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REGISTERED NUMBER: 01269044 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Pearlane Estates Limited

Pearlane Estates Limited (Registered number: 01269044)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pearlane Estates Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A R Walker





SECRETARY: A Walker





REGISTERED OFFICE: 2 Heap Bridge,
Bury
Lancashire
BL9 7HR





REGISTERED NUMBER: 01269044 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Pearlane Estates Limited (Registered number: 01269044)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 249 311
Investment property 6 1,351,731 1,351,731
1,351,980 1,352,042

CURRENT ASSETS
Debtors 7 156,215 151,339
Prepayments and accrued income 3,412 3,644
Cash at bank 83,183 37,890
242,810 192,873
CREDITORS
Amounts falling due within one year 8 (30,216 ) (40,087 )
NET CURRENT ASSETS 212,594 152,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,564,574

1,504,828

CREDITORS
Amounts falling due after more than one
year

9

(527,554

)

(527,554

)

PROVISIONS FOR LIABILITIES (15,696 ) (15,696 )
NET ASSETS 1,021,324 961,578

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 274,052 274,052
Retained earnings 747,172 687,426
1,021,324 961,578

Pearlane Estates Limited (Registered number: 01269044)

Balance Sheet - continued
30 September 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





A R Walker - Director


Pearlane Estates Limited (Registered number: 01269044)

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

1. STATUTORY INFORMATION

Pearlane Estates 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. 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 PREPARATION
These financial statements have been prepared using the historical cost convention except that as
disclosed in the accounting policies certain items are shown at fair value.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Pearlane Estates Limited (Registered number: 01269044)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 7,445 14,474 21,919
DEPRECIATION
At 1 October 2023 7,134 14,474 21,608
Charge for year 62 - 62
At 30 September 2024 7,196 14,474 21,670
NET BOOK VALUE
At 30 September 2024 249 - 249
At 30 September 2023 311 - 311

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,351,731
NET BOOK VALUE
At 30 September 2024 1,351,731
At 30 September 2023 1,351,731

The director considers that the above value is not materially different to the fair value of the investment properties as at 30 September 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 156,215 151,339

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 19,013 32,677
Other creditors 11,203 7,410
30,216 40,087

Pearlane Estates Limited (Registered number: 01269044)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 527,554 527,554

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 527,554 527,554

11. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 274,052