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REGISTERED NUMBER: 11653493 (England and Wales)















Audited Financial Statements for the Year Ended 30 June 2024

for

Pinnacle UK Group Limited

Pinnacle UK Group Limited (Registered number: 11653493)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Pinnacle UK Group Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Bramwell
V Goldberg
A S Knight
D M Potts





REGISTERED OFFICE: Unit 4 Turbine Road
Wirral
Merseyside
CH41 9BA





REGISTERED NUMBER: 11653493 (England and Wales)





INDEPENDENT AUDITORS: Haines Watts
Statutory Auditor
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Pinnacle UK Group Limited (Registered number: 11653493)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £ £ £ £
FIXED ASSETS
Investments 4 356,146 356,145

CURRENT ASSETS
Debtors 5 1,777 1,777

CREDITORS
Amounts falling due within one year 6 1,520 1,519
NET CURRENT ASSETS 257 258
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,403

356,403

CAPITAL AND RESERVES
Called up share capital 200 200
Other reserves 355,894 355,894
Retained earnings 309 309
SHAREHOLDERS' FUNDS 356,403 356,403

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:





D M Potts - Director


Pinnacle UK Group Limited (Registered number: 11653493)

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

1. STATUTORY INFORMATION

Pinnacle UK Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Pinnacle UK Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Gipfel Electrical Holdings Limited, Unit 4 C/O Pinnacle, Turbine Road, Birkenhead, CH41 9BA.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include other debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

Basic financial liabilities
Basic financial liabilities, including group and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharge or cancelled.


Pinnacle UK Group Limited (Registered number: 11653493)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2023 356,145
Additions 1
At 30 June 2024 356,146
NET BOOK VALUE
At 30 June 2024 356,146
At 30 June 2023 356,145


Company name
Address of the registered
office

Nature of business

Interest
Pinnacle Electrical Supplies
Limited
Unit 4 Turbine Road,
Turbine Business Park,
Birkenhead, CH41 9BA
Wholesale of electronic and
telecommunications
equipment and parts
100% of
ordinary share
capital

Pinnacle Electrical Supplies
(Bolton) Limited
Unit 4 Turbine Road,
Turbine Business Park,
Birkenhead, CH41 9BA
Wholesale of electronic and
telecommunications
equipment and parts
51% of
ordinary share
capital

Pinnacle Plumbing & Heating
Supplies Limited
Unit 4 Turbine Road,
Turbine Business Park,
Birkenhead, CH41 9BA
Wholesale of hardware,
plumbing and heating
equipment and supplies
100% of
ordinary share
capital

Pinnacle Electrical Supplies
(Oldham) Limited
Unit 4 Turbine Road,
Turbine Business Park,
Birkenhead, CH41 9BA
Wholesale of electronic and
telecommunications
equipment and parts
100% of
ordinary share
capital

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Amounts owed by group undertakings 1,777 1,777

Pinnacle UK Group Limited (Registered number: 11653493)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Amounts owed to group undertakings 152 151
Other creditors 1,368 1,368
1,520 1,519

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

The Report of the Auditors was unqualified.

Michael J Forshaw (Senior Statutory Auditor)
for and on behalf of Haines Watts

8. OTHER FINANCIAL COMMITMENTS

The company is a chargor in relation to the secured debts held by Arbuthnot individually with Gipfel Electrical Holdings Limited, Pinnacle Electrical Supplies Limited, Pinnacle Electrical Supplies (Bolton) Limited and Pinnacle Plumbing and Heating Limited.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in creditors at the year end is an amount of £51 (2023: £51) due from Pinnacle UK Group Limited. This amount amount is interest free and repayable on demand.

10. POST BALANCE SHEET EVENTS

The company has been made a chargor to the secured debt held by Arbuthnot with Pinnacle Electrical Supplies (Oldham) Limited.

11. ULTIMATE CONTROLLING PARTY

For the year ended 30 June 2024, the parent of the smallest group for which consolidated accounts are drawn up of which the small entity is a member is Gipfel Electrical Holdings Limited. Copies of the group accounts are available from Unit 4 Turbine Road, Wirral, Merseyside, England, CH41 9BA.

The ultimate controlling party is Gipfel Electrical Holdings Limited.