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REGISTERED NUMBER: 06970864 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

POMFRET SERVICES LTD

POMFRET SERVICES LTD (REGISTERED NUMBER: 06970864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


POMFRET SERVICES LTD (REGISTERED NUMBER: 06970864)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,749 23,274
Investment property 5 1,205,197 491,698
1,207,946 514,972

CURRENT ASSETS
Debtors 6 25,229 203,186
Cash at bank 951,612 8,134
976,841 211,320
CREDITORS
Amounts falling due within one year 7 1,909,460 441,080
NET CURRENT LIABILITIES (932,619 ) (229,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,327

285,212

PROVISIONS FOR LIABILITIES 8 686 4,421
NET ASSETS 274,641 280,791

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 264,641 270,791
SHAREHOLDERS' FUNDS 274,641 280,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mr B J Thompson - Director


POMFRET SERVICES LTD (REGISTERED NUMBER: 06970864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Pomfret Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06970864

Registered office: 5 Worthington Business Park
Worthington Way
Wigan
Lancashire
WN3 6XJ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property for which fair value can be measured reliably is measured at fair value at each reporting date with changes in fair value recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2022 - NIL).

POMFRET SERVICES LTD (REGISTERED NUMBER: 06970864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 3,810 6,285 26,659 36,754
Disposals - - (26,659 ) (26,659 )
At 30 June 2023 3,810 6,285 - 10,095
DEPRECIATION
At 1 July 2022 2,410 4,162 6,908 13,480
Charge for year 350 424 452 1,226
Eliminated on disposal - - (7,360 ) (7,360 )
At 30 June 2023 2,760 4,586 - 7,346
NET BOOK VALUE
At 30 June 2023 1,050 1,699 - 2,749
At 30 June 2022 1,400 2,123 19,751 23,274

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 491,698
Additions 713,499
At 30 June 2023 1,205,197
NET BOOK VALUE
At 30 June 2023 1,205,197
At 30 June 2022 491,698

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 1,006 -
Other debtors 24,223 203,186
25,229 203,186

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 857,491 28,412
Taxation and social security 2,496 1,060
Other creditors 1,049,473 411,608
1,909,460 441,080

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 686 4,421

POMFRET SERVICES LTD (REGISTERED NUMBER: 06970864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 4,421
Credit to Statement of Income and Retained Earnings during year (3,735 )
Balance at 30 June 2023 686

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10,000 Ordinary £1 10,000 10,000