REGISTERED NUMBER: 04022242 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

PINEGOLD PROPERTY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

E Langberg

SECRETARY:

H Langberg

REGISTERED OFFICE:

88 Osbaldeston Road

London

N16 6NL

REGISTERED NUMBER:

04022242 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

973

1,145

Investment property

6

1,042,917

1,042,917

1,043,890

1,044,062

CURRENT ASSETS

Debtors

7

207,337

209,988

Cash at bank

13,782

2,448

221,119

212,436

CREDITORS

Amounts falling due within one year

8

(36,141

)

(30,445

)

NET CURRENT ASSETS

184,978

181,991

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,868

1,226,053

CREDITORS

Amounts falling due after more than one year

9

(652,631

)

(656,372

)

NET ASSETS

576,237

569,681

CAPITAL AND RESERVES

Called up share capital

11

1

1

Fair value reserve

12

487,157

487,157

Retained earnings

12

89,079

82,523

SHAREHOLDERS' FUNDS

576,237

569,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 11 June 2026 and were signed by:

E Langberg - Director

1.	STATUTORY INFORMATION

Pinegold Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2024

and 30 June 2025

13,326

DEPRECIATION

At 1 July 2024

12,181

Charge for year

172

At 30 June 2025

12,353

NET BOOK VALUE

At 30 June 2025

973

At 30 June 2024

1,145

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

1,042,917

NET BOOK VALUE

At 30 June 2025

1,042,917

At 30 June 2024

1,042,917

Fair value at 30 June 2025 is represented by:

£

Valuation in 2015

487,157

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

1,042,917

1,042,917

CLIENT SCREEN TOTAL

=

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

7,337

9,988

Other debtors

200,000

200,000

207,337

209,988

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other creditors

36,141

30,445

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

649,246

649,286

Other creditors

3,385

7,086

652,631

656,372

30.6.25

30.6.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

649,246

649,286

Repayable by instalments

Other loans more 5yrs instal

3,385

7,086

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Bank loans

649,246

649,286

1. The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

2. Under the bank loan, £7,086 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

1

Ordinary

£1

1

1

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 July 2024

82,523

487,157

569,680

Profit for the year

6,556

6,556

At 30 June 2025

89,079

487,157

576,236

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E Langberg.