Registered number |
Registered number: | |||||||
Abridged Balance Sheet | |||||||
as at |
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Notes | 2024 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | - | |||||
Current assets | |||||||
Debtors | |||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | ( |
( |
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Net current assets/(liabilities) | ( |
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Total assets less current liabilities | |||||||
Provisions for liabilities | - | ( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Revaluation reserve | 5 | - | |||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
Mrs R S Steer | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Abridged Accounts | ||||||||
for the period from 1 December 2022 to |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Revenue recognition | ||||||||
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Investment properties | ||||||||
Changes in fair value are recognised in the Profit and Loss account. |
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Tangible fixed assets | ||||||||
Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss account. Depreciation is provided as follows: |
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Plant, machinery and equipment | over 5-15 years straight line | |||||||
Debtors | ||||||||
Creditors | ||||||||
Cash and cash equivalents | ||||||||
Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
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Taxation | ||||||||
Tax is recognised in the Profit and Loss account, except that a charge is attributable to an item of income or expense recognised as other comprehensive income, in which case the tax is also recognised as other comprehensive income. A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property held for sale where the tax rate that is expected to apply on the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions | ||||||||
Foreign currency translation | ||||||||
Pensions | ||||||||
2 | Employees | 2024 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Total | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 December 2022 | ||||||||
Disposals | ( |
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At 29 February 2024 | - | |||||||
Depreciation | ||||||||
At 1 December 2022 | ||||||||
On disposals | ( |
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At 29 February 2024 | - | |||||||
Net book value | ||||||||
At 29 February 2024 | - | |||||||
At 30 November 2022 | ||||||||
If the investment properties (including integral features) had been accounted for under the historic | ||||||||
cost accounting rules, the properties would have been measured as follows: | ||||||||
Freehold land and buildings: | 2024 | 2022 | ||||||
£ | £ | |||||||
Historical cost | - | 631,823 | ||||||
Cumulative depreciation based on historical cost | - | 14,897 | ||||||
- | ||||||||
4 | Loans | 2024 | 2022 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Secured bank loans | - | 74,000 | ||||||
5 | Revaluation reserve | 2024 | 2022 | |||||
£ | £ | |||||||
At 1 December 2022 | ||||||||
Gain on revaluation of land and buildings | - | |||||||
Deferred taxation arising on the revaluation of land and buildings | - | ( |
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Transfer to profit and loss reserve | (212,305) | |||||||
At 29 February 2024 | - | |||||||
6 | Other information | |||||||
PELLEMUR LTD is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Tanglewood South End | ||||||||
Preston Bissett | ||||||||
Buckingham | ||||||||
MK18 4LR |