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Registered Number: 10093999
England and Wales

 

 

 

PILLAR PROPERTIES LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Report to the directors on the preparation of the unaudited statutory accounts of Pillar Properties Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pillar Properties Limited for the year ended 31 August 2024 which comprise of the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Pillar Properties Limited, as a body, in accordance with the terms of our engagement letter dated 21 May 2025 Our work has been undertaken solely to prepare for your approval the accounts of Pillar Properties Limited and state those matters that we have agreed to state to the Board of Directors of Pillar Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pillar Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pillar Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pillar Properties Limited. You consider that Pillar Properties Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Pillar Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2024



....................................................
Kirkpatrick and Hopes Limited
Merlin House
Brunel Road
Theale, Reading
Berkshire
RG7 4AB
21 May 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 11,219    8,864 
11,219    8,864 
Current assets      
Debtors 481,886    170,144 
Cash at bank and in hand (13,146)   (14,461)
468,740    155,683 
Creditors: amount falling due within one year (237,522)   (351,694)
Net current assets 231,218    (196,011)
 
Total assets less current liabilities 242,437    (187,147)
Creditors: amount falling due after more than one year (258,873)   (18,218)
Net assets (16,436)   (205,365)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (16,536)   (205,465)
Shareholders' funds (16,436)   (205,365)
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 May 2025 and were signed on its behalf by:


-------------------------------
Mr Kheng King Tiong
Director
2
General Information
Pillar Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10093999, registration address Merlin House, Brunel Road Theale, Reading, Berkshire, RG7 4AB. The trading address of the company is Eastley House, Brightwalton, Newbury, Berkshire, RG20 7DE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Plant and Machinery 15% Straight Line
Motor Vehicles 20% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 33% Straight Line

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

2.

Average number of employees

Average number of employees during the year was 6 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 September 2023 885    13,702    2,841    13,117    30,545 
Additions     7,494    832    8,326 
Disposals        
At 31 August 2024 885    13,702    10,335    13,949    38,871 
Depreciation
At 01 September 2023 265    8,222    2,531    10,663    21,681 
Charge for year 133    2,740    597    2,501    5,971 
On disposals        
At 31 August 2024 398    10,962    3,128    13,164    27,652 
Net book values
Closing balance as at 31 August 2024 487    2,740    7,207    785    11,219 
Opening balance as at 01 September 2023 620    5,480    310    2,454    8,864 


4.

Debtors: amounts falling due within one year

.   2024
£
  2023
£
Amount owed by group undertakings 134,565 
Prepayments & Accrued income 2,450  4,593 
Other debtors 344,871  165,551 
481,886  170,144 

5.

Creditors: amount falling due within one year

.   2024
£
  2023
£
Trade creditors 1,784  8,983 
Bank loans & overdrafts (Secured) 100,883  272,548 
Corporation tax 93,276  44,116 
PAYE & social security 2,421  1,540 
Other creditors 1,454  436 
VAT 37,704  24,071 
237,522  351,694 

6.

Creditors: amounts falling due after more than one year

.   2024
£
  2023
£
Bank loans & overdrafts (Secured) 258,873  18,218 
258,873  18,218 

3