Pinnacle (UK) Limited,Ltd - AccountsLtd - Accounts

Pinnacle (UK) Limited,Ltd - AccountsLtd - Accounts

PINNACLE (UK) LIMITED - Company Information

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2021-07-01 04806005 2022-06-30 04806005 2021-07-01 2022-06-30 04806005 2021-06-30 04806005 2020-07-01 2021-06-30 04806005 uk-core:WithinOneYear 2021-06-30 04806005 uk-core:WithinOneYear 2022-06-30 04806005 uk-core:AfterOneYear 2021-06-30 04806005 uk-core:AfterOneYear 2022-06-30 04806005 uk-core:ShareCapital 2022-06-30 04806005 uk-core:ShareCapital 2021-06-30 04806005 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 04806005 uk-core:RetainedEarningsAccumulatedLosses 2021-06-30 04806005 uk-bus:Director1 2021-07-01 2022-06-30 04806005 uk-core:OfficeEquipment 2021-07-01 2022-06-30 04806005 uk-core:FurnitureFittings 2021-07-01 2022-06-30 04806005 uk-core:OfficeEquipment 2021-06-30 04806005 uk-core:FurnitureFittings 2021-06-30 04806005 uk-core:InvestmentPropertyIncludedWithinPPE 2021-06-30 04806005 uk-core:InvestmentPropertyIncludedWithinPPE 2021-07-01 2022-06-30 04806005 uk-core:InvestmentPropertyIncludedWithinPPE 2022-06-30 04806005 uk-core:FurnitureFittings 2022-06-30 04806005 uk-core:OfficeEquipment 2022-06-30 04806005 uk-core:AfterOneYear uk-core:Secured 2022-06-30 04806005 uk-core:AfterOneYear uk-core:Secured 2021-06-30 iso4217:GBP xbrli:pure 04806005 uk-bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 04806005 uk-bus:FRS102 2021-07-01 2022-06-30 04806005 uk-bus:FullAccounts 2021-07-01 2022-06-30 04806005 uk-bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30
Pinnacle (UK) Limited
Registered Number:04806005
For the year ended 30 June 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2022
Pinnacle (UK) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04806005
As at 30 June 2022
Pinnacle (UK) Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
1,901,490
1,380,015
2
1,901,490
1,380,015
Current assets
Trade and other receivables
759,311
1,115,372
3
98,434
Cash and cash equivalents
134,199
1,249,571
857,745
Trade and other payables: amounts falling due within one
year
(1,516,173)
(2,231,412)
4
(658,428)
(981,841)
Net current liabilities
Total assets less current liabilities
919,649
721,587
Trade and other payables: amounts falling due after more
than one year
(50,000)
(50,000)
5
869,649
Net assets
671,587
Capital and reserves
Called up share capital
200
200
Retained earnings
869,449
671,387
869,649
671,587
Shareholders' funds
For the year ended 30 June 2022 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 of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Steven James Hibbert Director
These financial statements were approved and authorised for issue by the Board on 08 November 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2022
Pinnacle (UK) Limited
Notes to the Financial Statements
Statutory Information
Pinnacle (UK) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04806005.
Registered address:
11b Olympic Park
Olympic Way
Birchwood
Warrington
WA2 0YL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Computer equipment
15% Reducing balance
Fixtures and fittings
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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5
For the year ended 30 June 2022
Pinnacle (UK) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 July 2021
1,387,531
7,537
8,834
1,371,160
765,616
-
-
765,616
Additions
-
-
(242,812)
Disposals
(242,812)
At 30 June 2022
1,893,964
8,834
7,537
1,910,335
Provision for depreciation and impairment
At 01 July 2021
7,516
2,840
4,676
-
Charge for year
1,329
705
624
-
At 30 June 2022
8,845
3,545
5,300
-
At 30 June 2022
Net book value
1,893,964
3,534
3,992
1,901,490
At 30 June 2021
1,371,160
4,158
4,697
1,380,015
3. Trade and other receivables
2021
2022
£
£
Trade debtors
(48)
5,310
Other debtors
1,115,420
754,001
759,311
1,115,372
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
29,823
9,929
Taxation and social security
73,874
103,177
Other creditors
2,127,715
1,403,067
2,231,412
1,516,173
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
50,000
50,000
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6
For the year ended 30 June 2022
Pinnacle (UK) Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 2 (2021 : 2)
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