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PEDERSEN (KNIGHTSBRIDGE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024
The main company activity is that of property investment. The company has not yet purchased any
properties and did not trade during the year.
The Company is a private company limited by shares and is incorporated in England and Wales.
The Registered Office address is 48 Rochester Row, London, England, SW1P 1JU.
The presentational and functional currency of the company is GBP and the accounts have been
rounded to the nearest one pound.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The company had net current liabilities of £235,204 (2023: £235,204) at the year end. The company is dependent on the support of its related parties. The directors believe that such support will not be withdrawn and therefore the financial statements have been prepared on a going concern basis.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
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The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
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