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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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Pepe (U.K.) Limited |
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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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for |
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Pepe (U.K.) Limited |
Pepe (U.K.) Limited (Registered number: 01163921) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Pepe (U.K.) Limited |
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Company Information |
for the Year Ended 31 March 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
5th Floor, Congress House |
14 Lyon Road |
Harrow |
HA1 2EN |
Pepe (U.K.) Limited (Registered number: 01163921) |
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Balance Sheet |
31 March 2022 |
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31.3.22 | 31.3.21 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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The director acknowledges his 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. |
Pepe (U.K.) Limited (Registered number: 01163921) |
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Balance Sheet - continued |
31 March 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Pepe (U.K.) Limited (Registered number: 01163921) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Pepe (U.K.) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. |
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The abridged financial statements are prepared in sterling, which is the functional currency of the entity. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
Pepe (U.K.) Limited (Registered number: 01163921) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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2. | ACCOUNTING POLICIES - continued |
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Disclosure exemptions |
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of PJL Investments B.V. which can be obtained by writing to: |
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PJL Investments B.V. |
Hannie Dankbaarpassage |
20C 1053RT Amsterdam |
The Netherlands |
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As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: |
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(a) Disclosures in respect of each class of share capital have not been presented. |
(b) No cash flow statement has been presented for the company. |
(c) Disclosures in respect of financial instruments have not been presented. |
(d) Disclosures in respect of share-based payments have not been presented. |
(e) No disclosure has been given for the aggregate remuneration of key management personnel. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | DEBTORS |
31.3.22 | 31.3.21 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
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Amounts falling due after more than one year: |
Amounts owed by group undertakings |
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Aggregate amounts |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Amounts owed to group undertakings |
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Pepe (U.K.) Limited (Registered number: 01163921) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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7. | RELATED PARTY DISCLOSURES |
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During the year, the company received interest of £38,599 (2021: £38,599) from Pepe Jeans London Ltd. |
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At the balance sheet date, the amount due from Pepe Jeans London Ltd was £1,444,750 (2021: £1,414,346). |
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8. | CONTROLLING PARTY |
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The Company is wholly owned by Pepe Jeans London Limited, a company incorporated in England, which is turn wholly owned by Pepe Jeans, S.L., a company incorporated in Spain, which is in turn is wholly owned by Pepe Jeans Group, S.L., a company incorporated in Spain, which is in turn is wholly owned by PJG Holdings 2 S.à.r.l., which is in turn is wholly owned by PJG Holdings 1 S.à.r.l., which is in turn is wholly owned by PJL Investments B.V. a company incorporated in Netherlands. The directors do not believe there is an ultimate controlling party of the Company. |
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The Company's results, assets, and liabilities are included in the consolidated financial Statements of PJL Investments B.V. which are publicly available. This is the smallest and largest group of undertakings to consolidate these financial statements at 31 March 2022. Copies of the consolidated financial statements of PJL Investments B.V. can be obtained by writing to: |
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PJL Investments B.V. |
Hannie Dankbaarpassage 20C 1053RT |
Amsterdam |
The Netherlands |