REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2020 |
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for |
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Pipeplane Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2020 |
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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 2020 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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Pipeplane Limited |
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Company Information |
for the Year Ended 30 April 2020 |
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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 |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Pipeplane Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pipeplane Limited for the year ended 30 April 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Pipeplane Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pipeplane Limited and state those matters that we have agreed to state to the Board of Directors of Pipeplane Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pipeplane Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Pipeplane Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pipeplane Limited. You consider that Pipeplane Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Pipeplane Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Military House |
24 Castle Street |
Chester |
Cheshire |
CH1 2DS |
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Pipeplane Limited (Registered number: 03752267) |
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Balance Sheet |
30 April 2020 |
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30.4.20 | 30.4.19 |
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: |
(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. |
Pipeplane Limited (Registered number: 03752267) |
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Balance Sheet - continued |
30 April 2020 |
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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 and authorised for issue 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 2020 |
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1. | STATUTORY INFORMATION |
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Pipeplane Limited is a
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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 |
Revenue 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 |
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FAIR VALUE |
At 1 May 2019 |
and 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 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 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Trade debtors |
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Amounts owed by participating interests | 135,711 | 135,711 |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
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 |
30.4.20 | 30.4.19 |
£ | £ |
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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30.4.20 | 30.4.19 |
£ | £ |
Bank loans |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.20 | 30.4.19 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
Pipeplane Limited (Registered number: 03752267) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
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10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 May 2019 |
and 30 April 2020 |
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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) [2019 : £(28,500] |
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Bowdens Property Investments Limited. £ 57,285 [2019 : £57,285] |
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Treadsafe Limited £ 1,300 [2019 : £1,300] |
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Silver Ice Limited £ 10,126 [2019 : £10,126] |
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Old Castle Limited £ 67,000 [2019 : £67,000] |