Company Registration No. 09575000 (England and Wales)
NEW PINEAPPLE LIMITED
Unaudited accounts
for the year ended 31 May 2025
NEW PINEAPPLE LIMITED
Unaudited accounts
Contents
NEW PINEAPPLE LIMITED
Company Information
for the year ended 31 May 2025
Directors
YAN KIT CHONG
HEATHER CHONG
Company Number
09575000 (England and Wales)
Registered Office
10 Fairfield Terrace
Gateshead
Tyne and Wear
NE10 0QR
England
Accountants
Gina Caceres-Jimenez
LONSDALE FINANCIAL LTD
FIRST FLOOR, 10 FAIRFIELD TERRACE
PELAW
GATESHEAD
Tyne and Wear
NE10 0QR
NEW PINEAPPLE LIMITED
Accountants' report
Accountants' report to the board of directors of NEW PINEAPPLE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
NEW PINEAPPLE LIMITED for the year ended
31 May 2025 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of NEW PINEAPPLE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of NEW PINEAPPLE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEW PINEAPPLE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NEW PINEAPPLE 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 NEW PINEAPPLE LIMITED. You consider that NEW PINEAPPLE 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 NEW PINEAPPLE 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.
Gina Caceres-Jimenez
LONSDALE FINANCIAL LTD
FIRST FLOOR, 10 FAIRFIELD TERRACE
PELAW
GATESHEAD
Tyne and Wear
NE10 0QR
3 September 2025
NEW PINEAPPLE LIMITED
Statement of financial position
as at 31 May 2025
Tangible assets
8,408
8,689
Investment property
905,359
905,359
Cash at bank and in hand
32,418
7,471
Creditors: amounts falling due within one year
(122,067)
(99,524)
Net current liabilities
(83,598)
(91,552)
Total assets less current liabilities
830,169
822,496
Creditors: amounts falling due after more than one year
(10,241)
(31,786)
Net assets
819,928
790,710
Called up share capital
650,000
650,000
Profit and loss account
169,928
140,710
Shareholders' funds
819,928
790,710
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by
YAN KIT CHONG
Director
Company Registration No. 09575000
NEW PINEAPPLE LIMITED
Notes to the Accounts
for the year ended 31 May 2025
NEW PINEAPPLE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09575000. The registered office is 10 Fairfield Terrace, Gateshead, Tyne and Wear, NE10 0QR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives beginning in the first full year of ownership:
Plant & machinery
10 % straight line depreciation
Fixtures & fittings
10% straight line depreciation
Computer equipment
20% straight line depreciation basis
Turnover is measured at the fair value of the consideration of rent received or receivable, excluding value added tax and other sales taxes. Turnover represents rental income receivable on investment properties.
NEW PINEAPPLE LIMITED
Notes to the Accounts
for the year ended 31 May 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
£7,600 was received via a government grant which was used to purchase a ventilation system entered into fixtures and fittings on the balance sheet. The deferred income has began to be deposited in accordance with the depreciation value against the profit and loss beginning in the first full year of ownership.
The asset depreciated at 10% in 2024 and as such the deferred income reduced to £6840 in the term.
The asset depreciated at 10% in 2025 and as such the deferred income reduced to £6080 in the term.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
1,544
7,245
274
9,063
Additions
233
805
499
1,537
At 31 May 2025
1,777
8,050
773
10,600
At 1 June 2024
154
-
220
374
Charge for the year
154
805
54
1,013
Surplus on revaluation
-
805
-
805
At 31 May 2025
308
1,610
274
2,192
At 31 May 2025
1,469
6,440
499
8,408
At 31 May 2024
1,390
7,245
54
8,689
Fair value at 1 June 2024
905,359
Amounts falling due within one year
Accrued income and prepayments
72
64
NEW PINEAPPLE LIMITED
Notes to the Accounts
for the year ended 31 May 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,644
-
Taxes and social security
7,009
5,271
Other creditors
18,192
18,222
Loans from directors
70,144
71,622
Interest free loan of £739 at the balance sheet date as detailed in related party transactions.
Rent Security Deposits of £18,192 as at the balance sheet date.
Directors loan, due on demand of £69,405 as at the balance sheet date.
Vat owed of £5,624 as at date of the balance sheet.
£9344 Deferred Income: rent paid relating to rental period in following year
£10,644 proportion of Business Interruption Loan due in term.
Remaining amounts made up of taxes and accruals.
8
Creditors: amounts falling due after more than one year
2025
2024
Deferred income
6,080
6,840
The Director has secured a Business Bounce Back Loan for the company as part of the Government support plan resulting from the Coronavirus pandemic. The initial loan was £50,000 and has reduced through repayment to £14,805 of which £4161 is expected to be payable after more than one year. Interest has been charged on this loan in the period of £551 up to the balance sheet date.
Deferred income from government grants is £6,080.
Allotted, called up and fully paid:
100 Ordinary shares of £6,500 each
650,000
650,000
10
Transactions with related parties
The Director has provided a loan to the company. The balance due to the Director at the date of the Balance Sheet was £71,622 (£78,844 2023). No interest has been charged on this loan.
The parents of the director and second shareholder have provided an interest free loan to the company. The balance outstanding at the beginning of the term was £739 at the date of the Balance Sheet remained unchanged and has been entered under Creditors: amounts falling due within 1 year. No formal terms for repayment of the loan have been set out and is considered payable immediately on demand. It is expected that demand for repayment of the loan in part will occur within one year of the balance sheet date.
Dividends of £1,000 were paid to each Shareholder during the year.
NEW PINEAPPLE LIMITED
Notes to the Accounts
for the year ended 31 May 2025
11
Average number of employees
During the year the average number of employees was 4 (2024: 2).