ACCOUNTS - Final Accounts

Registered number: 08630972

PIGEON (BURLINGHAM MILL) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

PIGEON (BURLINGHAM MILL) LIMITED

REGISTERED NUMBER: 08630972

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


CURRENT ASSETS
Stocks	4	718,626		718,626
Debtors: amounts falling due within one year	5	175,749		200,072
Cash at bank and in hand		642		12,322
		895,017		931,020
Creditors: amounts falling due within one year	6	(767,815)		(753,330)
NET CURRENT ASSETS			127,202		177,690
TOTAL ASSETS LESS CURRENT LIABILITIES			127,202		177,690

NET ASSETS			127,202		177,690

CAPITAL AND RESERVES
Called up share capital	7	100	100
Share premium account		282,900	282,900
Capital redemption reserve		100	100
Profit and Loss account		(155,898)	(105,410)
		127,202	177,690

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 R Stanton

Director

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PIGEON (BURLINGHAM MILL) LIMITED

REGISTERED NUMBER: 08630972

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Date: 19 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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PIGEON (BURLINGHAM MILL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Pigeon (Burlingham Mill) 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 address 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

TURNOVER

Turnover comprises licence fee income and other abortive sale income recognised by the Company during the year, exclusive of Value Added Tax.

2.3

STOCKS

Stocks are valued at the lower of the cost and net realisable value and comprise development property held for resale.

Capitalised development costs are written off to the profit and loss account in the period in which losses are first foreseen.

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 (BURLINGHAM MILL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.7

INTEREST INCOME

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

2.8

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 (2024 - £NIL).

4.	STOCKS
		2025	2024
		£	£

	Development property held for resale	718,626	718,626

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PIGEON (BURLINGHAM MILL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					2025	2024
					£	£


Other debtors	166,670	199,770
Prepayments and accrued income	9,079	302
	175,749	200,072

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

Bank loans	750,000	750,000
Trade creditors	14,400	-
Other creditors	1,200	1,200
Accruals and deferred income	2,215	2,130
	767,815	753,330

Bank loans comprise:

A loan of £120,000 (2024 - £120,000) which is interest only and charged at 2.5% above C. Hoare & Co base rate, subject to a minimum of 6%. The loan is secured on the Company's development property and is repayable on demand.

A loan of £630,000 (2024 - £630,000) which is interest only and charged at 2.5% above C. Hoare & Co base rate, subject to a minimum of 6%. The directors of the Company have provided personal guarantees for £750,000 plus interest and costs.

The loans are repayable on demand.

7.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100 Ordinary A shares of £1 each	100	100

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