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REGISTERED NUMBER: 01320484 (England and Wales)

















The Pudsey Motorcycle Company Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






The Pudsey Motorcycle Company Limited (Registered number: 01320484)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Pudsey Motorcycle Company Limited

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mrs P Craven
Mr J A Holmes





REGISTERED OFFICE: 73 Otley Road
Harrogate
North Yorkshire
HG2 0DW





REGISTERED NUMBER: 01320484 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

The Pudsey Motorcycle Company Limited (Registered number: 01320484)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 475,000 475,000

CURRENT ASSETS
Cash at bank 1,869 1,941

CREDITORS
Amounts falling due within one year 5 37,952 35,239
NET CURRENT LIABILITIES (36,083 ) (33,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,917

441,702

CREDITORS
Amounts falling due after more than one
year

6

(4,000

)

(4,000

)

PROVISIONS FOR LIABILITIES (56,914 ) (56,914 )
NET ASSETS 378,003 380,788

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Revaluation reserve 7 360,541 360,541
Retained earnings 13,462 16,247
SHAREHOLDERS' FUNDS 378,003 380,788

The Pudsey Motorcycle Company Limited (Registered number: 01320484)

BALANCE SHEET - continued
31 July 2024


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

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

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




Mrs P Craven - Director



Mr J A Holmes - Director


The Pudsey Motorcycle Company Limited (Registered number: 01320484)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

The Pudsey Motorcycle Company 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 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 the value of rents receivable.

Tangible fixed assets
No depreciation is calculated on Freehold Land. Depreciation on Freehold Buildings is calculated so as to write off the cost less the residual value over the useful economic life of the building to the business. The directors expect the residual values of the buildings to be equal to or greater than the cost resulting in the depreciation charge not being material.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

The Pudsey Motorcycle Company Limited (Registered number: 01320484)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2023
and 31 July 2024 475,000
NET BOOK VALUE
At 31 July 2024 475,000
At 31 July 2023 475,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 5,258 5,268
Directors' current accounts 24,971 22,299
Accruals and deferred income 7,723 7,672
37,952 35,239

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Preference shares 4,000 4,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 4,000 4,000

7. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 360,541