ACCOUNTS - Final Accounts preparation

C J PEMBERTON LIMITED - Company Information

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Registered number: 10068974

C J PEMBERTON LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

C J PEMBERTON LIMITED

REGISTERED NUMBER: 10068974

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2020

		2020		2019
Note		£		£

Fixed assets
Investments	4		258		258
			258		258
Current assets
Debtors: amounts falling due within one year	5	674,844		1,287,250
		674,844		1,287,250
Creditors: amounts falling due within one year	6	(656,060)		(1,290,627)
Net current assets/(liabilities)			18,784		(3,377)
Total assets less current liabilities			19,042		(3,119)

Net assets/(liabilities)			19,042		(3,119)

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		19,041	(3,120)
		19,042	(3,119)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

C J Pemberton

Director

Date: 23 December 2020

The notes on pages 2 to 4 form part of these financial statements.

Page 1

C J PEMBERTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

1.	General information

The principal activity of the company is that of a holdings company.
The company is a private company limited by shares and is incorporated in England and Wales.
The registered office address is Top Farm, Thorpe Tilney, Lincoln, LN4 3SL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention 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.

The following principal accounting policies have been applied:

2.2

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

2.3

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

C J PEMBERTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the period was 1 (2019 - 1).

4.	Fixed asset investments

		Investments in associates
		£
	Cost or valuation
	At 1 April 2019	258
	At 31 March 2020	258

Debtors

					2020	2019
					£	£


Amounts owed by joint ventures and associated undertakings	674,844	1,287,250
	674,844	1,287,250

Page 3

C J PEMBERTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Amounts owed to associates	162,500	162,500
Corporation tax	4,593	-
Other creditors	488,127	1,127,287
Accruals and deferred income	840	840
	656,060	1,290,627

7.	Share capital
		2020	2019
		£	£

Allotted, called up and fully paid

1 (2019 - 1) Ordinary share of £1.00	1	1

8.	Related party transactions
	The year end balances on the loans to associate companies were £674,844 (2019: £1,287,250) in other debtors and £162,500 (2019: £162,500) in other creditors. These balances are unsecured and are repayable on demand. Also included in other creditors is £488,127 (2019: £1,127,287) owed to a director. This loan is unsecured and is repayable on demand.

Page 4