IRIS Accounts Production v23.3.0.418 01667056 Board of Directors 1.5.22 30.4.23 30.4.23 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016670562022-04-30016670562023-04-30016670562022-05-012023-04-30016670562021-04-30016670562021-05-012022-04-30016670562022-04-3001667056ns14:PoundSterlingns10:Original2022-05-012023-04-3001667056ns10:Originalns10:Director12022-05-012023-04-3001667056ns10:Original2022-05-012023-04-3001667056ns10:Original2023-04-3001667056ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3001667056ns10:Originalns10:SmallEntities2022-05-012023-04-3001667056ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3001667056ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3001667056ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3001667056ns10:Originalns10:FullAccounts2022-05-012023-04-3001667056ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3001667056ns10:Originalns10:Director22022-05-012023-04-3001667056ns10:CompanySecretary1ns10:Original2022-05-012023-04-3001667056ns10:Originalns10:RegisteredOffice2022-05-012023-04-3001667056ns10:Original2022-04-3001667056ns10:Originalns5:CurrentFinancialInstruments2023-04-3001667056ns10:Originalns5:CurrentFinancialInstruments2022-04-3001667056ns10:Originalns5:Non-currentFinancialInstruments2023-04-3001667056ns10:Originalns5:Non-currentFinancialInstruments2022-04-3001667056ns5:ShareCapitalns10:Original2023-04-3001667056ns5:ShareCapitalns10:Original2022-04-3001667056ns10:Originalns5:SharePremium2023-04-3001667056ns10:Originalns5:SharePremium2022-04-3001667056ns10:Originalns5:RevaluationReserve2023-04-3001667056ns10:Originalns5:RevaluationReserve2022-04-3001667056ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3001667056ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3001667056ns10:Originalns5:FurnitureFittings2022-05-012023-04-3001667056ns10:Original2021-05-012022-04-3001667056ns10:Originalns5:PlantMachinery2022-04-3001667056ns10:Originalns5:FurnitureFittings2022-04-3001667056ns10:Originalns5:ComputerEquipment2022-04-3001667056ns10:Original2022-04-3001667056ns10:Originalns5:PlantMachinery2022-05-012023-04-3001667056ns10:Originalns5:ComputerEquipment2022-05-012023-04-3001667056ns10:Originalns5:PlantMachinery2023-04-3001667056ns10:Originalns5:FurnitureFittings2023-04-3001667056ns10:Originalns5:ComputerEquipment2023-04-3001667056ns10:Originalns5:PlantMachinery2022-04-3001667056ns10:Originalns5:FurnitureFittings2022-04-3001667056ns10:Originalns5:ComputerEquipment2022-04-3001667056ns10:Originalns5:CostValuation2022-04-3001667056ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3001667056ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3001667056ns10:Originalns10:OrdinaryShareClass12023-04-30
REGISTERED NUMBER: 01667056
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

POWDERTREE LIMITED

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWDERTREE LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2023







DIRECTORS: Mr N Womersley
Mrs A Womersley





SECRETARY: Mrs A Womersley





REGISTERED OFFICE: 1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB





REGISTERED NUMBER: 01667056





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 49 64
Investments 5 159,000 159,000
Investment property 6 475,000 475,000
634,049 634,064

CURRENT ASSETS
Debtors 7 1,338,229 1,228,820
Cash at bank 16,925 5,804
1,355,154 1,234,624
CREDITORS
Amounts falling due within one year 8 11,949 (32,062 )
NET CURRENT ASSETS 1,343,205 1,266,686
TOTAL ASSETS LESS CURRENT LIABILITIES 1,977,254 1,900,750

CREDITORS
Amounts falling due after more than
one year

9

(1,546,600

)

(1,423,395

)

PROVISIONS FOR LIABILITIES (5,468 ) (5,468 )
NET ASSETS 425,186 471,887

CAPITAL AND RESERVES
Called up share capital 11 181 181
Share premium 52,969 52,969
Revaluation reserve 58,198 58,198
Retained earnings 313,838 360,539
SHAREHOLDERS' FUNDS 425,186 471,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

BALANCE SHEET - continued
30 April 2023


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 Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





Mr N Womersley - Director


POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

Powdertree Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 2 (2022 - 2 ) .

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 1,804 1,654 5,090 8,548
DEPRECIATION
At 1 May 2022 1,791 1,653 5,040 8,484
Charge for year 3 - 12 15
At 30 April 2023 1,794 1,653 5,052 8,499
NET BOOK VALUE
At 30 April 2023 10 1 38 49
At 30 April 2022 13 1 50 64

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 159,000
NET BOOK VALUE
At 30 April 2023 159,000
At 30 April 2022 159,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 475,000
NET BOOK VALUE
At 30 April 2023 475,000
At 30 April 2022 475,000

Land and buildings is stated at the last valuation and is not amortised as the directors consider that the buildings are well maintained and do not depreciate. In the director's opinion the market value of the land and buildings as at 30/04/2023 is £475,000 (2022: £475,000).

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


6. INVESTMENT PROPERTY - continued

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2019 63,666
Cost 411,334
475,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 411,334 411,334

Investment property was valued on an open market basis on 30 April 2019 by the director .

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 232,779 198,820
Other debtors 75,450 -
308,229 198,820

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,030,000 1,030,000

Aggregate amounts 1,338,229 1,228,820

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - (34,509 )
Other creditors 11,949 2,447
11,949 (32,062 )

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,546,600 1,423,395

10. SECURED DEBTS

Bank loans and overdrafts are secured by a charge over the properties of both Powdertree Limited and D.F.W. Litlington Limited. In addition to this there is a personal guarantee by director Mr N Womersley in the amount of £50,000.

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
181 Ordinary £1 181 181

12. RELATED PARTY DISCLOSURES

D.F.W. Litlington Limited
Subsidiary Company

The following amounts are included within creditors due within 1 year in respect of D.F.W. Litlington Limited.
- group loan £232,779 (2022: £198,820)

The following amounts are included within creditors due after 1 year in respect of D.F.W. Litlington Limited:
- group loan £1,030,000 (2022: £1,030,000)

During the year D.F.W Litlington was charged at £76,869 (2022: £69,240) in respect of loan interest.

2023 2022
£ £
Amount due from related party at the balance sheet date 1,262,779 1,228,820