Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-308No description of principal activity2023-07-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00387139 2023-07-01 2024-06-30 00387139 2022-01-01 2023-06-30 00387139 2024-06-30 00387139 2023-06-30 00387139 c:Director1 2023-07-01 2024-06-30 00387139 c:Director2 2023-07-01 2024-06-30 00387139 c:RegisteredOffice 2023-07-01 2024-06-30 00387139 d:Buildings 2024-06-30 00387139 d:Buildings 2023-06-30 00387139 d:CurrentFinancialInstruments 2024-06-30 00387139 d:CurrentFinancialInstruments 2023-06-30 00387139 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00387139 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00387139 d:ShareCapital 2024-06-30 00387139 d:ShareCapital 2023-06-30 00387139 d:SharePremium 2024-06-30 00387139 d:SharePremium 2023-06-30 00387139 d:RevaluationReserve 2024-06-30 00387139 d:RevaluationReserve 2023-06-30 00387139 d:RetainedEarningsAccumulatedLosses 2024-06-30 00387139 d:RetainedEarningsAccumulatedLosses 2023-06-30 00387139 c:FRS102 2023-07-01 2024-06-30 00387139 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 00387139 c:FullAccounts 2023-07-01 2024-06-30 00387139 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00387139 5 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 00387139







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


PITTER BROS. LIMITED






































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PITTER BROS. LIMITED
 


 
COMPANY INFORMATION


Directors
Stephen M Pitter 
Christopher J Pitter 




Registered number
00387139



Registered office
Botley Road Garage
Botley Road

West End

Southampton

Hampshire

SO30 3HA




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


PITTER BROS. LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


PITTER BROS. LIMITED
REGISTERED NUMBER:00387139



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
375,000
375,000

  
375,000
375,000

Current assets
  

Debtors: amounts falling due within one year
 6 
1,091,000
394,785

Cash at bank and in hand
  
4,376
702,298

  
1,095,376
1,097,083

Creditors: amounts falling due within one year
 7 
(1,500)
-

Net current assets
  
 
 
1,093,876
 
 
1,097,083

Total assets less current liabilities
  
1,468,876
1,472,083

Provisions for liabilities
  

Deferred tax
  
-
(12,014)

  
 
 
-
 
 
(12,014)

Net assets
  
1,468,876
1,460,069

Page 1

 


PITTER BROS. LIMITED
REGISTERED NUMBER:00387139


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
1
2,000

Share premium account
  
-
9,721

Revaluation reserve
  
275,918
275,918

Profit and loss account
  
1,192,957
1,172,430

  
1,468,876
1,460,069


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Stephen M Pitter
Director

Date: 28 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PITTER BROS. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Pitter Bros. Limited is a private company limited by shares incorporated in England. The address of its registered office, which is the same as its principal place of business, is disclosed on the company information page.
The comparative figures are for an 18 month period and therefore not directly comparable, which should be taken into account when reviewing these accounts. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The company ceased to trade on 31 March 2023 with assets and liabilities being transferred up to the parent company at their carrying amounts. As required by UK accounting standards, the directors have prepared these financial statements on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


PITTER BROS. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The only asset at the balance sheet date is Freehold Land and so no depreciation is recognised in these financial statements.



The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


PITTER BROS. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 8).


4.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 8).

Page 5

 


PITTER BROS. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Tangible fixed assets





Freehold land

£



Cost or valuation


At 1 July 2023
375,000



At 30 June 2024

375,000






Net book value



At 30 June 2024
375,000



At 30 June 2023
375,000


6.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
1,091,000
394,785

1,091,000
394,785



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
1,500
-

1,500
-


 
Page 6