PIPELINE ASSURE LIMITED


Directors	David Colin Bacon
	Tracey Jane Bacon


Registered Address	York House Thornfield Business Park
	Standard Way Business Park
	Northallerton
	DL6 2XQ


Registered Number	07764170 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		115,135		157
Investment property	4		238,294		272,000
			353,429		272,157
Current assets
Debtors	5	57,838		44,038
Cash at bank and on hand		158		300
		57,996		44,338
Creditors amounts falling due within one year	6	(65,048)		(36,522)
Net current assets (liabilities)			(7,052)		7,816
Total assets less current liabilities			346,377		279,973
Creditors amounts falling due after one year	7		(99,986)		(15,000)
Provisions for liabilities	8		(47,300)		-
Net assets			199,091		264,973
Capital and reserves
Called up share capital			100		100
Revaluation reserve			132,465		180,171
Profit and loss account			66,526		84,702
Shareholders' funds			199,091		264,973

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 6 August 2026, and are signed on its behalf by:

David Colin Bacon
Director
Registered Company No. 07764170

PIPELINE ASSURE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

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.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	33
	Vehicles	20
	Office Equipment	15

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are 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 the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		3

3.	Tangible fixed assets

	Land & buildings	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 25	-	-	200	1,244	1,444
Additions	104,661	12,954	-	-	117,615
At 31 March 26	104,661	12,954	200	1,244	119,059
Depreciation and impairment
At 01 April 25	-	-	172	1,115	1,287
Charge for year	-	2,591	3	43	2,637
At 31 March 26	-	2,591	175	1,158	3,924
Net book value
At 31 March 26	104,661	10,363	25	86	115,135
At 31 March 25	-	-	28	129	157

4.	Investment property
	Investment property is held at market value as valued by the directors.


		£
	Fair value at 01 April 25	272,000
	Disposals	(10,000)
	Fair value adjustments	(23,706)
	At 31 March 26	238,294

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	18,213	6,238
Other debtors	39,625	37,550
Prepayments and accrued income	-	250
Total	57,838	44,038

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	31	-
Bank borrowings and overdrafts	5,007	5,000
Taxation and social security	7,743	8,422
Other creditors	49,529	20,380
Accrued liabilities and deferred income	2,738	2,720
Total	65,048	36,522

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	99,986	15,000
Total	99,986	15,000

8.	Provisions for liabilities
	The provision for deferred tax is made up of £3,300 in respect of accelerated capital allowances, £44,000 in respect of fair value on investment property.

	2026	2025
	£	£
Net deferred tax liability (asset)	47,300	-
Total	47,300	-

9.	Related party transactions
	During the year the directors had a loan account with the company. At the balance sheet date, the company owed the directors £49,529 (2025 - £20,380), This loan is unsecured, interest free and repayable upon demand. During the year the company entered into transactions with Gold Hill Drinks Company Limited in which a director of this company has a beneficial interest. That entity is also owned jointly with a close family member. At the balance sheet date, amounts due from this related party totalled £39,625 (2025: £37,550). The balance arises from a nature of transactions including loan advances. The outstanding balance is unsecured, interest free, and repayable on demand. No guarantees have been given or received in respect of this balance.

Related party transactions

During the year the directors had a loan account with the company. At the balance sheet date, the company owed the directors £49,529 (2025 - £20,380), This loan is unsecured, interest free and repayable upon demand.

During the year the company entered into transactions with Gold Hill Drinks Company Limited in which a director of this company has a beneficial interest. That entity is also owned jointly with a close family member.

At the balance sheet date, amounts due from this related party totalled £39,625 (2025: £37,550). The balance arises from a nature of transactions including loan advances.

The outstanding balance is unsecured, interest free, and repayable on demand. No guarantees have been given or received in respect of this balance.