Pemberton & Co (Wallasey) Limited 31/12/2022 iXBRL
Pemberton & Co (Wallasey) Limited 31/12/2022 iXBRL
Company registration number:
00770683
Contents
Abridged statement of financial position
Notes to the financial statements
Abridged statement of financial position
31 December 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors |
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Investments | 5 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 April 2023
, and are signed on behalf of the board by:
Director
Director
Company registration number:
00770683
Notes to the financial statements
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 28-30 Grange Road West, Birkenhead, Wirral, CH41 4DA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property | - |
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Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
Financial instruments
4.
Tangible assets
£ | ||
Cost | ||
At 1 January 2022 and 31 December 2022 |
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_______ | ||
Depreciation | ||
At 1 January 2022 |
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Charge for the year |
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_______ | ||
At 31 December 2022 |
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_______ | ||
Carrying amount | ||
At 31 December 2022 |
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_______ | ||
At 31 December 2021 |
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_______ | ||
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
£ | ||
At 31 December 2022 | ||
Aggregate cost | 69,823 | |
Aggregate depreciation | - | |
_______ | ||
Carrying amount | 69,823 | |
_______ | ||
At 31 December 2021 | ||
Aggregate cost | 69,823 | |
Aggregate depreciation | - | |
_______ | ||
Carrying amount | 69,823 | |
_______ | ||
The directors have valued the investment properties on the open market at £987,850 as at 31 December 2022 (2021 - £987,850).
5.
Investments
2022 | 2021 | |||
£ | £ | |||
Other investments | 30,966 | 36,311 | ||
_______ | _______ | |||
6.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2022 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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_______ | _______ | _______ | ||
2021 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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- | - | - | |
_______ | _______ | _______ | ||
All loans are unsecured, interest free and repayable on demand.