PTP Accounts Production v22.3.0.621 03650663 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure036506632022-07-31036506632023-07-31036506632022-08-012023-07-31036506632021-07-31036506632021-08-012022-07-31036506632022-07-3103650663ns16:EnglandWales2022-08-012023-07-3103650663ns15:PoundSterling2022-08-012023-07-3103650663ns11:Director12022-08-012023-07-3103650663ns11:PrivateLimitedCompanyLtd2022-08-012023-07-3103650663ns11:SmallEntities2022-08-012023-07-3103650663ns11:AuditExempt-NoAccountantsReport2022-08-012023-07-3103650663ns11:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3103650663ns11:SmallCompaniesRegimeForAccounts2022-08-012023-07-3103650663ns11:FullAccounts2022-08-012023-07-3103650663ns11:CompanySecretary12022-08-012023-07-3103650663ns11:RegisteredOffice2022-08-012023-07-3103650663ns6:CurrentFinancialInstruments2023-07-3103650663ns6:CurrentFinancialInstruments2022-07-3103650663ns6:ShareCapital2023-07-3103650663ns6:ShareCapital2022-07-3103650663ns6:RetainedEarningsAccumulatedLosses2023-07-3103650663ns6:RetainedEarningsAccumulatedLosses2022-07-3103650663ns6:PlantMachinery2022-08-012023-07-3103650663ns6:PlantMachinery2022-07-3103650663ns6:PlantMachinery2023-07-3103650663ns6:PlantMachinery2022-07-3103650663ns6:WithinOneYearns6:CurrentFinancialInstruments2023-07-3103650663ns6:WithinOneYearns6:CurrentFinancialInstruments2022-07-3103650663ns11:Director112022-07-3103650663ns11:Director112021-07-3103650663ns11:Director112022-08-012023-07-3103650663ns11:Director112021-08-012022-07-3103650663ns11:Director112023-07-3103650663ns11:Director112022-07-31
REGISTERED NUMBER: 03650663 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

POWERHOUSE PARTNERSHIP LIMITED

POWERHOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 03650663)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POWERHOUSE PARTNERSHIP LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTOR: I C Treadaway





SECRETARY: Mrs S Treadaway





REGISTERED OFFICE: Oxen Barn
Green Cross Lane
Farnham
Surrey
GU10 2ND





REGISTERED NUMBER: 03650663 (England and Wales)





ACCOUNTANTS: Figurework Solutions Ltd
Chartered Certified Accountants
4 Cottage Farm Waye
Speen
Princes Risborough
Bucks
HP27 0RQ

POWERHOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 03650663)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,428 422

CURRENT ASSETS
Debtors 5 33,393 19,574
Cash at bank 74 6,968
33,467 26,542
CREDITORS
Amounts falling due within one year 6 15,962 25,063
NET CURRENT ASSETS 17,505 1,479
TOTAL ASSETS LESS CURRENT LIABILITIES 18,933 1,901

PROVISIONS FOR LIABILITIES 269 78
NET ASSETS 18,664 1,823

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 18,660 1,819
SHAREHOLDERS' FUNDS 18,664 1,823

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2023 and were signed by:




I C Treadaway - Director


POWERHOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 03650663)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Powerhouse Partnership 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 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.

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 etc - 25% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

POWERHOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 03650663)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 14,750
Additions 1,482
At 31 July 2023 16,232
DEPRECIATION
At 1 August 2022 14,328
Charge for year 476
At 31 July 2023 14,804
NET BOOK VALUE
At 31 July 2023 1,428
At 31 July 2022 422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,393 8,074
Other debtors - 11,500
33,393 19,574

Other debtors includes advances to Mr I Treadaway (director) of £Nil, (2022: £11,500).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,502 6,935
Taxation and social security 10,961 16,128
Other creditors 2,499 2,000
15,962 25,063

POWERHOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 03650663)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
I C Treadaway
Balance outstanding at start of year 11,500 -
Amounts advanced - 11,500
Amounts repaid (11,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,500

8. RELATED PARTY DISCLOSURES

The ultimate controlling parties are Mr I Treadaway and Mrs S Treadaway the director and secretary by
virtue of their 100% shareholding.