REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
PUTSBOROUGH APARTMENTS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
PUTSBOROUGH APARTMENTS LIMITED |
PUTSBOROUGH APARTMENTS LIMITED (REGISTERED NUMBER: 02204544) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
PUTSBOROUGH APARTMENTS LIMITED (REGISTERED NUMBER: 02204544) |
BALANCE SHEET |
31 AUGUST 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Retained earnings | 6 |
PUTSBOROUGH APARTMENTS LIMITED (REGISTERED NUMBER: 02204544) |
BALANCE SHEET - continued |
31 AUGUST 2023 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
PUTSBOROUGH APARTMENTS LIMITED (REGISTERED NUMBER: 02204544) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
1. | STATUTORY INFORMATION |
Putsborough Apartments Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Due to its mutual trading status, the company is not liable to Corporation Tax on its trading activities and the only liability arises on the company's investment income. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
PUTSBOROUGH APARTMENTS LIMITED (REGISTERED NUMBER: 02204544) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
Included in other creditors is £79,309 (2022 £105,693) which represents money owed by Putsborough Apartments Limited to Putsborough Pool Limited, a company under common control. |
6. | RESERVES |
Retained |
earnings |
£ |
At 1 September 2022 |
Profit for the year |
At 31 August 2023 |
7. | RELATED PARTY DISCLOSURES |
The directors of this company are also the directors of Putsborough Pool Limited, a company registered in England. |
The directors own properties at Clifton Court and receive an 11% discount on management fees. The total amount of discount received by directors in the year amounted to £1,694 (2022 £930). |