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REGISTERED NUMBER: 02204544 (England and Wales)














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 4 749 687
Cash at bank 127,555 151,742
128,304 152,429
CREDITORS
Amounts falling due within one year 5 80,678 131,634
NET CURRENT ASSETS 47,626 20,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,626

20,795

RESERVES
Retained earnings 6 47,626 20,795
47,626 20,795

PUTSBOROUGH APARTMENTS LIMITED (REGISTERED NUMBER: 02204544)

BALANCE SHEET - continued
31 AUGUST 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2023 and were signed on its behalf by:





M B Morrison - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02204544

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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.

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 749 687

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 43 2
Other creditors 80,635 131,632
80,678 131,634

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 20,795
Profit for the year 26,831
At 31 August 2023 47,626

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).