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Unaudited Financial Statements |
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for the Year Ended 30 April 2019 |
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for |
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Pipeplane Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2019 |
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for |
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Pipeplane Limited |
Pipeplane Limited (Registered number: 03752267) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
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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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Pipeplane Limited |
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Company Information |
for the Year Ended 30 April 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Military House |
24 Castle Street |
Chester |
Cheshire |
CH1 2DS |
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SOLICITORS: |
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26-28 Nicholas Street |
Chester |
CH1 2PQ |
Pipeplane Limited (Registered number: 03752267) |
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Balance Sheet |
30 April 2019 |
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30.4.19 | 30.4.18 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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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 |
7 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Fair value reserve | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
Pipeplane Limited (Registered number: 03752267) |
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Balance Sheet - continued |
30 April 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Pipeplane Limited (Registered number: 03752267) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
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1. | STATUTORY INFORMATION |
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Pipeplane Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are presented in sterling which is the functional currency of the company, rounded to |
the nearest £1. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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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. |
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Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained |
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2018 |
and 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.19 | 30.4.18 |
£ | £ |
Trade debtors |
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Amounts owed by participating interests | 135,711 | 135,711 |
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Pipeplane Limited (Registered number: 03752267) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.19 | 30.4.18 |
£ | £ |
Trade creditors |
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Amounts owed to participating interests | 28,500 | 28,500 |
Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.4.19 | 30.4.18 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 342,394 | 342,394 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.4.19 | 30.4.18 |
£ | £ |
Bank loans |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.19 | 30.4.18 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 May 2018 |
and 30 April 2019 |
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Pipeplane Limited (Registered number: 03752267) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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11. | RELATED PARTY DISCLOSURES |
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Mr D F Bowden, a director of Pipeplane Limited, is also a director and controlling shareholder of Bowdens |
Property Investments Limited. |
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Mr D F Bowden, a director of Pipeplane Limited, is also a partner in the business Treadsafe. |
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Mr D F Bowden and Mr J S M Datnow, directors of Pipeplane Limited, are directors and shareholders of |
Warren Developments (Wirral) Limited. |
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Mr J S M Datnow, a director of Pipeplane Limited, is also a director and controlling shareholder of Old Castle |
Limited. |
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Both directors of Pipeplane Limited are also directors of Silver Ice Limited. |
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At the balance sheet date, the following balances were (due to) / from related parties:- |
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Warren Developments (Wirral) Limited £(28,500) [2018 : £(28,500] |
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Bowdens Property Investments Limited. £ 57,285 [2018 : £57,285] |
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Treadsafe Limited £ 1,300 [2018 : £1,300] |
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Silver Ice Limited £ 10,126 [2018 : £10,126] |
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Old Castle Limited £ 67,000 [2018 : £67,000] |