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Registered number: 14238667
Pine Property Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report of the Accountant to the director of Pine Property Solutions Ltd
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
ZA Limited
08/04/2025
Page 1
Page 2
Balance Sheet
Registered number: 14238667
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,446 -
Investment Properties 5 677,311 677,311
746,757 677,311
CURRENT ASSETS
Cash at bank and in hand 82,467 35,042
82,467 35,042
Creditors: Amounts Falling Due Within One Year 6 (500 ) (500 )
NET CURRENT ASSETS (LIABILITIES) 81,967 34,542
TOTAL ASSETS LESS CURRENT LIABILITIES 828,724 711,853
Creditors: Amounts Falling Due After More Than One Year 7 (923,869 ) (748,088 )
NET LIABILITIES (95,145 ) (36,235 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (95,146 ) (36,236 )
SHAREHOLDERS' FUNDS (95,145) (36,235)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Noor Al-Naseri
Director
08/04/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 17 July 2023 1 (32,145 ) (32,144)
Loss for the period and total comprehensive income - (4,091 ) (4,091)
As at 31 July 2023 and 1 August 2023 1 (36,236 ) (36,235)
Loss for the year and total comprehensive income - (58,910 ) (58,910)
As at 31 July 2024 1 (95,146 ) (95,145)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Pine Property Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14238667 . The registered office is 31 Ivey Road, London, NW2 6SY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25/% on reducing balance method
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 -
Additions 92,594
As at 31 July 2024 92,594
Depreciation
As at 1 August 2023 -
Provided during the period 23,148
As at 31 July 2024 23,148
Net Book Value
As at 31 July 2024 69,446
As at 1 August 2023 -
5. Investment Property
31 July 2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 677,311
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Other creditors 500 500
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2024 31 July 2023
£ £
Bank loans 494,400 494,400
Other creditors 429,469 253,688
923,869 748,088
8. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5