Pontefract Motors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00408572

Pontefract Motors Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Pontefract Motors Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		400,000		400,000

Current assets

Cash at bank and in hand	294,812		286,246

Creditors: amounts falling due within one year	7	36,385		34,548
		----------		----------
Net current assets			258,427		251,698
			----------		----------
Total assets less current liabilities			658,427		651,698

Provisions

Taxation including deferred tax	93,340	93,340
	----------	----------
Net assets	565,087	558,358
	----------	----------

Capital and reserves

Called up share capital	2,000	2,000
Revaluation reserve	280,019	280,019
Profit and loss account	283,068	276,339
	----------	----------
Shareholders funds	565,087	558,358
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pontefract Motors Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mrs A J Hughes
Director

Company registration number: 00408572

Pontefract Motors Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Fulford Lodge, 1 Heslington Lane, Fulford, York, YO10 4HW.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Income from the rents receivable is recognised in accordance with the agreed terms of the relevant lease agreement.

(c) Current tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(d) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

(e) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% straight line
Fixtures & Fittings	-	25% straight line

(f) Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

(g) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(h) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	5,092	5,414
	-------	-------
Tax on profit	5,092	5,414
	-------	-------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	400,000	8,844	5,894	414,738
	----------	-------	-------	----------
Depreciation
At 1 April 2024 and 31 March 2025	–	8,844	5,894	14,738
	----------	-------	-------	----------
Carrying amount
At 31 March 2025	400,000	–	–	400,000
	----------	-------	-------	----------
At 31 March 2024	400,000	–	–	400,000
	----------	-------	-------	----------

The investment property was valued by Abson Blaza on 14 August 2014. Investment property was subsequently valued in March 2025 by the directors, who have experience in the location and category of the investment property being valued, at the same amounts as were attributed by the professional valuer in 2014.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,756	2,440
Corporation tax	5,092	5,414
Social security and other taxes	428	360
Directors current accounts	29,109	26,334
	--------	--------
	36,385	34,548
	--------	--------

8. Analysis of other comprehensive income

	Revaluation reserve
	£

Year ended 31 March 2024
Movement in deferred tax provision	( 22,402)
	--------

9. Related party transactions

During the year the directors made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 29,109 (2024: £ 26,334 ).