PTP Accounts Productionv24.3.2.4607416126Board of Directors1.10.2331.3.2431.3.24truefalsetruefalsefalsetruefalseOrdinary1.00000174661174661 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074161262023-09-30074161262024-03-31074161262023-10-012024-03-31074161262022-09-30074161262022-10-012023-09-30074161262023-09-3007416126ns15:EnglandWales2023-10-012024-03-3107416126ns14:PoundSterling2023-10-012024-03-3107416126ns10:Director12023-10-012024-03-3107416126ns10:PrivateLimitedCompanyLtd2023-10-012024-03-3107416126ns10:SmallEntities2023-10-012024-03-3107416126ns10:AuditExempt-NoAccountantsReport2023-10-012024-03-3107416126ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-03-3107416126ns10:SmallCompaniesRegimeForAccounts2023-10-012024-03-3107416126ns10:FullAccounts2023-10-012024-03-3107416126ns10:OrdinaryShareClass12023-10-012024-03-3107416126ns10:Director1412022-09-3007416126ns10:Director1412022-10-012023-09-3007416126ns10:Director22023-10-012024-03-3107416126ns10:RegisteredOffice2023-10-012024-03-3107416126ns5:CurrentFinancialInstruments2024-03-3107416126ns5:CurrentFinancialInstruments2023-09-3007416126ns5:Non-currentFinancialInstruments2024-03-3107416126ns5:Non-currentFinancialInstruments2023-09-3007416126ns5:ShareCapital2024-03-3107416126ns5:ShareCapital2023-09-3007416126ns5:RetainedEarningsAccumulatedLosses2024-03-3107416126ns5:RetainedEarningsAccumulatedLosses2023-09-3007416126ns5:PlantMachinery2023-10-012024-03-3107416126ns5:PlantMachinery2023-09-3007416126ns5:PlantMachinery2024-03-3107416126ns5:PlantMachinery2023-09-3007416126ns5:Subsidiary12023-10-012024-03-31074161261ns5:Subsidiary12023-10-012024-03-3107416126ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107416126ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3007416126ns10:OrdinaryShareClass12024-03-3107416126ns10:Director222023-09-3007416126ns10:Director222022-09-3007416126ns10:Director222023-10-012024-03-3107416126ns10:Director222022-10-012023-09-3007416126ns10:Director222024-03-3107416126ns10:Director222023-09-30

REGISTERED NUMBER: 07416126 (England and Wales)
















Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2024

for


Potrell London Limited


Potrell London Limited (Registered number: 07416126)







Contents of the Financial Statements

for the Period 1 October 2023 to 31 March 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Potrell London Limited


Company Information

for the Period 1 October 2023 to 31 March 2024









DIRECTORS:

Miss J Sobry


R G M Beak







REGISTERED OFFICE:

Capability House


Croughton Road


Aynho


Oxfordshire


OX17 3AT







REGISTERED NUMBER:

07416126 (England and Wales)







ACCOUNTANTS:

Tessa Davidson Limited


The Ashridge Business Centre


121 High Street


Berkhamsted


Hertfordshire


HP4 2DJ


Potrell London Limited (Registered number: 07416126)


Balance Sheet

31 March 2024



2024


2023


Notes

£   

£   


FIXED ASSETS

Tangible assets

4

3,717


7,436



Investments

5

-


-



3,717


7,436




CURRENT ASSETS

Debtors

6

2,771,323


2,948,908



Cash at bank

62,547


77,815



2,833,870


3,026,723



CREDITORS

Amounts falling due within one year

7

(3,650,304

)

(3,794,986

)


NET CURRENT LIABILITIES

(816,434

)

(768,263

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

(812,717

)

(760,827

)



CREDITORS

Amounts falling due after more than one

year

8

(581,292

)

(576,791

)


NET LIABILITIES

(1,394,009

)

(1,337,618

)



CAPITAL AND RESERVES

Called up share capital

9

100


100



Retained earnings

(1,394,109

)

(1,337,718

)


SHAREHOLDERS' FUNDS

(1,394,009

)

(1,337,618

)



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


The members have not required the company to obtain an audit of its financial statements for the period 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.

Potrell London Limited (Registered number: 07416126)


Balance Sheet - continued

31 March 2024



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 6 February 2025 and were signed on its behalf by:






R G M Beak - Director



Potrell London Limited (Registered number: 07416126)


Notes to the Financial Statements

for the Period 1 October 2023 to 31 March 2024


1.

STATUTORY INFORMATION



Potrell London Limited 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.    



Preparation of consolidated financial statements

The financial statements contain information about Potrell London Limited 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.


Related party exemption


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.



Tangible fixed assets


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


Office equipment

-

25% on cost



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.

3.

EMPLOYEES AND DIRECTORS



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


Potrell London Limited (Registered number: 07416126)


Notes to the Financial Statements - continued

for the Period 1 October 2023 to 31 March 2024


4.

TANGIBLE FIXED ASSETS


Office


equipment

£   



COST


At 1 October 2023


and 31 March 2024

163,822




DEPRECIATION


At 1 October 2023

156,386




Charge for period

3,719




At 31 March 2024

160,105




NET BOOK VALUE


At 31 March 2024

3,717




At 30 September 2023

7,436




5.

FIXED ASSET INVESTMENTS



The company's investments at the Balance Sheet date in the share capital of companies include the following:



RBJS Developments Limited


Registered office: Capability House, Croughton Road, Ayhno, Oxfordshire OX17 3AT


Nature of business: Residential property development


%


Class of shares:

holding



Ordinary

100.00



6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Amounts owed by group undertakings

2,670,696


2,845,696




Other debtors

100,627


103,212



2,771,323


2,948,908




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade creditors

(1

)

-




Taxation and social security

12,315


5,852




Other creditors

3,637,990


3,789,134



3,650,304


3,794,986




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2024

2023


£   

£   



Other creditors

581,292


576,791




Potrell London Limited (Registered number: 07416126)


Notes to the Financial Statements - continued

for the Period 1 October 2023 to 31 March 2024


9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



100

Ordinary

1

100


100




10.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to directors subsisted during the period ended 31 March 2024 and the year ended 30 September 2023:


2024

2023


£   

£   



Miss J Sobry


Balance outstanding at start of period

-


173,219




Amounts repaid

-


(173,219

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of period

-


-





Miss J Sobry and R G M Beak


Balance outstanding at start of period

-


174,661




Amounts repaid

-


(174,661

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of period

-


-