Company registration number: 11276768
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Pegasus Developments (Glamorgan) Limited
Pages for filing with the Registrar
Company registration number: 11276768
Pegasus Developments (Glamorgan) Limited
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Investments 4 - 477,514
- 477,514
Current assets
Stocks 87,017 -
Debtors 369,187 -
Cash at bank and in hand 198 667
456,402 667
Creditors: amounts falling due within one year
(405,241) (213,512)
Net current assets/(liabilities) 51,161 (212,845)
Total assets less current liabilities 51,161 264,669
Creditors: Amounts falling due after more than one year
- (212,937)
NET ASSETS 51,161 51,732
Capital and reserves
Called up share capital 1 1
Profit and loss account 51,160 51,731
TOTAL EQUITY 51,161 51,732
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11276768
Pegasus Developments (Glamorgan) Limited
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 21 April 2026 and signed on its behalf by:
Mr A Hancock, Director
21 April 2026
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Pegasus Developments (Glamorgan) Limited
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Pegasus Developments (Glamorgan) Limited is a private company registered in England and Wales. Its registered number is 11276768. The company is limited by shares. Its registered office is 8 Mountjoy Place, Penarth, CF64 2TB. Its principal place of business is Ocean Buildings, Bute Crescent, Cardiff, CF10 5AY.
2 Accounting policies
Basis of preparing the financial statements
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. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3 Average number of employees
During the year the average number of employees was 2 (2025 - 2).
4 Fixed asset investments
Loans
Loans to group undertakings and participating interests




£
At 1 April 2025 477,514
Other movement (477,514)
At 31 March 2026 -
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Pegasus Developments (Glamorgan) Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025.
2026 2025
£ £
Colin Robinson
Balance outstanding at start of year 212,937 212,937
Amounts repaid (212,911) -
Balance outstanding at end of year 26 212,937
2026 2025
£ £
Adrian Hancock
Amounts advanced 7,500 -
Balance outstanding at end of year 7,500 -
6 Related party transactions
At 31 March 2026, the company was owed £369,187 from its related companies and owed £397,115 to related companies.
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