Pearglen Limited - Accounts to registrar (filleted) - small 18.2
Pearglen Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the period |
| 1 February 2018 to 31 March 2019 |
| for |
| PEARGLEN LIMITED |
| PEARGLEN LIMITED (REGISTERED NUMBER: 04095132) |
| Contents of the Financial Statements |
| for the period 1 February 2018 to 31 March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| PEARGLEN LIMITED |
| Company Information |
| for the period 1 February 2018 to 31 March 2019 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Aissela |
| 46 High Street |
| Esher |
| Surrey |
| KT10 9QY |
| PEARGLEN LIMITED (REGISTERED NUMBER: 04095132) |
| Balance Sheet |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Investments | 3 |
| Investment property | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities | 8 |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Fair value reserve | 10 |
| Retained earnings |
| Shareholders' funds |
| 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. |
| PEARGLEN LIMITED (REGISTERED NUMBER: 04095132) |
| Balance Sheet - continued |
| 31 March 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| PEARGLEN LIMITED (REGISTERED NUMBER: 04095132) |
| Notes to the Financial Statements |
| for the period 1 February 2018 to 31 March 2019 |
| 1. | Statutory information |
| Pearglen Limited is a |
| 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. | Accounting policies |
| Basis of preparing the financial statements |
| Key source of estimation, uncertainty and judgement |
| The preparation of financial statements in conformity with generally accepted accounting practice requires management to |
| make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of |
| contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the |
| reporting period. |
| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by |
| management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, |
| there remains a risk that the policy does not match the useful life of the assets. |
| There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by |
| management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there |
| remains a risk that the provisions do not match the actual tax liability when asset is disposed of. |
| Tangible fixed assets |
| 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. |
| Stocks |
| Stock of property is held at purchase price less any diminution in value. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| PEARGLEN LIMITED (REGISTERED NUMBER: 04095132) |
| Notes to the Financial Statements - continued |
| for the period 1 February 2018 to 31 March 2019 |
| 3. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| At 1 February 2018 |
| Disposals | ( |
) |
| At 31 March 2019 |
| Provisions |
| At 1 February 2018 |
| and 31 March 2019 | 10,199 |
| Net book value |
| At 31 March 2019 |
| At 31 January 2018 |
| 4. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 February 2018 |
| Disposals | ( |
) |
| At 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| At 31 January 2018 |
| 5. | Debtors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| 7. | Secured debts |
| The property held in stock is subject of a fixed and floating charge in respect of a secured debt in relation to the |
| company's parent entity. |
| PEARGLEN LIMITED (REGISTERED NUMBER: 04095132) |
| Notes to the Financial Statements - continued |
| for the period 1 February 2018 to 31 March 2019 |
| 8. | Provisions for liabilities |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | - | 15,630 |
| Deferred tax |
| £ |
| Balance at 1 February 2018 |
| Credit to Income Statement during period | ( |
) |
| Balance at 31 March 2019 |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | 1 | 200 | 200 |
| 10. | Reserves |
| Fair value |
| reserve |
| £ |
| At 1 February 2018 |
| Transfer from fair value | (82,086 | ) |
| At 31 March 2019 |
| 11. | Related party disclosures |
| At the period end date the company owed £1,109,688 to its parent company. The loan is interest free and repayable on |
| demand. |
| 12. | Ultimate controlling party |
| The company's ultimate parent company is Consero Holdings Limited, a company incorporated in the UK. Their registered |
| office is Aissela, 46 High Street, Esher, Surrey, KT10 9QY. Copies of the accounts for the company can be found at |
| Companies House, Cardiff. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Pearglen Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
| Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors |
| are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Pearglen Limited for the period ended 31 March 2019 which comprise the Profit and Loss Account, Balance Sheet, |
| Statement of Changes in Equity and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Pearglen Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pearglen Limited and state those matters that we have agreed to state to the Board of Directors of Pearglen Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pearglen Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Pearglen Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pearglen Limited. You consider that Pearglen Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Pearglen Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Aissela |
| 46 High Street |
| Esher |
| Surrey |
| KT10 9QY |