REGISTERED NUMBER: 04418999 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2024

for

Pinemount Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J P Carroll

REGISTERED OFFICE:

No 6

Foxwood

Walton On Thames

Surrey

KT12 4BS

REGISTERED NUMBER:

04418999 (England and Wales)

FIXED ASSETS

Tangible assets

4

1

1

Investment property

5

553,576

481,773

553,577

481,774

CURRENT ASSETS

Debtors

6

-

327

Cash at bank

34

12

34

339

CREDITORS

Amounts falling due within one year

7

8,586

1,080

NET CURRENT LIABILITIES

(8,552

)

(741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

545,025

481,033

CREDITORS

Amounts falling due after more than one year

8

(484,130

)

(479,906

)

PROVISIONS FOR LIABILITIES

(36,866

)

(23,224

)

NET ASSETS/(LIABILITIES)

24,029

(22,097

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Undistributable Reserve

10

165,999

107,838

Retained earnings

10

(142,070

)

(130,035

)

SHAREHOLDERS' FUNDS

24,029

(22,097

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:

J P Carroll - Director

1.	STATUTORY INFORMATION

Pinemount Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

The company sustained a loss during the year (excluding the profit on revaluation) and it had net liabilities (excluding the adjustment on revaluation of the investment property) as at 30th April 2024. The sole director has confirmed that he will continue to support the company indefinitely by retaining the directors loan and on that basis he considers it appropriate to prepare these accounts on a going concern basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2023

and 30 April 2024

9,920

DEPRECIATION

At 1 May 2023

and 30 April 2024

9,919

NET BOOK VALUE

At 30 April 2024

1

At 30 April 2023

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2023

481,773

Revaluations

71,803

At 30 April 2024

553,576

NET BOOK VALUE

At 30 April 2024

553,576

At 30 April 2023

481,773

The investment property was valued on an informal basis on 24th January 2025 by property specialists, Marbella Homes. The increase in the value from the previous valuation undertaken in January 2024 amounting to £71,803 has been reflected in these financial statements.

If the investment property had not been revalued it would have been included at an historical cost of £350,711.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Other debtors

-

327

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Bank loans and overdrafts

7,134

-

Other creditors

1,452

1,080

8,586

1,080

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.24

30.4.23

£

£

Bank loans

40,286

49,798

Other creditors

443,844

430,108

484,130

479,906

30.4.24

30.4.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,751

9,798

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.24

30.4.23

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

Undistributable

earnings

Reserve

Totals

£

£

£

At 1 May 2023

(130,035

)

107,838

(22,197

)

Profit for the year

46,126

46,126

Profit & Loss Account Transfer

to Undistributable Reserve

(58,161

)

58,161

-

At 30 April 2024

(142,070

)

165,999

23,929

The Undistributable Reserve is stated after deducting provision for deferred tax and is not distributable.