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REGISTERED NUMBER: 14272042 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PNT SPV1 LTD

PNT SPV1 LTD (REGISTERED NUMBER: 14272042)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PNT SPV1 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D E C Bailey





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: Wakerings Farm Barns
Leighs Road
Great Leighs
Essex
CM3 3NH





REGISTERED NUMBER: 14272042 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

PNT SPV1 LTD (REGISTERED NUMBER: 14272042)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 723 -

CURRENT ASSETS
Stocks 1,726,686 1,111,073
Debtors 5 14,240 -
Cash at bank 5,041 -
1,745,967 1,111,073
CREDITORS
Amounts falling due within one year 6 1,848,703 1,112,809
NET CURRENT LIABILITIES (102,736 ) (1,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(102,013

)

(1,736

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (102,014 ) (1,737 )
SHAREHOLDERS' FUNDS (102,013 ) (1,736 )

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.

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 22 November 2024 and were signed by:





D E C Bailey - Director


PNT SPV1 LTD (REGISTERED NUMBER: 14272042)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Pnt Spv1 Ltd 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 (£).


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.

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 - 10% on reducing balance

Stocks
Stocks consist of development properties and all associated costs, including purchase finance, legal fees & direct costs.

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.

Going concern
Notwithstanding the deficiency of net current assets at the year end as shown in the balance sheet, the director is confident the company can continue as a going concern on the basis of his continued financial support to the company and the support of other related entities.

3. EMPLOYEES AND DIRECTORS

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

PNT SPV1 LTD (REGISTERED NUMBER: 14272042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 803
At 31 March 2024 803
DEPRECIATION
Charge for year 80
At 31 March 2024 80
NET BOOK VALUE
At 31 March 2024 723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 14,240 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 714,795 -
Amounts owed to group undertakings 1,127,503 1,111,192
Taxation and social security 3,905 -
Other creditors 2,500 1,617
1,848,703 1,112,809

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 714,795 -

The loan is secured by a fixed charge over the freehold land adjoining Wakerings Farm, Leighs Road, Little Waltham, Chelmsford, Essex, CM3 3NH and also by a floating charge over all assets of the company.

8. CALLED UP SHARE CAPITAL

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