ACCOUNTS - Final Accounts

Registered number: 15219854

PIGEON (TW) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

PIGEON (TW) LIMITED

REGISTERED NUMBER: 15219854

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£

FIXED ASSETS
Investment in associate	4		1
			1
CURRENT ASSETS
Debtors: amounts falling due after more than one year	5	999,999
Debtors: amounts falling due within one year	5	161,550
Cash at bank and in hand		213,629
		1,375,178
Creditors: amounts falling due within one year	6	(163,470)
NET CURRENT ASSETS			1,211,708
TOTAL ASSETS LESS CURRENT LIABILITIES			1,211,709
Creditors: amounts falling due after more than one year	7		(1,249,875)

NET LIABILITIES			(38,166)

CAPITAL AND RESERVES
Called up share capital	8	125
Profit and loss account		(38,291)
		(38,166)

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PIGEON (TW) LIMITED

REGISTERED NUMBER: 15219854

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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:

W H van Cutsem

Director

Date: 15 October 2025

The notes on pages 3 to 6 form part of these financial statements.

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PIGEON (TW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Pigeon (TW) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address 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.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The Company had net liabilities of £38,166 as at 31 March 2025. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

2.3

INTEREST INCOME

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

2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.6

ASSOCIATES AND JOINT VENTURES

Associates and Joint Ventures are held at cost less impairment.

2.7

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.

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PIGEON (TW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.8

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.

2.9

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.

2.10

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.

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PIGEON (TW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	FIXED ASSET INVESTMENTS

		Investments in associates
		£
	COST OR VALUATION
	Additions	1
	At 31 March 2025	1

5.	DEBTORS
		2025
		£

	DUE AFTER MORE THAN ONE YEAR
	Due from participating interests	999,999
		999,999

Amounts due from participating interests comprise a loan to the associate, secured against the investment property of that company. The loan is repayable by 31 October 2031. Interest is charged at 12% per annum and is payable on an annual basis.

					2025
					£

	DUE WITHIN ONE YEAR
	Prepayments and accrued income	161,550
		161,550

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025
		£

	Accruals and deferred income	163,470
		163,470

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PIGEON (TW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

7.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025
		£

	Other loans	1,249,875
		1,249,875

Other loans comprise shareholder loan. Interest is charged at 12% per annum and is payable on an annual basis. The loan is repayable at a time determined by the Board, which is driven by the receipt of loans receivable from participating interests.

8.	SHARE CAPITAL
		2025
		£

		ALLOTTED, CALLED UP AND FULLY PAID

		125 Ordinary shares of £1 each	125

On incorporation, the Company issued 1 Ordinary share of £1 at par value.
On 13 November 2023, the Company allotted a further 124 Ordinary shares of £1 each at par value.

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