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REGISTERED NUMBER: 10800792 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Puffin Park Ltd

Puffin Park Ltd (Registered number: 10800792)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Puffin Park Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr J C Williams-Ellis





REGISTERED OFFICE: Glasfryn Parc
Y Ffor
Pwllheli
Gwynedd
LL53 6PG





REGISTERED NUMBER: 10800792 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Puffin Park Ltd (Registered number: 10800792)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,372 2,964

CURRENT ASSETS
Cash in hand 150 150

CREDITORS
Amounts falling due within one year 5 126,507 125,840
NET CURRENT LIABILITIES (126,357 ) (125,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(123,985

)

(122,726

)

PROVISIONS FOR LIABILITIES 451 563
NET LIABILITIES (124,436 ) (123,289 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (124,536 ) (123,389 )
(124,436 ) (123,289 )

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 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.

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 2 June 2025 and were signed by:





Mr J C Williams-Ellis - Director


Puffin Park Ltd (Registered number: 10800792)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Puffin Park 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
The company has ceased trading on 4 November 2019 and the financial statements have been prepared on a basis other than that of the going concern basis. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

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 - NIL).

Puffin Park Ltd (Registered number: 10800792)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 11,307
DEPRECIATION
At 1 January 2024 8,343
Charge for year 592
At 31 December 2024 8,935
NET BOOK VALUE
At 31 December 2024 2,372
At 31 December 2023 2,964

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 8,440 8,440
Taxation and social security 15,925 15,925
Other creditors 102,142 101,475
126,507 125,840

6. RELATED PARTY DISCLOSURES

Loans totalling £667 were provided to the company from the sole director during the 12 month period to the balance sheet date. The total loan received by the company from the director at the balance sheet date was £2,586. No interest was charged on the loan.

The balance of the loan to Glasfryn Parc Limited was £99,000 at the balance sheet date. No interest was charged on the loan.