Company Registration No. 01565398 (England and Wales)
Pollitt & Partners Limited
Unaudited accounts
for the year ended 31 December 2024
Pollitt & Partners Limited
Unaudited accounts
Contents
Pollitt & Partners Limited
Company Information
for the year ended 31 December 2024
Directors
N Pollitt
P Holmes
Company Number
01565398 (England and Wales)
Registered Office
91 Wimpole Street
London
W1G 0EF
England
Accountants
Lilley & Co (UK) Limited
Suite 8
57 High Street
Ibstock
Leicestershire
LE67 6LH
Pollitt & Partners Limited
Statement of financial position
as at 31 December 2024
Tangible assets
3,842
1,023
Debtors
3,542,324
3,728,115
Cash at bank and in hand
590,965
201,760
Creditors: amounts falling due within one year
(303,187)
(291,289)
Net current assets
3,830,102
3,638,586
Total assets less current liabilities
3,840,904
3,648,609
Provisions for liabilities
Net assets
3,840,348
3,648,609
Called up share capital
10,000
10,000
Profit and loss account
3,830,348
3,638,609
Shareholders' funds
3,840,348
3,648,609
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
N Pollitt
Director
Company Registration No. 01565398
Pollitt & Partners Limited
Notes to the Accounts
for the year ended 31 December 2024
Pollitt & Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 01565398. The registered office is 91 Wimpole Street, London, W1G 0EF, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services under a contract 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line
Computer equipment
50% Straight line
Equity and other investments are measured at fair value through profit or loss, except for those investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pollitt & Partners Limited
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
390
378,268
378,658
At 31 December 2024
390
382,739
383,129
At 1 January 2024
49
377,586
377,635
Charge for the year
84
1,568
1,652
At 31 December 2024
133
379,154
379,287
At 31 December 2024
257
3,585
3,842
At 31 December 2023
341
682
1,023
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Investments
Other investments
Valuation at 1 January 2024
9,000
Fair value adjustments
(2,040)
Valuation at 31 December 2024
6,960
Amounts falling due within one year
Trade debtors
190,200
335,912
Amounts due from group undertakings etc.
3,274,628
3,273,424
Accrued income and prepayments
60,083
93,057
Other debtors
17,413
25,200
Pollitt & Partners Limited
Notes to the Accounts
for the year ended 31 December 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
31,927
71,397
Taxes and social security
90,668
50,557
Deferred income
18,346
16,240
There is a fixed and floating charge over the company's assets held by Lloyds Bank, first registered 23 April 2005.
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Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
88,680
21,000
Later than one year and not later than five years
22,224
7,236
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Transactions with related parties
The company has taken the exemption under Section 33 Related Party Disclosures paragraph 33.1A from disclosing transactions with other members of a wholly owned group.
The immediate parent company is Pollitt & Partners Holdings Limited, a company registered in England and Wales.
The ultimate parent company is Pollitt & Partners Trustee Limited, a company incorporated in England and Wales.
The registered office of both the immediate and ultimate parent company is 91 Wimpole Street, London, England, W1G 0EF.
There is no ultimate controlling party.
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Average number of employees
During the year the average number of employees was 9 (2023: 13).