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REGISTERED NUMBER: 01667056
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

POWDERTREE LIMITED

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POWDERTREE LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: Mr N Womersley
Mrs A Womersley





SECRETARY: Mrs A Womersley





REGISTERED OFFICE: 1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB





REGISTERED NUMBER: 01667056





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 388 49
Investments 5 3 159,000
Investment property 6 1,880,000 475,000
1,880,391 634,049

CURRENT ASSETS
Debtors 7 70,671 1,338,229
Cash at bank 27,540 16,925
98,211 1,355,154
CREDITORS
Amounts falling due within one year 8 42,136 11,949
NET CURRENT ASSETS 56,075 1,343,205
TOTAL ASSETS LESS CURRENT LIABILITIES 1,936,466 1,977,254

CREDITORS
Amounts falling due after more than one
year

9

(1,546,600

)

(1,546,600

)

PROVISIONS FOR LIABILITIES (17,196 ) (5,468 )
NET ASSETS 372,670 425,186

CAPITAL AND RESERVES
Called up share capital 11 181 181
Share premium 52,969 52,969
Revaluation reserve 58,198 58,198
Retained earnings 261,322 313,838
SHAREHOLDERS' FUNDS 372,670 425,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

BALANCE SHEET - continued
30 April 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 23 October 2024 and were signed on its behalf by:





Mr N Womersley - Director


POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Powdertree Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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 ) .

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,804 1,654 5,090 8,548
Additions - - 469 469
At 30 April 2024 1,804 1,654 5,559 9,017
DEPRECIATION
At 1 May 2023 1,794 1,653 5,052 8,499
Charge for year 3 - 127 130
At 30 April 2024 1,797 1,653 5,179 8,629
NET BOOK VALUE
At 30 April 2024 7 1 380 388
At 30 April 2023 10 1 38 49

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 159,000
Disposals (158,997 )
At 30 April 2024 3
NET BOOK VALUE
At 30 April 2024 3
At 30 April 2023 159,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 475,000
Additions 1,405,000
At 30 April 2024 1,880,000
NET BOOK VALUE
At 30 April 2024 1,880,000
At 30 April 2023 475,000

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


6. INVESTMENT PROPERTY - continued

Land and buildings is stated at the last valuation and is not amortised as the directors consider that the buildings are well maintained and do not depreciate.

In the year the company acquired an additional property to the value of £1,405,000, this was valued at market rate at the time of transfer from the companies subsidiary.

In the director's opinion the market value of the total land and buildings held as at 30/04/2024 is £1,880,000 (2023: £475,000).

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings - 232,779
Other debtors 70,671 75,450
70,671 308,229

Amounts falling due after more than one year:
Amounts owed by group undertakings - 1,030,000

Aggregate amounts 70,671 1,338,229

In the year, the loan with DFW Litlington Limited was repaid as part of the purchase of property from the company - therefore there is no longer a balance due to the company as at 30.04.2024 (2023 - £232,778 within 1 year, and £1,030,000 due over 1 year)

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 566 -
Other creditors 41,570 11,949
42,136 11,949

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,546,600 1,546,600

10. SECURED DEBTS

Bank loans and overdrafts are secured by a charge over the properties of Powdertree Limited. In addition to this there is a personal guarantee by director Mr N Womersley in the amount of £50,000.

POWDERTREE LIMITED (REGISTERED NUMBER: 01667056)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
181 Ordinary £1 181 181

12. RELATED PARTY DISCLOSURES

D.F.W. Litlington Limited
Subsidiary Company

Due to the transfer of the properties from D.F.W. Litlington, to Powdertree Limited in the year there is no longer any aged balance owed between the two entities as at 30.04.2024.

Prior to the transfer D.F.W Litlington was charged £15,073 (2023: £69,240) in respect of loan interest.

2024 2023
£ £
Amount due from related party at the balance sheet date - 1,228,820