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REGISTERED NUMBER: 01666942 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

POETHURST LIMITED

POETHURST LIMITED (REGISTERED NUMBER: 01666942)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POETHURST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P Orpwood
K T Orpwood





SECRETARY: C M Orpwood





REGISTERED OFFICE: Carlton House
28/29 Carlton Terrace
Portslade
East Sussex
BN41 1UR





REGISTERED NUMBER: 01666942 (England and Wales)





ACCOUNTANTS: Haines & Co
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR

POETHURST LIMITED (REGISTERED NUMBER: 01666942)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 75,541 74,571
Investment property 7 37,000 -
112,541 74,571

CURRENT ASSETS
Cash at bank 44,646 6,516

CREDITORS
Amounts falling due within one year 8 14,734 2,183
NET CURRENT ASSETS 29,912 4,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,453

78,904

PROVISIONS FOR LIABILITIES 1,353 274
NET ASSETS 141,100 78,630

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 9 141,060 78,590
SHAREHOLDERS' FUNDS 141,100 78,630

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

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

POETHURST LIMITED (REGISTERED NUMBER: 01666942)

BALANCE SHEET - continued
31 DECEMBER 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 7 March 2025 and were signed on its behalf by:





P Orpwood - Director


POETHURST LIMITED (REGISTERED NUMBER: 01666942)

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

1. STATUTORY INFORMATION

Poethurst 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the value of services provided and rents received net of value added tax.

Goodwill
Goodwill which was acquired in 1998 has been fully written off.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with FRS 102 1A "small entities" no depreciation is provided in respect of Investment property.

Taxation
Taxation for the year 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 year 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.

POETHURST LIMITED (REGISTERED NUMBER: 01666942)

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

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 37,249
AMORTISATION
At 1 January 2024
and 31 December 2024 37,249
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 73,400 19,479 22,209 115,088
Additions - 5,335 1,099 6,434
At 31 December 2024 73,400 24,814 23,308 121,522
DEPRECIATION
At 1 January 2024 10,364 9,796 20,357 40,517
Charge for year 1,468 3,350 646 5,464
At 31 December 2024 11,832 13,146 21,003 45,981
NET BOOK VALUE
At 31 December 2024 61,568 11,668 2,305 75,541
At 31 December 2023 63,036 9,683 1,852 74,571

7. INVESTMENT PROPERTY
Total
£   
COST
Additions 37,000
At 31 December 2024 37,000
NET BOOK VALUE
At 31 December 2024 37,000


POETHURST LIMITED (REGISTERED NUMBER: 01666942)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 11,607 105
Other creditors 500 500
Directors' current accounts 1,907 858
Accrued expenses 720 720
14,734 2,183

9. RESERVES
Retained
earnings
£   

At 1 January 2024 78,590
Profit for the year 64,470
Dividends (2,000 )
At 31 December 2024 141,060

10. ULTIMATE CONTROLLING PARTY

The Company is controlled by Mr & Mrs Orpwood the Directors by virtue of their interests in the Company's issue share capital.