Company registration number: 08851857
Unaudited financial statements
for the year ended 31 October 2024
for
PINET R & D LIMITED
Pages for filing with the Registrar
Company registration number: 08851857
PINET R & D LIMITED
Balance sheet
as at 31 October 2024
31 Oct 24 31 Oct 23
Note £ £ £ £
Fixed assets
Tangible assets 4 - -
Investments 5 1 1
1 1
Total assets less current liabilities 1 1
NET ASSETS 1 1
Capital and reserves
Called up share capital 2,271,971 2,271,971
Profit and loss account (2,271,970) (2,271,970)
TOTAL EQUITY 1 1
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
J GOLDING, Director
21 July 2025
1
PINET R & D LIMITED
Notes to the financial statements
for the year ended 31 October 2024
1 Company information
PINET R & D LIMITED is a private company registered in England and Wales. Its registered number is 08851857. The company is limited by shares. Its registered office is HIGHWOOD, NEWBIGGEN STREET, THAXTED, ESSEX, CM6 2QT.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
fixed asset investment:
computing equipment - 15% reducing balance
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Tangible fixed assets
fixed asset
investment
£
Cost
At 1 November 2023 4,285
At 31 October 2024 4,285
2
PINET R & D LIMITED
Notes to the financial statements - continued
for the year ended 31 October 2024
4 Tangible fixed assets - continued
Depreciation
At 1 November 2023 4,285
At 31 October 2024 4,285
Net book value
At 31 October 2024 -
At 31 October 2023 -
5 Fixed asset investments
Investments other than loans
Other
investments
other than
loans
£
Cost
At 1 November 2023 1
At 31 October 2024 1
Net book value
At 31 October 2024 1
At 31 October 2023 1
3