ACCOUNTS - Final Accounts

Registered number: 13482184

PIGEON (WEIRS DROVE) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

PIGEON (WEIRS DROVE) LIMITED

REGISTERED NUMBER: 13482184

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

FIXED ASSETS
Investment property	4		-		1,328,410
			-		1,328,410
CURRENT ASSETS
Stocks	5	100,000		-
Debtors: amounts falling due within one year	6	1,999		27,009
Cash at bank and in hand		47,339		84,199
		149,338		111,208
Creditors: amounts falling due within one year	7	(254,281)		(771,514)
NET CURRENT LIABILITIES			(104,943)		(660,306)
TOTAL ASSETS LESS CURRENT LIABILITIES			(104,943)		668,104
Creditors: amounts falling due after more than one year	8		-		(750,000)

NET LIABILITIES			(104,943)		(81,896)

CAPITAL AND RESERVES
Called up share capital	9	90	90
Profit and Loss account		(105,033)	(81,986)
		(104,943)	(81,896)

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PIGEON (WEIRS DROVE) LIMITED

REGISTERED NUMBER: 13482184

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:

R B Stanton

Director

Date: 22 December 2025

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

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PIGEON (WEIRS DROVE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Pigeon (Weirs Drove) 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 presentation 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 liabilites of £104,943 as at 31 March 2025 (2024 - £81,896). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

2.3

TURNOVER

Turnover comprises rental revenue recognised by the Company and sundry cost recharges during the period, exclusive of Value Added Tax.

2.4

INTEREST INCOME

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

2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors based on professional advice received and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

STOCKS

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

2.7

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.

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PIGEON (WEIRS DROVE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.8

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.

2.9

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.

2.10

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).

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PIGEON (WEIRS DROVE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	INVESTMENT PROPERTY

		Freehold investment property
		£

	At 1 April 2024	1,328,410
	Disposals	(1,182,285)
	Transfers between classes	(146,125)
	AT 31 MARCH 2025	-

5.	STOCKS
		2025	2024
		£	£

	Work in progress	100,000	-

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

					2025	2024
					£	£


Trade debtors	-	25,500
Other debtors	734	-
Prepayments and accrued income	1,265	1,509
	1,999	27,009

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PIGEON (WEIRS DROVE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

Other loans	249,909	749,910
Other taxation and social security	-	3,170
Other creditors	1,722	1,722
Accruals and deferred income	2,650	16,712
	254,281	771,514

Other loans comprise lending from shareholders. The loans bear interest at a rate of 6% per annum but adjusted at the discretion of the board, payable in arrears within two calendar months of the end of the financial year. The loans have no fixed repayment date. These will become repayable at a time so determined by the Board, subject always to being repaid in priority to the Company declaring any dividends.

8.	CREDITORS: AMOUNT FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

	Bank loans	-	750,000

Bank loans were transacted on an interest only basis, levied at a rate for 3.38% per annum over Managed Variable Rate for a period of two years from drawdown. The loan was repaid in October 2024.

9.	SHARE CAPITAL
		2025	2024
			£

ALLOTTED, CALLED UP AND FULLY PAID

90 Ordinary shares of £1 each	90	90

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