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REGISTERED NUMBER: 08146907 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PODPEA LTD

PODPEA LTD (REGISTERED NUMBER: 08146907)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PODPEA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: P Cotterell





REGISTERED OFFICE: Firholme
Elton Park
Hadleigh Road
Ipswich
Suffolk
IP2 0DG





REGISTERED NUMBER: 08146907 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

PODPEA LTD (REGISTERED NUMBER: 08146907)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 113,317 112,641

CURRENT ASSETS
Stocks - 250
Debtors 5 15,485 10,785
Investments 6 121,849 51,910
Cash at bank 21,071 23,122
158,405 86,067
CREDITORS
Amounts falling due within one year 7 144,698 108,533
NET CURRENT ASSETS/(LIABILITIES) 13,707 (22,466 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,024

90,175

CREDITORS
Amounts falling due after more than one
year

8

(33,533

)

(8,615

)

PROVISIONS FOR LIABILITIES (1,834 ) (784 )
NET ASSETS 91,657 80,776

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 17,576 (8,933 )
Retained earnings 74,080 89,708
91,657 80,776

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PODPEA LTD (REGISTERED NUMBER: 08146907)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 28 April 2025 and were signed by:





P Cotterell - Director


PODPEA LTD (REGISTERED NUMBER: 08146907)

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

1. STATUTORY INFORMATION

Podpea Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 5% on reducing balance
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

PODPEA LTD (REGISTERED NUMBER: 08146907)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 114,586 19,073 133,659
Additions - 7,973 7,973
At 31 July 2024 114,586 27,046 141,632
DEPRECIATION
At 1 August 2023 6,072 14,946 21,018
Charge for year 4,849 2,448 7,297
At 31 July 2024 10,921 17,394 28,315
NET BOOK VALUE
At 31 July 2024 103,665 9,652 113,317
At 31 July 2023 108,514 4,127 112,641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15,485 10,785

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 121,849 51,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,056 3,056
Hire purchase contracts 1,700 -
Trade creditors 2 2
Taxation and social security 125,940 104,403
Other creditors 4,000 1,072
144,698 108,533

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,559 8,615
Hire purchase contracts 2,974 -
33,533 8,615

PODPEA LTD (REGISTERED NUMBER: 08146907)

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

9. RESERVES
Fair
value
reserve
£   
At 1 August 2023 (8,933 )
Investment Revaluation 26,509

At 31 July 2024 17,576

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director £3,199 (2022 - £272) in respect of his loan account. This loan is interest free and repayable on demand.