Pinetum Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10622985 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2018 to 31 March 2019

for

Pinetum Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N B Woods

Mrs D S Woods

REGISTERED OFFICE:

Larkshill

Lewes Road

Uckfield

East Sussex

TN22 5SJ

REGISTERED NUMBER:

10622985 (England and Wales)

ACCOUNTANTS:

MVL Business Services

A trading name of Xynamo 5 Limited

72a High Street

Battle

East Sussex

TN33 0AG

FIXED ASSETS

Tangible assets

4

159,875

159,875

Investments

5

1

1

159,876

159,876

CURRENT ASSETS

Debtors

6

192,922

127

Cash at bank

48,213

31,711

241,135

31,838

CREDITORS

Amounts falling due within one year

7

189,855

168,600

NET CURRENT ASSETS/(LIABILITIES)

51,280

(136,762

)

TOTAL ASSETS LESS CURRENT LIABILITIES

211,156

23,114

CAPITAL AND RESERVES

Called up share capital

102

102

Share premium

1,998

1,998

Retained earnings

209,056

21,014

211,156

23,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 13 December 2019 and were signed on its behalf by:

N B Woods - Director

1.	STATUTORY INFORMATION

Pinetum Estates Limited 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.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and

other sales taxes.

Tangible fixed assets

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

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates

to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the

balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are

recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by

the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 March 2018

and 31 March 2019

159,875

NET BOOK VALUE

At 31 March 2019

159,875

At 28 February 2018

159,875

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 March 2018

and 31 March 2019

1

NET BOOK VALUE

At 31 March 2019

1

At 28 February 2018

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

28.2.18

£

£

Amounts owed by group undertakings

187,573

-

Other debtors

5,349

127

192,922

127

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

28.2.18

£

£

Trade creditors

8,409

-

Amounts owed to group undertakings

130,900

51,101

Taxation and social security

36,669

7,315

Other creditors

13,877

110,184

189,855

168,600

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31 March 2019 and 28 February 2018:

31.3.19

28.2.18

£

£

N B Woods and Mrs D S Woods

Balance outstanding at start of period

(100,000

)

-

Amounts advanced

84,553

(100,000

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(15,447

)

(100,000

)

9.	RELATED PARTY DISCLOSURES

During the period the company received loans from its parent company, Arboretum Holdings Limited, loans totalling £11,000 (2018 -

£4,000). As at the balance sheet date £14,900 remained outstanding.

During the period the company has received loans totalling £47,000 (2018 - £60,000) from its fellow subsidiary Woods Properties Ltd.

As at the balance sheet date £107,000 remained outstanding.

During the period the company has made loans amounting to £176,673 to Talisman Estates Ltd, a company in which a shares are held.

As at the balance sheet date £187,573 (2018 - £8,900) remained outstanding.