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REGISTERED NUMBER: 03433444 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PEGASUS PROPERTIES (HULL) LIMITED

PEGASUS PROPERTIES (HULL) LIMITED (REGISTERED NUMBER: 03433444)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEGASUS PROPERTIES (HULL) LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: T I Lidgard
Mrs S M Lidgard





SECRETARY: Mrs S M Lidgard





REGISTERED OFFICE: Unit 4
Chapman Street Industrial Estate
Chapman Street
Hull
East Yorkshire
HU8 8AE





REGISTERED NUMBER: 03433444 (England and Wales)





ACCOUNTANTS: Stephen R Allen & Co
Unit 11
Priory Tec Park
Saxon Way
Hessle
East Yorkshire
HU13 9PB

PEGASUS PROPERTIES (HULL) LIMITED (REGISTERED NUMBER: 03433444)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,530 141,525

CURRENT ASSETS
Cash at bank 1,876 1,812

CREDITORS
Amounts falling due within one year 5 50,389 38,434
NET CURRENT LIABILITIES (48,513 ) (36,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,017

104,903

CREDITORS
Amounts falling due after more than one year 6 (2,406 ) (3,818 )

PROVISIONS FOR LIABILITIES (3,640 ) (1,778 )
NET ASSETS 102,971 99,307

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 101,971 98,307
SHAREHOLDERS' FUNDS 102,971 99,307

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PEGASUS PROPERTIES (HULL) LIMITED (REGISTERED NUMBER: 03433444)

BALANCE SHEET - continued
31 July 2024


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 Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:





T I Lidgard - Director


PEGASUS PROPERTIES (HULL) LIMITED (REGISTERED NUMBER: 03433444)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Pegasus Properties (Hull) 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.
Land and buildings - not provided
Plant and machinery etc - 25% on cost and 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PEGASUS PROPERTIES (HULL) LIMITED (REGISTERED NUMBER: 03433444)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 132,167 121,625 253,792
Additions - 24,165 24,165
At 31 July 2024 132,167 145,790 277,957
DEPRECIATION
At 1 August 2023 - 112,267 112,267
Charge for year - 8,160 8,160
At 31 July 2024 - 120,427 120,427
NET BOOK VALUE
At 31 July 2024 132,167 25,363 157,530
At 31 July 2023 132,167 9,358 141,525

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,625 1,992
Trade creditors - 2
Taxation and social security 2,910 7,466
Other creditors 44,854 28,974
50,389 38,434

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,406 3,818

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 5,031 5,810

The bank loan and overdraft are secured on Units 4,5 and 7 Chapman Street Industrial Estate, Hull and on the other assets held by the company.The hire purchase loans are secured on the assets bought.

PEGASUS PROPERTIES (HULL) LIMITED (REGISTERED NUMBER: 03433444)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,200 (2023 - £700) were paid to the directors .