ACCOUNTS - Final Accounts

Registered number: 11795814

PIGEON (EW) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

PIGEON (EW) LIMITED

REGISTERED NUMBER: 11795814

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

FIXED ASSETS
Investments	4		1		1
			1		1
CURRENT ASSETS
Debtors: amounts falling due within one year	5	226,754		229,296
		226,754		229,296
Creditors: amounts falling due within one year	6	(19,090)		(19,357)
NET CURRENT ASSETS			207,664		209,939
Creditors: amounts falling due after more than one year	7		(240,000)		(240,000)

NET LIABILITIES			(32,335)		(30,060)

CAPITAL AND RESERVES
Called up share capital	8	168	168
Profit and loss account		(32,503)	(30,228)
		(32,335)	(30,060)

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PIGEON (EW) LIMITED

REGISTERED NUMBER: 11795814

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 year 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:

W H van Cutsem

Director

Date: 15 December 2025

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

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PIGEON (EW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Pigeon (EW) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.

The principal trading office 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 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 £32,335 as at 31 March 2025 (2024 - £30,060). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from connected entities to provide sufficient funds to enable it to meet its liabilities as they fall due.

2.3

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

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.

2.5

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.

2.6

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.

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PIGEON (EW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.7

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.

3.	EMPLOYEES
	The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	FIXED ASSET INVESTMENTS

		Unlisted investments
		£
	COST
	At 1 April 2024	1
	At 31 March 2025	1

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PIGEON (EW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					2025	2024
					£	£


Amounts owed by other participating interests	226,640	229,229
Other debtors	67	67
Prepayments and accrued income	47	-
	226,754	229,296

Amounts owed by other participating interests are repaid at a rate of 40% of available profits less any amount received by the holders of A Ordinary shares. These loans bear no interest and payments are due 30 business days from the end of the financial year.

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Other creditors	17,365	17,365
Accruals and deferred income	1,725	1,992
	19,090	19,357

7.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

	Other loans	240,000	240,000

Other loans comprise borrowings from shareholders. These loans are unsecured, interest free and repayable on 21 November 2027.

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PIGEON (EW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100,000 Ordinary shares of £0.001 each	100	100

ALLOTTED, CALLED UP AND UNPAID

67,449 Ordinary shares of £0.001 each	67	67
1,000 Z Shares shares of £0.001 each	1	1

	68	68

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