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REGISTERED NUMBER: 10721486 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Pink Pomegranate Limited

Pink Pomegranate Limited (Registered number: 10721486)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Pink Pomegranate Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A McLeish
Mrs L Mcleish





REGISTERED OFFICE: 69 Scholars Green Lane
Lymm
Cheshire
WA13 0PS





REGISTERED NUMBER: 10721486 (England and Wales)





ACCOUNTANTS: Jonathan Ford & Co Limited
Chartered Accountants
Maxwell House
Liverpool Innovation Park
Liverpool
Merseyside
L7 9NJ

Pink Pomegranate Limited (Registered number: 10721486)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 165,782 160,782

CURRENT ASSETS
Cash at bank 627 917

CREDITORS
Amounts falling due within one year 6 18,209 18,807
NET CURRENT LIABILITIES (17,582 ) (17,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,200

142,892

CREDITORS
Amounts falling due after more than
one year

7

(84,000

)

(84,000

)

PROVISIONS FOR LIABILITIES (13,750 ) (12,500 )
NET ASSETS 50,450 46,392

Pink Pomegranate Limited (Registered number: 10721486)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 41,250 37,500
Retained earnings 9,198 8,890
SHAREHOLDERS' FUNDS 50,450 46,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 27 January 2025 and were signed on its behalf by:





A McLeish - Director


Pink Pomegranate Limited (Registered number: 10721486)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Pink Pomegranate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
(i) Investment property

The fair value of investment property is assessed at each reporting date. An independent qualified surveyor will be appointed periodically to formally value investment property but in the intervening periods the directors, one of whom is an estate agent, will value the property.

The key factors considered by the directors when valuing the investment property are the condition of the property, market demand and comparability with similar properties in the local area.

Turnover
Turnover represents rents received net of value added tax.

Revenue recognition
Rent is recognised in the period to which it relates.

Tenant deposits are recognised as income to the extent they are withheld and at the point that the amount to be withheld is formally agreed with the tenant.

Tenant deposits are paid directly into a third party Deposit Protection Scheme by the tenant and are therefore not accounted for in these financial statements.

Investment property
Investment properties are revalued annually with any surplus or deficit being dealt through profit and loss. No depreciation is provided in respect of investment properties.


Pink Pomegranate Limited (Registered number: 10721486)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Current tax
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Deferred tax
Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when 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 and that are expected to apply to the reversal of the timing difference.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 160,782
Revaluations 5,000
At 30 April 2024 165,782
NET BOOK VALUE
At 30 April 2024 165,782
At 30 April 2023 160,782

Investment property is comprised of one property, acquired on 13 December 2017 for £105,000. The property's value was assessed as at 30 April 2024 by the directors. Although, the valuation was not performed by a qualified, independent surveyor, one of the directors is an estate agent experienced in providing property valuations.

There are no restrictions on the realisability of investment property or on the remittance of income and proceeds of disposal.

The company is contractually obliged to maintain in good repair investment property situated within blocks of apartments so that there is no impact on neighbouring apartments.

Pink Pomegranate Limited (Registered number: 10721486)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1 -
Taxation and social security 72 336
Other creditors 18,136 18,471
18,209 18,807

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 84,000 84,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 84,000 84,000

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 84,000 84,000

Charter Court Financial Services Limited has a fixed charge over Apartment 24, Ampleforth House, Dial Street, Warrington, WA1 2NX.

9. RESERVES
Revaluatio
reserve
£   
At 1 May 2023 37,500
In year reserve transfer 3,750

At 30 April 2024 41,250

Pink Pomegranate Limited (Registered number: 10721486)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. OFF-BALANCE SHEET ARRANGEMENTS

The company has no off-balance sheet arrangements.

11. RELATED PARTY DISCLOSURES

The company directors withdrew funds to the value of £335 from the company during the year, reducing the balance owed back to them for loans made. The amount outstanding at the balance sheet date amounted to £18,032 (2023 - £18,367). This is repayable on demand, unsecured and no guarantees have been given. No interest is being charged on the loan.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pink Pomegranate Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pink Pomegranate Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pink Pomegranate Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pink Pomegranate Limited and state those matters that we have agreed to state to the Board of Directors of Pink Pomegranate Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pink Pomegranate Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pink Pomegranate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pink Pomegranate Limited. You consider that Pink Pomegranate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pink Pomegranate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jonathan Ford & Co Limited
Chartered Accountants
Maxwell House
Liverpool Innovation Park
Liverpool
Merseyside
L7 9NJ



Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pink Pomegranate Limited

Date: .............................................