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Company Registration No. 08979445 (England and Wales)
Pell Ealing Investments Limited Unaudited accounts for the year ended 30 April 2024
Pell Ealing Investments Limited Unaudited accounts Contents
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Pell Ealing Investments Limited Company Information for the year ended 30 April 2024
Directors
Jonathan Michael Pell Benjamin Gerald Pell
Company Number
08979445 (England and Wales)
Registered Office
Hazelwood Tenterden Grove London Tenterden Grove London NW4 1SX England
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Pell Ealing Investments Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,480,000 
1,480,000 
Current assets
Cash at bank and in hand
194,149 
191,833 
Creditors: amounts falling due within one year
(1,582,991)
(1,605,830)
Net current liabilities
(1,388,842)
(1,413,997)
Net assets
91,158 
66,003 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
91,058 
65,903 
Shareholders' funds
91,158 
66,003 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2023 and were signed on its behalf by
Benjamin Gerald Pell Director Company Registration No. 08979445
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Pell Ealing Investments Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Pell Ealing Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08979445. The registered office is Hazelwood Tenterden Grove London, Tenterden Grove, London, NW4 1SX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
1,480,000 
At 30 April 2024
1,480,000 
The 2024 valuations were made by director, Mr. B G Pell an experienced property investor, on an open market value for existing use basis.
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Pell Ealing Investments Limited Notes to the Accounts for the year ended 30 April 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,901 
6,151 
Other creditors
1,574,930 
1,597,519 
Accruals
2,160 
2,160 
1,582,991 
1,605,830 
6
Transactions with related parties
Included in Creditors for amounts falling due within one year is shareholders loans of £1,570,346 (2023: £1,592,935). Two of the shareholders are also directors. The loans are interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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