Registration number: 03741755

Petticoat Management Team Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Petticoat Management Team Limited

Company Information

Directors

Mrs B D Stevens Mrs A Bushell Mr G R Howard Mr J A Hugosson Mr E Hovland

Company secretary

Oakwood Corporate Secretary Limited

Registered office

The Coach House Ryeford Road Stonehouse Gloucestershire GL10 3HG

Accountants

Harbour Key Limited Midway House Herrick Way Staverton Cheltenham GL51 6TQ

Petticoat Management Team Limited

(Registration number: 03741755)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	31 July 2024 £
Fixed assets
Tangible assets	4	32,021	32,671
Current assets
Debtors	5	273,036	267,886
Cash at bank and in hand		365,146	296,725
		638,182	564,611
Creditors: Amounts falling due within one year	6	(126,832)	(116,552)
Net current assets		511,350	448,059
Total assets less current liabilities		543,371	480,730
Provisions for liabilities		(7,118)	(7,232)
Net assets		536,253	473,498
Capital and reserves
Called up share capital		100	100
Retained earnings		536,153	473,398
Shareholders' funds		536,253	473,498

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Petticoat Management Team Limited

(Registration number: 03741755)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 

......................................... Mrs B D Stevens Director

......................................... Mr G R Howard Director

Petticoat Management Team Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 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:
The Coach House
Ryeford Road
Stonehouse
Gloucestershire
GL10 3HG

These financial statements were authorised for issue by the Board on 6 August 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.

The presentational currency of the financial statements is British Pound £, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are round to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. 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.

Petticoat Management Team Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

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
Furniture, fixtures and equipment	20% reducing balance
Motor vehicles	25% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Petticoat Management Team Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 2024

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 19 (2024 - 19).

Petticoat Management Team Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2024 to 31 December 2024

4	Tangible assets

	Furniture, fittings & equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	111,663	13,495	125,158
Additions	2,261	-	2,261
At 31 December 2024	113,924	13,495	127,419
Depreciation
At 1 August 2024	78,992	13,495	92,487
Charge for the period	2,911	-	2,911
At 31 December 2024	81,903	13,495	95,398
Carrying amount
At 31 December 2024	32,021	-	32,021
At 31 July 2024	32,671	-	32,671

5

Debtors

Current	Note	31 December 2024 £	31 July 2024 £
Trade debtors	8	200,970	179,317
Prepayments		62,632	82,065
Other debtors		9,434	6,504
		273,036	267,886