Pecan Partnership Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08160714 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2021

FOR

PECAN PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs P A Loveless

Mr A P Loveless

Ms E C Overshott

REGISTERED OFFICE:

Elscot House

Arcadia Avenue

London

N3 2JU

REGISTERED NUMBER:

08160714 (England and Wales)

ACCOUNTANTS:

Centrum Chartered Accountants

Elscot House

Arcadia Avenue

London

N3 2JU

FIXED ASSETS

Tangible assets

4

36,731

40,638

CURRENT ASSETS

Debtors

5

32,601

17,805

Cash at bank

608,746

677,066

641,347

694,871

CREDITORS

Amounts falling due within one year

6

(70,488

)

(78,513

)

NET CURRENT ASSETS

570,859

616,358

TOTAL ASSETS LESS CURRENT LIABILITIES

607,590

656,996

CAPITAL AND RESERVES

Called up share capital

36

36

Retained earnings

607,554

656,960

SHAREHOLDERS' FUNDS

607,590

656,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th January 2022 and were signed on its behalf by:

Mr A P Loveless - Director

1.	STATUTORY INFORMATION

Pecan Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

5% on cost

Plant and machinery etc

-

33% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st August 2020

and 31st July 2021

51,731

15,379

67,110

DEPRECIATION

At 1st August 2020

13,740

12,732

26,472

Charge for year

2,586

1,321

3,907

At 31st July 2021

16,326

14,053

30,379

NET BOOK VALUE

At 31st July 2021

35,405

1,326

36,731

At 31st July 2020

37,991

2,647

40,638

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

31,881

17,130

Other debtors

720

675

32,601

17,805

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

408

17,899

Taxation and social security

67,615

69,687

Other creditors

2,465

(9,073

)

70,488

78,513