ACCOUNTS - Final Accounts preparation

PENTLAND 1709 LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01No description of principal activitytruetrue3false1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC674793 2022-07-01 2023-06-30 SC674793 2021-07-01 2022-06-30 SC674793 2023-06-30 SC674793 2022-06-30 SC674793 c:Director1 2022-07-01 2023-06-30 SC674793 c:Director2 2022-07-01 2023-06-30 SC674793 c:Director3 2022-07-01 2023-06-30 SC674793 c:RegisteredOffice 2022-07-01 2023-06-30 SC674793 d:CurrentFinancialInstruments 2023-06-30 SC674793 d:CurrentFinancialInstruments 2022-06-30 SC674793 d:Non-currentFinancialInstruments 2023-06-30 SC674793 d:Non-currentFinancialInstruments 2022-06-30 SC674793 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC674793 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC674793 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC674793 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 SC674793 d:ShareCapital 2023-06-30 SC674793 d:ShareCapital 2022-06-30 SC674793 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC674793 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC674793 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC674793 c:OrdinaryShareClass1 2023-06-30 SC674793 c:OrdinaryShareClass1 2022-06-30 SC674793 c:FRS102 2022-07-01 2023-06-30 SC674793 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC674793 c:FullAccounts 2022-07-01 2023-06-30 SC674793 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC674793 6 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC674793

PENTLAND 1709 LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

PENTLAND 1709 LIMITED

COMPANY INFORMATION

Directors	Mr A G Watson
	Mr M J Quinn
	Mr R Young


Registered number	SC674793


Registered office	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH


Accountants	EQ Accountants LLP
	Chartered Accountants
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

PENTLAND 1709 LIMITED

REGISTERED NUMBER: SC674793

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2023

		2023		2022
		£		£

Fixed assets
Investments	4		340,721		-
			340,721		-
Current assets
Bank and cash balances		50,085		85
		50,085		85
Creditors: amounts falling due within one year		(67,001)		-
Net current (liabilities)/assets			(16,916)		85
Total assets less current liabilities			323,805		85
Creditors: amounts falling due after more than one year			(320,000)		-

Net assets			3,805		85

Capital and reserves
Called up share capital	7	100	85
Profit and loss account		3,705	-
		3,805	85

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PENTLAND 1709 LIMITED

REGISTERED NUMBER: SC674793

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr A G Watson

Director

Date: 9 August 2023

The notes on pages 3 to 4 form part of these financial statements.

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PENTLAND 1709 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1.	General information

The Company is limited by shares and incorporated in Scotland with registration number SC674793. The registered office address is Pentland House, Saltire Centre, Glenrothes, Fife, KY6 2AH.
The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 1).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	340,721
	At 30 June 2023	340,721

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PENTLAND 1709 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

5.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Amounts owed to group undertakings	1	-
Loan notes	60,000	-
Accruals and deferred income	7,000	-
	67,001	-

The loan notes are secured.

6.	Creditors: Amounts falling due after more than one year
		2023	2022
		£	£

Loan notes	320,000	-
	320,000	-

The loan notes are secured.

7.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

100 (2022 - 85) Ordinary shares of £1.00 each	100	85

On 29 November 2022, 15 ordinary shares of £1.00 each were issued at par.

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