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REGISTERED NUMBER: 02843440 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

PINCH-A-POUND (UK) LIMITED

PINCH-A-POUND (UK) LIMITED (Registered number: 02843440)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINCH-A-POUND (UK) LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Ms L Grover





SECRETARY:





REGISTERED OFFICE: 16 Penylan Road
Varteg
Pontypool
Wales
NP4 7SG





REGISTERED NUMBER: 02843440 (England and Wales)





ACCOUNTANTS: Kate Haynes Ltd
129 Woodlands Road
Little Bookham
Leatherhead
Surrey
KT23 4HN

PINCH-A-POUND (UK) LIMITED (Registered number: 02843440)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,060,001 1,060,001
Investments 5 1,472,842 1,312,547
2,532,843 2,372,548

CURRENT ASSETS
Debtors 6 466,173 346,577
Cash at bank 140,471 372,268
606,644 718,845
CREDITORS
Amounts falling due within one year 7 370,338 413,591
NET CURRENT ASSETS 236,306 305,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,769,149

2,677,802

PROVISIONS FOR LIABILITIES 45,456 45,456
NET ASSETS 2,723,693 2,632,346

CAPITAL AND RESERVES
Called up share capital 8 3,200 3,200
Share premium 9 99,400 99,400
Revaluation reserve 9 511,205 511,205
Retained earnings 9 2,109,888 2,018,541
SHAREHOLDERS' FUNDS 2,723,693 2,632,346

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

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

The director acknowledges her 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.

PINCH-A-POUND (UK) LIMITED (Registered number: 02843440)

Balance Sheet - continued
31 August 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 director and authorised for issue on 29 August 2025 and were signed by:





Ms L Grover - Director


PINCH-A-POUND (UK) LIMITED (Registered number: 02843440)

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

1. STATUTORY INFORMATION

PINCH-A-POUND (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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Investments in associates
Investments in associate undertakings are recognised at 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 4 (2023 - 4 ) .

PINCH-A-POUND (UK) LIMITED (Registered number: 02843440)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 1,060,000 13,237 1,073,237
DEPRECIATION
At 1 September 2023
and 31 August 2024 - 13,236 13,236
NET BOOK VALUE
At 31 August 2024 1,060,000 1 1,060,001
At 31 August 2023 1,060,000 1 1,060,001

5. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST
At 1 September 2023 98 1,312,449 1,312,547
Additions - 160,295 160,295
At 31 August 2024 98 1,472,744 1,472,842
NET BOOK VALUE
At 31 August 2024 98 1,472,744 1,472,842
At 31 August 2023 98 1,312,449 1,312,547

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,200 -
Due from group undertakings 464,762 346,577
Other debtors 211 -
466,173 346,577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 39,711 57,355
Social security and other taxes 860 -
Other creditors - 63,567
Mortgage 150,025 150,025
N Dunning Ex Director 114,143 114,143
Directors Loan - Lisa Grover 60,896 -
Accrued expenses 4,703 28,501
370,338 413,591

PINCH-A-POUND (UK) LIMITED (Registered number: 02843440)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
3,100 Ordinary 1 3,100 3,100
1,000 Preference 0.10 100 100
3,200 3,200

9. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 September 2023 2,018,541 99,400 511,205 2,629,146
Profit for the year 91,347 91,347
At 31 August 2024 2,109,888 99,400 511,205 2,720,493

10. RELATED PARTY DISCLOSURES

Included within Debtors is £464,762 a loan owed by P.A.P Properties limited of which in which Pinch-a-Pound (UK) Limited holds a 49% share.

Lisa Dunning is the person with significant control and sole director for both Pinch-A-Pound (UK) Limited and P.A.P Properties Ltd and also owns 9.4% of the share capital of Pinch-a-Pound (UK) Limited.

Among the creditors brought forward was a balance of £63,567 owed to Norbury Securities Limited, a company equally owned by Lisa Grover and Roger Dunning, who between them hold a 43.4% share in Pinch-a-Pound (UK) Limited. The company was dissolved on 29 October 2024 without requesting repayment of the loan; accordingly, the loan was written off to the profit and loss account for this year.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Ms L Grover.