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Registered Number: 14470607
England and Wales

 

 

 

PENDULA ESTATES 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 Pendula Estates 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 Pendula Estates 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 Pendula Estates 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 Pendula Estates Limited and state those matters that we have agreed to state to the Board of Directors of Pendula Estates 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 Pendula Estates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pendula Estates 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 Pendula Estates Limited. You consider that Pendula Estates 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 Pendula Estates 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 12,720,000    13,345,000 
12,720,000    13,345,000 
Current assets      
Debtors 331,442    197,529 
Cash at bank and in hand 9,603    46,843 
341,045    244,372 
Creditors: amount falling due within one year (8,345,985)   (8,445,926)
Net current assets (8,004,940)   (8,201,554)
 
Total assets less current liabilities 4,715,060    5,143,446 
Net assets 4,715,060    5,143,446 
 

Capital and reserves
     
Called up share capital 5,517,207    5,517,207 
Profit and loss account (802,147)   (373,761)
Shareholders' funds 4,715,060    5,143,446 
 


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:


-------------------------------
K K Tiong
Director
2
General Information
Pendula Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 14470607, registration address Eastley House, BrightWalton , Newbury, Berkshire , RG20 7DE .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
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.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 September 2023 13,345,000    13,345,000 
Additions  
Disposals (625,000)   (625,000)
At 31 August 2024 12,720,000    12,720,000 
Depreciation
At 01 September 2023  
Charge for year  
On disposals  
At 31 August 2024  
Net book values
Closing balance as at 31 August 2024 12,720,000    12,720,000 
Opening balance as at 01 September 2023 13,345,000    13,345,000 


4.

Advances and Credits



KK Tiong & Mrs C M Tiong


Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
KK Tiong & Mrs C M Tiong197,529 295,407 492,936 
1975292954070492936000
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
KK Tiong & Mrs C M Tiong470,667 273,138 197,529 
0470667027313800197529
5.

Secured Debts

During the year 8 charges were registered in favour of Landbay Partners Limited. All 8 charges have a negative pledge. The charges were over the following Investment properties:

6 Yew Lane Reading RG1 6DA
7 Gurney Drive, Caversham , Reading
54,55,58 and 76 Blakes Quays, Gaswork Road, Reading
66 Regents Riverside, Brigham Road, Reading
Flat 3 Eldon Lodge 192-200 Kings Road, Reading

6.

Debtors: amounts falling within one year

.   2024
£
  2023
£
Other creditors 331,442 
Directors current accounts 197,529 
398935 331,442  197,529 

3