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Company Registration No. 00666434 (England and Wales)
Pula Investments Limited Unaudited accounts for the year ended 31 March 2024
Pula Investments Limited Unaudited accounts Contents
Page
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Pula Investments Limited Company Information for the year ended 31 March 2024
Director
Rita Pell
Company Number
00666434 (England and Wales)
Registered Office
Hazelwood Tenterden Grove London NW4 1SX England
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Pula Investments Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
613 
817 
Investment property
1,750,000 
1,750,000 
1,750,613 
1,750,817 
Current assets
Cash at bank and in hand
574,228 
564,095 
Creditors: amounts falling due within one year
(113,653)
(109,209)
Net current assets
460,575 
454,886 
Total assets less current liabilities
2,211,188 
2,205,703 
Provisions for liabilities
Deferred tax
(329,758)
(329,758)
Net assets
1,881,430 
1,875,945 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
1,405,813 
1,405,813 
Profit and loss account
475,517 
470,032 
Shareholders' funds
1,881,430 
1,875,945 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 January 2025 and were signed on its behalf by
Rita Pell Director Company Registration No. 00666434
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Pula Investments Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Pula Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 00666434. The registered office is Hazelwood, Tenterden Grove, London, NW4 1SX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Pula Investments Limited Notes to the Accounts for the year ended 31 March 2024
Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
18,500 
At 31 March 2024
18,500 
Depreciation
At 1 April 2023
17,683 
Charge for the year
204 
At 31 March 2024
17,887 
Net book value
At 31 March 2024
613 
At 31 March 2023
817 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,750,000 
At 31 March 2024
1,750,000 
The 2024 valuations were made by the director, Mrs. Rita Pell an experienced property investor, on an open market value for existing use basis.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,335 
3,486 
Other creditors
110,158 
103,563 
Accruals
2,160 
2,160 
113,653 
109,209 
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Pula Investments Limited Notes to the Accounts for the year ended 31 March 2024
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
329,758 
329,758 
2024 
2023 
£ 
£ 
Provision at start of year
329,758 
329,758 
Provision at end of year
329,758 
329,758 
8
Transactions with related parties
Included in other creditors is £110,158 (2023: £103,033) owed to the director.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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