PETTI-CLOUX LIMITED


Directors	CLEWLEY, Morgan Vail
	CLEWLEY, Rebecca Lucy


Registered Address	161 Elm Grove
	Southsea
	PO5 1LU


Registered Number	09856529 (England and Wales)

Balance Sheet as at
30 November 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		2,285,536		2,295,125
			2,285,536		2,295,125
Current assets
Debtors		30,665		396,018
Cash at bank and on hand		28,554		113,142
		59,219		509,160
Prepayments and accrued income		43,123		-
Creditors amounts falling due within one year	4	(65,801)		(49,428)
Net current assets (liabilities)			36,541		459,732
Total assets less current liabilities			2,322,077		2,754,857
Creditors amounts falling due after one year	5		(2,111,701)		(2,552,096)
Provisions for liabilities	6		(25,781)		(22,764)
Net assets			184,595		179,997
Capital and reserves
Called up share capital			2		2
Revaluation reserve			100,000		100,000
Profit and loss account			84,593		79,995
Shareholders' funds			184,595		179,997

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 September 2025, and are signed on its behalf by:

CLEWLEY, Morgan Vail
Director

CLEWLEY, Rebecca Lucy
Director

Registered Company No. 09856529

PETTI-CLOUX LIMITED

Notes to the Financial Statements
for the year ended 30 November 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Functional and presentation currency
	The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements relate to Petti-Cloux Limited as an individual company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	20

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 December 23	2,247,181	90,249	2,337,430
At 30 November 24	2,247,181	90,249	2,337,430
Depreciation and impairment
At 01 December 23	-	42,305	42,305
Charge for year	-	9,589	9,589
At 30 November 24	-	51,894	51,894
Net book value
At 30 November 24	2,247,181	38,355	2,285,536
At 30 November 23	2,247,181	47,944	2,295,125

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	33,232	32,418
Bank borrowings and overdrafts	27,529	9,152
Taxation and social security	3,654	6,471
Accrued liabilities and deferred income	1,386	1,387
Total	65,801	49,428

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	2,045,483	2,046,103
Other creditors	66,218	505,993
Total	2,111,701	2,552,096

6.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	25,781	22,764
Total	25,781	22,764