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REGISTERED NUMBER: 01449160 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Pilgrims Residential Lettings Ltd

Pilgrims Residential Lettings Ltd (Registered number: 01449160)






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


Pilgrims Residential Lettings Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J L Griffin
Mrs C J Munro





REGISTERED OFFICE: Unit 6 Park Court
Pyford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 01449160 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Pilgrims Residential Lettings Ltd (Registered number: 01449160)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 78,422 92,422
Tangible assets 5 10,671 16,241
89,093 108,663

CURRENT ASSETS
Debtors 6 273,105 278,794
Cash at bank and in hand 38,328 79,271
311,433 358,065
CREDITORS
Amounts falling due within one year 7 52,536 80,046
NET CURRENT ASSETS 258,897 278,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,990

386,682

CREDITORS
Amounts falling due after more than
one year

8

(131,056

)

(152,894

)

PROVISIONS FOR LIABILITIES (2,020 ) (3,433 )
NET ASSETS 214,914 230,355

Pilgrims Residential Lettings Ltd (Registered number: 01449160)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 258 60
Capital redemption reserve 2,939 2,939
Retained earnings 211,717 227,356
SHAREHOLDERS' FUNDS 214,914 230,355

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





J L Griffin - Director


Pilgrims Residential Lettings Ltd (Registered number: 01449160)

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

1. STATUTORY INFORMATION

Pilgrims Residential Lettings 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 etc - 33% on cost and 15% on reducing balance

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.


Pilgrims Residential Lettings Ltd (Registered number: 01449160)

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 148,890 1,099 149,989
AMORTISATION
At 1 April 2023 56,908 659 57,567
Charge for year 13,890 110 14,000
At 31 March 2024 70,798 769 71,567
NET BOOK VALUE
At 31 March 2024 78,092 330 78,422
At 31 March 2023 91,982 440 92,422

Pilgrims Residential Lettings Ltd (Registered number: 01449160)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 69,117
Additions 1,028
At 31 March 2024 70,145
DEPRECIATION
At 1 April 2023 52,876
Charge for year 6,598
At 31 March 2024 59,474
NET BOOK VALUE
At 31 March 2024 10,671
At 31 March 2023 16,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 251,042 251,042
Other debtors 22,063 27,752
273,105 278,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 29,311 26,571
Taxation and social security 20,845 47,922
Other creditors 2,380 5,553
52,536 80,046

Pilgrims Residential Lettings Ltd (Registered number: 01449160)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 131,056 152,894

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,923 29,293

9. ULTIMATE CONTROLLING PARTY

The controlling party is J L Griffin.

The ultimate controlling party is J L Griffin.