Company Registration No. 12205288 (England and Wales)
Pivotal Holdings Limited
Unaudited Financial Statements
for the period from 13 September 2019 to 30 September 2020
Pivotal Holdings Limited
Unaudited Financial Statements
Contents
Pivotal Holdings Limited
Company Information
for the period from 13 September 2019 to 30 September 2020
Directors
James Cuss
Joanna Mansbridge
Roman Starkov
Company Number
12205288 (England and Wales)
Registered Office
Brew Eagle House
163 City Road
London
EC1V 1NR
ENGLAND
Accountants
Finovium & Co
15 Gallery Court
Gunter Grove
London
SW10 0UJ
Pivotal Holdings Limited
Statement of financial position
as at 30 September 2020
Cash at bank and in hand
1,007
Creditors: amounts falling due within one year
(99,185)
Net current liabilities
(85,552)
Called up share capital
97
Profit and loss account
(164,799)
Shareholders' funds
(84,785)
For the period ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2021 and were signed on its behalf by
James Cuss
Director
Company Registration No. 12205288
Pivotal Holdings Limited
Notes to the Accounts
for the period from 13 September 2019 to 30 September 2020
Pivotal Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12205288. The registered office is Brew Eagle House, 163 City Road, London, EC1V 1NR, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4 years straight line
Investments in shares are included at fair value.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pivotal Holdings Limited
Notes to the Accounts
for the period from 13 September 2019 to 30 September 2020
4
Tangible fixed assets
Computer equipment
At 30 September 2020
1,041
6
Creditors: amounts falling due within one year
2020
Taxes and social security
316
Loans from directors
38,524
Allotted, called up and fully paid:
96,719 Ordinary shares of £0.001 each
96.71
Shares issued during the period:
96,719 Ordinary shares of £0.001 each
96.71
8
Average number of employees
During the period the average number of employees was 3.
