1 December 2022 v2024.64.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP139599432022-12-012023-11-30139599432023-11-30139599432022-11-3013959943core:WithinOneYear2023-11-3013959943core:WithinOneYear2022-11-3013959943core:ShareCapital2023-11-3013959943core:ShareCapital2022-11-3013959943core:RetainedEarningsAccumulatedLosses2023-11-3013959943core:RetainedEarningsAccumulatedLosses2022-11-3013959943bus:Director12022-12-012023-11-3013959943bus:RegisteredOffice2022-12-012023-11-301395994312022-12-012023-11-30139599432022-03-072022-11-3013959943countries:EnglandWales2022-12-012023-11-3013959943bus:AuditExemptWithAccountantsReport2022-12-012023-11-3013959943bus:PrivateLimitedCompanyLtd2022-12-012023-11-3013959943bus:SmallEntities2022-12-012023-11-3013959943bus:FullAccounts2022-12-012023-11-30
Company registration number:
13959943
Pastel Group Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Pastel Group Limited
Statement of Financial Position
30 November 2023
20232022
Note££
Current assets    
Debtors 5
28,359
 
1,000
 
Cash at bank and in hand
1,330
 
4,502
 
29,689
 
5,502
 
Creditors: amounts falling due within one year 6
(27,474
)
(2,811
)
Net current assets
2,215
 
2,691
 
Total assets less current liabilities 2,215   2,691  
Capital and reserves    
Called up share capital
85
 
85
 
Profit and loss account
2,130
 
2,606
 
Shareholders funds
2,215
 
2,691
 
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 November 2024
, and are signed on behalf of the board by:
Mr Mark Thorndike
Director
Company registration number:
13959943
Pastel Group Limited
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Lymedale Business Centre
,
Hooters Hall Road
,
Newcastle under Lyme
,
Staffordshire
,
ST5 9QF
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Debtors

20232022
££
Trade debtors
3,531
  -  
Amounts owed by group undertakings and undertakings in which the company has a participating interest
24,828
 
1,000
 
28,359
 
1,000
 

6 Creditors: amounts falling due within one year

20232022
££
Trade creditors
206
  -  
Amounts owed to group undertakings and undertakings in which the company has a participating interest
9,621
  -  
Taxation and social security
5,458
 
1,646
 
Other creditors
12,189
 
1,165
 
27,474
 
2,811
 

8 Controlling party

The company is under the control of Mr Mark Thorndike by virtue of his shareholding in the company.