Punchbowl Park Limited - Filleted accounts

Registered number

05272564

Punchbowl Park Limited

Filleted Accounts

31 December 2024

Punchbowl Park Limited
Registered number:		05272564
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		4,107			4,107
Tangible assets	4		4,770			5,597
			8,877			9,704

Current assets
Debtors	5	9,125			7,625
Cash at bank and in hand		117,260			98,480
		126,385			106,105

Creditors: amounts falling due within one year	6	(24,349)			(19,180)

Net current assets			102,036			86,925

Net assets			110,913			96,629

Capital and reserves
Called up share capital			100			100
Profit and loss account			110,813			96,529

Shareholders' funds			110,913			96,629

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J P Turner
Director
Approved by the board on 22 September 2025

Punchbowl Park Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		3


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 January 2024							4,107
	At 31 December 2024							4,107

	Amortisation
	At 31 December 2024							-

	Net book value
	At 31 December 2024							4,107
	At 31 December 2023							4,107



4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	40,000		6,662		4,473		51,135
	Additions	-		-		1,800		1,800
	Disposals	-		-		(4,473)		(4,473)
	At 31 December 2024	40,000		6,662		1,800		48,462

	Depreciation
	At 1 January 2024	36,000		5,379		4,159		45,538
	Charge for the year	2,000		133		180		2,313
	On disposals	-		-		(4,159)		(4,159)
	At 31 December 2024	38,000		5,512		180		43,692

	Net book value
	At 31 December 2024	2,000		1,150		1,620		4,770
	At 31 December 2023	4,000		1,283		314		5,597




5	Debtors					2024		2023
£							£

	Other debtors					9,125		7,625


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					14,695		12,609
	Corporation tax					3,900		743
	Other taxes and social security costs					4,239		4,625
	Other creditors					1,515		1,203
						24,349		19,180


7	Other information

	Punchbowl Park Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Montgomery Chambers
	22 Hardwick Street
	Buxton
	Derbyshire
	SK17 6DH