REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
T.W. & A. PULLIN LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
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 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced rental income as adjusted for accrued income, excluding VAT. |
Tangible fixed assets |
Freehold property | - |
Investment properties | - |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
Additions |
Disposals | ( |
) |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Charge for year |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
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: | £ | £ |
A ordinary | £1 | 14,230 | 14,396 |
B ordinary | £1 | 14,230 | 14,396 |
C ordinary | £1 | 5,770 | 5,604 |
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. |