REGISTERED NUMBER: 03676932 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Pilgrims Way Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S D Yadave

S D Yadave

R D Yadave

D L Yadave

SECRETARY:

S D Yadave

REGISTERED OFFICE:

10 Bower Mount Road

Maidstone

Kent

ME16 8AU

REGISTERED NUMBER:

03676932 (England and Wales)

FIXED ASSETS

Tangible assets

4

942,413

983,643

CURRENT ASSETS

Debtors

5

206,613

237,013

Cash at bank and in hand

516,752

554,485

723,365

791,498

CREDITORS

Amounts falling due within one year

6

487,957

648,958

NET CURRENT ASSETS

235,408

142,540

TOTAL ASSETS LESS CURRENT LIABILITIES

1,177,821

1,126,183

PROVISIONS FOR LIABILITIES

8

63,542

67,539

NET ASSETS

1,114,279

1,058,644

CAPITAL AND RESERVES

Called up share capital

9

50,003

50,003

Retained earnings

10

1,064,276

1,008,641

SHAREHOLDERS' FUNDS

1,114,279

1,058,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

D L Yadave - Director

1.	STATUTORY INFORMATION

Pilgrims Way 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.

Turnover

Turnover represents fees receivable and these are not subject to Value Added Tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 February 2024

716,920

1,036,417

1,753,337

Additions

-

17,961

17,961

At 31 January 2025

716,920

1,054,378

1,771,298

DEPRECIATION

At 1 February 2024

14,338

755,356

769,694

Charge for year

14,338

44,853

59,191

At 31 January 2025

28,676

800,209

828,885

NET BOOK VALUE

At 31 January 2025

688,244

254,169

942,413

At 31 January 2024

702,582

281,061

983,643

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

186,957

219,863

Other debtors

19,656

17,150

206,613

237,013

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

393,376

412,290

Taxation and social security

58,664

139,222

Other creditors

35,917

97,446

487,957

648,958

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Between one and five years

275,000

275,000

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

63,542

67,539

Deferred

tax

£

Balance at 1 February 2024

67,539

Credit to Income Statement during year

(3,997

)

Balance at 31 January 2025

63,542

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

50,000

Ordinary

£1

50,000

50,000

1

Ordinary Class "B"

£1

1

1

1

Ordinary Class "C"

£1

1

1

1

Ordinary Class "D"

£1

1

1

50,003

50,003

10.

RESERVES

Retained

earnings

£

At 1 February 2024

1,008,641

Profit for the year

91,375

Dividends

(35,740

)

At 31 January 2025

1,064,276

11.	RELATED PARTY DISCLOSURES

The trading premises of the company are leased from the holding company, Pilgrims Way Holdings Limited at an annual rent of £275,000.

12.	ULTIMATE PARENT COMPANY

Pilgrims Way Holdings Limited (Incorporated in England & Wales - Registration Number: 10886862) is regarded by the directors as being the company's ultimate parent company.