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Company registration number: 07921250
Pond Convenience Stores Limited
Unaudited filleted financial statements
30 September 2024
Pond Convenience Stores Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Pond Convenience Stores Limited
Directors and other information
Directors Mr Jatish Malde
Mr Divyesh Malde
Secretary Jatish Malde
Company number 07921250
Registered office 11 Greenhill Crescent
Watford Business Park
Watford
Hertfordshire
WD18 8QU
Business address 11 Greenhill Crescent
Watford Business Park
Watford
Hertfordshire
WD18 8QU
Accountants P R Shah & Co
10 Bouverie Gardens
Harrow
Middlesex
HA3 0RQ
Bankers HSBC Bank Plc
73 High Street
Watford
Hertfordshire
WD17 2DS
Pond Convenience Stores Limited
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 4 - 75,315
Cash at bank and in hand 74,765 77,431
_______ _______
74,765 152,746
Creditors: amounts falling due
within one year 5 ( 35,130) ( 111,825)
_______ _______
Net current assets 39,635 40,921
_______ _______
Total assets less current liabilities 39,635 40,921
_______ _______
Net assets 39,635 40,921
_______ _______
Capital and reserves
Called up share capital 200 200
Profit and loss account 39,435 40,721
_______ _______
Shareholders funds 39,635 40,921
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 February 2025 , and are signed on behalf of the board by:
Mr Jatish Malde
Director
Company registration number: 07921250
Pond Convenience Stores Limited
Statement of changes in equity
Year ended 30 September 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2021 200 41,776 41,976
Loss for the year ( 1,055) ( 1,055)
_______ _______ _______
Total comprehensive income for the year - ( 1,055) ( 1,055)
_______ _______ _______
At 30 September 2023 and 1 October 2023 200 40,721 40,921
Loss for the year ( 1,286) ( 1,286)
_______ _______ _______
Total comprehensive income for the year - ( 1,286) ( 1,286)
_______ _______ _______
At 30 September 2024 200 39,435 39,635
_______ _______ _______
Pond Convenience Stores Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Pond Convenience Stores Limited, 11 Greenhill Crescent, Watford Business Park, Watford, Hertfordshire, WD18 8QU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2024 2023
£ £
Other debtors - 75,315
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Other loans 10,092 23,092
Other creditors 25,038 88,733
_______ _______
35,130 111,825
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Jatish Malde ( 598) 4,025 ( 7,046) ( 3,619)
Mr Divyesh Malde ( 55,417) 74,025 ( 37,516) ( 18,908)
_______ _______ _______ _______
( 56,015) 78,050 ( 44,562) ( 22,527)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Jatish Malde ( 650) 6,052 ( 6,000) ( 598)
Mr Divyesh Malde ( 72,125) 16,708 - ( 55,417)
_______ _______ _______ _______
( 72,775) 22,760 ( 6,000) ( 56,015)
_______ _______ _______ _______
7. Controlling party
The directors are regarded as controlling parties by virtue of having the ability to act in concert in respect of the operations of the company.