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REGISTERED NUMBER: 09995473 (England and Wales)















Unaudited Financial Statements for the Year Ended 27 February 2023

for

Pod Newcastle Ltd

Pod Newcastle Ltd (Registered number: 09995473)






Contents of the Financial Statements
for the Year Ended 27 February 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Pod Newcastle Ltd

Company Information
for the Year Ended 27 February 2023







DIRECTORS: C Van Bedaf
R Van Bedaf





REGISTERED OFFICE: Toffee Factory
Lower Steenbergs Yard
Newcastle upon Tyne
Tyne and Wear
NE1 2DF





REGISTERED NUMBER: 09995473 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pod Newcastle Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pod Newcastle Ltd for the year ended 27 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pod Newcastle Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pod Newcastle Ltd and state those matters that we have agreed to state to the Board of Directors of Pod Newcastle Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pod Newcastle Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pod Newcastle Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pod Newcastle Ltd. You consider that Pod Newcastle Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pod Newcastle Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


13 November 2023

Pod Newcastle Ltd (Registered number: 09995473)

Balance Sheet
27 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,083 18,854

CURRENT ASSETS
Debtors 5 988,592 680,057
Investments 6 157,049 276,458
Cash at bank and in hand 1,284,487 1,253,332
2,430,128 2,209,847
CREDITORS
Amounts falling due within one year 7 403,412 310,135
NET CURRENT ASSETS 2,026,716 1,899,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,041,799

1,918,566

CREDITORS
Amounts falling due after more than one
year

8

(130,500

)

(188,500

)

PROVISIONS FOR LIABILITIES (2,866 ) (3,582 )
NET ASSETS 1,908,433 1,726,484

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,908,333 1,726,384
SHAREHOLDERS' FUNDS 1,908,433 1,726,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

Pod Newcastle Ltd (Registered number: 09995473)

Balance Sheet - continued
27 February 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 13 November 2023 and were signed on its behalf by:





C Van Bedaf - Director


Pod Newcastle Ltd (Registered number: 09995473)

Notes to the Financial Statements
for the Year Ended 27 February 2023

1. STATUTORY INFORMATION

Pod Newcastle Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest pound.

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

Turnover is derived from architectural services and is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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.


Pod Newcastle Ltd (Registered number: 09995473)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscovered amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Trade and other creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

Pod Newcastle Ltd (Registered number: 09995473)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 28 February 2022
and 27 February 2023 44,828
DEPRECIATION
At 28 February 2022 25,974
Charge for year 3,771
At 27 February 2023 29,745
NET BOOK VALUE
At 27 February 2023 15,083
At 27 February 2022 18,854

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 996 8,572
Other debtor 984,000 630,000
Directors' current accounts - 39,676
Prepayments and accrued income 3,596 1,809
988,592 680,057

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 157,049 276,458

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 58,000 58,000
Tax 140,511 92,386
Social security and other taxes 17,200 55,480
VAT 94,520 98,269
Directors' current accounts 181 -
Accrued expenses 93,000 6,000
403,412 310,135

Pod Newcastle Ltd (Registered number: 09995473)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 130,500 188,500