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Registration number: 01119605

P R Allum Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

P R Allum Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

P R Allum Limited

Company Information

Director

Mr Thomas Edward Allum

Registered office

Abbey Labels
Lamdin Road
Bury St Edmunds
Suffolk
IP32 6NU

Accountants

Scrutton Bland Limited
Chartered Accountants59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

 

P R Allum Limited

(Registration number: 01119605)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,519,262

1,548,147

Investments

5

2

2

 

1,519,264

1,548,149

Current assets

 

Debtors

6

437,020

437,020

Cash at bank and in hand

 

679,362

503,333

 

1,116,382

940,353

Creditors: Amounts falling due within one year

7

(42,709)

(35,500)

Net current assets

 

1,073,673

904,853

Total assets less current liabilities

 

2,592,937

2,453,002

Provisions for liabilities

(3,237)

(1,500)

Net assets

 

2,589,700

2,451,502

Capital and reserves

 

Called up share capital

8

70,000

70,000

Retained earnings

2,519,700

2,381,502

Shareholders' funds

 

2,589,700

2,451,502

For the financial year ending 30 June 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 his 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 and 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 28 March 2025
 

.........................................
Mr Thomas Edward Allum
Director

 

P R Allum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
Abbey Labels
Lamdin Road
Bury St Edmunds
Suffolk
IP32 6NU
United Kingdom

These financial statements were authorised for issue by the director on 28 March 2025.

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by section 399 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the rental income received by the company. 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.

Tax

The tax expense for the period comprises current and deferred 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.

 

P R Allum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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

Buildings

50 years straight line

Fixtures and fittings

25% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

 

P R Allum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

1,744,268

33,787

1,778,055

At 30 June 2024

1,744,268

33,787

1,778,055

Depreciation

At 1 July 2023

196,121

33,787

229,908

Charge for the year

28,885

-

28,885

At 30 June 2024

225,006

33,787

258,793

Carrying amount

At 30 June 2024

1,519,262

-

1,519,262

At 30 June 2023

1,548,147

-

1,548,147

Included within the net book value of land and buildings above is £1,519,262 (2023 - £1,548,147) in respect of freehold land and buildings.
 

 

P R Allum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

2

2

Subsidiaries

£

Cost or valuation

At 1 July 2023

2

Provision

Carrying amount

At 30 June 2024

2

At 30 June 2023

2

6

Debtors

2024
£

2023
£

Other debtors

437,020

437,020

437,020

437,020

Details of non-current trade and other debtors

£93,404 (2023 -£93,404) of other debtors is classified as non current.

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,800

-

Taxation and social security

39,659

34,250

Accruals and deferred income

1,250

1,250

42,709

35,500

 

P R Allum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

70,000

70,000

70,000

70,000

       

9

Related party transactions

Other transactions with the director

The director has been provided with an interest free loan in the sum of £343,615 (2023 - £343,615) which is repayable on demand.

Summary of transactions with parent

A cross guarantee and debenture over the assets of the company exists in support of a loan made to the parent company of £525,000 (2023 - £1,025,000).

10

Parent and ultimate parent undertaking

The company's immediate parent is T E Allum Limited, incorporated in England and Wales.