Pinetum Estates Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10622985 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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

6 Red Barn Mews

Battle

East Sussex

TN33 0AG

FIXED ASSETS

Investments

4

2

1

Investment property

5

450,000

460,000

450,002

460,001

CURRENT ASSETS

Debtors

6

339,754

168,168

Cash at bank

30,766

116,990

370,520

285,158

CREDITORS

Amounts falling due within one year

7

330,613

347,420

NET CURRENT ASSETS/(LIABILITIES)

39,907

(62,262

)

TOTAL ASSETS LESS CURRENT LIABILITIES

489,909

397,739

CAPITAL AND RESERVES

Called up share capital

102

102

Share premium

1,998

1,998

Retained earnings

487,809

395,639

489,909

397,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 8 August 2023 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 the cost less estimated residual value of 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 (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2022

1

Additions

1

At 31 March 2023

2

NET BOOK VALUE

At 31 March 2023

2

At 31 March 2022

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

460,000

Revaluations

(10,000

)

At 31 March 2023

450,000

NET BOOK VALUE

At 31 March 2023

450,000

At 31 March 2022

460,000

Fair value at 31 March 2023 is represented by:

£

Valuation in 2021

394,875

Valuation in 2022

65,125

Valuation in 2023

(10,000

)

450,000

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

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

500

Amounts owed by associates

333,287

161,147

Other debtors

6,467

6,521

339,754

168,168

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

7,000

45

Amounts owed to group undertakings

257,508

157,700

Taxation and social security

30,534

4,312

Other creditors

35,571

185,363

330,613

347,420

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023

2022

£

£

N B Woods and Mrs D S Woods

Balance outstanding at start of year

(90,736

)

(54,923

)

Amounts advanced

58,261

-

Amounts repaid

-

(35,813

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(32,475

)

(90,736

)

9.	RELATED PARTY DISCLOSURES

During the year the company repaid loans from its parent company, Arboretum Holdings Limited, loans totalling -£10,000 (2022 - £22.500). As at the balance sheet date £167,700 was payable to Arboretum Holdings Limited,

During the year the company, there were no transactions (2022 - £6,690) from Woods Properties Ltd a company with common control. As at the balance sheet date £89,808 remained payable to Woods Properties Limited,

During the year the company has received loans amounting to £179,840 to Talisman EstatesTrading Limited, a company in which shares are held. As at the balance sheet date £333,287 (2022 - £161,147) was repayable from Talisman Estates Trading Limited.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Arboretum Holdings Limited