Company Registration No. 10168068 (England and Wales)
Pembroke Gold Estates Limited
Unaudited accounts
for the year ended 30 April 2020
Pembroke Gold Estates Limited
Unaudited accounts
Contents
Pembroke Gold Estates Limited
Company Information
for the year ended 30 April 2020
Directors
Meir Goldberg
Pinchas Goldstein
Company Number
10168068 (England and Wales)
Registered Office
69 Ferndale Road
London
N15 6UG
England
Pembroke Gold Estates Limited
Statement of financial position
as at 30 April 2020
Investment property
390,000
390,000
Cash at bank and in hand
38,722
48,899
Creditors: amounts falling due within one year
(178,167)
(140,365)
Net current liabilities
(139,445)
(88,430)
Total assets less current liabilities
251,220
302,457
Creditors: amounts falling due after more than one year
(229,963)
(230,032)
Called up share capital
1
1
Profit and loss account
21,256
72,424
Shareholders' funds
21,257
72,425
For the year ending 30 April 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 28 April 2021 and were signed on its behalf by
Pinchas Goldstein
Director
Company Registration No. 10168068
Pembroke Gold Estates Limited
Notes to the Accounts
for the year ended 30 April 2020
Pembroke Gold Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 10168068. The registered office is 69 Ferndale Road, London, N15 6UG, England.
2
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 year, 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:
Fixtures & fittings
25% reducing balance basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pembroke Gold Estates Limited
Notes to the Accounts
for the year ended 30 April 2020
4
Tangible fixed assets
Total
5
Transactions with related parties
Included within other creditors is a loan amounting to £31,097 (2019:£7,345) due to a company with a director in common with this company.
6
Average number of employees
During the year the average number of employees was 0 (2019: 0).
