Pivotal Investments Limited 14135194 true 2023-06-01 2024-09-30 2024-09-30 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true D M Eaton false 14135194 2023-06-01 2024-09-30 14135194 2024-09-30 14135194 core:ShareCapital 2024-09-30 14135194 core:CurrentFinancialInstruments 2024-09-30 14135194 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 14135194 core:CostValuation 2024-09-30 14135194 core:DisposalsDecreaseInInvestments 2024-09-30 14135194 bus:FRS102 2023-06-01 2024-09-30 14135194 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-09-30 14135194 bus:FullAccounts 2023-06-01 2024-09-30 14135194 bus:RegisteredOffice 2023-06-01 2024-09-30 14135194 bus:Director1 2023-06-01 2024-09-30 14135194 bus:EntityHasNeverTraded 2023-06-01 2024-09-30 14135194 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-09-30 14135194 countries:EnglandWales 2023-06-01 2024-09-30 14135194 core:CostValuation 2023-05-31 14135194 2022-05-26 2023-05-31 14135194 2023-05-31 14135194 core:ShareCapital 2023-05-31 14135194 core:CurrentFinancialInstruments 2023-05-31 14135194 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 14135194

PREPARED FOR REGISTRAR

Pivotal Investments Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 June 2023 to 30 September 2024

 

Pivotal Investments Limited

Profit and Loss Account for the Period from 1 June 2023 to 30 September 2024

The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Pivotal Investments Limited

(Registration number: 14135194)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

50

76

Current assets

 

Debtors

5

35,679

35,679

Creditors: Amounts falling due within one year

6

(35,719)

(35,745)

Net current liabilities

 

(40)

(66)

Net assets

 

10

10

Capital and reserves

 

Called up share capital

10

10

Shareholders' funds

 

10

10

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 March 2025
 


D M Eaton
Director

 

Pivotal Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Shared Space 4
Belgrave Road
Gloucester
GL1 1QZ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Pivotal Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 September 2024

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

50

76

Subsidiaries

£

Cost or valuation

At 1 June 2023

76

Disposals

(26)

At 30 September 2024

50

Provision

Carrying amount

At 30 September 2024

50

At 31 May 2023

76

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

35,669

35,669

Other debtors

 

10

10

 

35,679

35,679

 

Pivotal Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 30 September 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

35,719

35,719

Other payables

 

-

26

 

35,719

35,745