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REGISTERED NUMBER: 13840797 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PETRAM TF LTD

PETRAM TF LTD (Registered number: 13840797)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETRAM TF LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A Waring
Mrs S J Waring





REGISTERED OFFICE: Suite 6 141-143 South Road
Haywards Heath
West Sussex
RH16 4LY





REGISTERED NUMBER: 13840797 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

PETRAM TF LTD (Registered number: 13840797)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 595,950 595,950
Investments 5 10 10
595,960 595,960

CURRENT ASSETS
Debtors 6 23,465 22,839
Cash at bank 396,475 322,220
419,940 345,059
CREDITORS
Amounts falling due within one year 7 10,471 6,679
NET CURRENT ASSETS 409,469 338,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,005,429

934,340

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,005,419 934,330
SHAREHOLDERS' FUNDS 1,005,429 934,340

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:




Mr A Waring - Director


PETRAM TF LTD (Registered number: 13840797)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PETRAM TF 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - no depreciation on long life assets

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.

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.

3. EMPLOYEES AND DIRECTORS

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

PETRAM TF LTD (Registered number: 13840797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 595,950
NET BOOK VALUE
At 31 March 2024 595,950
At 31 March 2023 595,950

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 10
NET BOOK VALUE
At 31 March 2024 10
At 31 March 2023 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 23,465 22,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Social security and other taxes 3,763 -
Other creditors 2,340 2,340
Deferred Income 4,368 4,339
10,471 6,679

8. RELATED PARTY DISCLOSURES

Other debtors includes a loan to Bosun Mechanical Services £23,000 which is a related party to the directors of this company.