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REGISTERED NUMBER: 00521144 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

Nuttalls (Plymouth) Limited

Nuttalls (Plymouth) Limited (Registered number: 00521144)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Nuttalls (Plymouth) Limited

COMPANY INFORMATION
for the year ended 30 June 2024







Director: D B Nuttall





Secretary: Mrs A F Nuttall





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Business address: 25 Seymour Park
Plymouth
Devon
PL3 5BQ





Registered number: 00521144 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Nuttalls (Plymouth) Limited (Registered number: 00521144)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,432 335
Investment property 5 700,000 750,000
701,432 750,335

Current assets
Debtors 6 1,219 1,090
Cash at bank 60,067 69,455
61,286 70,545
Creditors
Amounts falling due within one year 7 15,180 14,618
Net current assets 46,106 55,927
Total assets less current liabilities 747,538 806,262

Provisions for liabilities 8 56,742 59,518
Net assets 690,796 746,744

Capital and reserves
Called up share capital 9 6,000 6,000
Revaluation reserve 10 93,891 115,670
Capital redemption reserve 285,031 285,031
Retained earnings 305,874 340,043
Shareholders' funds 690,796 746,744

Nuttalls (Plymouth) Limited (Registered number: 00521144)

BALANCE SHEET - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





D B Nuttall - Director


Nuttalls (Plymouth) Limited (Registered number: 00521144)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Nuttalls (Plymouth) 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 as modified by the revaluation of investment properties.

Turnover
Turnover represents amounts due in respect of rents and service charges receivable, net of vat, adjusted for amounts in advance or arrears at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Nuttalls (Plymouth) Limited (Registered number: 00521144)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Equipment
£   
Cost
At 1 July 2023 943
Additions 1,350
At 30 June 2024 2,293
Depreciation
At 1 July 2023 608
Charge for year 253
At 30 June 2024 861
Net book value
At 30 June 2024 1,432
At 30 June 2023 335

Nuttalls (Plymouth) Limited (Registered number: 00521144)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2023 750,000
Revaluations (50,000 )
At 30 June 2024 700,000
Net book value
At 30 June 2024 700,000
At 30 June 2023 750,000

The valuation was prepared by the director's estimate of fair value, at the balance sheet date.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 47,050
Valuation in 2023 128,138
Valuation in 2024 (50,000 )
Cost 574,812
700,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,219 1,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,711 7,882
Other creditors 8,469 6,736
15,180 14,618

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 56,742 59,518

Nuttalls (Plymouth) Limited (Registered number: 00521144)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 59,518
Provided during year (2,776 )
Balance at 30 June 2024 56,742

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,000 Ordinary £1 6,000 6,000

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023 115,670
Transfer to revaluation
reserve (21,779 )

At 30 June 2024 93,891

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £1,568 to its director Mr D Nuttall.

12. ULTIMATE CONTROLLING PARTY

The controlling party is D B Nuttall.