1 Pinnacle Investing Limited 11181520 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11181520 2024-03-01 2025-02-28 11181520 2025-02-28 11181520 core:CurrentFinancialInstruments 2025-02-28 11181520 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 11181520 core:Non-currentFinancialInstruments 2025-02-28 11181520 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 11181520 bus:SmallEntities 2024-03-01 2025-02-28 11181520 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 11181520 bus:FilletedAccounts 2024-03-01 2025-02-28 11181520 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11181520 bus:RegisteredOffice 2024-03-01 2025-02-28 11181520 bus:Director1 2024-03-01 2025-02-28 11181520 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11181520 bus:Agent1 2024-03-01 2025-02-28 11181520 countries:EnglandWales 2024-03-01 2025-02-28 11181520 2024-02-29 11181520 2023-03-01 2024-02-29 11181520 2024-02-29 11181520 core:CurrentFinancialInstruments 2024-02-29 11181520 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 11181520 core:Non-currentFinancialInstruments 2024-02-29 11181520 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 xbrli:pure iso4217:GBP

Registration number: 11181520

Pinnacle Investing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

image-name
 

Pinnacle Investing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Pinnacle Investing Limited

Company Information

Director

RP Jones

Registered office

Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Accountants

Lucraft Hodgson & Dawes LLP Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Pinnacle Investing Limited

(Registration number: 11181520)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed Assets

 

Investment property

4

185,000

185,000

Current assets

 

Debtors

5

1,616

1,691

Cash at bank and in hand

 

3,391

5,692

 

5,007

7,383

Creditors: Amounts falling due within one year

6

(70,692)

(62,841)

Net current liabilities

 

(65,685)

(55,458)

Total assets less current liabilities

 

119,315

129,542

Creditors: Amounts falling due after more than one year

6

(132,112)

(132,112)

Provisions for liabilities

(1,576)

(1,576)

Net liabilities

 

(14,373)

(4,146)

Capital and Reserves

 

Called up share capital

100

100

Other reserves

4,728

4,728

Retained Earnings

(19,201)

(8,974)

Shareholders' deficit

 

(14,373)

(4,146)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2025
 

.........................................
RP Jones
Director

   
     
 

Pinnacle Investing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
England

These financial statements were authorised for issue by the director on 15 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis not withstanding the companies' net liabilities position. The director is confident that with his support the company can continue to trade for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Pinnacle Investing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Pinnacle Investing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Investment properties

2025
£

At 1 March

185,000

At 28 February

185,000

The property was valued at the balance sheet date by the director.

 

Pinnacle Investing Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5

Debtors

Current

2025
£

2024
£

Prepayments

1,616

1,691

 

1,616

1,691

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

62,352

62,041

Accruals and deferred income

 

840

800

Other creditors

 

7,500

-

 

70,692

62,841

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

132,112

132,112

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

132,112

132,112

Current loans and borrowings

2025
£

2024
£

Other borrowings

62,352

62,041