REGISTERED NUMBER: 07444964 (England and Wales)

PINOPOLIS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D J Edwards

REGISTERED OFFICE:

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

REGISTERED NUMBER:

07444964 (England and Wales)

ACCOUNTANTS:

Bevan Buckland LLP

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Tangible assets

4

1,204,017

1,245,151

CURRENT ASSETS

Debtors

5

21,514

21,189

CREDITORS

Amounts falling due within one year

6

560,629

538,361

NET CURRENT LIABILITIES

(539,115

)

(517,172

)

TOTAL ASSETS LESS CURRENT LIABILITIES

664,902

727,979

CREDITORS

Amounts falling due after more than one year

7

(453,331

)

(419,622

)

PROVISIONS FOR LIABILITIES

(38,580

)

(38,580

)

NET ASSETS

172,991

269,777

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

500,000

500,000

Retained earnings

(327,109

)

(230,323

)

172,991

269,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

D J Edwards - Director

1.	STATUTORY INFORMATION

Pinopolis Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property Improvement

-

2% on cost

Equipment

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Long

Property

leasehold

Improvement

Equipment

£

£

£

COST

At 1 January 2024

500,000

611,656

245,398

Disposals

-

(2,658

)

-

At 31 December 2024

500,000

608,998

245,398

DEPRECIATION

At 1 January 2024

-

39,091

207,964

Charge for year

-

12,180

5,615

At 31 December 2024

-

51,271

213,579

NET BOOK VALUE

At 31 December 2024

500,000

557,727

31,819

At 31 December 2023

500,000

572,565

37,434

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

228,942

4,058

9,888

1,599,942

Disposals

-

-

-

(2,658

)

At 31 December 2024

228,942

4,058

9,888

1,597,284

DEPRECIATION

At 1 January 2024

95,868

2,231

9,637

354,791

Charge for year

20,099

457

125

38,476

At 31 December 2024

115,967

2,688

9,762

393,267

NET BOOK VALUE

At 31 December 2024

112,975

1,370

126

1,204,017

At 31 December 2023

133,074

1,827

251

1,245,151

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by associates

21,514

21,189

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,601

10,549

Hire purchase contracts

1,363

1,571

Trade creditors

104,580

93,719

Amounts owed to associates

3,958

5,460

Taxation and social security

62,418

58,259

Other creditors

380,709

368,803

560,629

538,361

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

453,331

419,622

There is a charge held for DBW Investments Ltd dated 27 July 2022 and for Peter Charles Reynolds dated 27 May 2011.

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

500,000

9.	RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital. The loan was interest free, insecure and repayable on demand. The amount outstanding at the balance sheet was £101,693 (2023 £98,586).

.