REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 March 2023 to 31 March 2024 |
for |
Ponga Fern Developments Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 March 2023 to 31 March 2024 |
for |
Ponga Fern Developments Ltd |
Ponga Fern Developments Ltd (Registered number: 12487193) |
Contents of the Financial Statements |
for the Period 1 March 2023 to 31 March 2024 |
Page |
Company information | 1 |
Chartered accountants' report | 2 |
Statement of financial position | 3 | to | 4 |
Notes to the financial statements | 5 | to | 7 |
Ponga Fern Developments Ltd |
Company Information |
for the Period 1 March 2023 to 31 March 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
27 Market Place |
Market Deeping |
Peterborough |
Cambridgeshire |
PE6 8EA |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Ponga Fern Developments Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ponga Fern Developments Ltd for the period ended 31 March 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Ponga Fern Developments Ltd, as a body, in accordance with the terms of our engagement letter dated 16 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Ponga Fern Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Ponga Fern Developments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ponga Fern Developments Ltd and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Ponga Fern Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ponga Fern Developments Ltd. You consider that Ponga Fern Developments Ltd is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Ponga Fern Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
27 Market Place |
Market Deeping |
Peterborough |
Cambridgeshire |
PE6 8EA |
Ponga Fern Developments Ltd (Registered number: 12487193) |
Statement of Financial Position |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Current assets |
Stocks |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | ( |
) | ( |
) |
Accruals and deferred income | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
Ponga Fern Developments Ltd (Registered number: 12487193) |
Statement of Financial Position - continued |
31 March 2024 |
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 |
Ponga Fern Developments Ltd (Registered number: 12487193) |
Notes to the Financial Statements |
for the Period 1 March 2023 to 31 March 2024 |
1. | Statutory information |
Ponga Fern Developments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
Due to a change in the company's year end, the comparative figures cover a period of 12 months, whereas the current financial statements cover a period of 13 months. Therefore the comparative figures may not be entirely comparable. |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered. |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
Stocks |
Stocks are valued at lower of cost and net realisable value. |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
Ponga Fern Developments Ltd (Registered number: 12487193) |
Notes to the Financial Statements - continued |
for the Period 1 March 2023 to 31 March 2024 |
3. | Accounting policies - continued |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
4. | Employees and directors |
The average number of employees during the period was NIL (2023 - NIL). |
5. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 March 2023 |
Additions |
Disposals | ( |
) |
At 31 March 2024 |
Depreciation |
At 1 March 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 28 February 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by related parties |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to related parties |
Taxation and social security |
Other creditors |
Ponga Fern Developments Ltd (Registered number: 12487193) |
Notes to the Financial Statements - continued |
for the Period 1 March 2023 to 31 March 2024 |
8. | Related party disclosures |
As at the balance sheet date £483,086 (2023: £483,381) remains outstanding from Ponga Fern Properties Ltd, a company under common control. |
As at the balance sheet date £2,898 (2023: £2,898) remains outstanding to Clifford Properties Limited, a company under common control. |
As at the balance sheet date £506,627 (2023: £506,627) remains outstanding to PFQ Solutions Ltd, a company under common control. |