Company Registration No. 07570994 (England and Wales)
Pimco Project Partners Limited
Unaudited accounts
for the year ended 31 March 2025
Pimco Project Partners Limited
Unaudited accounts
Contents
Pimco Project Partners Limited
Company Information
for the year ended 31 March 2025
Director
Mr Tariqul Hashan
Company Number
07570994 (England and Wales)
Registered Office
41 Riverway
London
N13 5JY
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
Pimco Project Partners Limited
Statement of financial position
as at 31 March 2025
Tangible assets
10,309
11,910
Investment property
520,000
500,000
Cash at bank and in hand
3,901
59,922
Creditors: amounts falling due within one year
(46,888)
(44,597)
Net current assets
345,003
360,366
Total assets less current liabilities
875,312
872,276
Creditors: amounts falling due after more than one year
(75,631)
(94,534)
Provisions for liabilities
Deferred tax
(46,625)
(43,129)
Net assets
753,056
734,613
Called up share capital
20
20
Profit and loss account
753,036
734,593
Shareholders' funds
753,056
734,613
For the year ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 8 December 2025 and were signed on its behalf by
Mr Tariqul Hashan
Director
Company Registration No. 07570994
Pimco Project Partners Limited
Notes to the Accounts
for the year ended 31 March 2025
Pimco Project Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 07570994. The registered office is 41 Riverway, London, N13 5JY, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
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.
Retained earnings include non-distributable reserves of £244,088 in respect of unrealised property gains.
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.
Pimco Project Partners Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Total
Surplus on revaluation
(394)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
254,535
-
2,691
251,844
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed to the company from Mr Hashan was £251,844, a movement of £2,691 from the £254,535 owed to the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
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Average number of employees
During the year the average number of employees was 1 (2024: 1).