Registered number
11192799
PINEWOOD HOUSE PROPERTY LTD
Filleted Accounts
31 March 2024
PINEWOOD HOUSE PROPERTY LTD
Registered number: 11192799
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,650,265 2,650,265
Current assets
Debtors 4 2,109 2,109
Cash at bank and in hand 3,798 2,322
5,907 4,431
Creditors: amounts falling due within one year 5 (2,637,031) (2,643,022)
Net current liabilities (2,631,124) (2,638,591)
Net assets 19,141 11,674
Capital and reserves
Called up share capital 500 500
Profit and loss account 18,641 11,174
Shareholders' funds 19,141 11,674
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Harpreet Kaur
Director
Approved by the board on 24 February 2025
PINEWOOD HOUSE PROPERTY LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings NIL
Investment Property
Investment property is revalued annually for the fair value and the surplus or deficit is transferred
to profit and loss account. No depreciation is provided in respect of investment property.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 2,650,265
At 31 March 2024 2,650,265
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 2,650,265
At 31 March 2023 2,650,265
4 Debtors 2024 2023
£ £
Other debtors 2,109 2,109
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,130,262 1,127,000
Trade creditors 720 1,188
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,399,101 1,405,701
Taxation and social security costs 5,525 8,214
Other creditors 101,423 100,919
2,637,031 2,643,022
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 1,130,262 1,127,000
The bank loan is secured by way of fixed and floating charge against all the property or undertaking of the company and also contains negative pledge.
7 Related party transactions 2024 2023
£ £
BCL Group Limited
Common director
Included within group undertakings is an amount payable of: 539,100 545,700
Pharmadent Holdings Limited
Common director
Included within group undertakings is an amount payable of: 860,000 860,000
8 Controlling party
The company is under the joint control of its shareholders.
9 Other information
PINEWOOD HOUSE PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 9, Hounslow Business Park
Alice Way
Hounslow
Middlesex
TW3 3UD
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