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REGISTERED NUMBER: 08712395 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Pegasus Law (UK) Limited

Pegasus Law (UK) Limited (Registered number: 08712395)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pegasus Law (UK) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P Flory





SECRETARY: MSS Accountancy Services Ltd





REGISTERED OFFICE: 341 Garratt Lane
Wandsworth
London
SW18 4DX





REGISTERED NUMBER: 08712395 (England and Wales)





ACCOUNTANTS: MSS Accountancy Services Ltd
341 Garratt Lane
Wandsworth
London
SW18 4DX

Pegasus Law (UK) Limited (Registered number: 08712395)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,526 21,449

CURRENT ASSETS
Debtors 5 245 -
Cash at bank 48,435 49,351
48,680 49,351
CREDITORS
Amounts falling due within one year 6 63,986 32,248
NET CURRENT (LIABILITIES)/ASSETS (15,306 ) 17,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,220

38,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,120 38,452
SHAREHOLDERS' FUNDS 2,220 38,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 May 2025 and were signed by:





P Flory - Director


Pegasus Law (UK) Limited (Registered number: 08712395)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Pegasus Law (UK) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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 2 (2023 - 2 ) .

Pegasus Law (UK) Limited (Registered number: 08712395)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 77,124 7,978 85,102
Additions 20,720 1,692 22,412
At 31 October 2024 97,844 9,670 107,514
DEPRECIATION
At 1 November 2023 55,675 7,978 63,653
Charge for year 26,053 282 26,335
At 31 October 2024 81,728 8,260 89,988
NET BOOK VALUE
At 31 October 2024 16,116 1,410 17,526
At 31 October 2023 21,449 - 21,449

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 245 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 420 947
Taxation and social security 11,999 9,136
Other creditors 51,567 22,165
63,986 32,248