Pebblebank Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08000709 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Pebblebank Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I. D. Hartley

Mrs. D. Hartley

REGISTERED OFFICE:

14a Albany Road

Weymouth

Dorset

DT4 9TH

REGISTERED NUMBER:

08000709 (England and Wales)

ACCOUNTANTS:

Advoco

Chartered Certified Accountants

Chartered Tax Advisers

14a Albany Road

Weymouth

Dorset

DT4 9TH

FIXED ASSETS

Intangible assets

4

1,325,000

1,325,000

Tangible assets

5

1,277,141

1,268,559

2,602,141

2,593,559

CURRENT ASSETS

Debtors

17,802

28,776

Cash at bank

643,589

502,178

661,391

530,954

CREDITORS

Amounts falling due within one year

511,824

532,628

NET CURRENT ASSETS/(LIABILITIES)

149,567

(1,674

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,751,708

2,591,885

CREDITORS

Amounts falling due after more than one year

(587,554

)

(752,979

)

PROVISIONS FOR LIABILITIES

7

(59,373

)

(59,164

)

NET ASSETS

2,104,781

1,779,742

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

2,104,681

1,779,642

SHAREHOLDERS' FUNDS

2,104,781

1,779,742

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 December 2021 and were signed on its behalf by:

I. D. Hartley - Director

Mrs. D. Hartley - Director

1.	STATUTORY INFORMATION

Pebblebank 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Caravans

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2020 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

and 31 March 2021

1,325,000

NET BOOK VALUE

At 31 March 2021

1,325,000

At 31 March 2020

1,325,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

1,390,622

Additions

104,264

Disposals

(75,117

)

At 31 March 2021

1,419,769

DEPRECIATION

At 1 April 2020

122,063

Charge for year

40,544

Eliminated on disposal

(19,979

)

At 31 March 2021

142,628

NET BOOK VALUE

At 31 March 2021

1,277,141

At 31 March 2020

1,268,559

Included in cost of land and buildings is freehold land of £ 1,031,133 (2020 - £ 988,465 ) which is not depreciated.

6.

LOANS

An analysis of the maturity of loans is given below:

2021

2020

£

£

Amounts falling due between one and two years:

Other loan

50,000

-

Bank loan 1

157,084

175,928

Bank loan 2

44,880

50,264

Bank loan 3

175,407

218,000

427,371

444,192

7.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

59,373

59,164

Deferred

tax

£

Balance at 1 April 2020

59,164

Balance at 31 March 2021

59,164

**

BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF

59,164

DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB

59,373

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

90

Ordinary A

£1.00

90

90

10

Ordinary B

£1.00

10

10

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2020

1,779,642

Profit for the year

358,639

Dividends

(33,600

)

At 31 March 2021

2,104,681