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REGISTERED NUMBER: 11560463 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Pebbles Real Estate Limited

Pebbles Real Estate Limited (Registered number: 11560463)






Contents of the Financial Statements
for the year ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pebbles Real Estate Limited

Company Information
for the year ended 28 February 2024







DIRECTORS: S Soin
J Soin
R Binns





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 11560463 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Pebbles Real Estate Limited (Registered number: 11560463)

Balance Sheet
28 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 28,044 37,393
Investments 6 50 50
Investment property 7 5,862,634 5,838,468
5,890,728 5,875,911

CURRENT ASSETS
Debtors 8 4,304,593 4,841,675
Cash at bank 102,988 92,683
4,407,581 4,934,358
CREDITORS
Amounts falling due within one year 9 (6,457 ) (5,934 )
NET CURRENT ASSETS 4,401,124 4,928,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,291,852

10,804,335

CREDITORS
Amounts falling due after more than one
year

10

(2,324,384

)

(2,924,616

)

PROVISIONS FOR LIABILITIES 12 (86,678 ) (63,104 )
NET ASSETS 7,880,790 7,816,615

CAPITAL AND RESERVES
Called up share capital 8,000,100 8,000,100
Retained earnings (119,310 ) (183,485 )
7,880,790 7,816,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Pebbles Real Estate Limited (Registered number: 11560463)

Balance Sheet - continued
28 February 2024


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 29 November 2024 and were signed on its behalf by:





J Soin - Director


Pebbles Real Estate Limited (Registered number: 11560463)

Notes to the Financial Statements
for the year ended 28 February 2024

1. STATUTORY INFORMATION

Pebbles Real Estate Limited ('The Company') is a property investment company.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF and the registered number is 11560463.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue represents rental income receivable on investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment properties are shown at fair value, the fair value is reviewed annually by the directors. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income.

Fixed asset investments
Unlisted investments are shown at cost less any impairment loss.

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.

Pebbles Real Estate Limited (Registered number: 11560463)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

3. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 28 February 2024 2,625 64,999 637 68,261
DEPRECIATION
At 1 March 2023 1,794 28,437 637 30,868
Charge for year 208 9,141 - 9,349
At 28 February 2024 2,002 37,578 637 40,217
NET BOOK VALUE
At 28 February 2024 623 27,421 - 28,044
At 28 February 2023 831 36,562 - 37,393

Pebbles Real Estate Limited (Registered number: 11560463)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 28 February 2024 64,999
DEPRECIATION
At 1 March 2023 28,437
Charge for year 9,141
At 28 February 2024 37,578
NET BOOK VALUE
At 28 February 2024 27,421
At 28 February 2023 36,562

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 28 February 2024 50
NET BOOK VALUE
At 28 February 2024 50
At 28 February 2023 50

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 5,838,468
Disposals (118,825 )
Revaluations 142,991
At 28 February 2024 5,862,634
NET BOOK VALUE
At 28 February 2024 5,862,634
At 28 February 2023 5,838,468

Fair value at 28 February 2024 is represented by:
£   
Valuation in 2024 5,862,634

Pebbles Real Estate Limited (Registered number: 11560463)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

7. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 5,495,087 5,613,912

8. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings - 6,470
Other debtors 780 1,110
Prepayments and accrued income 7,722 3,095
8,502 10,675

Amounts falling due after more than one year:
Amounts owed by related party 4,296,091 4,831,000

Aggregate amounts 4,304,593 4,841,675

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 11) 4,239 4,239
Trade creditors 360 308
Social security and other taxes 100 42
Other creditors 50 50
Directors' current accounts 586 274
Accrued expenses 1,122 1,021
6,457 5,934

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loan 2,285,201 2,881,194
Hire purchase contracts (see note 11) 39,183 43,422
2,324,384 2,924,616

Pebbles Real Estate Limited (Registered number: 11560463)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,239 4,239
Between one and five years 39,183 43,422
43,422 47,661

Non-cancellable operating leases
2024 2023
£    £   
Within one year 22,418 10,815
Between one and five years 57,914 -
80,332 10,815

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 86,678 63,104

Deferred
tax
£   
Balance at 1 March 2023 63,104
Charge for the year 23,574
Balance at 28 February 2024 86,678

13. NON-DISTRIBUTABLE RESERVES

Included in retained earnings shown in these financial statements are non-distributable reserves of £275,661 as they represent the fair value surplus on the revaluation of investment properties.