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REGISTERED NUMBER: 04447102 (England and Wales)







Financial Statements for the Year Ended 30th June 2024

for

Pine Cone Properties Limited

Pine Cone Properties Limited (Registered number: 04447102)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Pine Cone Properties Limited

Company Information
for the Year Ended 30th June 2024







DIRECTOR: Mrs M R Shearman





SECRETARY: Mr P A Shearman





REGISTERED OFFICE: 38 Addison Road
Beechwood Park
Worcester
Worcestershire
WR3 8EA





REGISTERED NUMBER: 04447102 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Pine Cone Properties Limited (Registered number: 04447102)

Abridged Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256 301
Investment property 5 973,000 885,000
973,256 885,301

CURRENT ASSETS
Debtors 600 577
Cash at bank 85,843 114,729
86,443 115,306
CREDITORS
Amounts falling due within one year 4,390 12,597
NET CURRENT ASSETS 82,053 102,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,055,309

988,010

PROVISIONS FOR LIABILITIES 241,036 219,047
NET ASSETS 814,273 768,963

CAPITAL AND RESERVES
Called up share capital 50 50
Share premium 357,945 357,945
Non-distributable reserve 451,133 385,133
Retained earnings 5,145 25,835
SHAREHOLDERS' FUNDS 814,273 768,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Pine Cone Properties Limited (Registered number: 04447102)

Abridged Balance Sheet - continued
30th June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11th November 2024 and were signed by:





Mrs M R Shearman - Director


Pine Cone Properties Limited (Registered number: 04447102)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Pine Cone Properties 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 as modified by the revaluation of certain assets.

TURNOVER
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction 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.


Pine Cone Properties Limited (Registered number: 04447102)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2023
and 30th June 2024 7,744
DEPRECIATION
At 1st July 2023 7,443
Charge for year 45
At 30th June 2024 7,488
NET BOOK VALUE
At 30th June 2024 256
At 30th June 2023 301

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023 885,000
Revaluations 88,000
At 30th June 2024 973,000
NET BOOK VALUE
At 30th June 2024 973,000
At 30th June 2023 885,000