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Registered number: 14189510
PTT Hospitality Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Figure Fairy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14189510
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,974 85,422
57,974 85,422
CURRENT ASSETS
Stocks 5 13,115 13,000
Debtors 6 35,435 17,202
Cash at bank and in hand 6,716 24,835
55,266 55,037
Creditors: Amounts Falling Due Within One Year 7 (144,245 ) (193,172 )
NET CURRENT ASSETS (LIABILITIES) (88,979 ) (138,135 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,005 ) (52,713 )
Creditors: Amounts Falling Due After More Than One Year 8 (8,000 ) (8,000 )
NET LIABILITIES (39,005 ) (60,713 )
CAPITAL AND RESERVES
Called up share capital 9 110 110
Profit and Loss Account (39,115 ) (60,823 )
SHAREHOLDERS' FUNDS (39,005) (60,713)
Page 1
Page 2
For the year ending 30 June 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Ellen Pitt
Director
4 August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PTT Hospitality Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14189510 . The registered office is 19A Normandy Way, Bodmin, Cornwall, PL31 1RB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Total liabilities exceed current assets at the balance sheet date. The directors consider, however, that the company has sufficient liquid assets to meet its liabilities, together with their support and the ongoing support of the creditors. Accordingly, the directors consider that it is appropriate to prepare the accounts on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 25% Reducing balance method
Plant & Machinery 25% Reducing balance method
Motor Vehicles 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
Computer Equipment Straight line method over 3 years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2024: 28)
22 28
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2024 62,440 18,143 22,323 31,098
Additions 778 3,844 - -
Disposals - - (22,323 ) -
As at 30 June 2025 63,218 21,987 - 31,098
Depreciation
As at 1 July 2024 25,366 6,365 9,069 12,460
Provided during the period 9,350 3,122 (9,069 ) 4,660
Disposals - - - -
As at 30 June 2025 34,716 9,487 - 17,120
Net Book Value
As at 30 June 2025 28,502 12,500 - 13,978
As at 1 July 2024 37,074 11,778 13,254 18,638
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Computer Equipment Total
£ £
Cost
As at 1 July 2024 5,600 139,604
Additions 250 4,872
Disposals (200 ) (22,523 )
As at 30 June 2025 5,650 121,953
Depreciation
As at 1 July 2024 922 54,182
Provided during the period 1,856 9,919
Disposals (122 ) (122 )
As at 30 June 2025 2,656 63,979
Net Book Value
As at 30 June 2025 2,994 57,974
As at 1 July 2024 4,678 85,422
5. Stocks
2025 2024
£ £
Stock 13,115 13,000
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 2,093 1,033
Directors' loan accounts 20,939 8,104
Called up share capital not paid 30 30
23,062 9,167
Due after more than one year
Other debtors 5,306 5,300
Corporation tax recoverable assets 7,067 2,735
12,373 8,035
35,435 17,202
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 30,414 75,384
Corporation tax 8,932 2,735
Other taxes and social security 25,157 41,856
VAT 31,908 62,816
Net wages - 7,123
Other creditors 2,351 2,384
Credit Card 41,340 -
Accruals and deferred income 4,143 874
144,245 193,172
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 8,000 8,000
9. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 30 30
Called Up Share Capital has been paid up 80 80
Amount of Allotted, Called Up Share Capital 110 110
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 30 June 2025
£ £ £ £ £
Mr Paul Pitt 4,052 - - - -
Mrs Ellen Pitt 4,052 - - - -
The above loan is unsecured, interest free and repayable on demand.
11. Controlling Party
The company's controlling party is Mrs Ellen Pitt by virtue of her ownership of 73% of the issued share capital in the company.
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