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REGISTERED NUMBER: 10137877 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Little Pumpkin Properties Limited

Little Pumpkin Properties Limited (Registered number: 10137877)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Little Pumpkin Properties Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J G Ashley-Cowan





SECRETARY: Mrs C Ashley-Cowan





REGISTERED OFFICE: Priority House
8 Turret Lane
Ipswich
Suffolk
IP4 1DL





REGISTERED NUMBER: 10137877 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Little Pumpkin Properties Limited (Registered number: 10137877)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 550,000 550,000

CURRENT ASSETS
Cash at bank 145,962 95,671

CREDITORS
Amounts falling due within one year 5 247,675 230,466
NET CURRENT LIABILITIES (101,713 ) (134,795 )
TOTAL ASSETS LESS CURRENT LIABILITIES 448,287 415,205

CREDITORS
Amounts falling due after more than one
year

6

(44,502

)

(51,361

)

PROVISIONS FOR LIABILITIES 8 (34,430 ) (34,062 )
NET ASSETS 369,355 329,782

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 50,074 50,074
Retained earnings 10 319,181 279,608
SHAREHOLDERS' FUNDS 369,355 329,782

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.

Little Pumpkin Properties Limited (Registered number: 10137877)

Statement of Financial Position - 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 director and authorised for issue on 17 July 2025 and were signed by:





J G Ashley-Cowan - Director


Little Pumpkin Properties Limited (Registered number: 10137877)

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

1. STATUTORY INFORMATION

Little Pumpkin Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank loans and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.


Little Pumpkin Properties Limited (Registered number: 10137877)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 550,000
NET BOOK VALUE
At 31 December 2024 550,000
At 31 December 2023 550,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2020 7,573
Valuation in 2023 50,000
Cost 492,427
550,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 492,427 492,427

Investment property was valued on an open market basis on 31 December 2024 by the director .

Little Pumpkin Properties Limited (Registered number: 10137877)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,859 6,558
Trade creditors 1,856 2,124
Amounts owed to related company 184,871 174,909
Taxation and social security 11,319 11,019
Other creditors 42,770 35,856
247,675 230,466

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 44,502 51,361

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 13,771 21,978

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 51,361 57,919

The security provided is that of a fixed and floating charge over the assets and undertaking of the company.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 26,931 26,563
Investment property gain 7,499 7,499
34,430 34,062

Deferred
tax
£   
Balance at 1 January 2024 34,062
Charged to Income Statement 368
Balance at 31 December 2024 34,430

Little Pumpkin Properties Limited (Registered number: 10137877)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 279,608 50,074 329,682
Profit for the year 39,573 - 39,573
At 31 December 2024 319,181 50,074 369,255

11. RELATED PARTY DISCLOSURES

The company rents property to a related company, Priority Business Limited. The rent received during the year from the related company was £45,000 (2023 - £45,000).

Included within creditors due within one year is £184,871 (2023 - £174,909) owed to a related company, Priority Business Limited. This amount is repayable on demand and carries interest at bank base rate plus 0.5% per annum. Interest charges of £9,962 (2023 - £8,769) were accrued during the year, and have been added to the outstanding loan balance.