Pinnacle Property Management Ltd in Reading, RG10 0RU

Description

Data updated on: 01-11-2023

2002 marks the launching of Pinnacle Property Management Ltd, the company which is located at Units 1,2, & 3 Beech Court Wokingham Road, Hurst in Reading. That would make twenty two years Pinnacle Property Management has prospered in the business, as it was founded on 2002-07-17. The registration number is 04488061 and its area code is RG10 0RU. It has operated under three different names. Its first registered name, Property Investor, was changed on 2009-02-16 to Pinnacle Property Holdings. The current name is in use since 2011, is Pinnacle Property Management Ltd. This firm's declared SIC number is 98000: Residents property management. Pinnacle Property Management Limited filed its account information for the financial year up to Sat, 31st Dec 2022. The business most recent confirmation statement was released on Wed, 8th Feb 2023.

Having five recruitment advert since 14th March 2016, the corporation has been a quite active employer on the employment market. On 29th January 2018, it started employing new workers for a full time Caretaker post in Bath, and on 14th March 2016, for the vacant post of a full time Company Secretarial Administrator in Hurst. They hire applicants on such posts as for example: PA to Managing Director, Property Management Assistant and Credit Control Assistant.

From the information we have gathered, this business was founded in July 2002 and has been led by seven directors, and out of them five (Parimal P., Duncan R., Daniel S. and 2 others listed below) are still listed as current directors. To provide support to the directors, this particular business has been using the skills of Michael M. as a secretary for the last two years.

Previous company's names
Pinnacle Property Management Ltd 2011-09-28
Pinnacle Property Holdings Ltd 2009-02-16
Property Investor Limited 2002-07-17

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-12-31	2013-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	210 371	377 926

Balance Sheet
Cash Bank On Hand			429	1 127	2 898	9	368	1 656	20 577
Current Assets	131 414	213 508	497 782	470 577	454 884	747 599	1 377 048	1 387 652	1 378 193
Debtors	131 414	213 508	497 353	469 450	451 986	747 590	1 376 680	1 385 996	1 357 616
Net Assets Liabilities			741 883	820 265	877 266	861 381	934 712	1 102 053	1 057 800
Other Debtors	76 696	95 466	4 855	71 083	48 686	67 082	170 629	241 203	52 386
Property Plant Equipment			1 815 362	2 075 415	1 997 404	1 896 555	1 903 083	2 498 132	2 561 761
Net Assets Liabilities Including Pension Asset Liability	210 371	377 926
Tangible Fixed Assets	1 242 721	1 577 083
Trade Debtors	38 612	92 211

Capital & Reserves
Called Up Share Capital	100	100
Profit Loss Account Reserve	118 417	229 335
Shareholder Funds	210 371	377 926

Other Financial Data
Version Production Software						2 020	2 021	2 022	2 024
Accrued Liabilities				14 000	25 406	42 952	59 928	83 225	37 496
Accumulated Depreciation Impairment Property Plant Equipment			278 144	367 475	369 953	489 311	582 811	566 022	597 218
Additions Other Than Through Business Combinations Property Plant Equipment				383 336	81 236	70 685	100 388	662 119	332 849
Amounts Owed By Group Undertakings Participating Interests			354 272	264 916	203 482	481 625	937 298	868 431	881 276
Amounts Owed To Group Undertakings Participating Interests							33 418	48 476	51 494
Average Number Employees During Period			50	55	68	69	70	77	79
Bank Borrowings			954 606	1 092 543	1 017 848	1 194 107	1 565 409	1 919 736	1 719 107
Bank Borrowings Overdrafts	140 241	206 669	75 400	206 859	153 917	152 851	165 427	176 782	162 866
Creditors			565 457	570 213	493 918	535 180	897 818	980 909	1 158 065
Deferred Income				667
Finance Lease Liabilities Present Value Total			94 170	73 802	37 893	25 281	32 420	58 744	79 552
Fixed Assets	1 242 721	1 577 083				1 896 555	2 041 958	2 644 737	2 710 118
Increase From Depreciation Charge For Year Property Plant Equipment				123 282	128 017	87 742	93 670	100 473	107 649
Investments							138 875	146 605	148 357
Investments In Subsidiaries Measured Fair Value							138 875	146 605	148 357
Net Current Assets Liabilities	-326 415	-272 923	-67 675	-99 636	-39 034	212 419	479 230	406 743	220 128
Other Creditors			2 100	2 100	9 222	2 100	4 107	6 482	3 985
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				33 951	125 539	43 384	170	117 262	76 453
Other Disposals Property Plant Equipment				33 952	156 769	52 176	360	145 190	115 813
Prepayments Accrued Income			68 653	77 486	68 797	81 386	118 170	129 785	149 405
Property Plant Equipment Gross Cost			2 093 506	2 442 890	2 367 357	2 385 866	2 485 894	3 064 154	3 158 979
Revaluations Increase Decrease In Depreciation Impairment Property Plant Equipment						75 000
Taxation Social Security Payable			220 129	226 265	242 253	245 897	472 134	409 988	519 502
Total Assets Less Current Liabilities	916 306	1 304 160	1 747 687	1 975 779	1 958 370	2 108 974	2 521 188	3 051 480	2 930 246
Total Increase Decrease From Revaluations Property Plant Equipment								61 331	-122 211
Trade Creditors Trade Payables			173 658	46 520	25 227	66 099	130 384	197 212	303 170
Trade Debtors Trade Receivables			69 573	55 965	131 021	117 497	150 583	146 577	274 549
Director Remuneration	102 484	110 452
Director Remuneration Benefits Including Payments To Third Parties	102 484	110 452
Accruals Deferred Income Within One Year	9 481	11 645
Administrative Expenses	854 050
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax	10 261
Commitments Under Non-cancellable Operating Leases Total	98 856	70 204
Cost Sales	241 442
Creditors Due After One Year	705 935	926 234
Creditors Due Within One Year	457 829	486 431
Depreciation Tangible Fixed Assets Expense	19 146	30 064
Expenses Not Deductible For Tax Purposes	146
Gain Loss From Disposal Fixed Assets	-5 678
Gross Profit Loss	1 310 140
Increase Decrease In U K Corporation Tax Arising From Adjustment For Prior Periods	-23 107
Interest Payable Similar Charges	26 181
Land Buildings Operating Leases Expiring Between Two Five Years	39 563	42 530
Number Shares Allotted	100	100
Obligations Under Finance Lease Hire Purchase Contracts After One Year	39 563	42 530
Obligations Under Finance Lease Hire Purchase Contracts Within One Year	59 293	27 674
Operating Profit Loss	456 090
Other Interest Receivable Similar Income	1 502
Other Operating Leases Expiring Within One Year	59 293	27 674
Par Value Share	1	1
Prepayments Accrued Income Current Asset	16 106	25 831
Profit Loss For Period	360 341
Profit Loss On Ordinary Activities Before Tax	431 411
Revaluation Reserve	91 854	148 491
Share Capital Allotted Called Up Paid	100	100
Tangible Fixed Assets Additions		15 590
Tangible Fixed Assets Cost Or Valuation	1 344 145	1 692 354
Tangible Fixed Assets Depreciation	101 424	115 271
Tangible Fixed Assets Depreciation Charged In Period		29 348
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		36 811
Tangible Fixed Assets Disposals		83 874
Tangible Fixed Assets Increase Decrease From Revaluations		56 637
Taxation Social Security Due Within One Year	195 538	197 368
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	104 292
Tax On Profit Or Loss On Ordinary Activities	71 070
Total Dividend Payment	250 000	270 000
Total Recognised Gain Loss For Period	360 341
Trade Creditors Within One Year	53 276	43 075
Turnover Gross Operating Revenue	1 551 582
U K Current Corporation Tax	71 070
U K Current Corporation Tax On Income For Period	71 070