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REGISTERED NUMBER: 02105101 (England and Wales)




























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PODMORE PROPERTY LTD

PODMORE PROPERTY LTD (REGISTERED NUMBER: 02105101)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

PODMORE PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs J A Fraser
Ms V A Podmore



REGISTERED OFFICE: Suite 204 Ashton Old Baths
Stamford Street West
Ashton under Lyne
Lancashire
OL6 7FW



REGISTERED NUMBER: 02105101 (England and Wales)



ACCOUNTANTS: Hanley & Co
Chartered Accountants
Suite 204 Ashton Old Baths
Stamford Street West
Ashton under Lyne
OL6 7FW



BANKERS: Yorkshire Bank PLC
34 Princes Street
Stockport
Cheshire
SK1 1RE

PODMORE PROPERTY LTD (REGISTERED NUMBER: 02105101)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 284,800 284,800

CURRENT ASSETS
Debtors 2,045 16,688
Cash at bank 92,515 92,256
94,560 108,944
CREDITORS
Amounts falling due within one year 18,331 18,629
NET CURRENT ASSETS 76,229 90,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,029

375,115

PROVISIONS FOR LIABILITIES 34,885 34,885
NET ASSETS 326,144 340,230

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 5 183,605 183,605
Retained earnings 112,539 126,625
SHAREHOLDERS' FUNDS 326,144 340,230

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

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

PODMORE PROPERTY LTD (REGISTERED NUMBER: 02105101)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2025 and were signed on its behalf by:





Mrs J A Fraser - Director


PODMORE PROPERTY LTD (REGISTERED NUMBER: 02105101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Podmore Property 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rent.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold buildings No depreciation

The directors have considered the current value of the building, it's ultimate residual value and it's expected useful life. They consider that any depreciation charge calculation on the buildings would be an insignificant amount and they therefore do not consider it necessary to provide for depreciation in the accounts.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 284,800
NET BOOK VALUE
At 31 August 2024 284,800
At 31 August 2023 284,800

Cost or valuation at 31 August 2024 is represented by:

Totals
£   
Valuation in 2001 196,866
Valuation in 2005 116,740
Valuation in 2012 (65,000 )
Valuation in 2015 (65,000 )
Cost 101,194
284,800

PODMORE PROPERTY LTD (REGISTERED NUMBER: 02105101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

If Freehold Land and Buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 76,394 76,394

Freehold Land and Buildings were valued on an open market basis on 20 May 2005 by Impey & Co Chartered Valuation Surveyors .

This was revised by the Directors in 2015 bearing in mind current market condition.

5. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 183,605

6. RELATED PARTY DISCLOSURES

Creditors : amounts falling due within one year - includes interest free directors loans of £13,716 (£13,716 - 2023).

A loan to a closely related company was written off during the accounting period.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PODMORE PROPERTY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Podmore Property Ltd for the year ended 31 August 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Podmore Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Podmore Property Ltd and state those matters that we have agreed to state to the Board of Directors of Podmore Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Podmore Property Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Podmore Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Podmore Property Ltd. You consider that Podmore Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Podmore Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hanley & Co
Chartered Accountants
Suite 204 Ashton Old Baths
Stamford Street West
Ashton under Lyne
OL6 7FW


26 January 2025