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REGISTERED NUMBER: 00465486 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Poplars Manufacturing Co. (Studley)
Limited

Poplars Manufacturing Co. (Studley)
Limited (Registered number: 00465486)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Poplars Manufacturing Co. (Studley)
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A R Morrison
DT Marshall
RW Crompton





SECRETARY: A R Morrison





REGISTERED OFFICE: 20 Gavin Way
Nexus Point
Holford Broadlands
Birmingham
West Midlands
B6 7AF





REGISTERED NUMBER: 00465486 (England and Wales)





ACCOUNTANTS: Locke Williams Associates LLP
Chartered Accountants
c/o Blackthorn House
St Pauls Square
Birmingham
West Midlands
B3 1RL

Poplars Manufacturing Co. (Studley)
Limited (Registered number: 00465486)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,933 5,549
Investment property 5 750,000 750,000
753,933 755,549

CURRENT ASSETS
Debtors 6 13,243 13,747
Cash at bank 40,389 37,639
53,632 51,386
CREDITORS
Amounts falling due within one year 7 12,607 14,021
NET CURRENT ASSETS 41,025 37,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

794,958

792,914

PROVISIONS FOR LIABILITIES 39,702 40,026
NET ASSETS 755,256 752,888

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Revaluation reserve 9 268,921 268,921
Retained earnings 9 481,335 478,967
SHAREHOLDERS' FUNDS 755,256 752,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Poplars Manufacturing Co. (Studley)
Limited (Registered number: 00465486)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 13 June 2024 and were signed on its behalf by:




A R Morrison - Director



DT Marshall - Director


Poplars Manufacturing Co. (Studley)
Limited (Registered number: 00465486)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Poplars Manufacturing Co. (Studley) 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.

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 cost
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

For the purposes of clarity, any surplus arising on revaluation is then transferred and held in a separate 'Fair value' reserve, so as to distinguish this from other realised and distributable reserves. The transfer is made after accounting for any element of deferred tax provided for in respect of the revalued property.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Poplars Manufacturing Co. (Studley)
Limited (Registered number: 00465486)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 14,974 1,123 16,097
DEPRECIATION
At 1 April 2023 9,425 1,123 10,548
Charge for year 1,616 - 1,616
At 31 March 2024 11,041 1,123 12,164
NET BOOK VALUE
At 31 March 2024 3,933 - 3,933
At 31 March 2023 5,549 - 5,549

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 750,000
NET BOOK VALUE
At 31 March 2024 750,000
At 31 March 2023 750,000

The directors consider the current market value of the properties to be £750,000. The revaluation has been made accordingly.

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2017 252,765
Valuation in 2023 63,283
Cost 433,952
750,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,786 10,229
Other debtors 2,457 3,518
13,243 13,747

Poplars Manufacturing Co. (Studley)
Limited (Registered number: 00465486)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Payments on account 2,728 2,728
Trade creditors 2,267 -
Taxation and social security 1,461 5,464
Other creditors 6,151 5,829
12,607 14,021

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
5,000 Ordinary shares 1 5,000 5,000

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 478,967 268,921 747,888
Profit for the year 2,368 2,368
At 31 March 2024 481,335 268,921 750,256

The revaluation reserve is stated after provision for the deferred tax that potentially will arise on the future disposals of the investment property at its stated value of £750,000.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A R Morrison.