ACCOUNTS - Final Accounts


Caseware UK (AP4) 2021.0.152 2021.0.152 2021-08-312021-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1true2020-09-01falseLand & property development1true 06277917 2020-09-01 2021-08-31 06277917 2019-09-01 2020-08-31 06277917 2021-08-31 06277917 2020-08-31 06277917 c:Director1 2020-09-01 2021-08-31 06277917 d:CurrentFinancialInstruments 2021-08-31 06277917 d:CurrentFinancialInstruments 2020-08-31 06277917 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 06277917 d:CurrentFinancialInstruments d:WithinOneYear 2020-08-31 06277917 d:ShareCapital 2021-08-31 06277917 d:ShareCapital 2020-08-31 06277917 d:RetainedEarningsAccumulatedLosses 2021-08-31 06277917 d:RetainedEarningsAccumulatedLosses 2020-08-31 06277917 c:OrdinaryShareClass1 2020-09-01 2021-08-31 06277917 c:OrdinaryShareClass1 2021-08-31 06277917 c:OrdinaryShareClass1 2020-08-31 06277917 c:OrdinaryShareClass2 2020-09-01 2021-08-31 06277917 c:OrdinaryShareClass2 2021-08-31 06277917 c:OrdinaryShareClass2 2020-08-31 06277917 c:EntityNoLongerTradingButTradedInPast 2020-09-01 2021-08-31 06277917 c:FRS102 2020-09-01 2021-08-31 06277917 c:AuditExempt-NoAccountantsReport 2020-09-01 2021-08-31 06277917 c:FullAccounts 2020-09-01 2021-08-31 06277917 c:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06277917









PEDERSEN (BRENTFORD) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2021

 
PEDERSEN (BRENTFORD) LTD
REGISTERED NUMBER: 06277917

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,001
2,801

Cash at bank and in hand
  
45
45

  
1,046
2,846

Creditors: amounts falling due within one year
 5 
(9)
(21,440)

Net current assets/(liabilities)
  
 
 
1,037
 
 
(18,594)

  

Net assets/(liabilities)
  
1,037
(18,594)


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
37
(19,594)

  
1,037
(18,594)


The director considers 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 director acknowledges his 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: 




M S Gourgey
Director

Date: 9 June 2022

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PEDERSEN (BRENTFORD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

1.


General information

The principal activity of the company was that of land and property development.
The company is a private company limited by shares and is incorporated in England and Wales.
The registered office address is 35 Ballards Lane, London N3 1XW.
The presentational and functional currency of the company is GBP and the accounts have been rounded to the nearest £1.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had net assets of £1,037 (2020 the company had net liabilities of £18,594) ; its current assets  amounted to £1,037 ( 2020 its current liabilities amounted to £18,594). This excess of current assets mainly relates to balances due to related parties. The company is dependent on the support of connected companies and in the opinion of the director the support is expected to continue for the foreseeable future. Accordingly the financial statements have been prepared on a going conern basis.

 
2.3

Financial instruments

The company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
 
Page 2

 
PEDERSEN (BRENTFORD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

2.Accounting policies (continued)


2.3
Financial instruments (continued)

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference  between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and 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.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3

 
PEDERSEN (BRENTFORD) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Debtors

2021
2020
£
£


Other debtors
1,001
2,801

1,001
2,801



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
9
-

Other creditors
-
21,440

9
21,440



6.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



950 (2020 - 950) Ordinary A shares of £1.00 each
950
950
50 (2020 - 50) Ordinary B shares of £1.00 each
50
50

1,000

1,000


 
Page 4