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REGISTERED NUMBER: 10465615 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2022 to 12 December 2023

for

Putterills Management Ltd

Putterills Management Ltd (Registered number: 10465615)

Contents of the Financial Statements
for the Period 1 October 2022 to 12 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Putterills Management Ltd

Company Information
for the Period 1 October 2022 to 12 December 2023







DIRECTORS: Mrs T K Kosmalski
Mr R Stokes
Mr J G Godfrey





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 63 High Street
Old Town
Stevenage
Hertfordshire
SG1 3AQ





REGISTERED NUMBER: 10465615 (England and Wales)

Putterills Management Ltd (Registered number: 10465615)

Balance Sheet
12 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 368,419 368,419

CURRENT ASSETS
Cash at bank - 166

CREDITORS
Amounts falling due within one year 6 22,232 2,454
NET CURRENT LIABILITIES (22,232 ) (2,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,187

366,131

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 346,185 366,129
346,187 366,131

Putterills Management Ltd (Registered number: 10465615)

Balance Sheet - continued
12 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 12 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 12 December 2023 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 Income Statement has not been delivered.

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




Mrs T K Kosmalski - Director Mr R Stokes - Director




Mr J G Godfrey - Director


Putterills Management Ltd (Registered number: 10465615)

Notes to the Financial Statements
for the Period 1 October 2022 to 12 December 2023


1. STATUTORY INFORMATION

Putterills Management Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Putterills Management Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Investments in subsidiaries:
Deferred consideration due on investments in subsidiary undertakings have been discounted at a rate of 3% per annum.

Investments in subsidiaries
Investments in subsidiaries are recognised at cost. The cost of investment is the total of historic consideration paid and the discounted valuation of any deferred consideration due at the date of purchase.

Putterills Management Ltd (Registered number: 10465615)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 12 December 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

Putterills Management Ltd (Registered number: 10465615)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 12 December 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 October 2022
and 12 December 2023 368,419
NET BOOK VALUE
At 12 December 2023 368,419
At 30 September 2022 368,419

Cost or valuation at 12 December 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2018 72,425
Valuation in 2020 (15,082 )
Cost 311,076
368,419

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 22,232 2,454

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The parent company is Putterills Holdings Limited. Putterills Holdings Limited is a company registered in England and Wales and whose registered office is Lewis House, Great Chesterford Court, Great Chesterford, Essex, United Kingdom, CB10 1PF.