Pinetum Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10622985 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

PINETUM ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N B Woods

Mrs D S Woods

REGISTERED OFFICE:

Larkshill

Lewes Road

Uckfield

East Sussex

TN22 5SJ

REGISTERED NUMBER:

10622985 (England and Wales)

ACCOUNTANTS:

MVL Business Services

A trading name of Xynamo 5 Limited

72a High Street

Battle

East Sussex

TN33 0AG

FIXED ASSETS

Tangible assets

4

159,875

159,875

Investments

5

1

1

Investment property

6

235,000

167,907

394,876

327,783

CURRENT ASSETS

Debtors

7

165,975

175,689

Cash at bank

90,048

39,755

256,023

215,444

CREDITORS

Amounts falling due within one year

8

306,966

271,904

NET CURRENT LIABILITIES

(50,943

)

(56,460

)

TOTAL ASSETS LESS CURRENT LIABILITIES

343,933

271,323

CAPITAL AND RESERVES

Called up share capital

102

102

Share premium

1,998

1,998

Retained earnings

341,833

269,223

343,933

271,323

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 October 2021 and were signed on its behalf by:

N B Woods - Director

1.	STATUTORY INFORMATION

Pinetum Estates 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 as modified by the revaluation of certain assets.

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.

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2020

and 31 March 2021

159,875

NET BOOK VALUE

At 31 March 2021

159,875

At 31 March 2020

159,875

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2020

and 31 March 2021

1

NET BOOK VALUE

At 31 March 2021

1

At 31 March 2020

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

167,907

Revaluations

67,093

At 31 March 2021

235,000

NET BOOK VALUE

At 31 March 2021

235,000

At 31 March 2020

167,907

Fair value at 31 March 2021 is represented by:

£

Valuation in 2021

235,000

The properties held by the Company have been valued by the Company's Directors

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

500

-

Amounts owed by associates

153,447

164,785

Other debtors

12,028

10,904

165,975

175,689

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

8,165

2,709

Amounts owed to group undertakings

135,200

110,450

Taxation and social security

7,745

16,459

Other creditors

155,856

142,286

306,966

271,904

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

N B Woods and Mrs D S Woods

Balance outstanding at start of year

(31,222

)

(15,447

)

Amounts repaid

(23,701

)

(15,775

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(54,923

)

(31,222

)

10.	RELATED PARTY DISCLOSURES

During the year the company received loans from its parent company, Arboretum Holdings Limited, loans totalling £24,750 (2019 - £86,550). As at the balance sheet date £135,200. remained outstanding.

During the year the company has repaid loans totalling £10,502 (2020 - £nil) from Woods Properties Ltd a company with common control. As at the balance sheet date £96,498 remained outstanding.

During the year the company has been repaid loans amounting to £11,338 to Talisman Estates Ltd, a company in which shares are held. As at the balance sheet date £153,447 (2020 - £164,785) remained outstanding.