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Company Registration No. 00635445 (England and Wales)
Pediment Investments Limited Unaudited accounts for the year ended 31 January 2024
Pediment Investments Limited Unaudited accounts Contents
Page
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Pediment Investments Limited Company Information for the year ended 31 January 2024
Directors
Ruth Archer David Warner Malcolm Warner
Secretary
Ruth Warner
Company Number
00635445 (England and Wales)
Registered Office
4th Floor Office 205 Regent Street London W1B 4HB United Kingdom
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Pediment Investments Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
200,000 
200,000 
Debtors
21,336 
8,143 
Cash at bank and in hand
57,712 
102,587 
279,048 
310,730 
Creditors: amounts falling due within one year
(345,007)
(345,727)
Net current liabilities
(65,959)
(34,997)
Net liabilities
(65,959)
(34,997)
Capital and reserves
Called up share capital
600 
600 
Profit and loss account
(66,559)
(35,597)
Shareholders' funds
(65,959)
(34,997)
For the year ending 31 January 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 31 January 2025 and were signed on its behalf by
Malcolm Warner Director Company Registration No. 00635445
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Pediment Investments Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Pediment Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 00635445. The registered office is 4th Floor Office, 205 Regent Street, London, W1B 4HB, 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,686 
- 
Accrued income and prepayments
1,507 
- 
Other debtors
18,143 
8,143 
21,336 
8,143 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
577 
Other creditors
3,484 
208,161 
Loans from directors
340,773 
136,089 
Accruals
750 
900 
345,007 
345,727 
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Pediment Investments Limited Notes to the Accounts for the year ended 31 January 2024
6
Transactions with related parties
Pediment (Holdings) Limited: The company is related to Pediment Investments Limited by virtue of common shareholders and directors. The amount owed to Pediment (Holdings) Limited at the balance sheet date was £3,478 (2023: £208,162). Pediment Properties Limited: The company is related to Pediment Investments Limited by virtue of common shareholders and directors. The amount owed from Pediment Properties Limited at the balance sheet date was £18,143 (2023: £8,143).
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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