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Company Registration No. 15799951 (England and Wales)
PNTR Ltd Unaudited accounts for the period from 24 June 2024 to 28 February 2025
PNTR Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PNTR Ltd Company Information for the period from 24 June 2024 to 28 February 2025
Directors
Huw Llywelyn Thomas Rebecca Elizabeth Okell
Company Number
15799951 (England and Wales)
Registered Office
108 Netil House 1 Westgate Street London E8 3RL England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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PNTR Ltd Statement of financial position as at 28 February 2025
2025
Notes
£
Fixed assets
Investment property
4
1,395,061
Current assets
Debtors
5
2
Cash at bank and in hand
5,167
5,169
Creditors: amounts falling due within one year
6
(1,472,163)
Net current liabilities
(1,466,994)
Total assets less current liabilities
(71,933)
Creditors: amounts falling due after more than one year
7
(200)
Net liabilities
(72,133)
Capital and reserves
Called up share capital
8
2
Profit and loss account
(72,135)
Shareholders' funds
(72,133)
For the period ending 28 February 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 24 October 2025 and were signed on its behalf by
Rebecca Elizabeth Okell Director Company Registration No. 15799951
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PNTR Ltd Notes to the Accounts for the period from 24 June 2024 to 28 February 2025
1
Statutory information
PNTR Ltd is a private company, limited by shares, registered in England and Wales, registration number 15799951. The registered office is 108 Netil House 1 Westgate Street, London, E8 3RL, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis. The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future, and therefore have adopted the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefit will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from a contract to provide services is recognised over the life of the contract on a straight line basis from the contract start date, in the period in which the service is provided. Where payments are received from customers in advance of the services being provided, these payments are accounted for as deferred income and included within creditors.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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PNTR Ltd Notes to the Accounts for the period from 24 June 2024 to 28 February 2025
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Taxation
Income tax expense represents the sum of the tax payable and deferred tax. 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. The tax expense for the year comprises current. 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 reporting date in the countries where the company operates.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables 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.
Creditors
Short term trade 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.
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PNTR Ltd Notes to the Accounts for the period from 24 June 2024 to 28 February 2025
Reporting period
The Company has changed its financial year-end from 30 June 2025 to 28 February 2025 in order to align with the reporting dates of other companies within the group. As a result, the current reporting period represents eight months from 24 June 2024 to 28 February 2025.
4
Investment property
2025
£
Additions
1,395,061
At 28 February 2025
1,395,061
The Company purchased investment properties in August 2024. At initial recognition, the properties were recorded at cost, which includes purchase price and directly attributable transaction costs. As at the reporting date, there has been no material change in the market value of the properties, and therefore the carrying amount approximates to fair value. Accordingly, the properties are presented in the accounts at cost, which is considered to be equivalent to fair value at the year-end.
5
Debtors
2025
£
Amounts falling due after more than one year
Other debtors
2
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
2,602
Amounts owed to group undertakings and other participating interests
1,468,210
Loans from directors
1,351
1,472,163
7
Creditors: amounts falling due after more than one year
2025
£
Other creditors
200
8
Share capital
2025
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
Shares issued during the period:
2 Ordinary shares of £1 each
2
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PNTR Ltd Notes to the Accounts for the period from 24 June 2024 to 28 February 2025
9
Transactions with related parties
The company has taken advantage of an 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. At the reporting date, the company had the following outstanding balances due to other group related company's: HB Studio Ltd £1,467,835 Paynter Ltd £375 These amounts are disclosed in Amounts due to group undertakings.
10
Controlling party
The ultimate parent company was HB Studio Ltd, a company registered in the United Kingdom with the following registered office: 108 Netil House 1 Westgate Street London Greater London E8 3RL The ultimate controlling parties were Mr H Thomas and Mrs R Okell, by virtue of their 100% ownership of HB Studio Ltd.
11
Average number of employees
During the period the average number of employees was 2.
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