ACCOUNTS - Final Accounts

Registered number: 15230817

PIGEON (HOLLAND ON SEA) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

PIGEON (HOLLAND ON SEA) LIMITED

REGISTERED NUMBER: 15230817

BALANCE SHEET

AS AT 31 MARCH 2025

		2025
Note		£


CURRENT ASSETS
Stocks	4	1,675,894
Debtors: amounts falling due within one year	5	2,237
Cash at bank and in hand		115,498
		1,793,629
Creditors: amounts falling due within one year	6	(1,827,224)
NET CURRENT LIABILITIES			(33,595)
TOTAL ASSETS LESS CURRENT LIABILITIES			(33,595)

NET LIABILITIES			(33,595)

CAPITAL AND RESERVES
Called up share capital	7	183
Profit and loss account		(33,778)
		(33,595)

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PIGEON (HOLLAND ON SEA) LIMITED

REGISTERED NUMBER: 15230817

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 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:

A J F Buxton

Director

Date: 15 October 2025

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

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PIGEON (HOLLAND ON SEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Pigeon (Holland on Sea) Limited is a private company limited by shares and incorporated in England and Wales on 24 October 2023. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The principal trading address is Linden Square, 146 Kings Road, Bury St Edmunds, IP33 3DJ.
The Company's functional and presentation 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The Company had net liabilities of £33,595 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

TURNOVER

Turnover comprises land promotion fees and reimbursed expenses recognised during the period, exclusive of Value Added Tax.

2.4

INTEREST INCOME

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

2.5

BORROWING COSTS

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

2.6

STOCKS

Stocks and works in progress are valued at the lower of cost and net realisable value and comprise
development costs capitalised and carried forward under ongoing projects.
Capitalised development costs are written off to the profit and loss account in the period in which
losses are first foreseen.

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PIGEON (HOLLAND ON SEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

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.

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 (HOLLAND ON SEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	STOCKS
		2025
		£

	Development property	1,675,894
		1,675,894

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					2025
					£


	Other debtors	600
	Prepayments and accrued income	1,637
		2,237

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

	Other loans	1,824,818
	Trade creditors	681
	Accruals and deferred income	1,725
		1,827,224

Other loans comprise unsecured shareholder loans, which are repayable on demand. Interest is at the discretion of the Board based on the performance of the Company.

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PIGEON (HOLLAND ON SEA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

7.	SHARE CAPITAL
		2025
		£

		ALLOTTED, CALLED UP AND FULLY PAID

		230 Ordinary A shares of £0.10 each	23
		1,600 Ordinary B shares of £0.10 each	160

			183

On incorporation, the Company issued 1 Ordinary share of £1 at par value.
On 19 March 2024, this share was subdivided and redesignated into 10 Ordinary B shares of £0.10 each.
Immediately thereafter, on 19 March 2024, the Company allotted 230 Ordinary A shares of £0.10 each and 1,595 Ordinary B shares of £0.10 each were issued at par value.

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