,554

51,023

39,548

 

Pointdale Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Provisions for liabilities

Deferred tax
£

Total
£

At 1 May 2023

298,892

298,892

Increase (decrease) in existing provisions

(133)

(133)

At 30 April 2024

298,759

298,759

10

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.25 each

400

100.00

400

100.00