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Company Registration No. 09498591 (England and Wales)
Pell Buy It Investments Limited Unaudited accounts for the year ended 31 March 2024
Pell Buy It Investments Limited Unaudited accounts Contents
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Pell Buy It Investments Limited Company Information for the year ended 31 March 2024
Directors
Jonathan Michael Pell Rita Pell Benjamin Gerald Pell
Company Number
09498591 (England and Wales)
Registered Office
Hazelwood Tenterden Grove London NW4 1SX United Kingdom
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Pell Buy It Investments Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,380,000 
2,380,000 
Current assets
Debtors
- 
1,425 
Cash at bank and in hand
404,415 
438,079 
404,415 
439,504 
Creditors: amounts falling due within one year
(193,648)
(260,360)
Net current assets
210,767 
179,144 
Net assets
2,590,767 
2,559,144 
Capital and reserves
Called up share capital
200 
200 
Revaluation reserve
2,449,800 
2,449,800 
Profit and loss account
140,767 
109,144 
Shareholders' funds
2,590,767 
2,559,144 
For the year ending 31 March 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 2025 and were signed on its behalf by
Rita Pell Director Company Registration No. 09498591
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Pell Buy It Investments Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Pell Buy It Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 09498591. The registered office is Hazelwood, Tenterden Grove, London, NW4 1SX, United Kingdom.
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.
Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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 April 2023
2,380,000 
At 31 March 2024
2,380,000 
The 2024 valuations were made by the directors who are experienced property investors, on an open market value for existing use basis.
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Pell Buy It Investments Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,425 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,510 
Taxes and social security
7,418 
7,964 
Other creditors
180,200 
244,856 
Accruals
6,030 
6,030 
193,648 
260,360 
7
Transactions with related parties
Included in other creditors falling due within one year is £153,082 (2023: £217,738) owed to the shareholders.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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