IRIS Accounts Production v23.2.0.158 06054065 director 1.1.22 31.12.22 31.12.22 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 06054065 2021-12-31 06054065 2022-12-31 06054065 2022-01-01 2022-12-31 06054065 2020-12-31 06054065 2021-01-01 2021-12-31 06054065 2021-12-31 06054065 ns16:EnglandWales 2022-01-01 2022-12-31 06054065 ns15:PoundSterling 2022-01-01 2022-12-31 06054065 ns11:Director1 2022-01-01 2022-12-31 06054065 ns11:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06054065 ns11:SmallEntities 2022-01-01 2022-12-31 06054065 ns11:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 06054065 ns11:SmallCompaniesRegimeForDirectorsReport 2022-01-01 2022-12-31 06054065 ns11:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 06054065 ns11:FullAccounts 2022-01-01 2022-12-31 06054065 ns11:RegisteredOffice 2022-01-01 2022-12-31 06054065 ns6:CurrentFinancialInstruments 2022-12-31 06054065 ns6:CurrentFinancialInstruments 2021-12-31 06054065 ns6:Non-currentFinancialInstruments 2022-12-31 06054065 ns6:Non-currentFinancialInstruments 2021-12-31 06054065 ns6:ShareCapital 2022-12-31 06054065 ns6:ShareCapital 2021-12-31 06054065 ns6:RetainedEarningsAccumulatedLosses 2022-12-31 06054065 ns6:RetainedEarningsAccumulatedLosses 2021-12-31 06054065 ns6:FurnitureFittings 2021-12-31 06054065 ns6:FurnitureFittings 2022-01-01 2022-12-31 06054065 ns6:FurnitureFittings 2022-12-31 06054065 ns6:FurnitureFittings 2021-12-31 06054065 ns6:WithinOneYear ns6:CurrentFinancialInstruments 2022-12-31 06054065 ns6:WithinOneYear ns6:CurrentFinancialInstruments 2021-12-31

REGISTERED NUMBER: 06054065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PUTNEY SECURITIES

LIMITED

PUTNEY SECURITIES

LIMITED (REGISTERED NUMBER: 06054065)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

PUTNEY SECURITIES

LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2022

| DIRECTOR: | N Swingler

| REGISTERED OFFICE: | 5 Argosy Court

| Scimitar Way

| Coventry

| West Midlands

| CV3 4GA

| REGISTERED NUMBER: | 06054065 (England and Wales)

| ACCOUNTANTS: | Prime

| Chartered Accountants

| Corner Oak

| 1 Homer Road

| Solihull

| B91 3QG

PUTNEY SECURITIES

LIMITED (REGISTERED NUMBER: 06054065)

BALANCE SHEET

31 DECEMBER 2022

| 2022 | 2021 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 567 |  | 667 |  |

Investment property | 5 | 875,000 |  | 888,000 |  |

875,567 |  | 888,667 |  |

CURRENT ASSETS

Debtors | 6 | 4,514 |  | 2,944 |  |

Cash at bank | 10,750 |  | 36,961 |  |

15,264 |  | 39,905 |  |

CREDITORS

Amounts falling due within one year | 7 | 263,043 |  | 288,651 |  |

NET CURRENT LIABILITIES | (247,779 | ) | (248,746 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 627,788 |  | 639,921 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (300,000 | ) | (300,000 | ) |

PROVISIONS FOR LIABILITIES | (19,194 | ) | (21,664 | ) |

NET ASSETS | 308,594 |  | 318,257 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 308,592 |  | 318,255 |  |

308,594 |  | 318,257 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

PUTNEY SECURITIES

LIMITED (REGISTERED NUMBER: 06054065)

BALANCE SHEET - continued

31 DECEMBER 2022

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:

N Swingler - Director

PUTNEY SECURITIES

LIMITED (REGISTERED NUMBER: 06054065)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. | STATUTORY INFORMATION

| Putney Securities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| 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.

| 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.

| Current or deferred taxation assets and liabilities are not discounted.

| 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.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2021 - NIL).

PUTNEY SECURITIES

LIMITED (REGISTERED NUMBER: 06054065)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2022

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 January 2022

| and 31 December 2022 | 7,638 |  |

| DEPRECIATION

| At 1 January 2022 | 6,971 |  |

| Charge for year | 100 |  |

| At 31 December 2022 | 7,071 |  |

| NET BOOK VALUE

| At 31 December 2022 | 567 |  |

| At 31 December 2021 | 667 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2022 | 888,000 |  |

| Revaluations | (13,000 | ) |

| At 31 December 2022 | 875,000 |  |

| NET BOOK VALUE

| At 31 December 2022 | 875,000 |  |

| At 31 December 2021 | 888,000 |  |

| Fair value at 31 December 2022 is represented by:

£ |

| Valuation in 2017 | 252,206 |  |

| Valuation in 2018 | 11,000 |  |

| Valuation in 2019 | 13,000 |  |

| Valuation in 2020 | (1,000 | ) |

| Valuation in 2021 | 26,000 |  |

| Valuation in 2022 | (13,000 | ) |

| Cost | 586,794 |  |

875,000 |  |

| Investment property was valued on an open market value basis on 31 December 2022 by the company director .

PUTNEY SECURITIES

LIMITED (REGISTERED NUMBER: 06054065)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2022

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2022 | 2021 |

£ | £ |

| Trade debtors | 1,573 |  | 996 |  |

| Other debtors | 2,941 |  | 1,948 |  |

4,514 |  | 2,944 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2022 | 2021 |

£ | £ |

| Taxation and social security | 227 |  | 3,468 |  |

| Other creditors | 262,816 |  | 285,183 |  |

263,043 |  | 288,651 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2022 | 2021 |

£ | £ |

| Bank loans | 300,000 |  | 300,000 |  |