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REGISTERED NUMBER: 02056073 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

T.W. & A. PULLIN LIMITED

T.W. & A. PULLIN LIMITED (REGISTERED NUMBER: 02056073)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


T.W. & A. PULLIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr A Pullin
Mrs J A Kendall



SECRETARY: Mrs J A Kendall



REGISTERED OFFICE: 15 Rossefield
Barrow in Furness
Cumbria
LA13 9RF



REGISTERED NUMBER: 02056073 (England and Wales)



BANKERS: Bank of Scotland plc
600 Gorgie Road
Edinburgh
EH11 3XP

T.W. & A. PULLIN LIMITED (REGISTERED NUMBER: 02056073)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,327,861 1,512,886

CURRENT ASSETS
Debtors 2,116 2,078
Cash at bank 311,732 198,103
313,848 200,181
CREDITORS
Amounts falling due within one year 59,987 115,427
NET CURRENT ASSETS 253,861 84,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,581,722

1,597,640

CREDITORS
Amounts falling due after more than one
year

(159,077

)

(182,276

)

PROVISIONS FOR LIABILITIES (1,846 ) (1,072 )
NET ASSETS 1,420,799 1,414,292

CAPITAL AND RESERVES
Called up share capital 5 40,000 40,000
Revaluation reserve 420,258 420,258
Retained earnings 960,541 954,034
SHAREHOLDERS' FUNDS 1,420,799 1,414,292

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

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

T.W. & A. PULLIN LIMITED (REGISTERED NUMBER: 02056073)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 July 2024 and were signed on its behalf by:




Mrs J A Kendall - Director



Mr A Pullin - Director


T.W. & A. PULLIN LIMITED (REGISTERED NUMBER: 02056073)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

T.W. & A. Pullin 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental income as adjusted for accrued income, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Investment properties - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Freehold property has not been depreciated which is a departure from the Financial Reporting Standard 102 and from the Companies Act 2006. In the opinion of the directors the market value of the freehold properties exceeds cost.

The company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of investment properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties which is a departure from the Financial Reporting Standard 102 and from the Companies Act 2006.

The directors consider that their policy is necessary in order that the Financial Statements give a true and fair view. Current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Rental income
Rental income in recognised in the profit and loss on the accruals basis.

3. EMPLOYEES AND DIRECTORS

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

T.W. & A. PULLIN LIMITED (REGISTERED NUMBER: 02056073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2022 1,545,601
Additions 4,200
Disposals (186,764 )
At 31 October 2023 1,363,037
DEPRECIATION
At 1 November 2022 32,715
Charge for year 2,461
At 31 October 2023 35,176
NET BOOK VALUE
At 31 October 2023 1,327,861
At 31 October 2022 1,512,886

Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. In the opinion of the directors the market value of the freehold properties exceeds cost.

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

The directors consider that their policy is necessary in order that the Financial Statements give a true and fair view. Current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Cost or valuation at 31 October 2023 is represented by:

Totals
£   
Valuation in 2017 630,758
Valuation in 2019 (70,000 )
Valuation in 2022 (140,500 )
Cost 942,779
1,363,037

If investment properties had not been revalued they would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 844,242 1,031,006

Investment properties were valued on an open market basis on 31 October 2023 by the directors .

T.W. & A. PULLIN LIMITED (REGISTERED NUMBER: 02056073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
14,230 A ordinary £1 14,230 14,396
14,230 B ordinary £1 14,230 14,396
5,770 C ordinary £1 5,770 5,604
5,770 D ordinary £1 5,770 5,604
40,000 40,000

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs T W Pullin.