Blue Pinnacle Ltd - Period Ending 2020-07-31

Blue Pinnacle Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 5

Blue Pinnacle Ltd

Company Information

Director

Mr S Singh

Registered office

The Prestige Group Head Office Roseville Court Blair Avenue Ingleby Barwick United Kingdom TS17 5BL

Bankers

Yorkshire Bank 94-96 Briggate Leeds LS1 6NP

Accountants

MHA Tait Walker Chartered Accountants 1 Massey Road Thornaby Stockton-on-Tees TS17 6DY

Blue Pinnacle Ltd

(Registration number: 11837834)
Statement of Financial Position as at 31 July 2020

	Note	2020 £
Fixed assets
Investments	4	548
Current assets
Cash at bank and in hand		47
Creditors: Amounts falling due within one year	5	(777)
Net current liabilities		(730)
Net liabilities		(182)
Capital and reserves
Called up share capital		29
Profit and loss account		(211)
Total equity		(182)

For the financial period ending 31 July 2020 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 period in question in accordance with section 476; and
•	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 have been prepared in accordance with the special provisions relating to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies' regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 17 February 2021
 

......................................... Mr S Singh Director

Blue Pinnacle Ltd

Notes to the Unaudited Financial Statements for the Period from 20 February 2019 to 31 July 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is The Prestige Group Head Office Roseville Court, Blair Avenue, Ingleby Barwick, United Kingdom, TS17 5BL.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

At the balance sheet date, the company reported an excess of liabilities over assets totalling £182. However, the shareholder has indicated his willingness to continue to finance any shortages in the company's day to day finances.

As coronavirus continues to impact the population, the director will adhere to government guidance and will regularly review the needs of all stakeholders.

Under the circumstances, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly he continues to adopt the going concern basis in preparing the annual report and accounts.

If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount and to provide further liabilities that may arise.

Blue Pinnacle Ltd

Notes to the Unaudited Financial Statements for the Period from 20 February 2019 to 31 July 2020 (continued)

2	Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4	Investments

	2020 £
Investments in associates	548

Associates	£
Cost
Additions	548
Provision
At 31 July 2020	-
Carrying amount
At 31 July 2020	548

Blue Pinnacle Ltd

Notes to the Unaudited Financial Statements for the Period from 20 February 2019 to 31 July 2020 (continued)

4	Investments (continued)

5

Creditors

Creditors: amounts falling due within one year

	2020 £
Due within one year
Other creditors	157
Directors loan accounts	620
	777