Company Registration No. 10458768 (England and Wales)
The Pilates Quarter Limited
Unaudited accounts
for the year ended 30 November 2024
The Pilates Quarter Limited
Unaudited accounts
Contents
The Pilates Quarter Limited
Company Information
for the year ended 30 November 2024
Directors
Mr Phillip Ward
Mrs Elaine Ward
Company Number
10458768 (England and Wales)
Registered Office
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
United Kingdom
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
The Pilates Quarter Limited
Statement of financial position
as at 30 November 2024
Tangible assets
53,914
9,778
Cash at bank and in hand
44,464
81,189
Creditors: amounts falling due within one year
(61,702)
(70,940)
Net current (liabilities)/assets
(9,738)
10,874
Total assets less current liabilities
44,176
20,652
Creditors: amounts falling due after more than one year
(9,750)
(18,750)
Provisions for liabilities
Deferred tax
(1,857)
(1,857)
Called up share capital
2
2
Profit and loss account
32,567
43
Shareholders' funds
32,569
45
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2025 and were signed on its behalf by
Mr Phillip Ward
Director
Company Registration No. 10458768
The Pilates Quarter Limited
Notes to the Accounts
for the year ended 30 November 2024
The Pilates Quarter Limited is a private company, limited by shares, registered in England and Wales, registration number 10458768. The registered office is School Master's House, 39 College Street, Petersfield, Hampshire, GU31 4AG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The Pilates Quarter Limited
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
40,670
237
1,327
42,234
Additions
62,108
-
-
62,108
At 30 November 2024
102,778
237
1,327
104,342
At 1 December 2023
31,556
196
704
32,456
Charge for the year
17,806
10
156
17,972
At 30 November 2024
49,362
206
860
50,428
At 30 November 2024
53,416
31
467
53,914
At 30 November 2023
9,114
41
623
9,778
Amounts falling due within one year
Accrued income and prepayments
-
625
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,500
7,500
Taxes and social security
12,142
28,870
Other creditors
10,947
10,308
Loans from directors
440
10,168
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).