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REGISTERED NUMBER: 07924598 (England and Wales)





















Abridged Financial Statements For The Year Ended 31 May 2024

for

Pinecourt Limited

Pinecourt Limited (Registered number: 07924598)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Pinecourt Limited

Company Information
For The Year Ended 31 May 2024







DIRECTORS: Z Y Datoo
M Allana





SECRETARY:





REGISTERED OFFICE: 59 Cross Way
Cross Way
Havant
Hampshire
PO9 1NG





REGISTERED NUMBER: 07924598 (England and Wales)





AUDITORS: Citi Partners Consultants LLP
Chartered Accountants & Statutory Auditors
Gatcombe House
Copnor
Portsmouth
Hampshire
PO3 5EJ

Pinecourt Limited (Registered number: 07924598)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 673,583 688,469

CURRENT ASSETS
Stocks 2,205 2,205
Debtors 110,695 69,002
Cash at bank and in hand 300,134 464,396
413,034 535,603
CREDITORS
Amounts falling due within one year (195,529 ) (147,512 )
NET CURRENT ASSETS 217,505 388,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

891,088

1,076,560

CREDITORS
Amounts falling due after more than one
year

5

(349,391

)

(368,673

)

PROVISIONS FOR LIABILITIES (8,626 ) (7,063 )
NET ASSETS 533,071 700,824

CAPITAL AND RESERVES
Called up share capital 1,655 2,000
Capital redemption reserve 345 -
Retained earnings 531,071 698,824
SHAREHOLDERS' FUNDS 533,071 700,824

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 February 2025 and were signed on its behalf by:





M Allana - Director


Pinecourt Limited (Registered number: 07924598)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Pinecourt 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of considerations received, and is recognised in accordance with the period of the provision of care services to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

Pinecourt Limited (Registered number: 07924598)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 1,086,974
Additions 11,617
At 31 May 2024 1,098,591
DEPRECIATION
At 1 June 2023 398,504
Charge for year 26,504
At 31 May 2024 425,008
NET BOOK VALUE
At 31 May 2024 673,583
At 31 May 2023 688,470

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.5.24 31.5.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 234,416 295,930

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sibtain Versi (Senior Statutory Auditor)
for and on behalf of Citi Partners Consultants LLP

7. RELATED PARTY DISCLOSURES

Solent Cliffs Nursing Home Ltd owns 42.3% of the issued share capital and Mr Z & Mrs F Datoo own 33.23%.

8. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.