P T Partnerships Limited 08029010 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of business consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 08029010 2023-05-01 2024-04-30 08029010 2024-04-30 08029010 core:CurrentFinancialInstruments 2024-04-30 08029010 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08029010 core:OfficeEquipment 2024-04-30 08029010 bus:SmallEntities 2023-05-01 2024-04-30 08029010 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08029010 bus:FilletedAccounts 2023-05-01 2024-04-30 08029010 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08029010 bus:RegisteredOffice 2023-05-01 2024-04-30 08029010 bus:Director1 2023-05-01 2024-04-30 08029010 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08029010 core:OfficeEquipment 2023-05-01 2024-04-30 08029010 countries:EnglandWales 2023-05-01 2024-04-30 08029010 2023-04-30 08029010 core:OfficeEquipment 2023-04-30 08029010 2022-05-01 2023-04-30 08029010 2023-04-30 08029010 core:CurrentFinancialInstruments 2023-04-30 08029010 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08029010 core:OfficeEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 08029010

P T Partnerships Limited
Annual Report and
Unaudited Financial Statements

30 April 2024

 

P T Partnerships Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

P T Partnerships Limited

Balance Sheet
30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

82

Current assets

 

Debtors

2,600

2,000

Cash at bank and in hand

 

33

25

 

2,633

2,025

Creditors: Amounts falling due within one year

5

(2,296)

(2,773)

Net current assets/(liabilities)

 

337

(748)

Net assets/(liabilities)

 

337

(666)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

336

(667)

Shareholders' funds/(deficit)

 

337

(666)

 

P T Partnerships Limited

Balance Sheet
30 April 2024

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 January 2025
 

.........................................
Miss P Tulip
Director

Company Registration Number: 08029010

 

P T Partnerships Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
37 Old Kiln Lane
Bolton
BL1 5EU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company has the continued support of the director.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

P T Partnerships Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 

P T Partnerships Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

1,746

1,746

At 30 April 2024

1,746

1,746

Depreciation

At 1 May 2023

1,664

1,664

Charge for the year

82

82

At 30 April 2024

1,746

1,746

Carrying amount

At 30 April 2024

-

-

At 30 April 2023

82

82

 

P T Partnerships Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

38

-

Accruals and deferred income

950

912

Other creditors

1,308

1,861

2,296

2,773