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Company Registration No. 07570994 (England and Wales)
Pimco Project Partners Limited Unaudited accounts for the year ended 31 March 2024
Pimco Project Partners Limited Unaudited accounts Contents
Page
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Pimco Project Partners Limited Company Information for the year ended 31 March 2024
Director
Mr Tariqul Hashan
Company Number
07570994 (England and Wales)
Registered Office
41 Riverway London N13 5JY United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Pimco Project Partners Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,910 
11,934 
Investment property
500,000 
500,000 
511,910 
511,934 
Current assets
Inventories
4,906 
4,906 
Debtors
340,135 
325,812 
Cash at bank and in hand
59,922 
82,977 
404,963 
413,695 
Creditors: amounts falling due within one year
(44,597)
(46,853)
Net current assets
360,366 
366,842 
Total assets less current liabilities
872,276 
878,776 
Creditors: amounts falling due after more than one year
(94,534)
(110,416)
Provisions for liabilities
Deferred tax
(43,129)
(43,134)
Net assets
734,613 
725,226 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
734,593 
725,206 
Shareholders' funds
734,613 
725,226 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 20 December 2024 and were signed on its behalf by
Mr Tariqul Hashan Director Company Registration No. 07570994
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Pimco Project Partners Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Pimco Project Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 07570994. The registered office is 41 Riverway, London, N13 5JY, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
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. Retained earnings include non-distributable reserves of £223,694 in respect of unrealised property gains.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Pimco Project Partners Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
20,871 
Additions
1,939 
At 31 March 2024
22,810 
Depreciation
At 1 April 2023
8,937 
Charge for the year
1,963 
At 31 March 2024
10,900 
Net book value
At 31 March 2024
11,910 
At 31 March 2023
11,934 
5
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Tariqul Hashan
Director's Loan
245,267 
9,268 
- 
254,535 
245,267 
9,268 
- 
254,535 
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed to the company from Mr Hashan was £254,535, a movement of £9,268 from the £245,267 owed to the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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