Pelham Securities Limited Company accounts

Pelham Securities Limited Company accounts

PELHAM SECURITIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08357007
Pelham Securities Limited
Unaudited Financial Statements
31 January 2019
Pelham Securities Limited
Financial Statements
Year ended 31 January 2019
Contents
Page
Director's report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
Pelham Securities Limited
Director's Report
Year ended 31 January 2019
The director presents his report and the unaudited financial statements of the company for the year ended 31 January 2019 .
Director
The director who served the company during the year was as follows:
Mr P J R Baker
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 4 December 2020 and signed on behalf of the board by:
Mr P J R Baker
Director
Registered office:
2 Castle Rising
Lombard Street
Newark
Nottinghamshire
NG24 1XW
Pelham Securities Limited
Statement of Income and Retained Earnings
Year ended 31 January 2019
2019
2018
Note
£
£
Administrative expenses
2,138
–
-------
----
Operating loss
( 2,138)
–
Income from shares in group undertakings
282,200
–
---------
----
Profit before taxation
280,062
–
Tax on profit
–
–
---------
----
Profit for the financial year and total comprehensive income
280,062
–
---------
----
Dividends paid and payable
( 280,000)
–
Retained earnings at the start of the year
–
–
---------
----
Retained earnings at the end of the year
62
–
---------
----
All the activities of the company are from continuing operations.
Pelham Securities Limited
Statement of Financial Position
31 January 2019
2019
2018
Note
£
£
Fixed assets
Investments
4
1,202
–
Current assets
Debtors
5
61,512
1
Cash at bank and in hand
1,094
–
--------
----
62,606
1
Creditors: amounts falling due within one year
6
63,745
–
--------
----
Net current (liabilities)/assets
( 1,139)
1
-------
----
Total assets less current liabilities
63
1
----
----
Net assets
63
1
----
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
62
–
----
----
Shareholders funds
63
1
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 December 2020 , and are signed on behalf of the board by:
Mr P J R Baker
Director
Company registration number: 08357007
Pelham Securities Limited
Notes to the Financial Statements
Year ended 31 January 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Castle Rising, Lombard Street, Newark, Nottinghamshire, NG24 1XW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Shares in group undertakings
£
Cost
At 1 February 2018
–
Additions
1,202
-------
At 31 January 2019
1,202
-------
Impairment
At 1 February 2018 and 31 January 2019
–
-------
Carrying amount
At 31 January 2019
1,202
-------
At 31 January 2018
–
-------
5. Debtors
2019
2018
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
55,812
–
Other debtors
5,700
1
--------
----
61,512
1
--------
----
6. Creditors: amounts falling due within one year
2019
2018
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
61,421
–
Other creditors
2,324
–
--------
----
63,745
–
--------
----
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr P J R Baker
1
280,176
( 281,000)
( 823)
----
---------
---------
----
2018
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr P J R Baker
–
1
–
1
----
----
----
----