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REGISTERED NUMBER: 04143067 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023

FOR

PAUL SCULTHORPE RIGHTS LIMITED

PAUL SCULTHORPE RIGHTS LIMITED (REGISTERED NUMBER: 04143067)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 May 2022 to 29 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PAUL SCULTHORPE RIGHTS LIMITED

COMPANY INFORMATION
for the Period 1 May 2022 to 29 April 2023







DIRECTORS: P Sculthorpe MBE
Mrs L Sculthorpe





SECRETARY: Mrs L Sculthorpe





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB





REGISTERED NUMBER: 04143067 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PAUL SCULTHORPE RIGHTS LIMITED (REGISTERED NUMBER: 04143067)

STATEMENT OF FINANCIAL POSITION
29 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,175 7,272

CURRENT ASSETS
Debtors 5 - 11,679
Cash at bank and in hand 34,834 14,378
34,834 26,057
CREDITORS
Amounts falling due within one year 6 36,062 20,043
NET CURRENT (LIABILITIES)/ASSETS (1,228 ) 6,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,947

13,286

CREDITORS
Amounts falling due after more than one
year

7

8,667

12,642
NET (LIABILITIES)/ASSETS (3,720 ) 644

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (3,722 ) 642
SHAREHOLDERS' FUNDS (3,720 ) 644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 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.

PAUL SCULTHORPE RIGHTS LIMITED (REGISTERED NUMBER: 04143067)

STATEMENT OF FINANCIAL POSITION - continued
29 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





P Sculthorpe MBE - Director


PAUL SCULTHORPE RIGHTS LIMITED (REGISTERED NUMBER: 04143067)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 May 2022 to 29 April 2023

1. STATUTORY INFORMATION

Paul Sculthorpe Rights Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents the net invoice value of services supplied, excluding value added tax.

Turnover is recognised once the service has been provided and an invoice has been raised.

Tangible fixed assets
Tangible fixed assets are stated cost less depreciation.

Depreciation is provided at the following annual rates in order to write off the costs less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc. - 15% on reducing balance and 33% straight line.

Financial instruments
The directors have elected to apply the provisions of FRS 102 section 11 "Basic financial instruments" to all its financial instruments.

The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan accounts and accruals.

Financial instruments that are payable or receivable within one year, typically trade debtors, Directors' loan account and accruals and are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

In the event that financial instruments are repayable in more than one year they would be initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

Taxation
Taxation for the period 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


PAUL SCULTHORPE RIGHTS LIMITED (REGISTERED NUMBER: 04143067)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2022 to 29 April 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 statement of financial position 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 period 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 period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 24,585
Additions 1,394
Disposals (5,554 )
At 29 April 2023 20,425
DEPRECIATION
At 1 May 2022 17,313
Charge for period 2,491
Eliminated on disposal (5,554 )
At 29 April 2023 14,250
NET BOOK VALUE
At 29 April 2023 6,175
At 30 April 2022 7,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 11,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 8,848 6,015
Taxation and social security 9,673 6,748
Other creditors 13,541 3,280
36,062 20,043

PAUL SCULTHORPE RIGHTS LIMITED (REGISTERED NUMBER: 04143067)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2022 to 29 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,667 12,642

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29 April 2023 and the year ended 30 April 2022:

2023 2022
£    £   
P Sculthorpe MBE and Mrs L Sculthorpe
Balance outstanding at start of period 9,797 -
Amounts advanced - 9,797
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 9,797

Interest has been charged on the above loan at 2%.