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REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PINEWOOD PROPERTY ESTATES LIMITED

PINEWOOD PROPERTY ESTATES LIMITED (REGISTERED NUMBER: 06016284)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

PINEWOOD PROPERTY ESTATES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: S J Davies-Bowler
R Taylor
Miss H Holland





SECRETARY: Mrs J S Davies-Bowler





REGISTERED OFFICE: 33 Holywell Street
Chesterfield
Derbyshire
S41 7SA





REGISTERED NUMBER: 06016284 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

PINEWOOD PROPERTY ESTATES LIMITED (REGISTERED NUMBER: 06016284)

REPORT OF THE DIRECTORS
for the year ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property lettings and sales agency.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

S J Davies-Bowler
R Taylor
Miss H Holland

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S J Davies-Bowler - Director


25 November 2024

PINEWOOD PROPERTY ESTATES LIMITED (REGISTERED NUMBER: 06016284)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,409 46,689
Investments 6 - 522,937
38,409 569,626

CURRENT ASSETS
Debtors 7 149,312 35,105
Cash at bank and in hand 69,220 56,943
218,532 92,048
CREDITORS
Amounts falling due within one year 8 209,147 248,592
NET CURRENT ASSETS/(LIABILITIES) 9,385 (156,544 )
TOTAL ASSETS LESS CURRENT LIABILITIES 47,794 413,082

CREDITORS
Amounts falling due after more than one year 9 46,863 91,178
NET ASSETS 931 321,904

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 831 321,804
SHAREHOLDERS' FUNDS 931 321,904

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:



S J Davies-Bowler - Director


PINEWOOD PROPERTY ESTATES LIMITED (REGISTERED NUMBER: 06016284)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Pinewood Property Estates 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over its estimated useful life of five 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

PINEWOOD PROPERTY ESTATES LIMITED (REGISTERED NUMBER: 06016284)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 18,800 49,054 23,701 45,784 137,339
Additions - - - 150 150
Disposals - - (3,163 ) - (3,163 )
At 31 March 2024 18,800 49,054 20,538 45,934 134,326
DEPRECIATION
At 1 April 2023 - 36,434 11,022 43,194 90,650
Charge for year - 1,895 2,577 1,586 6,058
Eliminated on disposal - - (791 ) - (791 )
At 31 March 2024 - 38,329 12,808 44,780 95,917
NET BOOK VALUE
At 31 March 2024 18,800 10,725 7,730 1,154 38,409
At 31 March 2023 18,800 12,620 12,679 2,590 46,689

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023 522,937
Disposals (522,937 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 522,937

PINEWOOD PROPERTY ESTATES LIMITED (REGISTERED NUMBER: 06016284)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Village Estates (Chesterfield) Limited
Registered office: 26 Mill Street, Clowne, Chesterfield, Derbyshire, S43 4JN
Nature of business: Estate Agency
%
Class of shares: holding
Ordinary 100.00
2024 31.12.22
£    £   
Aggregate capital and reserves - (26,908 )

The subsidiary was purchased 12 March 2021.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 55,986 -
Directors' current accounts 92,895 34,674
Prepayments 431 431
149,312 35,105

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,000 3,000
Other loans 40,981 37,404
Trade creditors 36,505 41,038
Amounts owed to group undertakings - 47,958
Tax 61,673 33,533
Social security and other taxes 11,309 10,674
VAT 42,965 65,420
Other creditors 6,371 2,701
Accrued expenses 6,343 6,864
209,147 248,592

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 9,000 9,000
Bank loans more 5 yr by instal 5,555 8,889
Other loans - 1-2 years 29,308 40,981
Other loans - 2-5 years - 29,308
46,863 91,178

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,555 8,889

PINEWOOD PROPERTY ESTATES LIMITED (REGISTERED NUMBER: 06016284)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S J Davies-Bowler
Balance outstanding at start of year 16,650 3,565
Amounts advanced 116,024 89,138
Amounts repaid (61,636 ) (76,053 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,038 16,650

R Taylor
Balance outstanding at start of year 18,024 19,850
Amounts advanced 21,933 18,024
Amounts repaid (18,100 ) (19,850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,857 18,024

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PINEWOOD PROPERTY ESTATES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pinewood Property Estates Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Pinewood Property Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pinewood Property Estates Limited and state those matters that we have agreed to state to the Board of Directors of Pinewood Property Estates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pinewood Property Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pinewood Property Estates Limited. You consider that Pinewood Property Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pinewood Property Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


26 November 2024