ACCOUNTS - Final Accounts

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Registered number: 05097394

PIGEON DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

PIGEON DEVELOPMENTS LIMITED

REGISTERED NUMBER: 05097394

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

	30 September	31 March
	2024	2023
Note	£	£


CURRENT ASSETS
Debtors: amounts falling due within one year	4	-		3,948,197
Cash at bank and in hand		6,698		245
		6,698		3,948,442
Creditors: amounts falling due within one year	5	(6,698)		(1,889,291)
NET CURRENT ASSETS			-		2,059,151
TOTAL ASSETS LESS CURRENT LIABILITIES			-		2,059,151
Creditors: amounts falling due after more than one year	6		-		(22,500)

NET ASSETS			-		2,036,651

CAPITAL AND RESERVES
Called up share capital	7	238	238
Share premium account		1,189,881	1,189,881
Profit and loss account		(1,190,119)	846,532
		-	2,036,651

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PIGEON DEVELOPMENTS LIMITED

REGISTERED NUMBER: 05097394

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R B Stanton

Director

Date: 29 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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PIGEON DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.	GENERAL INFORMATION

Pigeon Developments Limited is a private limited company incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The principal trading address is Linden Square, 146 Kings Road, Bury St Edmunds, Suffolk, IP33 3DJ.
The Company's functional and presentational currency is GBP.
These financial statements cover the period from 1 April 2023 to 30 September 2024, by which point the Company had ceased all activity.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

TURNOVER

Turnover comprises development income recognised by the Company during the year in respect of services supplied, land sales and other sundry income, exclusive of Value Added Tax.

2.3

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

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PIGEON DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.7

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.8

TAXATION

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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

EMPLOYEES

	The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

4.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					30 September	31 March
					2024	2023
					£	£


Amounts owed by group undertakings	-	3,858,197
Other debtors	-	80,000
Prepayments and accrued income	-	10,000
	-	3,948,197

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PIGEON DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

Bank loans	-	10,000
Trade creditors	-	40,328
Amounts owed to group undertakings	6,698	-
Corporation tax	-	197,012
Other creditors	-	1,576,773
Accruals and deferred income	-	65,178
	6,698	1,889,291

	Bank loans	-	22,500

ALLOTTED, CALLED UP AND FULLY PAID

238 Ordinary shares of £1 each	238	238

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